Mobile Remittance

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How digital financial services will boost growth in emerging economies

23 Sep 16 @ 08:38

Delivering digital financial services by mobile phone could benefit billions of people by spurring inclusive growth that adds $3.7 trillion to the GDP of emerging economies within a decade. Two... read more

SA telco MTN scraps mobile money business

16 Sep 16 @ 14:42

Proving the difficulties that many MNO’s are having in providing financial services, MTN has pulled the plug on its South African mobile money business, saying it was not viable in... read more

Messaging meets open global social payments on iOS 10

14 Sep 16 @ 14:38

Circle for iMessage, which enables anyone using iOS 10 to send and receive social payments without fees to anyone in the world directly within Apple’s iMessage launched today. Customers can... read more

Visa mobile money service to compete with M-Pesa

14 Sep 16 @ 13:49

Visa will introduced a mobile money service to enable cashless transactions in Kenya, where the majority of wireless payments are transacted through Safaricoms M-Pesa. The mVisa app will initially facilitate... read more

Why Nigeria suspended international money transfer operators

05 Aug 16 @ 10:05

Following several reports in the media regarding the suspension of international money transfers, the Central bank of Nigeria has advised Nigerians at home and in the Diaspora to beware of... read more

Early Warning expands reach of clearXchange with Visa and Mastercard

02 Aug 16 @ 16:25

Early Warning, a real-time payments provider, has signed an agreement with Visa to enable person-to-person (P2P) payments on its clearXchange network using US-issued debit cards through the Visa Direct platform, it will... read more

Rise in global mobile financial services

15 Jul 16 @ 11:07

Mobile financial services has immense potential to grow the reach of financial services and increase the convenience and ease of use for customers around the world, particularly in emerging markets.... read more

FCA probe P2P lending sector

12 Jul 16 @ 10:24

The Financial Conduct Authority is reportedly probing the £2.7bn P2P lending sector for the second time in two years, following widespread calls for tougher regulation of so-called “alternative finance” providers. On Friday,... read more

SWIFT signs global banking payments initiative

28 Jun 16 @ 16:20

SWIFT says that 73 banks worldwide have now joined its global payments initiative, designed to improve the cross-border payments experience. Recent banks to join the initiative include, Alfa-Bank, Axis Bank, Banco... read more

Sharing economy businesses held back by identity & trust fears

02 Jun 16 @ 11:15

Businesses operating in the sharing economy are being held back by consumer fears over trust in the identity of the other party in the transaction, according to a new report... read more

PayPal forced to shut down service In Turkey

31 May 16 @ 15:27

PayPal has been forced to shut down its services in Turkey because the company could not get the necessary license from the local authorities. The news about PayPal no longer being... read more

Swift hack probe expands – North Korea blamed

27 May 16 @ 13:26

Investigators are examining possible computer breaches at as many as 12 banks linked to Swift’s global payments network that have irregularities similar to those in the theft of $81 million... read more

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Mastercard and BVNK Launch Platform Linking Fiat and Stablecoin Payments

20 Oct 26 @ 09:06

Mastercard has launched a new platform with BVNK that brings fiat currencies and stablecoins together through a single API, marking the first major integration ... more

Starling Builds UK-Sovereign AI Model With Nvidia and Civo

15 Oct 26 @ 19:41

Starling is developing a transactional foundation model with Nvidia that will be trained and hosted entirely within a UK sovereign cloud, as the digital bank lo... more

UK Moves to Open iPhone Contactless Payments to Apple Pay Rivals

22 Oct 26 @ 18:16

The UK’s competition regulator has set out proposals that could significantly widen access to contactless payments on Apple’s iPhone, potentially lowering b... more