Tuesday, June 18, 2019
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WU launches Indian pre-paid card

Western Union, ICICI Bank and MasterCard have joined forces to launch the Western Union ICICI Bank Prepaid Card in India. The card offers millions of underbanked Indians - many who carry cash 24/7 - a...

BSNL to launch mobile money transfer

Bharat Sanchar Nigam Limited (BSNL) plans to launch in the near future a mobile banking platform that will help a mobile subscriber send money orders electronically through SMS. In the first phase of BSNL's plan,...

hyperWALLET’s global money transfer service

hyperWALLET has launched a new online global money transfer service, targeted at Canadian consumers and credit union members. The new service enables individuals to transfer funds electronically to international bank accounts in over thirty...

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...
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Ecobank launches mVisa across 33 African countries

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...

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 to receive a cash money transfer at ATMs without the...

India arrests “Hawala” kingpin

India has arrested an alleged kingpin of the international "Hawala" informal money transfer system after a joint operation by detectives in five countries. Naresh Jain, known as the "Hawala king," was stopped by police in...

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 the leading market, as several African mobile operators are now generating...

Mobile money use on the rise in Africa

Despite the slow take off of mobile money services in West Africa relative to other regions on the continent, operators in the area are beginning to report signs of success. Last month, Orange confirmed the...

Kenya’s mobile money transfer registers snail pace growth

The amount of money transferred through mobile phones in Kenya annually has been growing at a slower rate over the past five years. The slower growth is linked to a similar slow down in the...

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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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