Mobile Remittance

Akbank has developed a mobile banking application that will allow money transfers at anytime to anywhere when needed. Customers will be able to transfer money conveniently to an account or to a credit card...

Vodafone India along with ICICI bank launched its mobile money transfer and payment service ‘M-Pesa’ in Delhi, expanding the footprint in the Capital. The company plans to roll-out the service in Mumbai and Lucknow in...

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...

Equity, the leading bank in Kenya, has migrated to OpenWay's WAY4 payment processing system. With WAY4, Equity can work as a payment switch and launch new services for retail customers, including acquiring EMV cards...

In a strange outburst, Tunde Lemo, deputy governor, Operations, at the Central Bank of Nigeria (CBN) has spoken out against what appears to be the global model for mobile payment systems in the developing...

The GSMA’s Mobile Money for the Unbanked (MMU) programme released its third annual Mobile Financial Services State of the Industry Report, providing a quantitative assessment of the state of mobile financial services, including mobile...

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...

hyperWALLET Systems has announced the launch of hyperREMIT, a low-cost SMS international remittance service from Canada to the Philippines. hyperREMIT enables Canadians to quickly send funds to recipients in the Philippines using a variety...

Bank Andara, a wholesale bank for microfinance institutions (MFIs) in Indonesia, and recently acquired Fundamo haveunveiled AndaraLink. The network, the first of its kind in the world, enables MFIs to provide 40 million financially excluded...

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...