Rory Cellan-Jones BBC Technology correspondent @BBCRoryCJ via Twitter Wouldn’t it be great if you could leave your wallet at home and pay for everything with your mobile phone? Well, OK, not everybody is in love with the idea of the cashless society, but the march of mobile money seems unstoppable right now. Or does it?
Category Archives: Global News
Plextek and RedCloud complete acquisition of Iceni Mobile
Plextek Limited, Europe’s leading independent business, product innovation and design consultancy and RedCloud Technology Limited, a leading investor in mobile financial services in emerging markets, today announced that they have entered into a definitive agreement to acquire the Intellectual Property Rights of Iceni Mobile Ltd including the mobile payments system (the I2S platform) developed by
Mobile Banking spurs entrepreneurship in Africa
TECHNOLOGY BANKER Effective corporate transactions by mobile banking services may be the tipping point. The popularity of mobile banking in Africa could have implications beyond linking the unbanked to financial networks – as the banking sector originally meant it to be. The convenience of mobile banking could enliven entrepreneurial spirit in the continent. Experts we
GSMA Receives Additional Funding For Successful Mobile Money For The Unbanked Programme
The GSMA today announced that it has received an additional $9.8m USD from the Bill & Melinda Gates Foundation, The MasterCard Foundation and Omidyar Network to continue the successful Mobile Money for the Unbanked (MMU) programme for a three-year period to 2015. “A decade ago, mobile money services for the unbanked did not exist, but
IFC and The MasterCard Foundation Launch Partnership to Improve Financial Services for Millions in Africa
IFC, a member of the World Bank Group, and The MasterCard Foundation today launched a partnership to increase access to financial services for an estimated 5.3 million people in Sub-Saharan Africa. Building on recent economic momentum and stability in many African economies, the project will create new opportunities for economically disadvantaged people to expand businesses,
Who’s Ready For Mobile Payments? The U.S., Canada…And Kenya
Eric Savitz FORBES Guest post written by Theodore Iacobuzio Theodore Iacobuzio is a vice president at MasterCard Worldwide, where he leads the Global Insights group. We are on the verge of one of the biggest changes in decades in how we pay for goods and services. For the first time since the 1980s, what we
Dubai: mPay offers auto-payment facility
Khaleej Times Dubai eGovernment has added new features to its mobile payment gateway, mPay, which will speed up the transaction of government fees or charges. A number of government entities are currently using this service, which covers Salik recharge from the RTA, payment of traffic fines from the Dubai Police and payment of electricity bills
Many Competing Paths on the Road to the Phone Wallet
By JOSHUA BRUSTEIN The NewYork Times The idea of using a smartphone as a wallet has been slow to catch on in the United States. A big part of the problem has been that most stores do not have the proper physical equipment to allow customers to pay by tapping their phone. These stores also
Mobile won’t kill card payments in emerging markets – Visa executive
Sam Holmes Dow Jones Newswires While people from rural areas turn to mobile payments, burgeoning middle classes will still use credit cards, according to credit card specialist. Visa Inc. still sees a future in plastic forms of payment, even in the emerging markets where it is aggressively seeking to reach unbanked consumers through new mobile
FRANCE TELECOM : A partnership between Orange and CANAL+ AFRIQUE on mobile payment
CANAL+ AFRIQUE and Orange have signed a partnership offering CANAL+/CANALSAT subscribers in Africa a convenient way to pay their subscription fees with their mobiles, using Orange’s mobile payment service. CANAL+/CANALSAT subscription fee payment using Orange Money will be launched in Madagascar in June 2012, so all Malagasy subscribers who are both CANAL+/CANALSAT and Orange customers
