News about Remittance.
February 14th, 2017
PARTNER NEWS: Mahindra Comviva has won an Aegis Graham Bell award for TerraPay, an international payment network that offers wholesale remittance services to mobile wallet providers. TerraPay connects all payment service providers “in a single global clearing and settlement network” to enable cross-border funds transfers “from any instrument and to any instrument, all identified by the individual’s mobile number,” the company says. Mahindra Comviva was also awarded for its Radar and Mobiquity Wallet platforms.
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.
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.
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…
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…
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”.
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.
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.
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.”
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…