The mobile money agency system has made huge progress in increasing access to financial services and reducing the cost of transactions, though in terms of serving the “last mile” – those wishing to make single dollar transactions – there is still much to be done. But the answer may be staring us in the face,
Kilimanjaro Co-operative Bank Limited (KCBL) has been advised to make use of Savings and Credit Cooperative Societies (Saccos) as its agents so that villagers get access to banking facilities easily. Kilimanjaro Regional Undersecretary (Finance and Productivity), Mr Simon Msoka, said here recently that the project is viable and will be beneficial to the bank as
WireCash announced the launch of the first and only online money transfer marketplace. WireCash has integrated a wide range of recognizable and respected traditional offline money transfer companies onto its platform, providing US residents access to their services. With one seamless login, consumers can transparently compare and complete money transfers based on brand, price, recipient
Forgotten passwords may be a thing of the past for FIS Mobile users thanks to the addition of biometrics by FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions. Most importantly, this breakthrough adds improved security to further ensure that only authorized users can access their accounts.Forgotten passwords may
Cardtronics, Inc., the world’s largest retail ATM owner / operator, has launched ATMpass, a membership program that gives consumers surcharge-free cash access at thousands of participating ATM locations. ATMpass was developed to give consumers the freedom to choose convenient ATM cash access, independent of their financial institution’s ATM network. With an ATMpass membership, users can
MasterCard and Silicon Valley Bank are inviting startups doing business in the United States to apply for Commerce.Innovated., a program designed to help commerce-focused startups grow their businesses. Commerce.Innovated. is a four-month virtual program that provides startups with the resources to help refine and enhance their solutions through access to industry expertise from MasterCard, Silicon
Fortumo announced that it has partnered with 9Game, the gaming operation of leading mobile Internet and services provider UCWeb, on mobile payment solutions. The partnership will enable access to a wider range of audience for 9Game. On the other hand, developers publishing games on 9Game can now collect additional revenue from up to 83 countries.
Alipay, China’s largest online payment service provider, marks its 10-year anniversary with the release of its Annual Spending Report, highlighting the development of online economic activity and consumer behavior of Chinese Internet users over the past decade (2004 through October 31, 2014). According to the report, the availability of online-payment services has played a major
Regions Bank customers can now take advantage of Apple Pay, an innovative, safe and convenient way of making purchases. Regions now offers debit, consumer credit and reloadable prepaid card customers access to Apple Pay. Apple Pay will work with iPhone 6 and iPhone 6 Plus, in participating stores. When paying for goods and services within
Three years ago FNB launched its smart device deal, a first of its kind banking offer, which gives customers access to smart devices and enables them to bank digitally. Since inception FNB has sold over 250 000 devices, worth over R1 billion, with 90% of these devices using FNB’s digital banking channels. “Digital banking is
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