Wednesday, August 5, 2020
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M-Pesa

Kenya: How agency and mobile banking took over country

Ever since M-Pesa and mobile banking was launched in Kenya 10 years ago, there has not been any other innovation that has come close to revolutionising and transforming the money transfer sector like agency...

Mobile no longer an alternative channel

The GSMA has predicted that global smartphones will hit 1.75 billion units by the end of 2014. Mobility has become the hub of computing and connectivity. As smartphone adoption rates grow year after year and broadband...

Santander’s bank transforms its mobile banking into m-commerce marketplace

The new BZWBK24 mobile banking app enables its users in Poland to shop at a variety of merchants embedded in the application. Users can make daily shopping with home delivery, send flowers or buy bus...
Open access, Open banking and Open APIs

UK’s Open Banking Project expanded

The Open Banking Implementation Entity (OBIE), the body set up by the Competition & Markets Authority (CMA) to enable a new, secure way for customers to take control of their financial data and share...
Mobile-Banking-Functionality-Use-by-Age

Mobile banking and its use as a payments channel

58% of US smartphone users have downloaded a mobile banking app for their primary checking account, and 50% of US smartphone users (including 68% of those under 35 and 31% of those 55 and...

DBS launches mobile-only bank

Singapore's DBS bank has decided to go for the mass-market retail customers and has launched a mobile-only bank. The bank say the product will be completely paperless and branchless and will allow customers to open accounts by using Aadhaar card,...
US banks roll out Zelle P2P money transfer app to take on Venmo

US banks roll out Zelle P2P money transfer app to take on Venmo

A consortium of US banks, including Wells Fargo, JPMorgan Chase and Bank of America, are rolling out a new P2P money transfer app to take on Venmo and other mobile payment upstarts. The app, named Zelle,...

Mobile banking and mobile payments surge in Europe

If you don’t already bank, shop or make mobile payments using your mobile device, there’s a good chance that you’ll start within the coming year. At least, that’s what the results of the ING International...

Sharp shift to mobile banking means malware prevention needs to become a key consideration

As retail banks restructure to align with the uptake in mobile banking, the issue of mobile application security and malware attack prevention now needs to be brought to the fore to protect consumers. According to...
Tablet banking

Five key themes that will transform banking in 2018

NCR recently surveyed over 1,000 UK adults, aged 16 and above, to gather their thoughts on the future of banking. Some of the findings are pivotal in understanding how banking will change in the...

Latest News

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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