News about SMS.
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.
June 3rd, 2016
PARTNER NEWS: Finnish commuters travelling on the Helsinki transport network can now use their mobile phone to pay for public transport beyond the central tram and metro systems and have the cost of the ticket charged to their…
May 10th, 2016
UK businesses using digital banking solutions provider Bottomline Technologies’ C-Series payments processing module will soon be able to send payments to recipients using only their mobile phone number through the Barclays’ Pingit mobile app or…
March 24th, 2016
A white paper that examines the advantages of using new, digital PIN delivery mechanisms to replace traditional PIN mailers is now available to download from the NFC World+ Knowledge Centre.
March 23rd, 2016
Customers of Sberbank Kazakhstan can now withdraw cash without a card at any of the 900 Sberbank ATMs across the country that have been integrated with OpenWay’s Way4 Cash technology. “Customers specify the withdrawal amount and a cell phone number via the Sberbank Online system,” OpenWay says. “A two-part code is generated. The customer receives the first part via Sberbank Online and the second part via an SMS message. To withdraw the funds, the customer enters both parts of the code.”
March 21st, 2016
A quarter of Norway’s population is now using Vipps, a P2P mobile payment solution launched by financial services group DNB and Tata Consultancy Services (TCS) in May 2015. “85% of Norwegians know about the P2P payments platform and it is the number one downloaded app in Norway,” TCS says. “Vipps makes mobile payments as simple as sending a text message and is available for use on all mobile devices. Another key feature is that it allows short chat messaging between the users.”
February 25th, 2016
Consumers in New York, Miami, Chicago and Los Angeles can now make P2P cash withdrawals using a PIN code sent to their mobile phone at ATMs equipped with technology from Pin4 and ATM network operator Payment Alliance International. “Pin4 sends a text to the money recipient’s phone revealing a secure PIN, which they enter along with a code the sender has provided,” Pin4 says. “Pin4 will continue expansion throughout the year and will have full nationwide access in the fourth quarter of 2016.”
February 15th, 2016
UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz. “Payfriendz is a social chat and mobile payments app which allows users to easily send, request and receive money from friends and contacts,” says Paysafe, the payments provider for the service. “Once funds have been collected, users can transfer the money to their UK bank account. They can also shop online using a virtual MasterCard card linked to their Payfriendz account.”