A mobile phone with cash coming out of it

Nigeria to shut failing mobile money operatives

Nigeria’s authorities are set to revoke the licences of at least 15 struggling mobile money operators under new minimum finance rules, according to press report. The report tips the majority of the 21 companies operating...
Evolution of the global mobile wallet landscape

How do mobile wallets vary in different countries?

Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally. Mobile users can now do this through a number of different technologies,...
Alipay

Ant Financial forced to abandon MoneyGram purchase due to US regulatory pressure

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to America’s national security. Ant...
Ethereum network

Raiden payment systems goes live on Ethereum network

A version of the Raiden payments channel network has been launched on the main Ethereum blockchain. Activated yesterday, the launch comes months after µRaiden – known more commonly as "microraiden" – first launched on an Ethereum test net....
blockchain-based money transfer

Mastercard files patent for blockchain-based money transfer

Mastercard has just filed a patent for a “Method and System For Instantaneous Payment Using Recorded Guarantees.” This is, in short, a patent for a blockchain-based system that offers instant payment. The patent describes A method for processing...
CryptoRuble

Russia to launch national Cryptocurrency – CryptoRuble

Nikolay Nikiforov, Russia’s Minister of Communications has revealed that President Vladimir Putin has given the Go-Ahead for a new cryptocurrency dubbed CryptoRuble, reports CoinTelegraph, claiming local news sources. The Russian form of cryptocurrency won’t be as open as popular options...
QR Code Payment

Ecobank launches mVisa across 33 African countries

Pan African bank Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level – and potentially huge gains – as...
P2P payments

WhatsApp set to add P2P payments to messaging app

WhatsApp is rumoured to be preparing P2P payments for its messaging app, making it the latest service to let users transfer money to one another with a text. A beta version of WhatsApp's next update...

Financial inclusion – Addressing the unbanked in developing countries

Around two billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to the World Bank. When financial inclusion is a key enabler...
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...

Latest News

Mobile payments remain a tough proposition to sell in mature markets

Mobile payments are having a tough time gaining adoption in mature markets. According to the annual “Connected Life” study by Kantar TNS, only a minority of...
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