Thursday, December 2, 2021
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Western Union provide mobile money transfer for Viber

Western Union says it is enhancing its existing relationship with Viber by enabling mobile money transfer for its 754m users worldwide, to send money domestically and internationally to more than 200 countries and territories from...
100 million Africans will be impacted across 33 markets by Masterpass QR

100 million Africans will be impacted across 33 markets by Masterpass QR

The Ecobank Group has signed a Memorandum of Understanding (MoU) with Mastercard to roll-out Masterpass QR, a mobile payment solution, across 33 African countries. This new agreement will give Ecobank the scale and capacity to...
WorldRemit and MTN agree mobile money partnership

SA telco MTN scraps mobile money business

Proving the difficulties that many MNO's are having in providing financial services, MTN has pulled the plug on its South African mobile money business, saying it was not viable in a country where around...
Messaging meets open global social payments on iOS 10

Messaging meets open global social payments on iOS 10

Circle for iMessage, which enables anyone using iOS 10 to send and receive social payments without fees to anyone in the world directly within Apple’s iMessage launched today. Customers can send dollars, euro, pound sterling...
Visa mobile money service to compete with M-Pesa

Visa mobile money service to compete with M-Pesa

Visa will introduced a mobile money service to enable cashless transactions in Kenya, where the majority of wireless payments are transacted through Safaricoms M-Pesa. The mVisa app will initially facilitate transactions for people with accounts...
Why Nigeria suspended international money transfer operators

Why Nigeria suspended international money transfer operators

Following several reports in the media regarding the suspension of international money transfers, the Central bank of Nigeria has advised Nigerians at home and in the Diaspora to beware of the unwholesome activities of...

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...
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Why did M-Pesa fail in South Africa?

South Africa's largest mobile operator Vodacom recently announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy. For many pundits the move comes as a surprise, because M-Pesa has been...

M-Pesa: The good and the bad news

The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($149,012,250 million), the sum is equal...

Kenyan banks’ mobile money plans fails to take off

Two missed deadlines in Kenya and uncertainty on when local banks will roll out their interbank switch allowing direct mobile money transfer through mobile phones across the industry has dampened the prospects of the entire...

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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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