While the ubiquity of mobile devices in the U.S., U.K., France, Germany, and Spain has created a widespread platform for using mobile payments, a revolution is being held back because consumers do not yet find mobile payments secure, private or convenient enough to merit rapid adoption; this according to “The Consumer View of Mobile Payments”,
While the mobile channel grows in importance and revenue for merchants, so does their fear of fraudulent attacks and the realization that combating that risk requires specialized tools. Those are some of the key findings from the 2nd Annual Mobile Payments and Fraud Survey. The 2014 Survey, conducted by Kount, Inc., The Fraud Practice LLC,
Telecel launched Telecash in Zimbabwe with interoperability as their main trump card and that promise seems to be taking shape. Telecel has announced via their Facebook page that Telecash users could now pay their insurance premiums via the mobile money service. Based on the announcement and advert, the service seems to be only active with
Net 1 UEPS Technologies, Inc. has announced that its Net1 Mobile Solutions Business Unit has launched its Mobile Virtual Card (“MVC”) technology through Pay in Private in the United States, a new way to pay online that uses the Company’s proprietary one-time use MVC Debit MasterCard generated by a smart phone app. The Pay in
Telkom Mobile, the mobile division of telecommunications company Telkom, and BlackBerry have announced an integrated carrier billing service for BlackBerry smartphone customers in South Africa. The service is made possible through Telkom Mobile’s newly developed Event Billing service and will enable Telkom Mobile customers to purchase applications on the BlackBerry World™ storefront and charge it
Teasy Mobile has appointed VeriFone Mobile Money, a joint venture between VeriFone and Mobilis Networks Limited, to widen mobile money services in Nigeria. Under the agreement, VeriFone will deploy its retail enablement solution integrating mobile wallet, banking and telecommunication provider networks with point-of-sales (POS) to drive mobile money. Teasy will partner with stakeholders in Nigeria
Telecel and MultiChoice Zimbabwe have signed an agreement allowing DStv subscribers to use Telecash to pay for their subscriptions through their mobile phones. Telecash – which launched in January – can be used by its subscribers to send money to any mobile phone user regardless of network and pay bills and for goods and services
The number of mobile money subscribers of Nigerian commercial bank Stanbic IBTC will soon reach one million, says Gbenga Agboola, the bank’s mobile platform product manager. Agboola said the bank’s mobile money service is unique in that it does not require users to open an account, as the user’s phone number serves as the account
Online cash payments provider, Ukash, has launched a General Purpose Reloadable (GPR) prepaid card, supported by a mobile app that makes uploading of funds quick and easy. Putting customers in control of their money, the free smartphone app (iPhone and android) makes it easy to check transactions and balances while cardholders are out and about
iKaaz, a Bangalore based mobile payments provider has entered the rapidly growing African market with the launch of its innovative tap and pay offering in Nigeria. Very soon Nigerian consumers will be making NFC payments at select merchant outlets thanks to iKaaz’s NFC powered mobile payments platform running on the cloud. “It is encouraging to
