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Western Union and Viber to provide cross-border money transfer
Western Union and Viber, a mobile messaging app with 664 million unique users worldwide, have announced an agreement to offer cross-border money transfer
The post Western Union and Viber to provide cross-border money transfer appeared first on Payments Cards & Mobile.
Number of UK e-money providers more than doubles over two years
There has been a sharp rise in the number of e-money providers registered with the Financial Conduct Authority (FCA) over the last two years, with 79 now authorised in total, more than double the 38 authorised in 2013, according to Bovill, a financial services regulatory consultancy. E- money providers are part of a wave of new [...]
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2015 in Review: The year that FinTech hit form
What a difference twelve months can make. Industry conversations at 2014’s Mobey Day, (Mobey Forum’s annual open conference for all mobile money stakeholders) told of an industry undergoing major FinTech disruption. Just twelve months later toward the end of 2015, the industry vibe had changed almost beyond recognition, particularly in the mobile payments arena. Consternation, [...]
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ECB plans new system for bank transfers
The European Central Bank is working on a new plan for bank transfers, allowing consumers to transfer money using their phone numbers or email addresses rather than a complicated bank account number, a senior bank official said. In an interview with RTL Nieuws broadcast on Monday, ECB executive board member Yves Mersch said the system would [...]
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The changing payments landscape
It was only a few years ago that banks owned the financial sector – the only way to pay, transfer and save money was via a traditional bank. The supremacy of the banks was maintained principally due to the fact the industry was highly regulated and therefore an exclusive club of licence holders. As such, [...]
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