The Western Union Company , a leader in global payment services, in collaboration with the MTN Group, a multinational mobile telecommunications company servicing 229,2 million customers in 22 countries, announced the launch of a new mobile money transfer service in Rwanda and Ivory Coast. The new service allows MTN customers in both countries to receive
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
Samsung Electronics Co., Ltd. announced that it has agreed to acquire LoopPay, the acclaimed mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers. LoopPay’s technology has the potential to work in approximately 90% of existing point-of-sale (POS) terminals, according to internal research, with no investment in new infrastructure required by
Forrester Research, Inc. on the promising future of the mobile wallet features Vibes, a mobile marketing leader. The February 2015 report, “The Future of Mobile Wallets Lies Beyond Payments,” points to mobile wallets becoming rich marketing platforms that complement merchants’ own integrated apps. In addition, the report states that mobile wallets will become powerful marketing
Accenture has been named a “Market Leader” for the Accenture Mobile Wallet platform in the “Ovum Decision Matrix: Selecting a White-label Mobile Wallet Platform,” scoring the highest overall technology assessment ranking in the report. “While relatively new, the Accenture Mobile Wallet platform has among the most extensive capabilities of platforms available on the market today,”
LoopPay, Inc., the world’s most accepted mobile wallet solution, announced two new OEM partners that will embed LoopPay’s technology into their products to let consumers turn their smartphones into mobile wallets. In addition to the new LoopPay products on display at the International Consumer Electronics Show (CES), which include the LoopPay Card and CardCase for
Ericsson announced that MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings for seven million MTN Uganda mobile wallet users and 50,000 agents. MTN Uganda is part of MTN Group, a multinational telecommunications group, connecting approximately 219 million people in 22
Vodacom together with Eduloan, a leading education finance and bursary administration provider is giving students the ability to pay for educational and daily expenses from their bursary cash stipends, by using m-pesa’s mobile wallet. In the pilot phase, Eduloan bursary students will get their cash allowance deposited into their m-pesa mobile wallet. This will enable
Mobile network operator MTN has announced a partnership with online payments company Skrill to enable MTN subscribers to be able to make purchases from global internet brands that are integrated into Skrill’s network using funds in their mobile wallets. The partnership is being piloted in Ivory Coast and Rwanda. The network said MTN Mobile Money
Online money transfer service WorldRemit has partnered operator Tigo Tanzania to allow individuals sending money to friends and family living in Tanzania to have the funds delivered to a Tigo Pesa mobile wallet. The deal is available for customers sending money from the 35 countries in which Tigo has a presence, with the companies saying
