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Until now mobile payment services have been successful predominantly in countries where mobile penetration outstrips traditional banking services. In developed markets, the challenge had been about building consumer trust. Now, issues such as security, regulation and quality of service are dominating peoples’ minds. Once these issues are effectively addressed (using SMS as the most reliable [...]

The post Essar Telecom Kenya launch MMT service appeared first on Payments Cards & Mobile.

Essar Telecom Kenya which operates under the brand ‘yu’, has tied up with Obopay for a mobile money transfer service. Called ‘yuCash by Obopay’, the service has Equity Bank as its banking partner.  Jayant Khosla, CEO-Africa for Essar Group says that they intend to ensure that the same platform will be utilized across Africa. The companies [...]

The post Etisalat launch remittance services to India appeared first on Payments Cards & Mobile.

Etisalat has announced a partnership with Citibank allowing Indian expatriates living in the UAE to send money home using their mobile phone – The National reports. The UAE telecom provider has set up the programme and plans to expand the service to Bangladesh, Pakistan and Egypt in the coming months, the newspaper says, citing Essa al [...]

The post First two banks go live with POPmoney P2P service appeared first on Payments Cards & Mobile.

CashEdge has announced that two US banks are the first in the nation to launch POPmoney (MPW 133, 138), its new email and mobile person-to-person (P2P) payments service that is offered through banks. According to the company, "five additional financial institutions have signed on to launch the service in early 2010, demonstrating strong momentum for [...]

The post Maroc Telecom launches MMT service appeared first on Payments Cards & Mobile.

Maroc telecom has launched Mobicash, Morocco’s first trials of mobile debit payment service. This first service of money transfer and payment by phone has been the object of an agreement signed between Morocco Telecom operators and Attijariwafa bank and the Central “Banque Populaire” – writes Emmanuel Okoegwale. MobiCash is a complete mobile payment platform that [...]

The post Mobile Money in 2010 appeared first on Payments Cards & Mobile.