Mobile Remittance

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 $218 trillion valuation by 2022, up from its existing $150...

Walmart, like Amazon, is moving itself further into traditional financial services provider territory, by expanding its money transfer operation to 200 countries. Through the new money transfer operation, people will be able to deliver money...

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 said. The Association’s annual State of the Industry Report on Mobile...

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...

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,...

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...

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....

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...

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...

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...