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After almost a year of delays, Vocalink plans to launch the system in October.
One long-time industry supporter is exploring the formation of a group that would help promote the benefits of direct carrier billing and mobile money services worldwide.
Dan Glessner, the chief marketing officer at Quisk, wrote a blog post about what the industry can do to help strengthen this sector.
With remittance fees as high as 12 percent, many migrant workers are stuck in a bind. Hence, some migrants are turning to bitcoin "rebittances" as a less expensive alternative.
John A. Cassara, a former U.S. intelligence officer, shares his experiences from his time in Lesotho.
The new system is similar to Apple Pay, but there are some differences in the way Google will present its mobile wallet to consumers.
When Facebook announced Messenger payments in March, some users weren't thrilled about the idea of giving their debit card information to the company. But one security expert believes consumers should be more worried about the safety of their overall digital identity.
The service is being touted as the first of its kind to enable businesses, merchants, governments, nonprofits and issuers to transfer funds to consumers' checking accounts via any U.S. debit card, including non-MasterCard debit cards.
Eran Feinstein, founder of 3G Direct Pay Limited, discusses the opportunities and challenges for mobile payments on the continent.
Matt Wilcox from Fiserv discusses the need for the industry to come together to improve the US payment system.
The Seattle-based company at the moment enables consumers in the U.S. to send funds to family and friends in India and the Philippines.
The new service enables MTN customers in both countries to receive a Western Union money transfer transaction in their mobile wallet.
Xoom is considered one of the leading international remittance companies in the U.S. It enables consumers to send funds to, and pay bills for, family and friends worldwide using their mobile phones, tablets or computers.
Yandex said in the announcement that Microsoft will make the app available on Nokia Lumia smartphones this summer after a Windows Phone update.
Cellum will develop and operate ECPAY, a mobile wallet that enables consumers to use it for bill payment, prepaid phone account top-up, peer-to-peer funds transfers, QR-code payments and online checkout.
Several African mobile operators — such as Vodacom Tanzania and MTN Uganda — are now generating more than 10 percent of their revenues from mobile money.
Bank of America, Captial One, JPMorgan, US Bank and Wells Fargo own the network and will bring bank-to-bank payments to more than 100 million account holders.
The FI will continue to offer its customers CheckFree RXP, Popmoney and TransferNow.
The Oink app enables consumers to manage their mobile wallet and acts as a standalone mobile account.
The collaboration will enable Yandex Money users to transfer funds overseas from the company's website, an e-wallet, or a card linked to an e-wallet account.
The company this past week launched mobile and online money transfer to nine banks in Pakistan.
Direct bank transfers can be sent to all major Chinese banks.
The organization invites interested potential service providers to express their interest by completing the Request of Information downloadable.
The GSMA said in a report that the two regions boast a total of 37 mobile money services accounting for approximately 14.9 million registered users across 19 countries.
A new mobile app called Ping Pay will enable accountholders to send funds and mobile minute top-ups to contacts on social and messaging channels such as WhatsApp, Facebook and Twitter.
Xoom has partnered with Sampath Bank, one of the largest banks in Sri Lanka, to offer instant deposits to Sampath Bank accounts in Sri Lanka.
Mobile remittance promises massive growth worldwide. This research center deals with the latest developments in person-to-person (P2P) mobile money transfers.