Zipcash, the money transfer service from Zimpost is reported to have earned $300,000 in commissions during the period between October and December 2013 according to reports in the Herald. The state owned postal service company (Zimpost) launched Zipcash in October 2013 as a replacement or upgrade of the traditional money order system that was in
The Zimbabwean Government has decided to implement a tax on all mobile money users. The five cent tax will be charged on all transactions and will allow the government to track mobile money usage in Zimbabwe in a similar way to the transaction tax collected on all ATM withdrawals and banking transactions. The new tax
Qash Services, a non-bank, non-GSM operator, has announced the launch of its mobile phone-based financial services in Cote d’Ivoire, under the name Qash Mobile Banking. Qash Services is one of four independent companies with a mobile money agreement from the Central Bank of the West Africa Monetary Union (BCEAO). According to Francis Zago, CEO of
Airtel Networks Zambia Plc, a telecommunications service provider in Zambia and Nico Insurance Zambia Limited, have signed a partnership agreement that will enable customers to pay for their insurance using Airtel Money. From today, Airtel customers will be able to pay for their Insurance to Nico Insurance Zambia Limited using their “Airtel Money” accounts. This
Commonwealth Bank, in partnership with MasterCard and Samsung Electronics Australia, became the first bank globally to offer its customers MasterCard® PayPass™ payments capabilities via Near Field Communication (NFC) enabled Samsung GALAXY S4 devices. The world first collaboration delivers a next-generation shopping experience and simplifies the ways customers pay for everyday goods and services. The CommBank
OFG Bancorp announced that its Oriental Bank subsidiary has launched “FOTOdepósito,” enabling clients to deposit checks for free through their smartphones and tablet devices. With this, Oriental becomes the first bank in Puerto Rico to offer a mobile deposit solution, reaffirming its commitment to provide clients an accessible, simple, secure and reliable banking experience. FOTOdepósito
Airlines are focused on innovating their mobile payment offerings to capture anticipated revenue potential, according to the Alternative Payment and Distribution Landscape: Airlines and Alternatives – The Facts whitepaper, launched today by WorldPay, a global leader in airline settlements and payments. The whitepaper, based on a research study of 56 global airline carriers – from
First, congratulations to the EcoCash team for winning the AfricaCom Best Mobile Money award. No doubt a few heads have turned towards Zimbabwe and we appreciate it. Congratulations as well to NetOne for the OneWallet re-launch. We hold our breath as we await Telecel’s Telecash launch. There has been quite some hype surrounding Telecash’s mobile
A new survey from Tripwire, Inc., a provider of risk-based security and compliance management solutions, which looked at the attitudes of 1000 UK consumers, has revealed that despite a huge increase in shopping on mobile handsets, shoppers do not have security in place to protect the identity and credit card data stored on the devices.
Vodafone Germany is launching its new mobile wallet with the integrated Vodafone SmartPass Visa payment application. The Wirecard Group will be handling all technical and financial services for the Vodafone SmartPass card solution from Vodafone. This includes issuing both plastic and digital Visa cards for the wallet through the Wirecard Card Solutions subsidiary. The Vodafone
