Friday, June 18, 2021
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Mobile money use on the rise in Africa

Despite the slow take off of mobile money services in West Africa relative to other regions on the continent, operators in the area are beginning to report signs of success. Last month, Orange confirmed the...

Easypaisa hits 6 million monthly users

Celebrating the fifth anniversary of Easypaisa, Telenor talked up how embedded the mobile money service has become in Pakistan’s economy, attracting six million users every month. The operator, which launched service on 15 October 2009...

Orange partners African banks to extend mobile money services

Orange has agreed partnerships with African banks to expand its mobile money services across the region to try to match the popularity of Vodafone’s M-Pesa. The French telecoms group has struck a first deal with Bank of...
Apple Pay patent infringement lawsuit

Apple Pay funding added to Western Union to enable mobile money transfer

Western Union says that US customers using its mobile money transfer app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic...

FTC investigates PayPal’s Venmo

PayPal's P2P payment service Venmo is under investigation by the Federal Trade Commission. PayPal has acknowledged the situation in an SEC filing: "On March 28th, 2016, we received a Civil Investigative Demand (CID) from the Federal Trade Commission...
CryptoRuble

Russia to launch national Cryptocurrency – CryptoRuble

Nikolay Nikiforov, Russia’s Minister of Communications has revealed that President Vladimir Putin has given the Go-Ahead for a new cryptocurrency dubbed CryptoRuble, reports CoinTelegraph, claiming local news sources. The Russian form of cryptocurrency won’t be as open as popular options...

Mobile money momentum

As mobile money transfer services like Pingit and Paym gain traction, how will mobile remittances help drive mobile commerce? With all the focus on mobile payments and wallets, and the success of mobile-based money transfer...
money_laundering_scheme

Is mobile money a haven for money launderers?

Is mobile money a haven for money launderers? There have been a number of developments in the international financial system in recent decades that have made finding, freezing and forfeiting income and assets derived...
Alipay

Ant Financial forced to abandon MoneyGram purchase due to US regulatory pressure

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to America’s national security. Ant...
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...

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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