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Global mobile wallet users to total 2.1 billion in 2019

Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30% from 1.6 billion...

Global B2B mobile money transfer to hit $218 trillion

New research forecasts significant growth for the cross-border B2B money transfer industry. Juniper Research is forecasting the global B2B mobile money transfer industry to see a...

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

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government...

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

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...

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...

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...

Kenyan banks’ mobile money plans fails to take off

Two missed deadlines in Kenya and uncertainty on when local banks will roll out their interbank switch allowing direct mobile money transfer through mobile...

Vodafone M-Pesa reaches 25 million customers milestone

Vodafone M-Pesa has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service. Across markets in...

Contactless mobile wallets set to surge

The number of mobile wallets using contactless technology is expected to reach 200 million by the end of 2016, according to new statistics from...

Cardless cash money transfer at ATM now available

Moldindconbank, one of Moldova's largest and most innovative banks, has launched a cardless, cash money transfer service. The service, developed by OpenWay, makes it possible...

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UK’s Open Banking initiative goes live after managed roll out

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking...
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