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India’s mobile operators dial migrants to power money transfers
Money transfer through mobile phones is slowly becoming popular with the country's top two operators — Bharti Airtel and Vodafone — together having notched up more than 2 million subscribers. Business is slowly gaining traction, say industry watchers, with the subscriber base growing at close to 15% growth month-on-month. Idea Cellular has made a start and Reliance Communications has just won a licence to offer money transfer services.
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- Technology
- Tags
- digital payments, migrants
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In Zimbabwe, Econet and Western Union to integrate money transfer systems
ECONET Wireless has entered into a commercial arrangement with global money transfer agency Western Union that will enable people to send money from abroad to account holders of its mobile money transfer platform EcoCash. This means EcoCash account holders will not need to physically visit Western Union branches to receive money sent through the money transfer agency.
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- Uncategorized
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Why are Africans Getting Ripped off on Remittances?
Four factors combine to drive up charges. The first is limited competition.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Technology Exists to Lower Kenya’s Money Transfer Costs
Kenyans living abroad could soon send money back to their families and friends in the country at lower costs.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Vodafone’s mobile wallet service M-Pesa in Kerala
Vodafone India and ICICI Bank today announced the launch of 'M-Pesa', a mobile money transfer and payment service, in Kerala. 'M-Pesa' is the trademark of Vodafone. The service was formally launched today by Suresh Kumar, operations director - south; S Murali, Business head - Kerala and Suresh Sethi, business head of M-Pesa.
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Facebook faces multiple barriers to success in mobile payments
Facebook is a digital landscape filled with memes, selfies and cat pictures. The social media behemoth does not conjure up visions of a vibrant payments ecosystem, though, especially with its past failures. But that might be about to change.
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Africa’s Tech Edge
How the continent's many obstacles, from widespread poverty to failed states, allowed African entrepreneurs to beat the West at reinventing money for the mobile age.
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- Technology
- Tags
- digital payments
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Report: Global mobile payments to rise 40% this year
A new report from Juniper Research has found that the value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40% year-on-year.
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