Uncertainty in regulatory guidelines for mobile money, coupled with limited cooperation among m-commerce providers, is hampering the industry from unlocking its full potential, said Rajiv Bhatia, Head of EMEA Sales for Ericsson M-Commerce. Bhatia was speaking at the Mobile Money Africa conference held in Johannesburg today. Bhatia said the industry needs to get the basics
MoneyGram announced an agreement with Lebara Mobile, one of Europe’s leading mobile telecoms operators, to offer MoneyGram transfer services over the Lebara Money mobile and web solutions. MoneyGram’s money transfer platform is now integrated within the Lebara Money iPhone and Android mobile payment platform solutions and the Lebara Money website, enabling customers in the United
Nigerian banking behemoth Diamond Bank has intensified its focus on delivering financial services to the under-banked in the informal sector by launching its “branchless banking” service on BankOne, a mobile banking application which allows instant account opening and registration. The application is designed and developed by AppZone, a fast-growing technology company. The integration of the
Heartland School Solutions, a division of Heartland Payment Systems has launched a mobile payments application for parents of school-aged children to manage school meal expenses from smart phones and tablets. As the first such app available on Apple iOS, Android and Windows Mobile, Heartland’s new MyLunchMoney.com® app enables parents to use their smartphones or mobile
Barclays subsidiary, Absa has announced that its Payment Pebble, a mobile point-of-sale (MPOS) innovation, which aims to fundamentally transform the payment acceptance industry, is gearing up to enter its pilot phase. The Payment Pebble is a small portable device which plugs into smartphones or tablets and enables small and medium scale enterprises to accept payments
According to a new research report from Berg Insight, in-store mobile wallet payments in the EU is forecasted to grow from less than € 0.1 billion in 2012 at a compound annual growth rate of 275 percent to reach € 45 billion in 2017. This will correspond to 1.6 percent of the credit card and
Financial services Group Absa announced that South Africans on its Rewards programme can now instantly redeem their cash rewards on the mobile banking platform, Absa.mobi. Through the Absa.mobi site, Absa Rewards members will not only be the first in South Africa to instantly redeem their cash rewards on cellphone banking, they can also view their
Visa Inc. announced that it has signed agreements with three leading mobile point-of-sale (mPOS) providers to enable merchants of all sizes to accept Visa payments using mobile technology. iZettle, SumUp and SCCP Group’s Swiff, will participate in the Visa Ready Program to have their mobile acceptance hardware and software tested and approved for use with
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.
