Mobile Remittance RSS
Peruvian banks and telcos launch domestic mobile money network
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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Vodafone and TransferTo partner on M-Pesa
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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NTT DOCOMO launch DOCOMO Digital to drive mobile commerce
Japan’s largest mobile network operator, NTT DOCOMO, has set up DOCOMO Digital in London as a new global business operation to advanced the mobile commerce ecosystem and encourage financial inclusion for citizens worldwide by bringing together mobile network operators, digital and real-world merchants, financial services providers, regulators and other parties to make consumer transactions convenient, [...]
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Stellar launches instant money transfer service in Nigeria
Stellar.org, a non-profit startup foundation that supports a universal financial platform, has been a part of the Fast Forward accelerator, which is funded in part by Google and BlackRock. The instant money transfer service that will allow mostly rural woman in Nigeria to transfer money to each other launched last week using an innovative new financial system. Stellar is [...]
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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
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