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OPINION: Mobile and Money Remittance – A Perfect Match
Mobile makes money transfers faster and more convenient and it has the potential to reduce bottlenecks in branches.
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The Most Dangerous Man in Bitcoin Isn’t a Criminal
Preet Bharara tells the hotel ballroom full of bankers. "I could either come around, or you could just form a single-file line."
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Japan considers Bitcoin tax after Mt. Gox failure
Japan is looking at ways to tax Bitcoin transactions, a report said Tuesday, in the wake of the spectacular failure of the Tokyo-based Mt. Gox exchange after a half-billion-dollar theft.
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- Technology
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What if America’s unbanked had mobile wallets?
Delivering financial services to the world's unbanked masses is not a topic that usually includes a developed economy like the United States. That's because Africa is the global leader in this area. Its mobile network operators are boosting their bottom lines and raising standards of living by offering mobile wallets to the unbanked -- making it possible to conduct a variety of transactions from person-to-person money transfers to bill payments and point-of-sale purchases.
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Bank in Chile launches app that lets people transfer money using Facebook
The Chilean unit of Spanish bank BBVA is launching a service that lets people transfer money using Facebook. The service begins March 3 and the bank says it's the first of its kind in Latin America.
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Mt.Gox Files For Bankruptcy Protection, Says 850,000 Bitcoin Lost
Mt.Gox has filed for bankruptcy protection and has outstanding debt of about $63.6 million, a lawyer for the Bitcoin exchange said today during a press conference at the Tokyo District Court, reports the WSJ.
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- digital payments
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U.S. Senator calls for a Bitcoin ban as regulators seek ‘accelerated push’
The implosion of a once-popular Bitcoin exchange has some lawmakers calling for a ban on the virtual currency.
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Banks lose out as M-Pesa goes global with MoneyGram deal
Safaricom’s push to take its mobile money transfer business global has received another boost with the signing of a deal that will see users of MoneyGram send cash directly to M-Pesa customers from any part of the world.
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