Monday, June 27, 2022
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Poor regulation leads to service disruption in Zimbabwe

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 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...

M-Shwari hits 10 million accounts

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...

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...
Airtel money logo

Airtel gets bank Payments Bank licence in India

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...

US Agency for International Development to accelerate mobile money adoption

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, WIND to launch mobile money transfer service in Italy

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...

Airtel Africa move $2bn in mobile money transactions in Q1

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...

Nigeria refuses licences for mobile money

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...
A POS machine showing a mobile payment

MoneyGram collaborate with Econet Wireless

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...

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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