Mobile Remittance

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Report: The future of US mobile payments

11 Jun 19 @ 14:24

The future of mobile payments, both in the US and around the world, will likely be determined by the success of the OEM Pay wallets. Data from Juniper Research indicates... read more

International digital remittances to reach $525 billion by 2024

11 Jun 19 @ 09:20

New data has found that international digital remittances will reach $525 billion by 2024, up from an estimated $332 in 2019. According to Juniper Research, the mobile channel will become... read more

Facebook to launch cryptocurrency Libra in June

10 Jun 19 @ 09:06

Facebook says it will launch its cryptocurrency codenamed Libra, currently scheduled for a June 18th release according to TechCrunch which reported multiple investors briefed on the project by Facebook were told... read more

Money 2020: Visa and Western Union partner on global payments

05 Jun 19 @ 13:37

Visa has announced a new strategic agreement with Western Union to implement Visa Direct, Visa’s real-time[1] push payments platform in an effort to bring speed and transparency to the process... read more

Study: 1 in 10 banks will disappear over the next 5 years

21 May 19 @ 11:09

A ten-year study has found that the profit of European retail banks/divisions is at an all-time high, driven by a positive economic environment and lower risks (risk costs relative to... read more

SWIFT trials instant cross-border gpi payments through TIPS

21 May 19 @ 08:25

SWIFT says that a group of banks are to trial instant gpi cross-border payments in Europe using the TARGET Instant Payments Settlement (TIPS) platform. The European Central Bank (ECB) and... read more

Alipay continues mobile payments expansion with 300,000 merchants in Japan

20 May 19 @ 16:48

Alipay, the mobile payments arm of Alibaba Group has signed up more than 300,000 retailers in Japan to its m-payments service to serve the growing number of Chinese tourists to... read more

Visa acquires control of Earthport

13 May 19 @ 08:19

Visa announced it has finally acquired control of Earthport, a company that provides cross-border payment services to banks, money transfer service providers and businesses via the world’s largest independent ACH... read more

Saudi Arabia’s SAMA to launch faster payments system

29 Apr 19 @ 11:17

The Saudi Arabian Monetary Authority (SAMA), represented by Saudi Payments, has entered into agreement with Vocalink & IBM to develop the new faster payments system planned for launch at the... read more

IBM launches global payments network based on blockchain

25 Mar 19 @ 09:29

IBM has created a real-time, global payments network to support cross-border transactions and foreign exchange in more than 50 countries using cryptocurrencies or “stable coins.” IBM Blockchain World Wire will... read more

Mastercard ditches Earthport bid in favour of Transfast acquisition

11 Mar 19 @ 08:49

Mastercard dropped out of the competitive bidding with rival Visa for Earthport and announced it has entered into an agreement to acquire Transfast, a competitor account-to-account money transfer network. Transfast... read more

Mobile World Congress 2019: The payments perspective

07 Mar 19 @ 09:47

For anyone attending Mobile World Congress last week, they have no doubt gone to bed dreaming of 5G networks and foldable smartphones. But dig a little deeper, and there was... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Bank of England Warns DLT Complexity in Settlements

18 May 26 @ 17:07

The Bank of England has found that distributed ledger technology could improve aspects of wholesale payments and settlement, but only at the cost of significant... more

E-commerce payments enter the age of managed complexity

11 May 26 @ 19:54

The global e-commerce payments market is no longer simply a story of digital adoption. It is becoming a test of operational control. [caption id="attachmen... more