Global News

Facebook renews push into mobile payments

APRIL 162014 CIOL Facebook is just weeks away from getting an emoney license in Ireland According to the Financial Times Facebook is just weeks away from getting an emoney license in Ireland that would allow its users to hold and exchange money on the social networking site Eden Zoller mpayments experts at Ovum explains the rationale behind this move Ovum predicted Facebook would launch a renewed push into mobile payments this year and its focus on mobile money transfers makes sense These applications are gaining good traction with consumers particularly in emerging markets where Facebook has ambitions to be the prime platform from which ...[...read more]

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The Newest Player in Mobile Money Is a Bakery

BUSINESSWEEK BRENDAN GREELEY This morning the World Bankhosted a panel on mobile money the set of phonebased technologies that could bring basic financial services to the worlds poorest people Its a big deal and the panel predictably featuredChidi Okpalaof Bharti Airtel a mobile provider in subSaharan Africa Kamal Quadir the chief executive ofbKash a Bangladeshi mobile money provider and other obvious players The surprise panelist however wasHortensia Contreras Torres who runs electronic services for MexicosGrupo BimboBIMBOAMM one of the largest baking companies in the world Thats baking not banking Although mobile money sounds ...[...read more]

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Cashing in: why mobile banking is good for people and profit

APRIL 092014 Erin Scronce in Washington DC The Guardian Whether it is lack of access to water energy or education development professionals are well versed in the plethora of challenges facing billions of people The traditional approach to solving these problems has been to think big in terms of the millennium development goals government aid programmes or huge fundraising campaigns But there are dozens of startups and larger companies with innovative ideas who are approaching these challenges in new ways using digital finance The success of MPesa which reaches 182m registered users in Kenya aloneshowspdf how digital finance can be...[...read more]

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The future of financial services with Mobile Money

APRIL 082014 PRESS RELEASE Nawras have provided a look into the future through the new Mobile Money service from Ooredoo Mobile money or mMoney gives a glimpse of the possibilities of a new mobile business and the benefits of being part of a wider Group Launched in Qatar in 2011 mMoney allows users to perform a set of financial services safely and securely using any mobile device It was developed to meet the needs of a growing number of international workers allowing users to send money to more than 300000 locations in 197 countries The Ooredoo service surpassed more than one million users last year across its global customer base The bigg...[...read more]

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Mashreq brings first mobile wallet to UAE

APRIL 042014 GULFNEWS Mashreq aims to simplify and make mobile payments extremely accessible by launching UAEs first NFC Near Field Communicationenabled mobile wallet to replace credit cards The Tap n Go sticker makes lowvalue purchases exceedingly simple by converting any mobile phone of any generation into a credit card that can then be used to make contactless payments at thousands of retail outlets in the UAE and abroad The facility is already accepted at over 4000 merchants and growing in the UAE Dont leave home without your cell phone is perhaps more important than dont leave home without your credit card said Farhad ...[...read more]

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MoneyGram considers international mobile money transfer

APRIL 042014 GHANAWEB Money Transfer Operator MoneyGram says it would roll out international mobile money transfer service in Ghana if more consumers demand it and the requisite infrastructure is also deployed in the country The worlds second largest money transfer company has achieved its 10 millionth transaction in Ghana after 17 years of operations Ghana is considered the 5th largest remittance market in Africa and figures from the Bank of Ghana show that the countrys remittance pool through the banking sector was 187 billion With the increasing use of mobile phones especially for financial transactions in the country there...[...read more]

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Vodafone Uses Huawei for M-Pesa in Romania

APRIL 032014 AGENCY REPORT Huawei a leading global information and communications technology ICT solutions provider today announced it has supplied the mobile money service platform for Vodafones new MPesa service in Romania This is the first time that MPesa Vodafones leading mobile money transfer and payment service has been launched in Europe Under the partnership Huawei has deployed the mobile money platform for Vodafone to launch its first mobile money service in Romania Huawei has delivered an endtoend solution to enable Vodafone to provide its customers with a simple efficient and secure money transfer service in the Romanian marke...[...read more]

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African Mobile Money revenues to hit $3b

APRIL 032014 AGENCY REPORT Mobile Money operators revenue will rise to 3 billion by 2015 a study by Pyramid Research has shown Although Safaricoms MPesa in Kenya has long been the lone success story in the mobile money universe successes are being recorded in Nigeria Uganda and Tanzania with similar mobile money offerings MTN Ugandas Mobile Money service accounts for three per cent of all airtime sold on its network and Vodacoms MPesa service in Tanzania currently has six million subscribers with exponential growth of 600 per cent experienced in the past year alone Currently mobile money offerings remain limited and are concentrated in ...[...read more]

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  • 10-11 July,2013 Accra - Ghana.
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