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Mobile money hits $1 billion per day landmark

Mobile money services generated $2.4 billion in direct revenue during 2017, as the industry processed $1 billion worth of transactions per day, the GSMA...

Homesend platform extends remittance reach

Mobile Payments World interviews Stephen Doyle, CEO of Homesend to discuss what going on in the remittance market.

MoneyGram collaborate with Econet Wireless

MoneyGram and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200...

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...

M-Pesa abides to CAK charges ruling

Safaricom says it will implement the directives by the Competition Authority of Kenya over charges on Lipa Na M-Pesa services within the deadlines set...

Mobile payments poised for explosive growth

Worldwide mobile payments will account for $1 trillion in value in 2017, up 124% from the less than $500 billion expected in 2015. Asia/Pacific markets...

Social media to drive mobile money transfer market

In a new report from Juniper Research it is projected that the number of mobile money transfers globally will increase by nearly 150% in 2015 to more...

Nigerian mobile money transactions hit $3.5 billion

Nigeria has recorded a total transaction of N700 billion, about $3.5 billion, through the mobile money banking system since 2012, according to the  Central...

Revenues from mobile money transfers to reach $4bn by 2018

Operators are said to be benefiting from the boom in mobile money transfer services with $2bn in revenues forecast for this year and $4bn annually 2018. Africa is set as...

Mobile money outlawed in Uganda

A Ugandan court has pronounced that mobile money business operated by the five major telecommunication companies is illegal. Justice Christopher Madrama of the Commercial Court in...

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Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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