Skip to content
Mobile Remittance RSS
Death of pocket money – parents pay digitally
Traditional cash pocket money is dying out as increasing numbers of parents are paying their children’s pocket money digitally, according to new research from Intelligent Environments. However, in spite of an increasingly digitally-native generation of youngsters, only two UK high street banks cater for children under the age of 11. An online poll of 2,000 [...]
The post Death of pocket money – parents pay digitally appeared first on Payments Cards & Mobile.
PayPal shares jump on eBay split – company valued at $50bn
PayPal shares are up 5% in its first day as a separate and publicly traded company. The payments system company officially split with eBay on Friday, 10 months after they announced that they were going their separate ways. PayPal processed $235 billion in total payment volume last year and logged revenue of about $8 billion. [...]
The post PayPal shares jump on eBay split – company valued at $50bn appeared first on Payments Cards & Mobile.
First bank deposit network for receipt of payments across 23 African nations
Transfast, a little known provider of online, cross-border p2p payments solutions, has announced the launch of its proprietary bank deposit network into 23 African nations – the most extensive of its kind on the continent. Transfast’s bank deposit network enables people in the US and Canada, and soon from the UK and EU, to send [...]
The post First bank deposit network for receipt of payments across 23 African nations appeared first on Payments Cards & Mobile.
Nigerian mobile money transactions hit $3.5 billion
Nigeria has recorded a total transaction of N700 billion, about $3.5 billion, through the mobile money banking system since 2012, according to the Central Bank of Nigeria (CBN). The Director, Banking and Payment Systems Department, CBN, Dipo Fatokun, made the statement in a presentation at a workshop on Mobile Money and Emerging Payment System master [...]
The post Nigerian mobile money transactions hit $3.5 billion appeared first on Payments Cards & Mobile.
PayPal fined £5.2m over failure to block malicious users
In an embarrassing moment, PayPal has been forced to pay a £5.2 million ($7.7 million) settlement over alleged sanctions violations including allegations that it processed payments for a man involved in the black market for nuclear weapons technology. PayPal, which is owned by eBay, is alleged to have facilitated thousands of pounds worth of transactions involving [...]
The post PayPal fined £5.2m over failure to block malicious users appeared first on Payments Cards & Mobile.
