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Mobile money transfers double
New research from remittance specialist Azimo, demonstrates that the percentage of money transfers sent from mobile phones has more than doubled in the 12 months to January 2015. Azimo’s research found that almost one in 10 people between the ages of 18 and 24 have sent money via a mobile phone. Just one in 200 people over [...]
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Digital tipping point: Banks must focus on innovation to harness opportunities
A major new report sets out key recommendations for the banking industry and urges regulators to give consumers certainty that their money is equally well-protected wherever they choose to bank. Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a new report [...]
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More than half of global professionals use their mobile phones for payments
In a recent survey of over 300 global business professionals by Timetric, respondents were asked if they use mobile phones for payments and if it is set to change over the next six months. More than half of the respondents (52%) indicated they use their mobile phones for payments, with business professionals in Asia-Pacific (58%) [...]
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Xiaomi offers interest bearing mobile wallet
Chinese smartphone maker Xiaomi is the latest tech company to cross over into financial services by offering an interest bearing mobile wallet. Xiaomi began public beta testing Tuesday of an online money-market fund that lets users earn interest on money saved in Xiaomi’s wallet app, a spokeswoman said. It marks another sign of Xiaomi’s ambitions [...]
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