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Contactless mobile wallets set to surge

The number of mobile wallets using contactless technology is expected to reach 200 million by the end of 2016, according to new statistics from...

CurrentC to delay launch

CurrentC, the mobile payment platform developed by MCX, will kick off a public beta test within the next few weeks in Ohio, but may...

M-Pesa abides to CAK charges ruling

Safaricom says it will implement the directives by the Competition Authority of Kenya over charges on Lipa Na M-Pesa services within the deadlines set...

US retailers to begin public tests of CurrentC

MCX, three years after deciding to enter the mobile payment market with CurrentC, a group of large retailers is finally doing it. Merchant Customer Exchange...

HKT Payment, a subsidiary of  Hong Kong Telecommunications (HKT) has launched a SIM-based NFC mobile payments service to let customers pay at more than 3 million...

The debit card goes mobile in Austria

PSA Payment Services Austria launched a new mobile debit card. The popular and familiar form of payment is now available for NFC-enabled mobile phones to...

First bank deposit network for receipt of payments across 23 African...

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...

Nigerian mobile money transactions hit $3.5 billion

Nigeria has recorded a total transaction of N700 billion, about $3.5 billion, through the mobile money banking system since 2012, according to the  Central...

Revenues from mobile money transfers to reach $4bn by 2018

Operators are said to be benefiting from the boom in mobile money transfer services with $2bn in revenues forecast for this year and $4bn annually 2018. Africa is set as...

Nine drivers of mobile money identified as consumers embrace mobile

Global trade body Mobile Ecosystem Forum (MEF) has released its annual Global Mobile Money report. As new mobile payment models come online, and more sectors embrace...

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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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