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    Money transfer

    News about Money transfer.

    Orange to launch mobile-only bank with NFC payments and AI

    April 21st, 2017

    Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. More

    Facebook Messenger adds group payments in the US

    April 12th, 2017

    Facebook Messenger users across the US can now send and receive money between groups of people in a Messenger conversation by selecting the payments icon and then choosing who to send or request money from using a list of conversation participants. More

    Facebook Messenger adds payment prompts using artificial intelligence

    April 10th, 2017

    Facebook Messenger users across the US are now being prompted to send and request money transfers by an artificial intelligence-based feature that detects when a payment is being discussed in a conversation on the social media platform and responds with a suggestion designed to help the user complete that payment. More

    UAE residents to use NFC for ‘a wide range’ of mobile payments services

    April 10th, 2017

    Consumers across the United Arab Emirates will soon be able to make payments across a “variety of services” using their mobile phone and Empay, a common mobile payment platform based on NFC. The solution forms part of Dubai’s Smart Government Initiative which aims to transform Dubai into the world’s smartest city. More

    Westpac launches payments keyboard for chat apps

    March 22nd, 2017

    Customers of Australian bank Westpac will soon be able to use an innovative replacement for the default keyboard found in social messaging apps such as Facebook Messenger and WhatsApp to make P2P money transfers to friends, family and businesses as well as send cardless cash codes to recipients for ATM withdrawals. More

    Samsung Pay goes live across India with support for Paytm and UPI money transfers

    March 22nd, 2017

    Samsung Pay has launched in India with support from Visa, Mastercard, American Express, Axis Bank, HDFC Bank, ICICI Bank, SBI Cards and Standard Chartered Bank, with Citibank India support expected “shortly”. The service has also integrated India’s leading mobile wallet Paytm and comes with support for peer-to-peer money transfers through the Indian government’s Unified Payments Interface platform. More

    India opens way for direct mobile wallet transfers?

    March 16th, 2017

    Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers. “RBI is expected to issue guidelines shortly on interoperability and know your customer (KYC) norms for digital wallet companies,” sources told Economic Times. “RBI will also decide on the interchange fees between the wallets for them to be able to access the UPI framework.”

    Gmail offers Android app money transfer

    March 15th, 2017

    Gmail users in the US can now send and receive money through the email service’s Android mobile app. “Just tap on the attachment icon and choose whether you want to send or request money,” Google says. “Recipients are able to receive or request money right from the email itself — without having to install another payment app.” The service is already available in the US and UK in Gmail’s web-based client.

    Royal Bank of Canada adds Siri money transfers

    March 9th, 2017

    Customers of Royal Bank of Canada (RBC) can now send money using Apple’s Siri voice assistant using the latest version of the RBC Mobile iOS app. “Once you give the voice command, the Siri feature will confirm the name from your payee list and the RBC Mobile app automatically debits your chequing account and sends the payment,” the bank says.

    Wearable payments platform to be tested on three continents

    March 9th, 2017

    A digital cash service allowing consumers — including those without bank accounts — to load money onto a range of wearable items and make contactless payments in retail outlets will roll out across “eight or… More

    Singapore to add open APIs to government IDs

    March 7th, 2017

    The Singapore government is to add open APIs, biometrics and encryption to its digital identity system, as well as launch a mobile P2P service to allow money transfers using mobile phone numbers. “Open APIs would allow others, including the private sector, to incorporate the digital identity features into their services,” GovInsider reports. “This means that the ID could potentially be used to access internet banking and other services.”

    EcoCash and Mahindra win GSMA best mobile payments solution award

    February 28th, 2017

    PARTNER NEWS: Zimbabwean mobile payments service EcoCash, powered by Mahindra Comviva’s Mobiquity Money platform, has been named Best Mobile Payment Solution at the Mobile World Congress Glomo Awards. The service is deployed by Zimbabwe-based mobile network operator Econet Wireless and includes support for NFC mobile payments. A video produced by Mahindra shows how the service works.

    More than 500m people now have a mobile money account

    February 28th, 2017

    Over half a billion mobile money accounts have been registered in 92 countries, with 1.3bn transactions processed in December 2016 alone, research from GSMA reveals. In its sixth ‘State of the Industry Report on Mobile… More

    India Post to enable Aadhaar money transfers

    February 24th, 2017

    India Post is to allow consumers to send and receive money using only their Aadhaar number from September 2017, when the government-operated postal system launches its own payments bank. “We will bring out a solution to make Aadhaar a payment address,” IndiaPost CEO AP Singh told The Economic Times. “People who already have an Aadhaar should be able to receive payment from any source.”

    US banks launch money-transfer app

    February 23rd, 2017

    Nineteen US banks have launched Zelle, the mobile P2P money transfer service unveiled last October to compete with the likes of Venmo, allowing users to send money directly to each other’s bank accounts within minutes. Bank of America says it is the first to incorporate Zelle into its own app, with a standalone Zelle app available later this year for anyone with a debit card.

    Kenyan banks roll out PesaLink real-time direct P2P mobile payments

    February 17th, 2017

    Kenya’s new digital payments platform PesaLink, that will enable consumers to make real-time mobile person-to-person (P2P) payments from US$0.10 up to US$9,650 at any time without having to go through intermediaries, is “expected to cut… More

    Russian mobile network MTS launches first phase of Money Wallet payments, transfer and loyalty service

    February 17th, 2017

    Russian mobile network operator MTS has launched MTS Money Wallet, an online payments and money transfer service that incorporates loyalty points, offers and discounts, and is to be expanded to transport and in-store payments via… More

    Paytm expects up to 30% fall in offline customers

    February 17th, 2017

    Indian mobile wallet Paytm “expects to lose 20-30%” of customers making offline payments using QR codes, OTP or mobile-to-mobile transfers when the Reserve Bank of India removes cash withdrawal limits on March 13, The Financial Express reports. “We [will] still have a larger offline than online category, and that’s where the business is for us,” says Paytm founder Vijay Shekhar Sharma.

    Turkish bank adds iMessage payments

    February 14th, 2017

    Customers of Isbank in Turkey can now send and receive money using Apple’s iMessage. The service has been added to the bank’s IsCep mobile banking app and is available for those with iPhones running on iOS 10. Money transfers of up to TRY 300 (US$81) can be sent with the service.

    More than 150,000 Kenyan merchants to get mobile payments with Masterpass QR

    February 14th, 2017

    More than 150,000 micro, small and medium enterprises (MSMEs) in Kenya will be able to accept in-store mobile payments using QR code technology in 2017, using Mastercard’s Masterpass QR platform. The service is set to… More

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