Mobile Remittance

26 May 16 @ 11:51

South Africa’s largest mobile operator Vodacom recently announced it will be scrapping its M-Pesa mobile money transfer system in Africa’s second-biggest economy. For many pundits the move comes as a... read more

19 May 16 @ 11:24

Consumer-facing technology brands have done much to reset customer expectations around speed, but also convenience, value and choice. Consumers can send and receive e-mail across the globe almost instantly. They... read more

11 May 16 @ 16:50

JETCO, a bank consortium chartered to develop innovative and secure financial technology services for over 30 member banks in Hong Kong and Macau is set to roll out P2P mobile... read more

11 May 16 @ 13:51

Seamless has been granted authorization by Sweden’s financial supervisory authority, Finansinspektionen, to issue electronic money. This means that SEQR users can send and receive money, worldwide, in real time. Under... read more

10 May 16 @ 10:29

The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($149,012,250... read more

03 May 16 @ 13:20

PayPal’s P2P payment service Venmo is under investigation by the Federal Trade Commission. PayPal has acknowledged the situation in an SEC filing: “On March 28th, 2016, we received a Civil Investigative Demand (CID)... read more

20 Apr 16 @ 10:49

Alternative payments are gaining traction in South Africa, with banks and payment companies introducing new solutions. Recent initiatives include the launch of MasterPass, Zapper, FlickPay and SnapScan. The MasterPass digital... read more

11 Apr 16 @ 15:12

A project from National Payments Corporation of India (NPCI), The Unified Payments Interface (UPI), goes live today, April 11. UPI is expected to bring about a significant shift in the way... read more

11 Apr 16 @ 13:11

Saxo Payments launched a white paper revealing the results of exclusive research into the cross border payments industry. Those surveyed included issuers, acquirers and PSPs as well as merchants, for... read more

18 Mar 16 @ 10:07

Chase Bank Kenya, an innovative and fast-growing bank with an ambitious strategy across Africa, has successfully migrated its full card portfolio to the OpenWay WAY4 payment software platform from Electra... read more

17 Mar 16 @ 11:57

Vodacom South Africa reportedly considering various options for its sluggish mobile money transfer service M-Pesa. In 2010, Vodacom launched M-Pesa in South Africa and the company set a target of... read more

09 Mar 16 @ 09:17

Two of the US’s biggest banks, US Bank and Bank of America are to offer real-time, mobile P2P money transfers to consumer mobile phones over the clearXchange network. ClearXchange, operated by... read more