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Cardless cash money transfer at ATM now available
Moldindconbank, one of Moldova’s largest and most innovative banks, has launched a cardless, cash money transfer service. The service, developed by OpenWay, makes it possible to receive a cash money transfer at ATMs without the need for a plastic card. Moldinconbank is Moldova’s best bank according to the American magazine Global Finance in 2015. Moldindconbank [...]
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Banks launch SEPA-based mobile P2P payments service
The four leading Luxembourg retail banks and Digicash Payments have launched a P2P payments feature called Digicash TRANSFER. Users can send up to €10,000 to a recipient’s mobile phone number, using secure SEPA credit transfers as the underlying payment channel. For Luxembourg bank clients, transferring money is now as easy as sending a text message. The [...]
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Dwolla starts white-label service
Dwolla has launched a “white-label” payments processing service, meaning other businesses and banks can sign on to use Dwolla’s money-transfer system, but won’t have to put Dwolla’s label on it. Dwolla CEO Ben Milne said the white-label service is intended for companies that want to use the money-transfer system Dwolla has built without having to ask others to sign [...]
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Safaricom closes loophole in M-Pesa
Safaricom has introduced new charges for the transfer of funds from customers’ bank accounts to third-party M-Pesa wallets – sealing a loophole that lenders have been using to by-pass Safaricom when sending money. The telco said the Central Bank of Kenya (CBK) had approved the charges, effective on December 1. The announcement comes against the backdrop of a social [...]
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BlackBerry and PayPal team up for P2P payments
BlackBerry has teamed up with e-commerce giant PayPal for a trial that lets BBM users in Canada send and receive money through its messaging service. Upon connecting their PayPal account, BBM users can send money to friends and family within a chat by selecting a PayPal icon and entering the amount. The external beta trial [...]
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