Mobile money services are popular in Africa

Global mobile money transfer to top $10bn in 2013

The value of international money transfers made via mobile phones will exceed $10bn for the first time this year, according to Juniper Research. However, the cost and complexity of regulating cash transfer had led many service providers to focus exclusively on airtime top ups, the research firm reported.

The mobile payment industry is set to grow rapidly

Consumers don’t trust mobile payments study finds

Fewer than one in four of UK consumers would use their smartphone like a credit card to make payments even if they had the relevant app, according to a new survey carried out by YouGov on behalf of outsourcing firm Firstsource Solutions.

Mobile money services are popular in Africa

Telefonica enhances carrier billing

Spanish operator group Telefonica has signed a deal to step up its carrier billing capabilities. The operator group has teamed up with mobile money solutions provider Mopay, granting it direct access to Telefónica’s billing platform BlueVia.

Deutsche Telekom has launched a mobile wallet service in Germany

Barclays adds features to Pingit

British bank Barclays has launched two features within its mobile banking app Pingit, which it launched in February last year. Using the service, retailers can offer their customers two new ways to pay via their mobile.

Mobile edge working group bringing content nearer the user

Carrier billing gains traction among UK operators

All of the UK’s mobile network operators have extended their carrier billing offerings by connecting to Gemalto’s direct billing platform, the mobile security solutions provider announced.

Orange will use the Total station network

Orange uses Total network to extend money service

Orange and oil and gas group Total have forged a partnership in Africa and the Middle East, providing access to Orange Money services at all Total service stations in the regions, spanning a total of 13 countries to date.

Mobile money is complicated

Bitcoin mobile wallet launches in Kenya

Kenya has long been considered a pioneer of mobile money services, given the successful mobile payment system M-Pesa made its debut in the market. Now a recently launched project aims to combine M-Pesa with another pioneering currency technology, Bitcoin.

Orange is targeting international payments

Orange opens up international money transfer in Africa

Orange is launching an international money transfer service across three of its African markets: Mali, Senegal and Cote d’Ivoire, targeting a sector where every year, €200m are moved between the three countries in the form of money transfers.

Mobile payments looks set to receive a boost in Poland

Polish banks collaborate on m-payments initiative

Alior Bank, Bank Millennium, Bank Zachodni WBK, BRE Bank, ING Bank and PKO Bank Polski intend to build a common infrastructure including standard authorisation and settlement. The system will be open to all market participants, including other banks, and will support abilities such as mobile cash withdrawal from ATMs and mobile money transfer.

Mobile money services are popular in Africa

Immediate mobile payments come to Europe, M-Pesa to India

Payment processing firm Visa Europe has introduced a service allowing consumers to make mobile payments across the region immediately and using any European currency. Meanwhile in India, popular money transfer and payment service M-Pesa has now been fully launched.

Mobile money is complicated

Mobile money to transform Turkish transport and US retail

Turkish operator Turkcell and SIM card and mobile security solutions provider Gemalto have each found themselves at the hearts of two mobile payment projects that promise to transform the transport and retail sectors in Turkey and the USA respectively.

Financial sector commentator and author Brett King

Mobile and internet to “destroy” retail banking models

Disruptive digital technologies such as mobile communications and the internet will destroy established retail banking business models, according to financial sector commentator and author Brett King, by removing the physical product and replacing it with a digitised bank account.

Mobile money services are popular in Africa

Mobile card reader space hots up

Following the launches of mobile card reader devices such as Square, iZettle and mPowa, Canadian firm Inuit has launched one of its own. Intuit Pay enables businesses to take secure payments face-to-face and over the phone. The Chip & PIN card reader is currently only available for Apple’s iOS devices, and is free for a limited, unspecified, time.

Mobile point-of-sale payments set to rise

Mobile bill payments to grow rapidly, says report

Almost 200 million mobile users will be making payments via their mobile by 2017, according to research published today. According to Juniper Research, there is a growing user acceptance of ‘push’ mobile banking and a sharp rise in tablet adoption, which will drive users of transactional tablet banking services.

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Wincor Nixdorf predicts mobile cash withdrawal explosion

While most large banks in the UK offer a mobile app, some do not yet offer mobile cash withdrawal as a service. That is likely to change soon, according to Ian Byrne, banking director UK and Ireland at ATM maker Wincor Nixdorf.

PayPal Here is the payment provider's Chip & PIN mobile payment device

PayPal launches Chip & PIN mobile payment device

Payment provider PayPal has launched a card reader device that handles Chip & PIN and PayPal payments in Europe. The device will be available to select UK businesses over the coming months before becoming generally available this summer.

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iZettle and Santander “democratise” cheap card payments

Spanish bank Banco Santander has signed a deal with iZettle, a fledgling Swedish payments specialist that focuses on ‘social’ payments. The two companies plan to distribute mini chip-card readers to customers, so that they can accept card payments with smartphones and tablets.

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Inside Eurograbber: the £30m mobile banking heist

In the history of bank robberies, the £30 million stolen by the Eurograbber attack in 2012 ranks as one of the all-time biggest, globally. And when you consider that this sum was stolen from more than 30,000 accounts across 30 banks in four European countries, using malware that affected both PCs and bank customers’ mobile phones, it must also rank as one of the most sophisticated thefts ever discovered, writes Terry Greer-King, UK managing director of Check Point*.

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