WeChat has partnered with Western Union, a leader in global payment services, to offer WeChat users in the United States the ability to send and receive money cross-border to 200 countries and territories via the company’s WU Connect platform. The partnership marks WeChat as the first social communication application to provide a technology platform to
Money transfer app WorldRemit launches remittances to Vietnam. Customers can now send money from the WorldRemit app direct to any bank account in Vietnam. Backed by early investors in Facebook, Spotify and Dropbox, WorldRemit enables people to send money to friends and family overseas using its award-winning iOS and Android mobile apps. Customers already send
Commercial cards, consisting of Business, Corporate, Purchasing and fuel cards, benefit businesses by controlling expenditure and reducing cash handling costs. Nevertheless, according to RBR’s new study Commercial Cards in Europe 2015, in many countries the sector is still not well established, and represents a major, unexploited opportunity for banks. Looking ahead, the issuance of commercial
Vogogo announced that its wholly-owned subsidiary, Vogogo EU Ltd, has obtained final authorization from the Financial Conduct Authority (FCA), the UK’s banking and financial services regulator, to operate as an authorized Electronic Money Institution (EMI). As an authorized EMI, Vogogo has also established safeguarding accounts with a commercial bank based in Europe and transaction acquiring
Tanzania has been lauded for facilitating agreement among telecoms to allow their customers transfer money across multiple networks. The Director of Financial Inclusion at the MasterCard Foundation, Ms Ann Miles said interoperability agreement among mobile network operators has placed the country among few global champions in financial inclusion. “Tanzania is taking the right direction, moving towards
Chase Visa cardholders can now use Samsung Pay to make simple and safe mobile payments, the companies announced. “Samsung Pay gives our customers another convenient way to pay with their Chase Visa credit, debit or Chase Liquid cards,” said Gavin Michael, Head of Digital for Chase. “They choose how they want to pay.” Starting today, Chase
Most people choose online payments over conventional payments. With online trade on the rise, we take a look at some of the safest online payment methods. In the early days of e-commerce, or online payments, there were a lot of worries among people using these services. Fraudulent transactions, identity thefts, were the most serious worries.
CardFlight, a leader in mobile point of sale (POS) technology announced that its suite of mobile solutions has been certified by TSYS, a leading global payments provider, to accept EMV “chip card” payments. This will enable merchants who process payments through TSYS to accept EMV payments on iOS and Android devices. Effective October 1, 2015,
In yet another exciting development in mobile money innovation, MTN Rwanda, the country’s telecommunications leader has announced that it has opened its corridor with Safaricom in Kenya that will see MTN Mobile Money and M-PESA users send and receive money seamlessly and affordably between the two countries. This comes just a month after the Company
Diebold, Incorporated, a global leader in providing self-service delivery, value-added services and software primarily to the financial industry, and Wincor Nixdorf AG, a leading provider of IT solutions and services to banks and the retail industry, announced that the companies have entered into a business combination agreement. Pursuant to the business combination agreement, Diebold will
