Tag: Mobile Money
Global B2B mobile money transfer to hit $218 trillion
New research forecasts significant growth for the cross-border B2B money transfer industry. Juniper Research is forecasting the global B2B mobile money transfer industry to see a...
Mobile money hits $1 billion per day landmark
Mobile money services generated $2.4 billion in direct revenue during 2017, as the industry processed $1 billion worth of transactions per day, the GSMA...
GSMA report highlights success of mobile money with over 690 million...
The GSMA has released its seventh annual ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape...
Nigeria to shut failing mobile money operatives
Nigeria’s authorities are set to revoke the licences of at least 15 struggling mobile money operators under new minimum finance rules, according to press...
Kenyan mobile money volume hit $16 billion
Mobile money continues to grow strongly as Kenyans transacted Ksh1.7 trillion ($16.4 billion) over their phones in the quarter through September 2017, a 54.5%...
Ant Financial forced to abandon MoneyGram purchase due to US regulatory...
Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government...
Financial inclusion – Addressing the unbanked in developing countries
Around two billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to...
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...
WorldRemit partners Android Pay for mobile money P2P transfers
WorldRemit has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using...
M-Pesa continues dominant position in Kenyan mobile money market
Despite increased competition, M-Pesa is maintaining a large lead the Kenyan market, according to official statistics.Over KES1 trillion ($10 billion) of mobile money deposits...
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...
