Mobile Money: Charging the mobile
It is budget season in east Africa and the spending is easy. A shopping list of roads, pipelines, ports and public-sector pay rises prompted Uganda and Tanzania to hike their planned expenditure for 2013/14...
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...
Societe Generale to provide mobile money in Africa
Obopay has teamed up with French bank Societe Generale to bring its mobile payment services to customers in Africa starting with a new service launching in Senegal.
The service offered through Societe Generale de Banques...
Doha Bank team to offer Vodafone Money Transfer
Vodafone Qatar is combining international expertise in mobile phone money transfer with Doha Bank in a commercial partnership to deliver Vodafone Money Transfer (VMT). The tie-up sees Doha Bank providing the core financial services...
Mastercard files patent for blockchain-based money transfer
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...
Western Union launches cross-border mobile money transfer service
Western Union and Vodacom Tanzania have launched a cross-border mobile money transfer service.
With the launch of this service, friends and family members can visit one of more than 108,000 participating Western Union Agent locations...
Malawi takes key step to advance digital payments
Malawi says it has taken a significant step towards creating a digital payments ecosystem in order to address poverty and drive inclusive growth.
An event organized by the Government of Malawi with the United Nations Capital
Development...
eServGlobal MMT deal with SmartPay China
eServGlobal has announced an agreement for the HomeSend remittance service between its strategic business partner BICS and SmartPay, a leading Chinese electronic payment service provider.
The signing of this agreement is a significant step for...
The boom in mobile money businesses
Uganda is reportedly seeing mobile penetration rise at one of the fastest rates in the world, and it is expected to reach 71% by 2014, according to Pyramid Research.
Mobile money has exploded in east...
Oxygen8 Groups mobile payment solutions set to go global
Oxygen8 Group announced the continued global rollout of its mobile money transfer hub, Bridge, ahead of this years Mobile World Congress. The FSA licensed company will be adding new money transfer destinations to a...
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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