Mobile Remittance

Local commercial banks have disrupted EcoCash and other mobile money service providers by arm twisting the Reserve Bank of Zimbabwe (RBZ) to announce measures that compel telephone companies to conduct banking services through them. EcoCash,...

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...

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...

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...

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...

The US Agency for International Development (USAID) and Citi announced a global partnership to broaden financial inclusion by fostering the rapid adoption of 'mobile money' technology in developing countries. The announcement was made at USAID's...

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...

Bharti Airtel used Q1 numbers to highlight how its African subscribers have taken to mobile money with enthusiasm. “Telecoms are back to growth in Africa, this time spearheaded by internet and mobile money. Airtel has...

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...

MoneyGram and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s...