Saturday, September 19, 2020
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MTN and BICS launch MMT service

MTN and BICS have announced that they will launch International Remittances services with MTN Ghana, utilizing HomeSend, a mobile centric remittance hub operated by BICS and powered by its technology partner eServGlobal. 'To start with Ghanaians...

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 by the competition watchdog. The CAK on Thursday ordered the telco...

Uganda mobile money users hit 9 million

Mobile money usage in Uganda tripled last year, with the number of users surpassing those of bank account holders. Charles Abuka, director for financial stability at the Bank of Uganda, said the number of...

International remittance firms join the scramble in Asia

Western Union and MoneyGram International are looking for new revenue streams in Asia, in particular looking for ways to displace Asia's informal money transfer channels, which continue to grow. The best known of these is...

eServGlobal announces East African mobile money deployment

eServGlobal is now rolling out its mobile money solution to a mobile network operator in East Africa. The contract includes the provision of mobile money, microfinance, credit, postpaid bill payment, mobile banking, salary disbursement,...

MMT still requires regulatory strengthening

Kenyan finance minister, Uhuru Kenyatta has said that mobile money transfers present enormous responsibilities and challenges to the government in terms of policy and supervision. 'On our part, at the Treasury, the Central Bank and...

Fino buys out Nokia’s m-payment business

Fino, India's largest business correspondent (BC) and alternative channel for financial services, acquired pre-paid mobile payment business of Nokia Mobile Payment Services in India. The company, however, refused to divulge any figure for the...

Western Union, WIND to launch mobile money transfer service in Italy

Western Union and WIND, one of the largest mobile operators in Italy and the EU, have joined forces to offer consumers even more from their mobile phones. Thanks to the agreement, WIND's 21 million subscribers...

Western Union launches new platform enabling stored value worldwide

The first is the launch of the Western Union Global Share platform, which enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies. The platform allows...

Western Union creates online and mobile unit

Money transfer firm Western Union is creating a new business unit to house its online, pre-paid and mobile services. Western Union Ventures will be led by chief marketing officer Diane Scott, focussing on the development...

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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