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Peru has launched a domestic mobile money network, with the aim of drawing five million of the country’s unbanked into the formal banking system. Dubbed ‘BIM’, the low-tech mobile money programme has been launched by Peru Digital Payments, a $10 million special-purpose company created by 34 of the country’s leading banks, with the support of major [...]

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TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide. Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real time. TransferTo’s Mobile Money [...]

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