mobile money

Mobile money could make Africa the new boss

Samsung Pay has officially launched in the UK, continuing the evolution of the digital economy, but does this technology have the potential to disrupt the global pecking order?

Mobile money market to be worth $78 billion by 2019 – report

The global mobile money market will be worth $78 billion by 2019, according to research by MarketsandMarkets. The report, titled Mobile Money Market- Global Forecast to 2019, claimed the market will grow at an annual compound growth rate (CAGR) of 44.6% from last year’s total of $12.34 billion.

Facebook introduces IM money transfers

Social media giant Facebook is the latest company to jump on the mobile commerce bandwagon with the introduction of the ability to transfer money via its Messenger IM tool.

Snapchat teams with Square for IM cash transfers

Ephemeral instant messaging (IM) service Snapchat has teamed up with payment processing outfit Square to allow users to transfer cash to each other over IM. The new service is called Snapcash, appropriately enough, and will initially only be available in the US.

Ericsson, Millicom partner on Tigo Cash for West Africa

Ericsson has announced its Wallet Platform has been deployed by Millicom-owned Tigo Senegal to offer financial services to customers across West Africa. Tigo Cash mobile services allow subscribers to make payments, store, transfer and withdraw money using a mobile device, even if the user doesn’t have access to traditional banking services.

Deutsche Telekom launches mobile wallet

German operator group Deutsche Telekom has launched a mobile wallet service in its domestic market. The operator also plans to extend the offering to further markets; to Slovakia in mid-May and in Hungary later this year.

Mobile money users reach 61 million

The number of active mobile money users has grown to 61 million in June 2013 from 37 million a year earlier, according to trade body the GSMA.

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