EMVCo has created a QR Payment Mark to promote global interoperability across EMV QR Code payments. EMVCo has developed reproduction requirements and a free licensing structure to enable all implementers of EMV QR Code solutions to use the mark. QR Codes are two-dimensional machine-readable barcodes, increasingly used to facilitate mobile payments at the point-of-sale. In
“Financial inclusion is one of Africa’s great success stories of this decade. Mobile money solutions and agent banking now offer affordable, instant, and reliable transactions, savings, credit, and even insurance opportunities in rural villages and urban neighborhoods where no bank had ever established a branch,” noted IFC’s Chief Executive Officer Philippe Le Houerou and Mastercard
The use of mobile money has witnessed exponential growth over the past 9 years; with a year on year increase in the number of mobile money accounts as well as the volumes and value of mobile money transactions. According to statistics from the Bank of Ghana, the total number of active mobile money accounts increased
Airtel and Comviva have emerged as the joint winners at The RemTECH Awards 2018 in the “Remittance Synergies” category for Airtel Money Domestic Mobile Money Interoperability service. The award was presented on the 8th of May during the Global Forum on Remittances, Investment and Development (GFRID) event in Kuala Lumpur, Malaysia. Airtel partnered with Tigo
Alipay, the world’s largest online, mobile payment and lifestyle platform, operated by Ant Financial Services Group, has announced the addition of two new money market funds to Yu’e Bao, the spare cash management platform within the Alipay app. The new funds, managed by Bosera Asset Management Co., Ltd and Zhong Ou Asset Management Co., Ltd, respectively, will
TransferTo, a leading global cross-border mobile payments network for emerging markets, is announcing record growth across its International Mobile Airtime Top-up business, having processed 18.6 million transactions in the first quarter of 2018. This activity represents a 45% growth in revenue for the business, when compared to the same period in 2017. During this time,
Gemalto, the world leader in digital security, announced that its Trusted Service Hub (TSH) is enabling the secure digitization of Octopus contactless smart cards into Samsung Pay. Named Smart Octopus in Samsung Pay, this new mobile payment service allows consumers to securely pay and travel by simply tapping their designated Samsung smartphones against an Octopus acceptance reader for payment
Wirecard, the leading specialist for digital financial technology, has partnered with Fitbit, the leading global wearables brand, to offer contactless payments using Fitbit Pay. In the coming weeks, all Fitbit Pay customers in Europe will benefit from boon by Wirecard – an easy and secure fully digital payment method to make mobile payments at the
First National Bank (FNB) announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South African consumers to use a feature phone or a smartphone to open a bank account without ever walking into a branch. eWallet eXtra will have no monthly fees and consumers are not required to submit
Tigo Tanzania’s mobile financial services business, Tigo Pesa, has received the GSMA Mobile Money Certification, recognizing Tigo’s ability to deliver safe, transparent, reliable and more resilient services that promote consumer rights and prevent malicious transactions. Tigo Pesa is amongst the first mobile financial services providers around the globe to be certified by the GSMA. The
