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Myanmar gets first national mobile money service
Myanmar Mobile Money has launched a range of services including P2P funds transfer via mobile phones as it seeks to exploit what is a prime market with an underdeveloped financial sector.
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- Uncategorized
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More mobile money choices for Zimbabweans
Competition is heating up in Zimbabwe’s mobile money space as telecom firms look to outwit each other in order to cash in.
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Did T-Mobile just pull an Android on U.S. banks?
Operators have been trying for ages to launch mobile banking schemes hoping to create new revenue opportunities for themselves. T-Mobile’s latest attempt, dubbed Mobile Money, offers a refreshing new perspective on the space. Drawing on the playbook of innovators like Google and Amazon, T-Mobile uses two strategies that are indeed quite un-carrier-like.
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- Technology
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Quickteller supports cardless withdrawals for Nigerian mobile money users
Mobile money users in Nigeria can now make cash withdrawals from ATMs without a bank account or card, according to Interswitch Transnational, due to the ability of its Quickteller to power cardless ATM withdrawals.
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Nigeria: Partnership to Spur Local Mobile Money Growth
A joint statement by both companies said CWG would now power the MTN mobile commerce platform, which is designed mainly for small scale financial institutions.
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- Uncategorized
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- Sub-Saharan Africa
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Starved of cash, half of India awaits a mobile money revolution
A service like Vodafone's M-Pesa could transform lives for India's unbanked.
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- Uncategorized
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- South Asia
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Fraud targeting mobile money agents in Kenya rises as use of service grows
The fight to eliminate mobile money fraud in Kenya is far from being won as fraudsters devise new schemes targeting agents and subscribers.
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- Sub-Saharan Africa
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A Mixed Bag in Kenya: Safaricom’s products have moved far beyond M-PESA – but are they reaching the poor?
With amounts equivalent to over 40 percent of Kenya’s GDP flowing through M-PESA, Safaricom’s success in person-to-person mobile money transfers is legendary. And over the last two years, the telco has added innovative financial services beyond basic P2P transfers that have reached millions of customers. But research from InterMedia suggests that these products aren’t yet being adopted by the groups that need them most.
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- Education