A start-up mobile money transfer service is saying it will revolutionise how the African Diaspora sends money to family and loved ones back in Africa. Afrocoin Mobile Money is developing an e-money payment system that will be deployed in Zimbabwe in partnership with Allied Bank Zimbabwe. In South Africa, Afrocoin is working in partnership with
With an annual U.S. retail POS market of almost $4 trillion up for grabs, the stakes are extremely high. But slow adoption, lack of merchant enthusiasm, fragmented offerings, and blocking by competitors has resulted in stalled growth for mobile wallets. Today, Javelin Strategy & Research released the firm’s Mobile Wallet Game Changers: A Glimpse into
In recent weeks there has been an influx of new mobile technologies. The Samsung Galaxy Gear, PayPal Beacon, Google Motorolla / Skip, Apple iBeacon and Google Glashion now include key features that can enable payments. Samsung Galaxy Gear The Galaxy Gear, Samsung’s now official and it’s quite different to anything you’ve seen before. It is
YSPay, one of the leading payment services providers in China, has rolled out a new mobile payments solution developed with Accenture. The solution allows YSPay customers – consumers, banks and merchants – to process payments with any type of mobile phone. The companies announced the launch of the solution at Sibos in Dubai. YSPay’s new
ROAM an Ingenico company and the leading mobile commerce platform provider, today announced a new partnership with Merchant Warehouse to expand the company’s mobile payment acceptance solutions. Merchant Warehouse, a leading innovator of payment technologies and merchant account services, will leverage ROAM’s secure mobile card readers, associated software and services to provide its merchants and partners
In line with MasterCard’s recent introduction of Egypt’s Mobile Payment Gateway, National Bank of Egypt (NBE), Fawry and Egyptian Banks Company (EBC) have announced the launch of “Phone Cash”, an innovative new mobile payment solution. The “Phone Cash” mobile payment wallet is available to banked and unbanked customers across Egypt, who can use the service
Giesecke & Devrient (G&D) offers a new SIM platform that allows several different NFC applications to be executed securely and simultaneously on a single SIM card. The SkySIM CX SIM-card family provides protected areas that can be used for electronic payment and ticketing applications and for customer loyalty programs. Network operators will thus be able
Javelin Group and Paythru announced the launch of Ignite, a next generation contextual mobile marketing and payments proposition for the global retail sector. Javelin Group, a European omni-channel retail consultancy, and Paythru, a m-commerce payments provider, have combined retail and technology expertise to develop Ignite, which delivers the right message to the right customers, in
Mobile Money subscribers on South Africa’s MTN network have reached one million since the service was launched in November last year. Unlike in Kenya, where the concept has grown rapidly, mobile money has been slow to catch on in South Africa, which has a more matured and developed formal banking sector. According to MTN and
Habil Olaka, chief executive officer (CEO) of the Kenya Bankers Association (KBA), has called for more investment in mobile money technology by banks to increase accessibility to banking services. Olaka, who officially opened the seventh annual AITEC Banking and Mobile Money COMESA Conference in Nairobi today, said adoption of mobile technology would increase efficiency and
