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    Remittance

    News about Remittance.

    M-Pesa and MTN Mobile Money join up

    April 24th, 2015

    Users of Vodafone’s M-Pesa and MTN Group’s MTN Mobile Money services in east Africa will soon be able to transfer money to each other following an agreement between the region’s two biggest mobile network operators. MTN and Vodafone will interconnect their mobile money services to “enable convenient and affordable international remittances”. They will also share best practices and work together to define the rules and standards of mobile-based remittances in Africa, the companies say.

    MoneyGram offers cash transfers via Facebook

    May 8th, 2014

    Money transfer service provider MoneyGram has partnered with PicomoPay to enable US consumers to send funds to any of MoneyGram’s 336,000 agents around the world from the social payments provider’s Facebook application. “We are giving our consumers innovative options to send money for life’s essentials, however they want, wherever they want, whenever they want,” says MoneyGram’s Alex Hoffmann.

    Gartner cuts NFC mobile payments forecast by 40%

    June 5th, 2013

    Worldwide mobile payment transaction values will reach US$235.4bn in 2013, a 44% increase on 2012’s $163.1bn, according to a new forecast from Gartner — but NFC transactions will account for a smaller than expected proportion… More

    Ara eTap to offer NFC payments in India

    July 2nd, 2012

    Chennai, India-based technology provider Yeldi Softcom has launched Ara eTap, an NFC sticker-based mobile payments service. Consumers who sign up for the service will be provided with an NFC sticker to attach to their mobile phones… More

    Welsh village picked for O2 Wallet payments demo

    June 18th, 2012

    The village of Rhiwbina, where the 11,000 locals have been without access to a cash machine for the last two years, has been picked as the demo site for O2’s new mobile wallet service, which supports mobile remittances, price comparisons, offers and mobile commerce today and is due to include NFC “in time”. More

    Gartner predicts 448m mobile payments users in 2016

    May 30th, 2012

    Global mobile payment transaction values are set to grow by 42% a year, say the analysts, but the market will be fragmented over the next two years and NFC payments won’t hit the mass market until 2015. More

    Tonga gets commercial NFC payments service

    May 14th, 2012

    The tiny pacific island nation has become one of the first countries in the world to get a commercial NFC service with the launch of ‘Beep and Go’, a service introduced by local carrier Digicel that works in conjunction with NFC phones and stickers as well as the carrier’s existing Mobile Money remittance service and Verifone’s mWallet technology. More

    Beeline and Alfa-Bank launch Russian mobile payments brand

    June 24th, 2011

    The Russian bank and mobile network operator have created a new payments system called RuRu that will begin with mobile and ecommerce, P2P transfers and mobile remittances. NFC services will follow “in the near future.” More

    700m to use mobile money in emerging markets by 2015

    June 6th, 2011

    More than 700 million people in emerging markets around the world will be using mobile money services in 2015, new research from Berg Insight suggests, as the market grows 40% a year from 2010’s 133m… More