Skip to content
Mobile Money RSS
WorldRemit partners Android Pay for mobile money P2P transfers
WorldRemit has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay users to send money internationally and reach millions using mobile money accounts. Launching the global rollout of the mobile-first approach to the $600bn a year remittance industry, WorldRemit will enable Android Pay users to safely and securely send mobile money to [...]
The post WorldRemit partners Android Pay for mobile money P2P transfers appeared first on Payments Cards & Mobile.
M-Pesa continues dominant position in Kenyan mobile money market
Despite increased competition, M-Pesa is maintaining a large lead the Kenyan market, according to official statistics.Over KES1 trillion ($10 billion) of mobile money deposits and withdrawals took place in Kenya between July and September 2016. The Kenyan government’s latest quarterly update on the communications sector showed there were 31 million subscriptions across the country’s competing [...]
The post M-Pesa continues dominant position in Kenyan mobile money market appeared first on Payments Cards & Mobile.
Mobile money for the unbanked – Avoiding common industry pitfalls
A new Roland Berger study, entitled Mobile Money for the unbanked – Avoiding common industry pitfalls, highlights the challenges of creating a Mobile Money operating arm, cautions operators that success isn’t guaranteed despite potentially high demand, and provided actionable recommendations. As part of the research more than 20 operators across Africa and Asia were analyzed. [...]
The post Mobile money for the unbanked – Avoiding common industry pitfalls appeared first on Payments Cards & Mobile.
GSMA mobile money report shows half a billion accounts worldwide
The GSMA unveiled its sixth ‘State of the Industry Report on Mobile Money’, offering a current snapshot of the mobile money landscape and highlighting the impact of mobile money on lives, economies and innovation over the past 10 years. The report provides the only comprehensive picture of mobile money around the globe. This edition looks [...]
The post GSMA mobile money report shows half a billion accounts worldwide appeared first on Payments Cards & Mobile.
SA telco MTN scraps mobile money business
Proving the difficulties that many MNO’s are having in providing financial services, MTN has pulled the plug on its South African mobile money business, saying it was not viable in a country where around three quarters of the population already has a bank account. Mobile money services have proved hugely popular in some other parts [...]
The post SA telco MTN scraps mobile money business appeared first on Payments Cards & Mobile.
