Sunday, July 5, 2020
Advertisement

Kenya’s Mobile Money Transfer hits $5 billion in Q1

Mobile money transactions in Kenya reached $5 billion in the first quarter of 2013, according to official data from Central Bank of Kenya (CBK), telecompaper has reported. The Q1 figures mark a year-on-year increase of $0.76 billion,...

Airtel Money rolls out School Pocket Money Service

Airtel Money has added a new product. The “School Pocket Money Service” is aimed at eliminating the stress associated with parents and guardians who struggle to send pocket money to their wards in senior...

MoneyGram unveils cash withdrawal for PayPal users

MoneyGram is enabling PayPal's 55 million active US account holders to withdraw money from their accounts either online or through mobile and collect the same at any MoneyGram location in the country. Starting from 01...

Mobile money outlawed in Uganda

A Ugandan court has pronounced that mobile money business operated by the five major telecommunication companies is illegal. Justice Christopher Madrama of the Commercial Court in Kampala, made the pronouncement on Friday. He was delivering a ruling on...

M-Pesa transactions rise despite higher charges

Kenyans defied a rise in mobile charges to make transactions worth Ksh139 billion ($1.64 billion) last month, new data from Central Bank of Kenya (CBK) indicate. This was a continuation of growth in use of...
Evolution of the global mobile wallet landscape

How do mobile wallets vary in different countries?

Simple and secure ways to complete transactions directly through a mobile device have become increasingly popular over the last three years globally. Mobile users can now do this through a number of different technologies,...

mHITs connect to BICS HomeSend remittance network

mHITs (pronounced Em-HITS), a developer and operator of mobile payment services, has announced that its Australian SMS mobile wallet service has connected to the BICS international remittance hub, HomeSend. In Australia, mHITs operates the mHITs...

Pygg taps Twitter for money transfers

Pygg, an Australian service that enables users to transfer money to each other through Twitter, has launched. Australian bank account holders can create Pygg (pronounced pig) accounts that are topped up using credit cards or...

Early Warning expands reach of clearXchange with Visa and Mastercard

Early Warning, a real-time payments provider, has signed an agreement with Visa to enable person-to-person (P2P) payments on its clearXchange network using US-issued debit cards through the Visa Direct platform, it will leverage Mastercard Send for Mastercard...

Oberthur partners with UTIBA

Oberthur Technologies has partnered with Utiba to create a complementary suite of secured Mobile Money Services and Money Transfer Solutions to mobile operators and financial institutions. This offer combines Oberthur Technologies' SIM OTA server, SIM...

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...
- Advertisement -