News about SMS.
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.
March 15th, 2017
PARTNER NEWS: A service to improve women’s safety, by allowing them to recharge their prepaid mobile account at any retail outlet with a private code generated by SMS rather than their phone number, will roll out across India later this month. The Private Recharge service from mobile financial solutions firm Mahindra Comviva and wireless operator Idea Cellular aims to address “security concerns of women customers”.
March 15th, 2017
A group of Capital One customers have begun piloting Eno, a chatbot that uses artificial intelligence to answer requests for account information and to pay bills via SMS and emojis. “You can get a quick update on your accounts by texting Eno things like ‘what’s my balance’ or ‘how much credit do I have’,” the bank says. “You can also pay your credit card bill by texting ‘pay my bill’.”
February 23rd, 2017
Global consumers are “more concerned” with protecting their financial and payments information on a computer than protecting the same data in a mobile wallet, ACI Worldwide and Aite Group research reveals, with more than 80% believing their mobile wallet data is secure. 75% of the 6,000 consumers across 20 countries surveyed are “very interested” in receiving a call or SMS to help mitigate fraud.
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…
February 14th, 2017
Nearly half of mobile users in the US and UK (49%) say they would like more conversational chatbot and/or SMS messaging options with brands, research released by OpenMarket says. “Chatbots are more than a short-lived fad,” says the company’s Jay Emmet. “They are an untapped mobile engagement solution that consumers and businesses could benefit from both from a convenience and financial perspective.”
January 27th, 2017
Social media giant Facebook has added the Fido Alliance’s Universal Second Factor (U2F) specification to its platform to strengthen its range of two-factor authentication methods which have previously been offered through an SMS service or…
January 17th, 2017
Thousands of small-scale farmers across East Africa will soon be using their feature phones to buy, sell and receive payments for their goods through a mobile app and SMS service developed by Mastercard. The payments…
January 17th, 2017
The global mobile payments market will reach US$3,388bn by 2022, growing at a compound annual growth rate (CAGR) of 33.4%, Allied Market Research predicts. “NFC has high growth potential and is anticipated to exhibit CAGR of around 36% during the forecast period,” the firm says. “By mode of transaction, in 2015, SMS accounted for about 54% of the overall payments market share, followed by wireless application protocol (WAP). Asia-Pacific is expected to witness the highest growth rate.”
December 7th, 2016
Customers of Pakistan’s Askari Bank can now withdraw cash from ATMs using their mobile phone. “All customers need to do is log in to their mobile wallet to generate a voucher,” technology provider TPS says. “A unique voucher code (one-time password) is instantly sent to customers via a text message on their registered mobile number. Customers can redeem the voucher at all Askari Bank ATMs across Pakistan.”
November 24th, 2016
Customers of US telecoms giant AT&T can send text messages to up to 10 contacts using Amazon’s Alexa artificial intelligence assistant. The AT&T Send Message skill went live on 18 November allowing users to ask to text a friend, after which the assistant prompts them to say their message. The launch came on the same day that Amazon Echo and Echo Dot devices were made available on the AT&T website and in its retail stores.
November 21st, 2016
A project enabling mobile money transfers to take place at the point of sale in areas of less-developed countries with poor or no mobile network coverage has been unveiled, by removing the reliance on SMS…
November 17th, 2016
Commuters on the Mumbai Metro service will soon be able to pay for journeys using mobile payments platform Paytm. “Commuters can install and recharge the Paytm app on their mobiles, switch it on, scan the QR code for identifying Mumbai Metro as the payee and pay the correct amount of fare,” Business Standard reports. “A unique transaction ID will be displayed on the Paytm app and the mobile phone with the ticketing officer at the counter will receive an SMS with the same transaction ID.”
November 11th, 2016
Customers of Serbia’s Banca Intesa — a subsidiary of Italian banking group Intesa Sanpaolo — have become the first in the Balkan country to be able to make host card emulation (HCE) based mobile payments,…
November 11th, 2016
Four students from India’s Birla Institute of Technology and Science have developed an SMS-based biometric authentication system for use in rural areas with poor internet connection. The team has developed an Android app to allow fingerprint scans to be taken and then turned into an encrypted, numeric code which can be sent by a simple SMS message. The team’s idea won the grand prize in the Accenture Innovation Jockeys 5 competition earlier this month.
November 9th, 2016
PARTNER NEWS: Customers of Italian retail bank Intesa Sanpaolo can now receive their PIN codes through SMS or via the web, without having to wait for postal delivery. The bank is using digital security giant…
November 4th, 2016
Mobile payment transaction volume will grow by 42% to reach 26.9m in 2016, up from 18.9m in 2015, Future Market Insights (FMI) reveals. This volume represents nearly US$768bn, up from US$549bn last year. “Payments made through NFC will witness the highest year-on-year growth rate, increasing at over 59% in 2016,” the research firm says. “SMS mobile payment transactions will witness a year-on-year growth rate of more than 28% and total US$385bn in revenues.”
July 28th, 2016
The majority of US and UK consumers (54%) have now used a mobile wallet, research from Urban Airship reveals, with 30% of respondents using them in the past week.
July 20th, 2016
PARTNER NEWS: Motorists in Marseille, France, will soon be able to pay for the time spent in a parking bay by sending an SMS when they enter and another one when they leave, charging the payment to their mobile phone bill.
June 7th, 2016
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva and mobile network operator Airtel Tanzania have jointly won the Global Telecom Business (GTB) Innovation Award for Airtel Money Tap Tap NFC Payments in the customer service category. “Airtel Money Tap Tap NFC Payments is the first-of-its-kind closed-loop NFC payments service that brings a paradigm shift in mobile money-based merchant payments, which so far were only performed using USSD and SMS,” Mahindra Comviva says. The service is powered by the company’s Mobiquity Money platform.