Global News

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]

Filed Under Global News

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]

Filed Under Global News

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]

Filed Under Global News

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]

Filed Under Global News

Speed and security critical to mobile payment success - KPMG

MAY 052014 CABLECOUK Speed and security will be critical to the success of mobile payment systems according to KPMG The launch of Paym could transform the mobile payment landscape according to KPMG but only if consumers security concerns are addressed Paym which was rolled out for account holders with nine UK banks on Tuesday 29 April 2014 allows Britons to send and receive money using phone numbers alone David Sayer Global Head of Banking for KPMG has now called the service the first step towards genuine realtime payments for everyone claiming it will help drive the uptake of mobile banking apps However he said that for consum...[...read more]

Filed Under Global News

VIVO ENERGY AND MTN SIGN PAN-AFRICAN PARTNERSHIP AGREEMENT

MAY 022014 Vivo Energy the company that distributes and markets Shell branded products in 16 African markets and MTN announced a panAfrican agreement to expand both companiesfootprint in providing services to their growing customer base Vivo Energy operates 1430 Shell branded service stations and aims to be the most respected energycompany in Africa MTN operates in 22 countries in Africa and the Middle East with 2078 millionsubscribers Through this alliance both companies aim to provide MTN and Shell customers more points of serviceacross Vivo Energys network of Shell service stations It will initially be rolled out in five marke...[...read more]

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