Gartner Predicts That Asia/Pacific Will Overtake Africa to Become the Largest Region Worldwide mobile payment transaction values will reach $235.4 billion in 2013, a 44 percent increase from 2012 values of $163.1 billion, according to Gartner, Inc. The number of mobile payment users worldwide will reach 245.2 million in 2013, up from 200.8 million in
Centenary Bank of Uganda has unveiled CenteMobile, a mobile banking service for its customers. The service supports funds transfers, account and statement queries as well as airtime purchases and bill payments. It can be accessed on all mobile networks including MTN, Airtel, Warid, Orange and Uganda Telecom. The service is supported for both simple and smart phones.
Mobile POS (point of sale) acceptance is attracting small merchants to big-box retailers, posing a growing threat to traditional terminal-based solutions and vendors. Javelin Strategy & Research released the firm’s first “Mobile Point of Sale (POS) Business and Market Impact 2013″ report, which provides a market sizing of the US merchant marketplace and comparisons among 14
Heartland Payment Systems, one of the USA’s largest payments processors, and LevelUp are joining forces to make mobile payments mainstream in 2013. After successful pilot programs the pair is partnering on the first roll out of a mobile payment solution across the USA. As a result of this partnership, Heartland’s more than 800-person sales force,
Identive Group, Inc., a provider of solutions and services for the identification, security and RFID industries, announced that it has received orders for one million NFC TOM™ (Tag on Metal) phone stickers to enable a banking and payment program in Africa. 800,000 of the NFC tags and all of the NFC phone stickers are scheduled
Multi-country study reveals sophisticated payment needs and behaviors of unbanked consumers in developing economies. Preventing theft, ability to send money quickly drives mobile money adoption. Visa Inc. and Fundamo, the Visa-owned mobile money platform, today announced the results of a study that reveals consumers in six developing countries are already highly aware of mobile money
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