FinTech startup Azimo, the digital money transfer service, has launched a new instant £1 money transfer service to 15 countries across Latin America. According to the International Organisation for Migration, 4.5 million South Americans live in Europe, while 1.25 million Europeans currently live in South America and the Caribbean. The World bank estimated that money
Global payment gateway, BlueSnap, launched ChargeLink, a personalized payment page to help global businesses close sales over the phone using their Virtual Terminal. Rather than forcing shoppers to read payment details aloud over the phone, merchants can use ChargeLink to deliver a customized payment page to the shopper with one-click, allowing customers to select their preferred payment method
Nigeria’s apex bank the Central Bank of Nigeria (CBN) has announced mobile financial transactions in Nigeria had exceeded US$2 billion. This was announced by the bank’s Head of Payment System Policy and Oversight Division of Banking and Payments Department, Musa Itopa-Jimoh. He said a total of 15 million transactions have been made since the inception
Telecoms company MTN launched mobile money cross-border remittance service between Ivory Coast and Benin. It said the service will further enable cheaper and easy movement of money in the West Africa region. “The launch of this new corridor is an important part of our mobile financial services strategy. The new service will take advantage of
Vodacom’s mobile money transaction service M-Pawa, launched in May 2014, in partnership with Commercial Bank of Africa (CBA), has reached one million customers, the telecom firm announced in Dar es Salaam. M-Pawa enables customers to open a bank account on his or her mobile phone and has helped Vodacom subscribers save and borrow money. The
Tigo announced the first of its regular quarterly payments worth 3bn/- (US $ 1.8 million) to Tigo Pesa users. This payment comes three months after the company paid a staggering profit of TZS 14.25 billion (US $ 8.64 million) accumulated in the Tigo Pesa Trust Account to become the first mobile money service in the
TechPay Mobile Payment Systems announced the launch of SwiftPay for grocery stores, convenience stores and retailers. The new mobile payment system offers numerous benefits to merchants and consumers not available from similar solutions. SwiftPay requires no new hardware for the merchant to install – it integrates directly into the retailer’s existing system. It doesn’t require
PT Bank Danamon Indonesia, Tbk. (“The Bank”) launched a mobile banking application called D-Mobile (the Bank Mobile Banking), which provides an easy and convenient way to perform banking transactions via a smartphone connected to the data network (GPRS / 3G, EVDO-CDMA, WiFi). Besides being able to conduct banking transactions such as transfer funds, reload, and
A new online ad site that allows individuals to buy mobile devices has been launched in Nigeria. Dubbed giddiphones.com, the platform allows buyers and sellers to meet and transact business. In an interview with HumanIPO, Yemi Olulana, founder of the startup said the goal is to simplify the way Nigerians buy phones. “giddiphones.com is an
Access Bank Plc and Airtel Nigeria Limited have gone into a partnership to introduce a mobile money service known as Access Money.The service allows customers to perform simple, secure and instant financial transactions using their mobile phones. With the service, customers on the mobile network can send and receive money, make deposits and withdrawals, pay
