Friday, January 15, 2021
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TransferWise

TransferWise to offer cost effective cross-border bank accounts

  TransferWise has extended its offering by launching a new service that takes it into the realms of looking more like a bank. For the first time, TransferWise will hold money on deposit for its customers and provide them with...

Visa to start mobile money transfer

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...

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...

Global B2B mobile money transfer to hit $218 trillion

New research forecasts significant growth for the cross-border B2B money transfer industry. Juniper Research is forecasting the global B2B mobile money transfer industry to see a $218 trillion valuation by 2022, up from its existing $150...

Massive drop in number of unbanked says World Bank

From 2011 and 2014, 700 million people became account holders at banks, other financial institutions, or mobile money service providers, and the number of “unbanked” individuals dropped 20% to 2 billion adults, says a...
M-Pesa

Vodacom reviewing poor M-Pesa business

Mobile network Vodacom South Africa is considering various options for its sluggish mobile money transfer service M-Pesa. M-Pesa enables customers - particularly unbanked users - to transfer money from person-to-person using mobile phone and text-messaging...

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...

Uganda mobile money users hit 9 million

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...

Nigerian government disburses funds via Mobile Money

Ecobank Nigeria and the Ekiti State government have commenced the disbursement of funds to over 2,250 residents earmarked in the State as the first set of beneficiaries of the Federal Government Conditional Cash Transfer...

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...

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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