Mobile Remittance

Transfast, a little known provider of online, cross-border p2p payments solutions, has announced the launch of its proprietary bank deposit network into 23 African nations – the most extensive of its kind on the...

The Central Bank of Nigeria (CBN) has released new guidelines for the swift take off of the next level of implementation of the Nigerian Financial Inclusion Strategy (NFIS). The new guidelines released recently include promoting increased...

Telkom Kenya, a joint venture between France Telecom SA and the East African nation's government, plans to introduce mobile-banking services by year-end in partnership with a 'main' local bank. Mobile-phone operators in East Africa's biggest...

Fundamo has been selected by Monet, an independent mobile financial services company, to launch a mobile money network in Pakistan. The platform, now approved by the State Bank of Pakistan, will be able to...

Fidor Bank has become the first the bank in the world to utilise the Ripple protocol for sending real-time money transfers. San Francisco-based Ripple offers a decentralised order book relying on open-source peer-to-peer payment protocols...

MoneyGram and CashEdge say that they plan to integrate their respective money transfer and payment services platforms so that "recipients of Popmoney (MPW 133, 141, 148) payments would be able to direct receipt of...

Visa Europe announced two significant additions to its Visa Personal Payments mobile service: Multi-Currency and Immediate Payments. The new functions will enable consumers to make instant transactions from their mobile phone to any Visa...

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...

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,...

Google has enabled Send Money in Gmail, a money transfer payment service that will initially only be in the UK and the US. Originally revealed several years ago in the US, the Send Money in Gmail payment...