Global News

VeriFone Mobile Money and Airtel Africa Group Announce Maste

VeriFone Mobile Money and Airtel Africa Group Announce Master Agreement for the roll out of Merchant Enablement across Africa 20thAugust 2014 Nairobi Kenya VeriFone Mobile Money and Airtel Africa part of the Bharti Airtel Group today announced that they had reached an agreement to offer VeriFone Mobile Moneys merchant enablement applications for mobile Tap n Pay across their 17 operating companies in Africa VeriFone Mobile Moneys Tap n Payapplications are a smart secure and fast way for customers to pay buy bank bill and remit money with their mobile phone at the point of sale Chidi OkpalaDirector Head of Airtel Money Africa stated...[...read more]

Filed Under Global News

World Remit, Red Cross Are in Talks to Allow Money-as-Aid Tr

JULY 2014 Blogswsjcom A Londonbased mobile money transfer startup is teaming up with aid agencies like the Red Cross to allow cash to be sent as humanitarian aid to affected areas World Remit Ltd enables users to send money from bank accounts via their laptops mobiles or tablets to more than 100 destinations in 35 countries Recipients can then receive the money as cash which they collect or have delivered by courier as a bank deposit or directly into a mobile wallet World Remit did not comment on what form the commercial aspect of the deal with the Red Cross would take should a deal be finalized However according to a person with know...[...read more]

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MicroEnsure reaches 10 million enrolled clients

JULY 12014 PRESS RELEASE Leading global microinsurance specialist MicroEnsure today announces that it now serves more than 10 million enrolled clients In the past six months the company has more than doubled the number of clients reached through key partnerships with mobile network operators microfinance providers and banks in Africa and Asia Critical to the growth has been its partnerships with mobile networks including Telenor in Asia and Airtel in Africa In Bangladesh MicroEnsure has enrolled over one million clients in 30 days through Nirvoy in partnership with Grameenphone a free life insurance product that now has more than tw...[...read more]

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ITU to promote mobile money for the poor

June 302014 ITWIRE The International Telecommunications Union ITU has established a focus group on digital financial services to promote financial inclusion using ICT It says the initiative is in response to a proposal from theBill and Melinda Gates Foundation which is a member of ITUs standardisation body Over 25 billion adults do not have access to a formal bank account most of them in developing economies said ITU SecretaryGeneral Hamadoun Tour Internationally standardised mobile money platforms will increase financial inclusion to the benefit of socioeconomic development worldwide Tour said digital financial services are c...[...read more]

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BlackBerry Expands Commitment to Mobile Payments Management

JUNE 162014 PRESS RELEASE BlackBerry Limiteda world leader in mobile communications today announced a new threeyear agreement with EnStream LP a mobile payments joint venture owned by Canadian wireless carriers Bell Rogers and TELUS to provide a secure platform that supports transaction services between leading banks and consumers Under the agreement EnStream will leverage BlackBerrys proven and reliable infrastructure to enable financial institutions including Royal Bank of Canada TD Bank Group CIBC and Desjardins and mobile operators to securely provision sensitive payment card credentials into any smartphone capable of near field co...[...read more]

Filed Under Global News

UAE Banks Federation announces launch of mobile wallet

JUNE 062014 KHALEEJ TIMES The UAE will be potentially the first country in the world where the whole banking sector supports such a programme The UAE Banks Federation has announced the formal launch of the implementation of the mobile wallet project with the support of the Central Bank The project first unveiled in February has been developed by a special committee of 9 member banks under the Chairmanship of Tirad Al Mahmoud CEO of ADIB and works under the aegis of the UAE Banks Federation in close coordination and cooperation with the designated committee of the Central Bank The implementation of the project is being support...[...read more]

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UAE leading the shift away from cash

MAY 122014 GULFNEWS Consumer education and government initiatives will further spur the adoption of cashless payment solutions in the Middle East region industry experts told Gulf News The region remains a cashbased society with only about 10 per cent of payments made electronically This is mainly because many consumers are not aware of the benefits of cashless payments and they dont trust the security of online transactions However Raghu Malhotra division president for Middle East and North Africa at MasterCard said the trend is fast changing especially in the UAE Consumer education holds the key to an increase in the adopti...[...read more]

Filed Under Global News

Ooredoo announces support for Global Mobile Money Initiative

MAY 062014 PRESS RELEASE Ooredoo today announced that it has committed to the GSMAs Mobile Money Interoperability MMI programme to accelerate the implementation of interoperable mobile money services across Africa and the Middle East Ooredoo joins a group of operators in supporting the programme who together represent 582 million mobile connections across 48 countries in Africa and the Middle East These include Bharti Airtel Etisalat Group Millicom MTN Group Orange STC Group Vodafone Group and Zain Group The GSMAs MMI programme also includes mobile network operators from other regions and focuses on helping them to successfully launch a...[...read more]

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