SumUp, Europe’s leading mobile point-of-sale (mPOS) company, launched its mobile payments platform in the United States. The country migrates to EMV chip technology as new payment standard, including a liability shift in case of fraudulent transactions starting this month. SumUp’s proprietary, end-to-end payments platform is the first fully-certified EMV mPOS system in the world to
Virtusa Corporation, a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, announced the availability of vToken, a solution accelerator. The solution was developed for enterprises, issuing banks and issuer processors that are considering providing Token Service Provider (TSP) functionality and building in-house EMVCo
MoneyGram, a global provider of innovative money transfer services, and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new offering means that more than 4.9
eftpos announced a new partnership with Bell ID to build a flexible, domestic mobile payments capability, including secure tokenization services. Bell ID’s Token Service Provider platform will integrate with the ‘eftpos Hub’: a reliable, secure and scalable centralized switch that provides the Australian industry with a cost effective, real time payments processing platform with the
Mozido Africa, a subsidiary of Mozido, Inc., announced the opening of its African headquarters in Johannesburg, South Africa. This represents a key milestone in the expansion of Mozido and the company’s commitment to the continent of Africa. Africa has some of the fastest growing mobile money markets worldwide. Providing African consumers access to Mozido’s innovative
MasterCard announced it will provide tokenization services to commercial credit card issuers. Soon, corporations and business travelers will be able to load eligible corporate credit cards within participating mobile and digital wallet services. With the addition of corporate cards, MasterCard will now enable tokenization across virtually all its products – consumer credit, debit and prepaid
Wincor Nixdorf is now launching a new automated teller machine (ATM) on the market that allows customers to withdraw cash using a smart phone or a near-field communications (NFC) card. The system’s innovative design is intended to appeal especially to digital natives who have grown up with digital and mobile technologies. Smart phone users can
Airtel Rwanda, a subsidiary of Bharti Airtel, and Tigo Rwanda Ltd, a subsidiary of Millicom, have announced a partnership to pilot interoperability between their two mobile money transfer service platforms. This collaboration will allow Airtel Money and Tigo Cash subscribers to send and receive money directly into their mobile wallets without use of vouchers. Tano
Mpesa, a wildly successful payment platform contractually licensed to Safaricom, has prospered at the expense of what would have been banking services. Kenya’s banks have taken a back seat as Mpesa leads the payments market. It wasn’t always like this. Over the past decade, mobile financial services evolved, greatly benefiting from an easy to scale
Beyonic, a technology company that aims to eliminate the rampant use of cash in emerging markets, is announcing a partnership with Mobile Accord that will make Beyonic the largest mobile money aggregator in Africa. Beyonic currently operates in Uganda and Kenya, and will leverage Mobile Accord’s expertise in building mobile solutions and relationships with leading mobile
