money_laundering_scheme

Is mobile money a haven for money launderers?

Is mobile money a haven for money launderers? There have been a number of developments in the international financial system in recent decades that have made finding, freezing and forfeiting income and assets derived...
Android Pay

WorldRemit partners Android Pay for mobile money P2P transfers

WorldRemit has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Launching the global rollout of the mobile-first approach to...
TransferWise

TransferWise to offer cost effective cross-border bank accounts

  TransferWise has extended its offering by launching a new service that takes it into the realms of looking more like a bank. For the first time, TransferWise will hold money on deposit for its customers and provide them with...
Apple Pay patent infringement lawsuit

Apple Pay funding added to Western Union to enable mobile money transfer

Western Union says that US customers using its mobile money transfer app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic...
M-Pesa logo

M-Pesa continues dominant position in Kenyan mobile money market

Despite increased competition, M-Pesa is maintaining a large lead the Kenyan market, according to official statistics.Over KES1 trillion ($10 billion) of mobile money deposits and withdrawals took place in Kenya between July and September...
No of registered mobile money customers covered by one agent

Mobile money for the unbanked – Avoiding common industry pitfalls

A new Roland Berger study, entitled Mobile Money for the unbanked – Avoiding common industry pitfalls, highlights the challenges of creating a Mobile Money operating arm, cautions operators that success isn't guaranteed despite potentially...
Evolution of the global mobile money landscape (2001 to 2016)

GSMA mobile money report shows half a billion accounts worldwide

The GSMA unveiled its sixth ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape and highlighting the impact of mobile money on lives, economies and innovation...
M-Pesa competitor network

Kenyan banks get backing to launch M-Pesa competitor network

The Central Bank of Kenya (CBK) has given six banks the go ahead to launch a mobile money transfer platform to compete directly with M-Pesa, starting new competition in the lucrative financial services market. The Kenya Interbank...
Viber-Icon

Western Union provide mobile money transfer for Viber

Western Union says it is enhancing its existing relationship with Viber by enabling mobile money transfer for its 754m users worldwide, to send money domestically and internationally to more than 200 countries and territories from...
100 million Africans will be impacted across 33 markets by Masterpass QR

100 million Africans will be impacted across 33 markets by Masterpass QR

The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to...

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Is mobile money a haven for money launderers?

Is mobile money a haven for money launderers? There have been a number of developments in the international financial system in recent decades that...
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