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Mobile Remittance RSS
Vodacom reviewing poor M-Pesa business
Vodacom South Africa reportedly considering various options for its sluggish mobile money transfer service M-Pesa. In 2010, Vodacom launched M-Pesa in South Africa and the company set a target of reaching 10 million local users. Vodacom then relaunched the service in August 2014 in a bid to spur interest in the product. The M-Pesa relaunch [...]
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US banks switch on real-time mobile P2P
Two of the US’s biggest banks, US Bank and Bank of America are to offer real-time, mobile P2P money transfers to consumer mobile phones over the clearXchange network. ClearXchange, operated by the bank-backed Early Warning consortium, acts as a clearing house for person- to-person online payments transfer, enabling customers to send funds directly from their bank [...]
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130 million active mobile money users recorded globally in 2015
The GSMA has announced that the number of active mobile money accounts worldwide now exceeded 130 million, with more than 100 million new registered users added in 2015. According to the latest report on the state of financial services worldwide, there were 1 billion mobile money transactions in December 2015 at around 33 million per day [...]
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Live @ MWC: Homesend platform extends reach
PCM interviews Stephen Doyle, CEO of Homesend to discuss what going on in the remittance market.
The post Live @ MWC: Homesend platform extends reach appeared first on Payments Cards & Mobile.
Live @ MWC: GCash upgrades mobile money with Amdocs
Globe Telecom is upgrading its GCash service to address new requirements, including bulk payment services for salaries and government disbursements. “GCash has come a long way in solving financial inclusion challenges in the Philippines,” said Albert Tinio, GXI chief executive officer. G-Xchange Inc (GXI) is the wholly-owned subsidiary of Globe, which will upgrade its money [...]
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