Monday, April 19, 2021
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Massive drop in number of unbanked says World Bank

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2 billion adults, says a...
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Mobile money for the unbanked – Avoiding common industry pitfalls

A new Roland Berger study, entitled Mobile Money for the unbanked – Avoiding common industry pitfalls, highlights the challenges of creating a Mobile Money operating arm, cautions operators that success isn't guaranteed despite potentially...
Ethereum network

Raiden payment systems goes live on Ethereum network

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....

Safaricom calls truce in growing M-Pesa unrest

Safaricom has offered to negotiate a settlement with rival Airtel in an abuse of dominance dispute filed before the competition regulator regarding its M-Pesa services. Correspondence between the two firms shows that Safaricom agreed to settle the...

MasterCard in strategic mobile money collaboration

MasterCard Worldwide, Comviva Technologies and Tutuka have announced a strategic collaboration that combines Comviva's mobiquity mobile payment platform, Tutuka's prepaid processing platform and MasterCard's global electronic payments network to further extend financial inclusion to...

Visa Study: mobile money drives demand for financial services

Visa Inc. and Fundamo, the Visa-owned mobile money platform, say the results of a study that reveals consumers in six developing countries are already highly aware of mobile money services - the ability to...

Maxis launch MMT service via Western Union

Western Union and Maxis, Malaysia's leading mobile communications service provider, say they are working together to launch a service that would allow Maxis subscribers to send cross-border remittances directly from their mobile phones. The...

M-Shwari pushes up loan accounts by 1.7 million

Safaricom’s mobile phone-based bank account M-Shwari helped to push up the number of loan borrowers by 1.7 million in six months between January and June, latest data by the Central Bank of Kenya (CBK) shows. This...

American Express invests in first P2P Bitcoin venture

Last week, P2P Bitcoin company Abra, announced that it will soon be available to all registered users in the US and Philippines and will also now offer services enabling merchants to accept digital cash from...

Amazon kills P2P payments service

Amazon shut down its WebPay service, saying that the P2P payments service for money transfer  is not good enough to keep going. For several years, WebPay has let Amazon Payments users send, receive, and request money...

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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