Mobile Remittance

According to recent press reports, Axis Bank of India is set to introduce a P2P mobile payments system which will let the customers send money to anyone through WhatsAPP, Twitter, Facebook and contacts list of...

Competition in the mobile money transfer market is set to intensify in Kenya, with the launch of a cross-border mobile money platform by electronic payments processor Visa. The platform will be available to all mobile...

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...

Kenya's mobile banking innovation may prove difficult to export. The African country has led the way with an SMS-based payment service called M-Pesa, which launched in eastern India last month. The government's push to give all...

Bharti Airtel on Monday received the Payments Bank licence from the Reserve Bank and gets Kotak Mahindra Bank (Kotak) as an investor. Airtel M Commerce Services Limited (AMSL) – a wholly owned subsidiary of Airtel which...

Banglalink, the leading operator in Bangladesh, has won the International Association of the Money Transfer Networks (IAMTN) 'Best New Service' Award for Mobile Remittance services, powered by Comviva's mobiquity mMoney. Remittance inflows contribute $10 billion...

Western Union says that US customers using its mobile money transfer app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic...

Mobile banking product M-Shwari has hit a major milestone by reaching 10 million accounts, just two years after the virtual banking product was launched. M-Shwari, a joint partnership between CBA and Safaricom, signed their 10 millionth...

Safaricom has closed illegal Mpesa agency business in Uganda, forcing many Kenyans living there and regional businessmen to revert to use of expensive money transfer services offered by banks. Mpesa traders in Uganda said their...

Western Union and MoneyGram International are looking for new revenue streams in Asia, in particular looking for ways to displace Asia's informal money transfer channels, which continue to grow. The best known of these is...