KCB Group and Safaricom have launched a new mobile banking product with the most comprehensive features yet in the market. KCB-M-PESA Account will enable customers to get loans using their mobile phones, the loans will be offered with a flexible repayment period ranging from one month to six months. In addition the facility fee for
Calpian, Inc. announced its Mumbai-based subsidiary Money-On-Mobile is providing domestic remittance services to Indian consumers. Adding the new service to its existing suite of market-leading mobile payments offerings, domestic remittance is a real-time electronic fund transfer service.. With the new service, which was initiated on Dec. 23, 2014, Money-On-Mobile now offers its customers person-to-bank domestic
PayPal, international digital wallet based e-commerce business focuses on driving innovation that adds value to people’s everyday lives. We know that mobile technology is becoming more central to people’s lives, so purchasing on mobile needs to be easy, convenient and seamless. In that spirit, we’re pleased to announce that we’re now working with Lyft to add
Maybank Philippines, Inc. rose to the challenge yet again by launching the Maybank2U (M2U) Mobile Banking App as part of its commitment to bring banking and innovation together beyond its physical presence. The M2U mobile app enables clients to perform different banking transactions with a tap on their mobile phones. By downloading the M2U mobile
Safaricom has announced a new service that will allow organizations to track funds sent to beneficiaries via its mobile money solution M-PESA. The solution, named M-PESA SurePay, is a closed loop payment system engineered for corporates and Public Benefit Organisations (PBO’s) who disburse funds directly to beneficiaries. The funds are sent directly to a beneficiaries
Over 7 million M-Pesa customers in Tanzania and over 18 million Safaricom customers in Kenya can now send and receive money from each other. This revolutionary service allows for mobile wallet to wallet transfers between the two largest telecom operators in East Africa. Now, customers can transfer funds across the border at the same rate
NXP Semiconductors N.V. announced that it is collaborating with CardsMobile, an investment project of iFree Ventures, to securely connect a vast network of mobile payment services – including the transport systems in Moscow, St Petersburg and Yekaterinburg; retailers and restaurants – to create an ecosystem of innovative, secure Smart Cities in Russia. Available immediately the
TRANSFAST, the global money transfer company, announced partnerships with three leading Kenyan banks for instant deposits, and the launch of M-PESA service. Both instant deposits and M-PESA service enable customers worldwide, online and in person, to make instant transfers to Kenya 24x7x365, including bank holidays. In addition to the instant services, TRANSFAST offers same-day deposits
New mobile payment platforms can provide a foundation for financial inclusion in South Africa and beyond, says David Abbott of Fiserv, a leading global provider of financial services technology solutions. But who will build the robust ecosystem required to fulfil their potential? The growing use of banking services in South Africa is driven by a
Samsung Electronics Co., Ltd, a leading global technology company, has unveiled Samsung Pay, a mobile payment service that will enable MasterCard cardholders to use their Samsung Galaxy S6 for everyday in-store purchases.As consumers increasingly trade cash to use their cards through connected devices, Samsung is enabling a wider audience to take advantage of digital commerce.
