CoinText now supporting Bitcoin Cash wallet in Hong Kong, Israel, Palestine, an SMS cryptocurrency platform, recently launched support for its Bitcoin Cash wallet in Hong Kong, Israel and Palestine, according to a press release. Users can send cryptocurrency directly via SMS messages, without using Wi-Fi, apps or other accounts. Customers...

Alibaba files blockchain patent

Alibaba, a Chinese e-commerce company, has recently filed a patent application for administrative access of a blockchain system. The company is seeking this patent specifically to stop illegal transactions in smart contracts, according to the patent application. The patent points... expands mobile bitcoin cash service to 6 European countries, a mobile cryptocurrency transfer service provider, has expanded its bitcoin cash service to Austria, the Czech Republic, Estonia, France, Germany and Portugal. Anyone with a mobile phone number or BCH address can send the cryptocurrency over short messaging service,...

Study: Venmo outpaces ATM cash withdrawals with millennials

Rubiix, a social spending platform that distributes ad revenues back to users who provide their data, has released a report showing that Venmo is now beating cash from ATMs as a preferred transaction mechanism for millennials. A Rubiix report on...

Remitly partners with Onfido for easier way to make global money transfers

Identity verification specialist Onfido is partnering with global remittance platform Remitly, according to a press release. Onfido's AI technology is intended to help Remitly quickly onboard new users to its platform without running the risk of fraud or financial crime....

Real-time payments initiatives on the rise worldwide

Deployments of real-time payment systems are surging worldwide, according to new research from FIS. In its fifth annual Flavors of Fast report, FIS identifies 40 active real-time payment programs worldwide, up from 25 in 2017, and nearly three times as...

Dollar Banks adds Zelle P2P

Dollar Bank announced today the Zelle person-to-person payments service is now live within its online banking and mobile app, according to a press release. "We are excited to offer our customers Zelle as a convenient and safe way for them to pay their families and friends," Jim McQuade, president and CEO of Dollar Bank, said in a press release.

Ripple expands network worldwide for easier transfers

Ripple's network RippleNet is now live in over 40 countries across six continents, according to a press release. The company hit the milestone Wednesday as new payment corridors opened up in North America, Asia, Africa, Europe and South America. Ripple...

Remitly partners with Stripe to expand remittance service in Europe

Digital remittances provider Remitly is adding 11 new send countries across Europe, according to a press release. "In one year we've expanded from three send countries to now serving 15, representing over $121 billion in remittance flows annually," Remitly chief...

MoneyGram expands partnership with GCash mobile wallet

MoneyGram and Philippines-based mobile wallet GCash have announced customers worldwide can now send remittances to over 10 million GCash mobile wallets in the country at any time, according to a press release. "With the growing number of overseas Filipino workers...

WorldRemit launches digital remittance service in Africa

WorldRemit plans to launch digital service in Africa, according to a press release. The company said it will target what it deems as fast-growing economies in east Africa for the initial rollout. Those countries include Kenya, Rwanda, Tanzania and Uganda...

Xoom partners with Ria Money to spur global expansion

Xoom, PayPal's international money transfer service, has announced a partnership with Ria, a subsidiary of Euronet Worldwide, to offer Xoom customers cash pick-up service at more than 150,000 of Ria's international network locations. Through this partnership, Xoom said it is...

Tencent enhances WeChat's payment features in Malaysia

WeChat has launched payment features in Malaysia called WeChat Pay My, a mobile-payment product aimed at delivering local consumers a simple, secure and convenient mobile payment experience in a range of payment scenarios. Tencent, which owns WePay, said the full...

Abercrombie adds Venmo to in-app payment options

Abercrombie & Fitch Co. has brought a Venmo integration to both its flagship app, as well as to the Hollister app, according to a press release. Venmo will be among the payment options in the customer's shopping bag on both the Abercrombie & Fitch and Hollister iOS and Android apps.

Zelle processes 100M transactions in Q2

Zelle processed 100 million transactions worth $28 billion on its platform for the second quarter that ended June 30, according to a press release. Transaction volume increased 17 percent quarter-over-quarter and total money moved increased 11 percent. Across the entire...

Venmo continues to shine for PayPal

PayPal continues to see success with Venmo as the mobile person-to-person app accounted for more than $14 billion in total payment volume in the second quarter that ended June 30, according to PayPal's latest quarterly statement. Venmo overall has processed...

Western Union links with ecoPayz online wallet

Ecoaccount online wallet holders can now top up funds using Western Union's global digital or retail network, and can send Western Union international or domestic money transfers from the U.K., according to a press release. This has been made possible...

MoneyGram to integrate Visa Direct service for international transfers

Visa and MoneyGram have announced a strategic agreement intended to modernize and digitize the process of sending and receiving money overseas. Using Visa Direct, Visa's real-time push payments platform, the agreement will enable secure cross border remittances, according to a...

Snapchat to end mobile P2P service

Snapchat will discontinue a mobile person-to-person payment feature in the popular messaging app as of Aug. 30, according to a report from TechCrunch.  "Snapcash was our first product created in partnership with another company – Square," a Snapchat spokesperson told TechCrunch.

Study: Consumers still wary about security with mobile banking, payments

Nearly 6 in 10 consumers pay bills on line, but half of this group have concerns about the security of doing so, according to Expectations & Experiences: Consumer Payments, a new consumer survey from Fiserv Inc. Further, consumers are interested...

Going my way? Uber to add Venmo option to split rides

Uber customers in the U.S. ordering rides and food will soon be able to pay with their Venmo balance, linked bank account, credit card or debit card which will allow them to split the cost with friends and family in...

TerraPay helps bring remittance services to several African countries

GIMAC, the regional electronic money transfer platform of Central Africa, and TerraPay have signed a strategic partnership agreement that will strengthen the remittances ecosystem in CEMAC region, according to a press release. The partnership will enable instant cross border money...

Paysafe extends reach of Skrill money transfer service

Paysafe has extended the reach of its money transfer service, Skrill Send Direct, to nine countries, according to a press release. Skrill customers can now transfer money from anywhere in the world to bank accounts and mobile wallets in a...

Fiserv helps Dollar Bank upgrade digital banking, including Zelle integration

Dollar Bank, the nation's largest independent mutual bank, has tapped Fiserv Inc., a provider of financial services technology solutions, to update its digital banking and payment capabilities with a focus on the customer experience. One of the first financial institutions...

Safaricom opposes proposed tax hike on mobile money transfers in Kenya

Safaricom CFO Sateesh Kamath said Monday that the company firmly opposes a proposed tax hike on mobile phone transfers that the Kenyan government wants to impose to help raise revenues, according to a Reuters report. "Increased excise duty on mobile...

Standard Chartered Uganda partners with mobile operator on digital wallet

Standard Chartered Bank has partnered with MTN Uganda Ltd., a mobile money provider in Uganda, to launch the Straight2Bank Wallet in the country, according to a press release. First introduced by Standard Chartered in Kenya, Straight2Bank Wallet is a mobile...

WorldRemit offering money transfer services in all 50 states

Digital money transfer service WorldRemit has received licenses in all 50 states, enabling customers across the U.S. to use its service.   The company, which specializes in immigrant money transfers, received its first license from Iowa in August 2014 and its 50th from Louisiana in May 2018.

3 companies team up to deliver real-time mobile digital payments between Botswana and Zimbabwe

Orange Money Botswana and EcoCash earlier this year launched a partnership to enable better and more affordable access to digital money transfers between Zimbabwe and Botswana. The service now enables Zimbabwean diaspora, living in Botswana, to use their Orange Money...

TransferWise drops into Argentina with money transfer platform

TransferWise recently announced the official launch of its international money transfer platform in Argentina, according to a press release. TransferWise said it has enabled money transfers into Argentina from more than 60 other countries via desktop, mobile web and through...

WorldRemit joins forces with Nigerian bank for mobile transfers

Digital money transfer service WorldRemit is joining forces with First Bank of Nigeria Limited (First Bank) for instant money transfers to all First Bank accounts in Nigeria, according to a press release. The strategic partnership considerably expands WorldRemit's footprint in...

TransCrypt launches payments messaging app

Cryptocurrency company TransCrypt has officially unveiled its beta payments platform to the public. Consumers can download and use the TransCrypt Android app from the Google Play Store to send and receive payments in cryptocurrency via popular messaging platform Telegram, according...

Wells Fargo to enhance mobile banking app with easier access to payments

Wells Fargo has introduced a new payments feature to its mobile banking app called Pay with Wells Fargo. It brings, to the app's home screen, an option to conveniently select the most commonly used payment features (Zelle, mobile wallets, card-free...

Western Union expands digital presence in Latin America and the Carribbean

Western Union is extending its global digital footprint to Latin America and the Caribbean, activating the Western Union mobile app (for iOS and Android) in Panama and in Jamaica, enabling customers to send money to more than 200 countries...

Zelle's use surges despite some fraud issues

The Zelle person-to-person network moved more than $25 billion in transfers in the first quarter that ended March 31, up 15 percent from the fourth quarter of 2017, according to a press release from Early Warning. That figure came on...

Barclays, PayPal form pact over digital payments

Barclays has announced a strategic partnership with PayPal that is designed to enable customers to manage and use their Barclays and PayPal accounts together with greater ease, for the first time, according to a press release. Barclays said the partnership...

Santander debuts first blockchain-based international money transfer service

Banco Santander has launched a new international payments service using blockchain-based technology, according to a press release. The service is available to retail customers in Spain, the U.K., Brazil and Poland, and will be rolled out across more countries in...

PayPal, Safaricom partner on digital funds transfers in Kenya

PayPal and Safaricom this week announced what the companies are calling a revolutionary collaboration that enables Kenyans to easily transfer funds between their M-Pesa and PayPal accounts. The service is now live and available to all Kenyans with qualifying PayPal...

ICICI Bank adds social media twist to mobile money transfers in India

ICICI Bank, India's largest private sector bank by consolidated assets, has announced the launch of a service that enables consumers outside of India to transfer funds to a beneficiary in India using social media like WhatsApp and e-mail. The service,...

Walmart works with MoneyGram on global money transfer service

Walmart and MoneyGram International are coming together on a new international money transfer service called Walmart2World that will debut later this month at the retailer's U.S. locations, according to a press release. "We think sending money should cost the same...

Equistone to acquire cross-border payments provider Small World

Equistone Partners Europe has signed an agreement to acquire a majority stake in Small World Financial Services, an international, U.K.-based cross-border payment service provider. Small World's investors, including FPE Capital and MMC Ventures, will sell their shareholdings in the company...

Google adds P2P function to voice-powered assistant

Google has added a payments function to its voice assistant that enables users to send or request money from family and friends via Google Pay, according to a company blog post. The feature first will be available through Google Assistant...

GivePay enables digital gift cards via ATM

GivePay, developer of a technology that enables consumers to send gift cards and wireless payments through ATMs, has signed an agreement with InComm, provider of the prepaid card industry’s largest product suite, according to a press release. GivePay enables customers...

South Korean digital remittance company teams up with TransferTo

Sentbe, a digital money transfer operator in South Korea, has partnered up with TransferTo to offer Sentbe customers with greater flexibility and reach to perform real-time money transfers from South Korea to over 60 countries across TransferTo's global remittance network....

WorldRemit expands remittance service to New York

Money transfer service WorldRemit has launched in New York, with the intent of targeting the state's 4.5 million immigrants with its low-cost remittance product, according to a press release. Using a smartphone or by going on line, consumers can make...

Cargills Bank links with TransferTo in Sri Lanka

Cargills Bank has partnered with TransferTo, a cross-border mobile payments network for emerging markets, to enhance and strengthen its remittance services offered by the bank, according to a press release. The partnership provides customers worldwide the convenience of sending money...

WhatsApp enables P2P transfers in India

WhatsApp has launched a person-to-person payments feature via bank transfer that is in line with the Unified Payments Interface in India, according to multiple local media reports. The Unified Payments Interface is a standard set forth by the National Payments...

BitPesa acquires online remittance company TransferZero

BitPesa, a blockchain payments platform for Africa and Europe, has announced their acquisition of TransferZero, an international online money transfer platform that specializes in sending money to consumers and companies in 200 countries using over 50 different currencies, according to...

Study: Consumers continue to adopt mobile P2P services

More than three-quarters (78 percent) of young adults age 18–34 use person-to-person payment services such as PayPal, Venmo, Google Wallet and Facebook Messenger. Of these, more than half (58 percent) use a P2P service at least once a month, and...

Square officially opens bitcoin trading on Cash app

Square has expanded bitcoin trading in its Cash person-to-person payments app after running a brief trial with select users, according to a tweet from CEO Jack Dorsey. Dorsey, who is also Twitter's CEO, tweeted the news Thursday and included a...

Venmo intros speedier balance transfers, but at a cost

In what looks like a response to Zelle's promise of "instant" person-to-person payments, Venmo announced Monday a way for users to transfer their Venmo balances within "minutes", albeit with a fee, according to a company blog post. "Starting today you...

Zelle moved $75B in funds through network in 2017

Early Warning Services announced that the Zelle person-to-person network saw $75 billion in funds moved throughout the system that connects several major banks, according to a press release. Early Warning said the $75 billion was an increase of 36 percent...

Wirecard adds P2P feature to boon mobile app

Wirecard has announced a renewed expansion of its mobile payment app boon and added a person-to-person function, according to a press release. "Boon has become an ecosystem for all our users' financial needs," Georg von Waldenfels, executive vice president consumer...

MoneyGram partners with Ripple to increase payment speeds

Ripple, a provider of the enterprise blockchain product for payments, has partnered with MoneyGram to pilot XRP in their payment flows. As part of this agreement, both companies will also explore MoneyGram's integration into Ripple's ecosystem through xVia. MoneyGram will...

Study: Apple, Google to help bring mobile social payments to millions

A new Juniper Research study predicts the global number of registered mobile domestic money transfer users is expected to reach 2.5 billion this year, up from an estimated 1.7 billion in 2016. Juniper said in a press release that the...

Google rebrands payments programs as Google Pay

Google has brought all of its payments platforms under one umbrella with a new name: Google Pay. "With Google Pay, it'll be easier for you to use the payment information saved to your Google Account, so you can speed through...

Ant Financial, MoneyGram announce strategic alliance as merger collapses

MoneyGram and Ant Financial Services Group earlier this week announced they have mutually agreed to terminate their amended merger agreement following the inability to obtain the required approval for the transaction from the Committee on Foreign Investment in the United...

Picture Pay success prompts North Carolina FI to expand digital payments

Southern Bank, a Mount Olive, North Carolina-based financial institution, has expanded on its launch of Picture Pay photo bill pay. The bank has implemented other money movement features that include remote deposit capture and P2P, according to a press release...

Cellum, TransferTo partner on digital money transfer services

TransferTo, a global cross-border mobile payments network, has entered into strategic partnership with Cellum, a mobile wallet provider in Europe, to offer international money transfer services to partners via TransferTo's single connection to over 1,500 companies worldwide, according to a...

Report: Credit card rewards, online transfers thrive in Canada

While social media payments have yet to hit the mainstream in Canada, a new trade association report believes the increased collaboration between new-entrant fintechs and Canadian financial institutions suggests a new level of convenience for banking and payments is on...

Samsung Pay expands to mobile banking in South Korea

Samsung plans to make Samsung Pay more versatile in South Korea with a feature that will let users initiate funds transfers at two banks, according to local reports. Customers from Shinhan and Woori banks soon will have the ability to...

WorldRemit raises $40M to expand digital money transfer services

Digital money transfer service WorldRemit has raised $40 million to drive its next phase of growth, supporting its plan to serve 10 million customers connected to emerging markets by 2020, according to a press release. The Series C funding round...

MasterCard helps Nairobi merchants with SMS-based micro-loans

MasterCard has unveiled a new platform called Kionect, a digital ordering system that enables small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS, according to a press release. Orders submitted via a feature phone...

Canadian companies unite to offer digital remittance to India

Three Canadian companies are working together to build a new way of digitally transferring money securely and in real-time from Canadian bank accounts to international high-volume remittance corridors, starting with India, according to a press release. Interac Association and Acxsys...

Fintech startup Payrailz debuts to help small FIs with payments

Payrailz, a digital payments provider offering advanced bill payment and money transfer products to banks and credit unions, has officially launched. The Connecticut-based company wants to help financial institutions succeed by offering a smarter, faster and more engaging payment experience...

Square jumps on the bitcoin bandwagon

Square is dipping its toe into the bitcoin waters and testing support by enabling some Cash app users to buy and sell the cryptocurrency, according to multiple media reports. "We believe cryptocurrency can greatly impact the ability of individuals to...

PayPal launches domestic operations in India

PayPal has launched operations in India at a time when more Indian consumers are using mobile wallets as the government continues to push a cashless society. At launch, Indian consumers can use PayPal to shop online at some of India's...

Apple Pay Cash debuts in beta form

Apple's entry into the crowded mobile person-to-person payments market is now available to iPhone users as part of a beta for an upcoming version of iOS, according to multiple media reports. Users can access Apple Pay Cash via the apps...

TerraPay, Wari form pact for cross-border money transfers to mobile wallets, bank accounts

TerraPay and Wari, a global platform offering digital financial services, are partnering to strengthen the remittances ecosystem in 35 key African markets, according to a press release. The companies said the partnership is aimed at interconnecting the global money transfer...

ICICI Bank launches voice-based remittance service via Money2India mobile app

ICICI Bank, India's largest private sector bank by consolidated assets, has launched what it calls India's first voice-based international remittance service to enable non-resident Indians to send funds to any bank in India. With this new feature in the ICICI...

Japanese companies test new mobile payments service

Mizuho Financial Group Inc. and Mizuho Bank Ltd. have begun proof-of-concept testing for what they call pring, a wallet app for smartphones. Pring Inc., a member of the Metaps Inc.

Visa brings Visa Direct service to Europe

Visa has announced the European launch of Visa Direct, its real-time payments platform that enables companies to leverage Visa's global reach and scale to transform domestic and cross-border payments for businesses and consumers. Visa is working with payment service providers,...

US Bank launches 2 new digital payments products

U.S. Bank this past week announced two new digital payment products that are intended to make it easier for corporate and commercial banking clients to transition from paper to electronic payments, according to a press release. Disbursements via Zelle and...

Beem me up, Australia: Bank JV launches mobile P2P app

The Commonwealth Bank, Westpac, and National Australia Bank have come together to launch a mobile payment app that will enable instant payments for all Australians, including small businesses, regardless of who they bank with, according to a press release. Beem...

Remitly raises $115M in new funding round

Digital remittance company Remitly has agreed to raise up to $115 million in Series D funding, subject to applicable third party and regulatory approvals. The Series D financing will be led by Naspers' fintech investment division PayU, a global online...

Western Union to add MasterCard Send capability to transfer fund to US debit cards

MasterCard and Western Union are working together to integrate MasterCard Send into the Western Union money transfer service, enabling Western Union to deliver funds to virtually all U.S. debit cards, according to a press release. The companies said the alliance opens a new channel for U.S.

Western Union launches "Request Money" bot for Messenger in Philippines

Western Union Company has launched a new money transfer bot that enables money transfer requests through Facebook Messenger in the Philippines, according to a press release. Messenger users in the Philippines can use the bot to request money from friends...

D3 Banking Technology partners with Zelle

D3 Banking Technology is partnering with Zelle to enable its platform with a direct, API-based connection to the bank-owned person-to-person service. "The current P2P landscape is fraught with silos and divisions, often causing a subpar experience for the end user,"...

Venmo acceptance comes to 2M online merchants

Starting this week, Venmo users can shop on their mobile phone and make purchases at more than two million U.S. retailers via the mobile web, according to a press release. The new feature enables Venmo users to shop at millions...

BBVA joins mobile remittance ranks with Tuyyo

BBVA has launched a new mobile app called Tuyyo, which will enable consumers to send remittances to recipients in Mexico, according to a press release. The Initial Tuyyo transfer for a user will only include the FX costs, but be...

Europeans lead charge with mobile banking, payments, according to Visa survey

The uptake of mobile devices to manage money, conduct banking and make payments is greater than ever in Europe as 77 percent of Europeans now use their mobile devices to keep track of their finances and make everyday payments such...

Consumers more comfortable with nonfinancial providers for bill pay, money transfers

A substantial number of consumers are comfortable using nonfinancial providers for essential activities such as paying bills, transferring money to others and taking out loans, according to the latest consumer trends survey from Fiserv. The survey also found notable adoption...

Report: Ant Financial pushes forward with MoneyGram approval

Ant Financial is not giving up its desire to purchase MoneyGram as the China-based financial services company reportedly plans to resubmit an application to acquire the money transfer firm, according to a report from Reuters. The Committee on Foreign Investment...

TerraPay partners with mobile money service to increase options in India

TerraPay, a global transaction processing, clearing and settlement service for mobile wallets, announced that it has partnered with bux, a mobile app money transfer service, to launch instant cross border money transfers from Australia, Hong Kong, the U.K. and Europe...

Chinese HSBC mobile banking users can verify ID with a selfie

HSBC customers in China can now make payments with a selfie thanks to the introduction of facial recognition technology within the bank's mobile app. The feature enables users to add new payees to their account and transfer funds via the...

Google makes bigger play in India with Tez mobile wallet

Google today officially launched in India an iOS and Android app called Tez, which is a mobile wallet consumers can use by linking their bank accounts to pay for goods and services in brick-and-mortar stores and online as well as...

Société Générale brings mobile money service to Africa

Société Générale S.A., a Paris-based multinational banking and financial services company, is introducing a mobile money service in Africa with the goal of having 1 million accounts in the next three years, according to a press release. The service, called...

Allied Exchange launches cross-network mobile money system in Africa

Allied Exchange Africa Ltd., a digital payment service provider in Ghana, has launched a platform called Alexpay that is intended to bridge the gap between interoperability issues with mobile money services in the country, according to local reports. "The increased...

Venmo tackles e-commerce payments with Williams-Sonoma pact

Venmo wants to get itself involved in e-commerce and has struck a deal with Williams-Sonoma to let users of the mobile P2P app buy or split gifts across all Williams-Sonoma properties, according to a report from recode. "That is very...

WorldRemit launches digital remittance services in Nevada

Digital money transfer service WorldRemit has launched in Nevada, making it the 48th state in the U.S. in which the company operates, according to a press release. Customers in Nevada can now send funds to family and friends in over...

Zelle preps standalone mobile P2P app

Zelle, the person-to-person payments system supported by multiple U.S. banks, will finally debut its standalone mobile app Tuesday as the service attempts to make a dent in Venmo's supremacy in that market. Zelle has been available within the mobile banking...

MoneyGram expands MobilePass service

MoneyGram is significantly expanding its MoneyGram MobilePass service to thousands of U.S. agent locations, according to a press release.  MoneyGram initially launched MobilePass as a pilot program inside more than 3,000 U.S.

TerraPay, Instant Cash partner to launch global cross-border money transfers to mobile wallets

TerraPay and Instant Cash are teaming up to enable real-time cross-border money transfers to mobile wallets, according to a press release. Powered by TerraPay's global clearing and settlement service for mobile wallets, the partnership will make cross-border money transfer faster...

Apple, PayPal take stand against white supremacy groups

Apple and PayPal have each taken steps to distance themselves from the idea that they support the activities of organizations that support white supremacy in the aftermath of events in Charlottesville, Virginia. Apple has pulled Apple Pay support from websites...

Survey: Consumers prefer P2P apps to repay friends

Consumers across generational lines prefer to mobile applications as opposed to cash when paying other people, according to the recent U.S. Bank Cash Behavior Survey. Additionally, the survey found 47 percent of consumers surveyed prefer the use of digital apps...

TerraPay launches international mobile money transfers to Uganda

TerraPay has successfully obtained an approval from Bank of Uganda to facilitate international money transfers to mobile wallets in the country, according to a press release. This enables TerraPay's network partners across the world to send funds directly to mobile...

Italian mobile P2P service finds path to retail outlets

Jiffy, a mobile person-to-person payments service from Italy's Veneto Banca and its subsidiary Banca Apulia, is now available for consumers to use in retail stores, according to a press release. Jiffy's deployments has begun in Milan, Rome and Turin, enabling...

Hey Siri: Pay my cable bill

Royal Bank of Canada personal banking customers are now the first in Canada who can ask Siri to pay their bills on iPhone and iPad via the bank's mobile app, according to a press release. RBC also launched Interac e-transfer...

Western Union advances mobile remittances with BP Australia pact

Western Union has come together with BP Australia to expand digital remittance options in the country, according to a press release. For the first time in Australia, Western Union services will be enabled through the mobile app in 302 BP...

Study: Sub-Sahara Africa driving global market for mobile money

Sub-Saharan Africa accounts for more than half of all mobile money deployments worldwide and is pioneering a range of new mobile money use cases, according to new GSMA data. The latest State of Mobile Money in Sub-Saharan Africa presentation, made...

Visa touts free money transfers in Kenya via mVisa service

Visa announced that customers of a Visa-affiliated banks in Kenya will be able to send money to each other domestically without paying transaction fees using mVisa, according to a press release. The card network last year introduced mVisa, a QR...

Xpress Money links with TerraPay on mobile wallet remittances

Xpress Money, one of the world's most dependable money transfer brands, is partnering with TerraPay to enable real-time international money transfers to mobile wallets in Africa, according to a press release. Powered by TerraPay's global clearing and settlement service for...

Safaricom combats M-Pesa fraud with photo IDs

Safaricom is attempting to overcome some recent fraud issues with its popular mobile money service, M-Pesa, the old-fashioned way: checking photo IDs. Safaricom has told local news publications that it recently distributed some 25,000 pre-programmed smartphones to mobile money agents...

Huawei partners with WorldRemit to boost mobile money in Africa

Digital money transfer service WorldRemit and Huawei have announced a partnership to make WorldRemit's international money transfer service available to all partners of Huawei's mobile money service platform across Africa. The partnership, which was announced at the GSMA Mobile 360...

Safaricom plans upgrade to M-Pesa

Safaricom announced that over the next three weeks it will conduct a major upgrade of the popular M-Pesa platform, according to a press release from the company. This will be the third major upgrade since M-Pesa's launch 10 years ago,...

Singapore banks come together for new P2P service

The Association of Banks in Singapore announced that PayNow, a new person-to-person funds transfer service, will be available to customers from seven financial institutions starting July 10, according to a press release. Citibank Singapore Limited, DBS Bank/POSB, HSBC, Maybank, OCBC...

PayPal adds new instant transfer option to checking accounts

PayPal is on the verge of making it possible for its U.S. customers to instantly transfer funds to their bank accounts via eligible debit cards linked to their PayPal account, according to an announcement from the company. The move is...

TerraPay partners with Yes Bank to enable instant cross-border money transfer service in India

TerraPay has partnered with Yes Bank, India's fourth largest private sector bank, to enable real-time international money transfers to bank accounts in India, according to a press release. TerraPay has partnered with Yes Bank in what's called a Rupee Drawing...

WorldRemit adds Android Pay to mobile remittance app

WorldRemit has added Android Pay to its service, offering a new way for WorldRemit's Android Pay users to send money internationally and reach millions using mobile money accounts, according to a press release. Launching the global rollout of the service...

Banks make major P2P push as FIs start adding Zelle

Financial Institutions behind the Zelle person-to-person payments network from Early Warning Services will begin in earnest to add the feature to their mobile banking apps, according to a press release from Early Warning. Beginning this week and continuing on a...

Study: Consumers find payments more mobile, and personal

Consumers are paying more bills from mobile devices and making more person-to-person payments while starting to venture into digital wallets, according to a new study from Fiserv. Faster payments continue to be important to consumers, with 76 percent saying it...

Apple Pay Cash to debut this fall as mobile P2P market expands

One of the worst kept secrets in payments became official Monday when Apple revealed its entry into the person-to-person payments market with an upcoming system that will enable users to complete P2P transactions using iMessage. Apple made the announcement at...

WorldRemit, JMMB Money Transfer launch online transfers to Jamaica

Digital money transfer services WorldRemit and JMMB Money Transfer have partnered to offer bank transfers to Jamaica, according to a press release. WorldRemit customers can now send money quickly and conveniently to all bank accounts in Jamaica via JMMB Money...

Western Union digital service now live in 40 Countries

Western Union earlier this month announced that it has further strengthened its global digital money transfer footprint with the activation of its 40th transactional website, providing full digital access for cross-border person-to-person money transfer services across major developed nations...

Chinese tourists can use WeChat Pay in Toronto

Tourism Toronto has announced a new strategic partnership with OTT Financial Group that introduces the Chinese mobile payment service WeChat Pay at local tourism businesses to boost travel and shopping transactions by Chinese travelers, according to a press release. WeChat...

WorldRemit grows US footprint to 47 states

WorldRemit is expanding its service in the U.S. to allow 40 million migrants living in the states to send money directly from their mobile phone to the mobile phones of more than 112 million cell phones in the developing world—with...

TerraPay continues global expansion with mobile remittances to Tanzania

TerraPay, a mobile-first international payment network, has obtained regulatory approval from the Bank of Tanzania to launch international money transfer services to mobile wallets in Tanzania. This means that TerraPay partners all over the world can send funds directly to...

Pangea reaches more of Latin America with mobile remittance

Pangea Money Transfer, a mobile remittance app, has expanded its service into Honduras. The company's app is now available in six Latin American countries: Colombia; the Dominican Republic; El Salvador; Guatemala; Honduras; and Mexico, according to a press release. Chicago-based...

Report: Apple working (again) on mobile P2P service

Apple reportedly is seeking to reignite the idea of launching its own mobile person-to-person payment service that would compete with as Venmo, Square Cash and Zelle, according to a report from Recode. Apple could launch the service later this year,...

WorldRemit adds 2 Latin American countries for mobile transfers

WorldRemit has partnered with Millicom subsidiary Tigo Money to open up new remittance routes to El Salvador and Guatemala, according to a press release. The new routes will enable Salvadorans and Guatemalans abroad to send funds instantly to more than...

Wal-Mart links with Amex Bluebird for mobile funds transfer

Walmart and American Express have introduced a new service that will enable Bluebird prepaid debit cardholders to to digitally send money for cash pickup at Wal-Mart store locations starting in May, according to a press release. Accountholders can access the...

Social network payments reach $3T in China

A new UN study reveals that Alipay and WeChat Pay enabled $2.9 trillion in Chinese digital payments in 2016, representing a twentyfold increase in the past four years. The data shows that digital payments, using existing platforms and networks, provide...

Roger that: Comdata intros mobile payments for truckers

Comdata has introduced Comchek Mobile, a digital platform designed to enhance the simplicity, speed and security of funds transfers between companies and individuals in the trucking industry, according to a press release. Through the Comdata Proprietary Network, Comchek Mobile users...

Dutch banks join forces for European payment service Payconiq

Six Dutch banks have come together to announce a joint initiative to launch the Payconiq payment app in the Netherlands this summer, according to a press release. Payconiq is a mobile payment service that enables online, on-the-go and one-on-one payments....

Bangladesh to launch nationwide mobile payments in 2018

The Bangladesh government plans to launch a nationwide mobile payments system by early 2018, according to report by GovInsider. The government of Bangladesh wants to use the system to bring the nation's unbanked citizens into the financial mainstream.

Zelle banks processed 170M P2P Payments in 2016

Early Warning Services has announced that financial institutions in the Zelle network processed more than 170 million person-to-person payments in 2016, totaling $55 billion in aggregate transaction value. The Zelle Network, built on the foundation of the clearXchange Network, now...

Remitly expands digital remittances to the UK

Remitly, which calls itself the largest independent digital remittance company in the U.S., has announced its expansion into the U.K., the company's third send market after the U.S. and Canada.  "Europe is the second largest remittance market in the world," Remitly CEO Matt Oppenheimer said in a press release.

UK authority clears way for MasterCard purchase of VocaLink

The U.K. Competition and Markets Authority has cleared the way for the completion of the planned acquisition by MasterCard of London-based VocaLink Holdings Ltd., according to a press release. The authority has granted final approval for proposed remedies that address...

Apple Pay support comes to Western Union mobile money transfers

Western Union Company announced this week that U.S. customers using its mobile app can now pay with Apple Pay when sending money transfers, including domestic bill payments, from the U.S. to more than 200 countries and territories worldwide. Western Union said in a press release that the capability will be available to consumers in the U.K.

WorldRemit expands digital remittance options in Kenya

Digital money transfer service WorldRemit and KCB, the largest bank in East and Central Africa by deposits, have partnered to create a new instant option to send remittances to Kenya, according to a press release. WorldRemit said in the announcement...

BofA brings Zelle P2P tech to mobile banking app

Bank of America has become one of the first banks to integrate Zelle person-to-person payments service within its mobile banking app, the FI has announced in a press release. Zelle was developed by Early Warning, a service owned by member...

Mobile Payments Today seeks editorial contributors, bloggers

Mobile Payments Today is seeking editorial content in 2017 from industry thought leaders in the form of contributed articles and blog posts. We're looking for high-level thought leadership pieces that are free of a marketing pitch. Submissions should be between...

TransferWise intros bot for Messenger money transfers

TransferWise has completed an integration with Facebook Messenger that will enable its customers to remit funds to recipients in the U.S., the U.K., Canada, Australia or Europe, according to a company announcement. "When you're sending money, [the bot will] guide...

TerraPay launches mobile remittances from Spain to Nigeria

TerraPay, a mobile-first international payment network, is partnering with MoneyTrans, a money transfer company established in Europe and Africa, and Paga, a Nigerian payments and financial services company, to launch cross-border remittances from Spain to mobile wallets in Nigeria. Nigerians...

Norwegian banks band together to fight off mobile wallet competition

More than 100 Norwegian banks have come together with the DNB Group to take a stake in a P2P mobile payments app called Vipps, according to a press release. The move is reportedly meant to battle competition in the region...

Mobile Payments Today publishes new mobile app guide

One of the bigger trends to emerge in 2016 was how payments became a larger focus for retailers as they attempt to keep customers within their app for the entire shopping experience. To that end, Mobile Payments Today is proud...

Ant Financial to buy MoneyGram for $880M

MoneyGram, a global provider of money transfer services, and Ant Financial Services Group, parent company of the global mobile payment platform Alipay, have entered into a definitive agreement under which MoneyGram will merge with Ant Financial in a deal worth...

WorldRemit, Xpress Money partner on instant money transfer project

Digital money transfer service WorldRemit and global money transfer brand Xpress Money are partnering to open up new remittance routes to Jordan, according to a press release. Through Xpress Money’s agent partner network, WorldRemit customers will be able to make...

WorldRemit launches cash pickup service in Lebanon, Algeria

Digital money transfer service WorldRemit has launched a new cash pickup service in Algeria and Lebanon, according to a press release. In Lebanon, funds recipients can collect cash from more than 130 branches of Wings International. Algerian recipients can collect...

Facebook secures Irish e-money license for Messenger P2P payments in Europe

Facebook has secured a long sought-after e-money license in Ireland that will allow the social media company to bring Messenger person-to-person payments to Europe, according to multiple news reports. Facebook might have been seeking an e-money license in Ireland as...

MasterCard Send powering payments for some Wells Fargo commercial customers

MasterCard and Wells Fargo have announced that they're working together to speed up payments for Wells Fargo Treasury Management and Wells Fargo Merchant Services customers through MasterCard Send. ”Moving money is one of a treasurer's primary responsibilities, and it's our...

In a Jiffy: Italian bank launches mobile P2P service

Italy's Veneto Banca and its subsidiary Banca Apulia have launched Jiffy, a mobile person-to-person payments service, according to a press release. Jiffy users can exchange funds in real time with contacts on their smartphone. The service is available to Veneto...

European regulators lay foundation for mobile instant payment products

As tasked by the Euro Retail Payments Board, the European Payments Council has finalized the framework for pan-European instant payment solutions. The SEPA Instant Credit Transfer scheme paves the way for innovative payment products in euros — for example P2P...

Jack Henry partners with Early Warning to peddle Zelle to FIs

Jack Henry & Associates Inc. and Early Warning have announced a strategic partnership that will see Jack Henry resell Early Warning's Zelle person-to-person payments service to partner financial institutions, according to a press release. The Zelle network is open to...

Linked2pay adds real-time payments to platform

California-based linked2pay, a banking and payments technology provider, and Push Payments, a real-time payments platform provider, have announced that real-time payments are now an option on the Bank Centric Payments platform. This enables partners on the bank-integrated platform to offer...

US Payments Forum broadens focus on mobile payments

The U.S. Payments Forum has formed a Mobile and Contactless Payments Working Committee to explore the opportunities and challenges, identify possible approaches, and develop practical implementation guidance and best practices for the variety of mobile and contactless payments product being...

Siri PayPal transfers now a thing

PayPal announced this week that it was making it easier for its users to send funds to friends and family, thanks to an integration with Apple's voice assistant Siri. The company earlier this year integrated voice commands within its Venmo app.

Google Wallet adds P2P payments to web browsers

Google Wallet users now can send and receive funds transfers through a web browser app, according to a blog post from the company. "The new Google Wallet web app is here," Google wrote in the blog post. "[The app is] a fast and free way to pay friends and family, even if they don't have the Wallet app.

Viber joins TransferTo network to offer Viber Out credit

Viber, a messaging app, has joined the TransferTo B2B mobile payment network. The move is expected to enhance the experience of more than 800 million registered Viber users, expand the company's global reach and increase Viber Out revenue streams, according...

Philippines mobile payment firm secures $5 million, will provide bitcoin to the financially underserved

A Philippines mobile payment startup called Coins received a $5 million investment from global investors to reach unbanked people in Souheast Asia, according to JD Supra Advisor. The Series A round led by Accion Frontier Inclusion Fund will enable Coins...

Zelle preps for 2017 launch

Early Warning earlier this week announced Zelle, a person-to-person payments system supported by multiple U.S. banks, will launch in 2017.

Visa intros international B2B payment service built on blockchain technology

Visa has announced a preview of Visa B2B Connect, a new platform the network is developing to give financial institutions a "simple, fast and secure way to process business-to-business payments globally," according to a press release. Visa said it is...

WorldRemit links with MTN mobile money accounts in Cameroon

Digital money transfer service WorldRemit has launched instant overseas remittances to MTN mobile money accounts in Cameroon, according to a press release. With the WorldRemit app or website, the Cameroon diaspora can send secure money transfers directly to the phones...

Mobile P2P provider expands Circle to Ireland, Spain

Circle has officially launched its P2P app in Ireland and Spain, according to a blog post about the announcement. "People in those countries can connect any Spanish or Irish bank account to Circle to send and receive peer to peer...

Western Union launches mobile money transfer app in Canada

Western Union has launched its mobile platform in Canada for domestic and cross-border money transfers.

Eurogiro, TransferTo partner on bank mobile money services

TransferTo, a B2B mobile payment network, and Eurogiro, a global payments network, have partnered to give Eurogiro members the ability transfer funds to mobile money and bank accounts through the TransferTo payments network, according to a press release. The Eurogiro...

Citi joins clearXchange P2P network

Citi announced that it will join Early Warning's clearXchange network, enabling Citi's online and mobile banking customers to send or receive real-time person-to-person payments to or from customers of participating network banks by simply using the recipient's mobile number or...

HomeSend teams with Ethiopian bank on mobile remittances

HomeSend and the Commercial Bank of Ethiopia have announced a new remittance service at the U.S.-Africa Business Forum that will enable more than 100 million Ethiopians to send funds directly to any mobile number in the East African country. Launched...

Stripe teams with Visa, Mastercard in seperate deals for faster instant payouts

Stripe, an ecommerce payments provider, has announced two separate deals with Visa and MasterCard to improve the instant payout feature Stripe uses on its marketplaces. Instant payouts are available to U.S.-based sellers—including drivers, delivery people, errand runners, caregivers, or other...

Commonwealth Bank of Australia, Barclays join forces to simplify payments between Australia, UK

Commonwealth Bank of Australia and Barclays have joined forces in a technology partnership that links their respective payment app to enable their customers to send funds to each other. Consumers who use Commonwealth Bank of Australia's CommBank app and Barclays’...

MoneyGram launches new online money transfer service platform with Walmart

MoneyGram and Walmart announced the launch of what they're calling a new state-of-the-art online money transfer platform that offers customers new features and a streamlined experience when sending money through "We are pleased to be a part of this...

As quick as a Zelle? Banks rename P2P play

The banks behind the person-to-person service once known as clearXchange have renamed the service to something the Urban Dictionary describes as meaning best girl ever. Early Warning, which is owned by the banks participating in the P2P service, confirmed to the Wall Street Journal the new name as Zelle.

Mobile Payments Today releases new Mobile Wallet Comparison Guide

Choosing the right mobile wallet can be tricky and time consuming, but we've done the research for you! The 2016 Mobile Wallet Comparison Guide gathers in one spot a compendium of the industry's top mobile wallets, compiling their differing capabilities...

Early Warning adds MasterCard Send, Visa Direct to expand clearXchange

Early Warning today announced it will leverage MasterCard Send and Visa Direct to enable U.S. debit card holders to send and receive money through the clearXchange network, according to a press release from Early Warning.

MasterCard acquires VocaLink

MasterCard Incorporated today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Ltd. for approximately $920 million.

Russia's Yandex Money adds Apple Watch support

Yandex Money, which is considered the equivalent of PayPal in Russia, announced that it has released an app for its service for the Apple Watch. Consumers can use the app to top up their mobile phone minutes or transfer funds to other Yandex users, according to a press release.

Bitcoin wallet enables payments via Twitter

The bitcoin wallet iPayYou has launched its "Pay-by-Twitter" feature. With this tool, users can make peer-to-peer payments on Twitter, according to a press release. The company already enables users to send bitcoin through email.

Early Warning adds big-name banks to real-time P2P network

Early Warning, a provider of real-time payments, authentication and risk mitigation, has announced that Capital One, Chase and Wells Fargo will offer real-time payments through their P2P service on the Early Warning clearXchange network. According to a press release, the...

Survey: US consumers gravitate towards PayPal, Venmo

FICO's latest consumer finance trend research has revealed that a growing number of U.S. consumers are making transfers and payments over the internet and via mobile apps, according to a company press release. Some 19 percent of respondents currently use...

Wells Fargo preps for clearXchange

Wells Fargo is the latest bank to offer its customers real-time person-to-person payments through Early Warning's clearXchange network. Beginning Aug. 1, Wells Fargo's service will allow its customers to send funds in real-time at no cost to any customer of...

Thailand takes first steps towards cashless society

The first stage of Thailand's national electronic payment scheme will be ready July 15, according to a local media report. The new money-transfer system, called PromptPay, will require users to link a mobile phone number or national ID number to their demand deposit account to use the service.

Chase goes live with clearXchange mobile P2P payments

Chase customers can now send and receive money with customers of Bank of America and U.S. Bank by using Chase QuickPaySM.

Study: Mobile international remittances expected to exceed $25B by 2018

A new study from Juniper Research has found that international remittances — including airtime top-ups — via mobile phone will exceed $25 billion by 2018, up 67 percent from an estimated $15 billion in 2015, according to a press release...

Western Union opens digital door to Cuba for US consumers

Western Union today announced that consumers in the U.S. now can send remittances to receipients in Cuba via the Western Union app and online, according to a company press release. Consumers using or the mobile app in the U.S.

Money transfer app WorldRemit brings cash pickup service to Vietnam

Money transfer app WorldRemit has announced a new cash pickup service for Vietnam, one of Asia's busiest markets for receiving remittances, according to a company press release. Supplementing its existing same-day bank transfer service, WorldRemit will now enable customers to...

WorldRemit intros instant funds transfer to M-Pesa users in Albania

Money transfer app WorldRemit has launched instant money transfers to M-Pesa wallets in Albania, according to a press release. This means any Vodafone subscriber in Albania can now instantly receive remittance payments on their phone instead of travelling to a...

TransferTo, Barri partner to provide mobile money transfers in El Salvador

Barri Financial Group, a U.S.-based money transfer service provider, has signed a strategic partnership with TransferTo, a B2B mobile payment network, to enable real-time mobile money transfers to Tigo Money accounts in El Salvador. Barri said in a press release...

Seamless granted authorization to issue electronic money in Europe

The Swedish financial supervisory authority has granted Seamless, parent company of mobile wallet provider SEQR, the ability to issue electronic money in the country. Seamless said in a press release the move means SEQR users can send and receive funds worldwide in real time. Under the terms of the authorization, SEQR can also be used by minors.

WorldRemit links with Airtel Money wallets in Niger

Money transfer app WorldRemit has launched instant money transfers to Airtel Money wallets in Niger, according to a press release. This means that Airtel subscribers in Niger can now instantly receive remittance payments on their phones instead of travelling to...

Xoom expands services to 13 more countries

Xoom, the digital money transfer provider that PayPal acquired last year, announced it has expanded to 13 more countries, according to a company announcement. They include: Cyprus, Estonia, Finland, Ghana, Haiti, Kenya, Nepal, Nigeria, Lithuania, Luxembourg, Malta, Slovakia and Slovenia.

Remitly raises $38.5M to help global expansion

Remitly, a mobile and online global remittance service, has closed a $38.5 million Series C funding round, according to a press release. Stripes Group led this round and was joined by Vulcan Capital, both new investors in Remitly. Existing Remitly...

MasterCard, Western Union partner on mobile remittances in Bangladesh

The new service enables bKash's registered customers to use their mobile phones to receive remittances from abroad directly into their bKash mobile wallet accounts,

Mobeewave expands P2P app across Canada

PayMeTap, which is available for Android in the Google Play Store, lets users accept a payment by tapping a credit card against their smartphone.

Top US banks prepping for same-day ACH transactions

In a NACHA survey, 95 percent of respondents indicated that they will offer their clients same-day ACH origination services by year-end.

Singapore monetary authority mulls mobile payments

The body is thinking about creating a P2P system that would enable citizens to pay each other using a mobile number, email address or social media account.

Survey: M-wallets powered by differing technologies will coexist in the future

However, market consolidation within the next two to three years will reduce their numbers, according to a new report on trends in the global payments industry.

UK grants electronic money license to bitcoin company

Boston-based bitcoin company Circle has officially received an electronic money license from Britain. With this license, Circle will be able to work with big banks on money transfers.

Facebook might turn Messenger into a mobile wallet

The change would put the app on similar ground with offerings from Alipay and Tencent in China

Orange, Ecobank expand bank-to-wallet funds transfer service

Customers can use their mobile phones to securely transfer money between accounts at any time, without the need to go to a distribution point or to have any physical cash.

Western Union expands services in Cuba

The company expects to activate services in a phased approach by end of second quarter 2016.

Report: Global digital payments to reach $3.6 trillion in 2016

A new study from Juniper Research argued that the recent surge in contactless payments would continue.

Get a loan as easily as downloading a mobile app

Lenny is a mobile-only lending app that caters to millennials.

Terra inks pact with LexisNexis to protect mobile-first payment network

Terra interconnects mobile wallet service providers, banks and remittance companies to build a global network to serve remittance-dependent households in regions with low banking penetration.

Xoom partners with Pakistani bank to offer same-day deposits

National Bank of Pakistan is one of 25 banks that have now partnered with Xoom.

BofA goes live with clearXchange network

Early Warning is behind the new network.

Barriers remain to mobile money inclusion in Sub-Saharan Africa

Ericsson said a lack of awareness and basic prerequisites, and low appreciation of the benefits are some of the hurdles.

US Bank among first to go live on clearXchange with real-time payments

U.S. Bank is one of five banks that own the clearXchange network.

CFPB: Dwolla misled users about security practices

The agency ordered Dwolla to pay a $100,000 penalty and fix its security practices.

Square adds "cash" balance option to mobile P2P app

Users can use funds from the virtual cash drawer to make payments.

Ingo Money adds check-splitting feature

Ingo Money also announced new partner integrations to enable direct funding of PayPal accounts.

HomeSend and Vodafone to extend M-Pesa remittance

The two companies will work together to enable the real-time, mobile receipt of remittances by M-Pesa users in the Democratic Republic of Congo, Ghana, Lesotho, Mozambique and Albania.

Barclays' Pingit adopts BBM for mobile payments

As of today, BBM users can initiate mobile payment transfers to each other in seconds using the Pingit app.

M-Pesa partners with TransferTo for international money transfers

The global partnership is intended to makeit faster and easier for consumers and organizations to send money to multiple M-Pesa accounts in real time.

Paysafe links with UK-based mobile P2P app

Payfriendz users will now have access to a prepaid virtual MasterCard thanks to the partnership.

Popular Community Bank intros P2P mobile app payments

Customers can transfer funds to almost anyone in multiple ways: email; text; account-to-account; check; or PayPal.

Venmo expands to in-app mobile payments

Some users now have the ability to pay for event tickets on Gamete and gourmet meal delivery on Munchery.

Texas bank renews relationship with Western Union, adds mobile transfer

Woodforest National Bank customers can already access Western Union's money transfer and bill-payment services via the bank's branches and online banking website.

Mobile Payments Today report shows consumers not ready to embrace change

This year's state-of-the-Industry report contains 50-plus pages of charts, comparison data and actionable advice.

Apple might have bigger plans for iOS payments

The company has filed a patent for a system that would give iPhone users the ability to transfer funds to others through text, phone call and email.

M-Pesa expands coverage to Uganda

Uganda becomes the third East African country where Safaricom has introduced services through MNO deals.

Mobile Payments Today seeks editorial contributors, bloggers

We're looking for high-level thought leadership pieces that are free of a marketing pitch.

Estonia bank adds Transfer's money transfer service

LHV will launch the capability in its mobile banking app in 2016.

Pangea enables mobile money transfers via debit card

Consumers can now download the app, Pangea Money Transfer, and complete a transfer for a fixed fee of $3.95.

PayPal feels Super with TV spot for the big game

PayPal plans to make a splash at Super Bowl 50 and will do so with a 45-second TV commercial during the first quarter.

RS Software to deliver digital payments platform in India

The National Payments Corporation of India will use the company's software to accommodate the continuing growth of e-commerce and digital payments in India.

Seamless, Dwolla reach deal for mobile P2P in US

The companies expect to launch the system in the first quarter of 2016.

African fintech company expands M-Pesa connections

MFS Africa and Vodafone expand a partnership it first announced earlier this year.

Qatar Airways takes off with M-Pesa

Travellers can book flights either online or at travel agents and use M-Pesa as a payment option.

Uphold adds more P2P funding options

This is the second phase of the company's global rollout, following the recent rollout of similar functionality in Europe announced in October.

US WeChat users can now send Western Union money transfers

Western Union said the agreement marks WeChat as the first social communication application to provide a technology platform to support person-to-person cross-border funds transfer capabilities to more than 200 countries and territories.

Terra connects mobile remittances to digital wallets

The Connect API suite offers remittance service providers a single access point to plug into the Terra network to send and receive funds to and from any mobile wallet account.

PayPal completes Xoom acquisition

Xoom will operate as a separate service within PayPal.

Mobile P2P from Apple? You'll need the banks for that

Apple is reportedly in discussions with major U.S. banks to develop a mobile person-to-person payments service.

Cash by Code enables remittances to MEA region's unbanked

A new solution from Emerging Markets Payments lets people send money from their bank account to unbanked family, friends and others via the ATM network.

Companies team to make money transfers social

Fastacash and Xpress Money have launched a service that enables users to send and receive money through social networks and messaging channels, including Facebook, WeChat, WhatsApp and Twitter.

Real-time payments gets a boost in the U.S.

A group of U.S. banks have announced their intention to reboot their digital payments network, clearXchange, and combine it with Early Warning, a bank-owned fraud prevention and risk management company.

TransferTo launches mobile remittance hub to connect banks and MNOs for services

TransferTo said the Mobile Money hub launch means that consumers will be able to send funds in real time to mobile money accounts in Africa, Asia and Latin America.

Azimo adds mobile airtime top-ups to digital money services

Through a strategic partnership with TransferTo, the new service will enable Azimo's customers to instantly send airtime to prepaid mobile phones in over 100 countries.

Survey participants wanted for 2016 Mobile Payments State of the Industry Report

Mobile Payments Today has released its latest survey for the upcoming 2016 Mobile Payments State of the Industry Report.

MoneyGram, Vodacom partner on mobile money service in Tanzania

M-Pesa subscribers in Tanzania can receive funds from MoneyGram into their mobile accounts from customers in more than 120 countries.

Venmo tests groups feature

The P2P provider wants to make it easier for its users to track payments for clubs and similar organizations.

Moldova Bank enables ATM-based money transfer with Cash By Code

For security purposes, the transaction provides a two-part code and a 24-hour time window for cash withdrawal by the recipient.

PayPal to power P2P mobile payments in Blackberry Messenger

Users do not need to use the PayPal app to send funds.

WorldRemit expands mobile money service to Burundi

WorldRemit claims it's the first company to extend mobile funds transfers services to the African nation.

Virtual Piggy adds more functionality to Oink P2P mobile app

The Neon release of the app provides increased visibility and control of potential funders of the youth wallet.

Optimal Payments partners with Revolut on mobile P2P

The Revolut app enables users to set up an account in a matter of seconds to transfer funds globally via SMS, email, WhatsApp and social media channels using up-to-the-minute exchange rates.

Remittance companies team to launch mobile wallet services

Azimo customers in 20 European countries are now be able to send funds to mobile money accounts in Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines and Somaliland.

WorldRemit rolls out mobile transfer in Sri Lanka

Consumers in 50 countries can now transfer funds directly to eZ Cash mobile wallets.

Mozido expands presence in Africa with mobile wallet acquisition

The NettCash prepaid electricity product is being extended by integrating Mozido's Mobile Transaction Platform services.

Mobile money transfers expected to increase 150 percent in 2015

Several social media firms are already seeing a dramatic rise in service use, according to analysis from Juniper Research.

PayPal officially separates from eBay

PayPal previously was listed on the Nasdaq under the same ticker symbol "PYPL" before it was acquired by eBay Inc. in 2002 for $1.5 billion.

Remitly buys messaging provider to bolster customer relationships

The mobile remittance company wants to create an experience that combines payments and messaging.

Charitable donations now available through Popmoney

United Way, the largest privately supported nonprofit in the world, is one of the first national charities accepting donations through the service.

Barclays to support Zapp in the UK

After almost a year of delays, Vocalink plans to launch the system in October.

Western Union expands services to Rwanda and Ivory Coast

The new service enables MTN customers in both countries to receive a Western Union money transfer transaction in their mobile wallet.

PayPal acquires Xoom in $890 million deal

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 Money app coming to Nokia Lumia smartphones in Russia

Yandex said in the announcement that Microsoft will make the app available on Nokia Lumia smartphones this summer after a Windows Phone update.

Cellum to supply mobile wallet tech to Indonesian smart device-maker

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.

Report: Africa leads the way for mobile money services

Several African mobile operators — such as Vodacom Tanzania and MTN Uganda — are now generating more than 10 percent of their revenues from mobile money.

Banks officially launch clearXchange real-time payments

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.

US Bank renews contract with Fiserv for financial services

The FI will continue to offer its customers CheckFree RXP, Popmoney and TransferNow.

Virtual Piggy updates P2P app for teens

The Oink app enables consumers to manage their mobile wallet and acts as a standalone mobile account.

Russian online payment service partners with Western Union

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.

Transfast adds Pakistan for mobile money transfers

The company this past week launched mobile and online money transfer to nine banks in Pakistan.

Transfast expands mobile, online funds transfer service into China

Direct bank transfers can be sent to all major Chinese banks.

United Nations seeks cash-based transfers system for food program

The organization invites interested potential service providers to express their interest by completing the Request of Information downloadable.

Mobile financial services grow in Latin America and the Caribbean

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.

India's Axis Bank enables mobile transfers to social media contacts

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 brings mobile money transfers to Sri Lanka

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.

M-Pesa, MTN Mobile Money align services in Africa

Customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other following an agreement between the two companies.

Robocoin rolls out Romit cash remittance app

The company will exit the Bitcoin ATM business in order to focus on implementation of Romit software, which enables ATMs, kiosks and human cashiers to send money around the globe

Global report shows big strides in reducing numbers of unbanked

China saw the greatest increase with 15 percent of adults brought into the banking system; South and East Asia and the Pacific followed, with 14 percent apiece.

Microsoft Payments on the horizon

Microsoft has applied for state money transfer licenses to act as a money transmitter.

BitSpark secures funding, announces partnership with Bitgo

The cryptofinancial services provider says it has completed an external funding round and launched 100 percent multisignature reserves for the Bitspark Exchange platform.

Western Union enables Skype credit top-up at agent locations

Western Union said in a press release the strategic alliance advances its market leadership in enabling digital age participation by using a walk-in payment product for consumers.

Indian company intros mobile money products

Movit is a suite of products catering to the burgeoning mobile payments market in the region.

Square eyes businesses with new Cash features

Merchants now can use the app to get paid for goods and services.

Report: Business pros lean on mobile payments

Of 300 professionals surveyed, 52 percent said they use their mobile phones for payments, with business professionals in Asia-Pacific performing mobile payment transactions most frequently.

Paytm expands mobile wallet capabilities in India

Users can now send funds to any bank account in the country.

M-Pesa expands reach in Africa

Kenyan and Tanzanian users can now send funds to each other's mobile wallets.

Three more Kenyan banks link to M-Pesa

Transfast announced partnerships with three leading Kenyan banks for instant deposits, and the launch of the M-Pesa service

MasterCard expands mobile remittance services in Africa

At the Mobile World Congress, the card network announced two separate deals that put remittance services in the hands of citizens in Nigeria and Zimbabwe.

Report: GSMA finds mobile money customers continue to grow

Mobile money is now available in 61 percent of developing markets.

Bitcoin exchange gains access to M-Pesa through acquisition

The bitcoin exchange, named igot, buys TagPesa crypto exchange and remittance gateway.

More mobile money interoperability comes to Africa with Tigo Pesa

The company's customers in Tanzania can use the mobile money service to transact with users of all their country's mobile money networks following an agreement with Vodacom's M-Pesa service.

Tweet a payment with Barclays' Pingit mobile app

Consumers will also be able to us the service starting next month to pay small businesses.

Transfast latest entrant into mobile remittance market

Company's app features Apple Touch ID and scan technology for added security.

ICICI Bank digs into its Pockets for new mobile wallet in India

The bank describes Pockets as a digital bank with a mobile-first interface.

CO-OP relaunches mobile banking app with new features

CO-OP Mobile users now have the ability to send P2P payments and conduct remote check deposits.

Shazam adds speedy P2P transfer option to Bolts mobile app

Besides fraud prevention features, the app now includes a funds transfer service for accounts on the Shazam Network — and an interactive ATM locator.

Paym mobile payments service nears 2 million users in UK

Consumers have transferred more than 26 million pounds in funds since April.

Xoom launches digital funds transfer service in China

This instant bank deposit service enables Chinese immigrants with a US bank account, credit card, or debit card to send money online to most bank accounts in China within seconds.

Xoom adds Touch ID to mobile funds transfer app

Company also reports seeing high volume coming from mobile devices.

Calpian sees increasing use for mobile money service in India

Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use a mobile phone to pay for goods and services, or transfer funds from one cell phone to another using SMS text.

WorldRemit signs pact with African telecom for mobile transfer services

Partnership enables WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers.

Calpian trumpets mobile money service in India

Money-On-Mobile is a mobile payments service provider that enables Indian consumers to use their mobile phones to pay for goods and services.

Arizona bank adds P2P payments through clearXchange network

FirstBank Holding Company is the fourth member of the network, and the first regional FI to offer the service.

UK consumers want more mobile purchasing options, survey says

Some 47 percent of mobile users in the U.K. would like to use their mobile phone more to pay for physical or quasi-physical goods and services.

Japanese messaging app plans to take payments service global

Users will be able link a payment card to the Line Pay mobile app and then use the account to purchase items online or in storefronts at participating merchants.

Boost Mobile, Sprint apps feature gift card function

Consumers can buy gift cards from top retailers in gaming, entertainment, casual dining and apparel.

HSBC enables businesses to use Paym

Some 600,000 business accountholders now have the ability to sign up and use the service to receive payments from their customers.

Xoom intros cross-border bill payments

Xoom Bill Pay enables immigrants in the U.S. to pay bills online on behalf of relatives in Mexico, Guatemala, El Salvador, Nicaragua and the Dominican Republic.

Remitly updates mobile money transfer app

New features include e-authentication with Apple’s Touch ID and real-time exchange rates on Android.

GSMA spills details about Mobile World Congress Shanghai

Conference will focus on how mobile technology is revolutionizing and enhancing every aspect of individuals' lives.

Mobile payments comes to Snapchat thanks to Square

Snapcash enables P2P payments within popular messaging app.

Venmo adds new features to mobile app

Company updates app to provide extra layer of security for iPhone users.

Trade association set to host mobile payments session in DC

The Merchants Payments Coalition wants to educate Congress members and their staffs about upcoming innovations in payments.

Mahindra Comviva links two Tanzanian MNOs through mobile money

The service enables customers to send and receive money directly between the mobile money accounts of Airtel Money and Tigo Pesa.

Mahindra Comviva debuts mobile money service in Zimbabwe

The company says its connectMoney Service Manager creates an industry benchmark for mobile money by connecting financial open systems powered by MasterCard and other card networks.

WorldRemit expands mobile money transfer services to Latin America

An agreement with Bancomer Transfer Services adds 15 countries to WorldRemit's list of receiving markets, the company's biggest single expansion to date.

More UK banks join Paym

Clydesdale Bank, Isle of Man Bank, NatWest, Royal Bank of Scotland, Ulster Bank and Yorkshire Bank are among the new banks that will offer Paym this year.

Square adds BLE support to Cash iOS app

Square today added the ability for its Cash iOS user to send or request funds from anyone nearby using Bluetooth technlogy, according to a press release The new feature, which is part of an update for iOS 8, lets customers...

Mobile Payments Today publishes State of the Industry report surveyed consumers in the U.S., U.K., India and Brazil to discover how they are adapting to the growing mobile payments industry. Our fourth edition is available in five versions.

Blackberry expands BBM Money in Indonesia

New partnership with TransferTo will bring contact to contact airtime remittance enabled from within BBM.

Orange Money offers mobile transfers with Bank of Africa

Service is live in Madagascar and will be available in more countries in the coming months.

Instant P2P payments come to EverBank

Financial institution will use service from FIS that enables users to send funds to anyone with an email address or mobile phone number.

Study: Prepaid card users highly likely to adopt mobile payments

The greater the number of features -- such as mobile payments -- associated with a card, the greater the likelihood of customer retention.

Western Union expands transfer options in 5 countries

Consumers in Austria, Belgium, Germany, the Netherlands and the U.K. have the option to fund online and mobile Western Union Money Transfer transactions using their bank accounts.

Square updates Cash app; seeks more funding

Users can now send funds via text or email as company redesigns service with better transaction notifications.

Boston Fed provides update on mobile payments

Mobile Payments Industry Workgroup said industry and regulators are still trying to come to a common understanding about the different mobile technology solutions and how they impact the payments system.

Indonesian telecom adds mobile remittances

Some 60 million Indosat subscribers now have access to HomeSend, a joint venture between MasterCard, eServGlobal, and BICS.

Japanese bank intros Facebook money transfers

Rakuten Bank customers can send funds via the institution's mobile banking app.

Paym reaches 1 million registrants in the UK

Users have sent more than £6.5 million in funds using the P2P mobile app.

Barclays opens door to India with Pingit remittances

Senders will just need the recipient's phone number to complete the transaction.

UK Pingit users to have access to electronic gift cards

A week after the prepaid provider Blackhawk Network announced a partnership with the new Amazon Wallet, it aligns with Barclays for the bank's p2p mobile app.

Mobile payments coming to Snapchat?

Photo messaging mobile app Snapchat earlier this week filed two trademarks around processing peer-to-peer payments, funds transfers and online payments, according to an article from TechCrunch. The tech site reported that one of the trademards is for "computer application software...

Payments Council report claims UK leads the world in mobile payments

Following the April launch of Paym, a person-to-person mobile payment service, the U.K. Payments Council Thursday launched a research paper comparing mobile payments markets on an international basis.

Orange and BNP Paribas link mobile money transfer services in Africa

Orange and the BNP Paribas Group Monday announced a partnership that will offer retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones, according to a press release. This...

Cumberland Building Society extends relationship with Alaric, NCR

The U.K.-based financial institution has deployed the U.K. Payments Council’s Paym mobile payment service using Authentic and Fractals software from Alaric, an NCR company.

Ingo makes SDK available to make check funding an option in mobile apps

Ingo Money Inc. on Monday announced in a press release the availability of its software development kit that allows financial institutions and prepaid card issuers to integrate Ingo Money's mobile account funding services into their native mobile apps, enabling consumers...

MyCheck collaborates with PayPal to expand pay-at-the-table service

MyCheck, a checkout app for restaurants, has collaborated with PayPal to enable consumers to pay at table through the PayPal app. According to a release, the app enables users to select a restaurant from a list, check-in to the venue,...

MoneyGram to enable money transfers through PicomoPay Facebook app

MoneyGram is teaming with PicomoPay to allow its consumers in the U.S. to send money transfers via PicomoPay's Facebook application to more than 336,000 MoneyGram agent locations in more than 200 countries, according to a press release.

U.S. Bank adds real-time P2P payments using Fiserv

Fiserv Inc. today announced in a press release that U.S.

Facebook reportedly seeks money license in Ireland

Facebook might be on the verge of a payments play as it is reportedly seeking an e-money license in Ireland that would enable the social site's users to send and receive funds transfers, according to the Financial Times. If Ireland...

Research: Can Bitcoin succeed?

The mixed news and reviews of Bitcoin leave the public to wonder: Is Bitcoin on its last legs, or will it become a part of the mainstream payments infrastructure? What problems does this new currency solve compared with those that...

Mobile payments set to rise 40 percent in 2014, Juniper says

The value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40 percent year-over-year, according to a new report from Juniper Research. The report, "Mobile Payment Strategies: Remote, Contactless & Money Transfer...

Paym launches April 29 in the UK

The United Kingdom Payments Council Wednesday announced consumers in the U.K. now can enroll in Paym, a mobile-payment system that uses mobile phone numbers to identify recipients and eliminates the need for senders to know recipients' banking details. Paym launches...

Vodafone brings M-Pesa to Europe

Telecommunications company Vodafone on Monday launched mobile money transfer and payment service M-Pesa in Europe for the first time, according to a press release. Romanian consumers now can use M-Pesa, which is based on simple text messaging technology and operates...

Cachet Financial Solutions acquires prepaid mobile platform

Cachet Financial Solutions is expanding its prepaid mobile offering with the acquisition of DeviceFidelity's Moneto prepaid mobile platform and core Visa prepaid mobile money platform. In addition, the purchase of DeviceFidelity's prepaid mobile business unit provides Minneapolis-based Cachet with strategic...

Western Union expands mobile money transfer network in Nigeria

Western Union has launched a mobile money transfer service to Nigeria, increasing the reach of Western Union payout options in the country, the company announced. The new mobile money transfer service integrates directly with Paga, a leading Nigerian mobile payment...

Mobile payments technology firm set to get up to $5M in funding

Dallas-based payment processor and mobile payments technology firm Calpian is to receive up to $5 million in investment from entrepreneur Craig Hall, chairman and founder of Hall Financial Group. Calpian offers transaction processing services in the U.S., as well as...

Erste Bank launches m-payment app powered by Cellum

Central European financial institution Erste Bank Group has launched its branded mobile payment app in Hungary. Erste MobilePay, was developed by European m-commerce technology provider Cellum Group and is the first smartphone app in Hungary to offer person-to-person money transfers,...

McDonald's Sweden accepts QR code payments with SEQR wallet

McDonald's Sweden has added QR code payments to its mobile app with the integration of the SEQR mobile wallet from Stockholm, Sweden-based Seamless. The existing McDonald's app already delivers menus with nutrition and allergy information as well as offers and...

UK banks going ahead with Paym mobile payments

U.K. banks are on course to launch Paym (pronounced Pay Em), a person-to-person mobile payment service that uses mobile phone numbers to identify recipients.

MNepal, eServGlobal partner for Nepalese mobile financial services

MNepal, a consortium of bank and non-bank entities, is to offer financial services in Nepal in partnership with eServGlobal, according to an announcement from the companies. Paris-based eServGlobal provides end-to-end mobile financial services technology to emerging markets. The two companies...

MasterPass-enabled mobile wallet launched by Cellum, OTP Bank Hungary

OTP Bank Hungary has become the first European bank to launch a digital wallet with an integrated MasterPass application programming interface, according to announcements from MasterCard and app developer Cellum. MasterPass is a digital platform developed by MasterCard that allows...

Tyfone launches mobile banking platform for small and medium FIs

Secure ID and transaction provider Tyfone has launched its Fluide Mobile banking platform, initially targeting medium and small community banks and credit unions. More than 70 percent of current banking consumers are accessing online banking through mobile devices, according to the Portland, Oregon-based Tyfone.

MWC14: Active mobile money users up 64 percent worldwide in 2013, GSMA says

The number of active mobile money accounts worldwide rose by 64 percent to 61 million in June 2013 from 37 million in June 2012, the GSMA announced at the 2014 Mobile World Congress in Barcelona. According to the third annual...

CloudZync adds Android app to Zwallet

U.K. mobile wallet developer CloudZync has launched an Android app for its Zwallet mobile wallet.

Square turns on money request app

Square Cash, a new money request feature from mobile POS provider Square, allows users to request money from other people or groups by using the Square Cash app or by sending an email. The Square Cash app is available for...

India working to turn ATMs, mobile phones into P2P payment system

The Reserve Bank of India wants to make it possible for anyone to send money to another party, regardless of whether that party has a bank account. All the users would have to have is a mobile phone. According to a report from LiveMint, a government intermediary will be set up to facilitate the transactions.

MoneyGram, Vodafone partner for global mobile money transfers

MoneyGram and Vodafone have teamed up to enable customers to send money from MoneyGram locations to M-Pesa accounts worldwide. Customers of Dallas, Texas-based MoneyGram will be able to send money to M-Pesa accounts from 334,000 MoneyGram agents in 200 countries....

Payveris, D3 Banking partner for mobile banking and payments

Payments provider Payveris and banking services company D3 Banking have teamed up to deliver a single packaged service for banking and payments on mobile and online channels. Based in Wethersfield, Connecticut, Payveris offers bill payment, money movement and interbank transfer...

Xoom acquires BlueKite for cross-border bill pay

San Francisco-based digital money transfer provider Xoom has acquired BlueKite for $15 million in cash and equity. Guatemala City-based BlueKite has built a technology platform for cross-border bill payments and mobile phone top-ups. Xoom provides digital money transfer from mobile phones, tablets and PCs in 31 countries.

UK non-bank payments more trusted than contactless and mobile card payments

Young people and Londoners are leading the way in adopting cashless payments in the U.K., according to research by Mintel. The U.K.-based market research firm also found that non-bank electronic payment methods such as PayPal are trusted more than contactless...

Oxford University spin-out develops secure mobile payments

Security protocols developed at the U.K.'s Oxford University with U.S. military funding are to be used to create a secure mobile payment app.

Citi redesigns mobile banking app

Citi has launched a redesigned version of its Citi Mobile app for iPhone and Android devices. Citi said it has added new features, a cleaner, sleeker design, and alerts on-the-go to make it easier for its U.S. banking and credit card customers to check balances, transfer money and make deposits and payments.

Oberthur platform fuels Myanmar mobile money launch

Myanmar Mobile Money and its consulting partner Mobilemate Telecommunication have launched mobile money services in Myanmar using the MoreMagic m:Wallet platform developed by France's Oberthur Technologies. Based in Yangon, Myanmar Mobile Money provides basic financial services across Myanmar through its...

Emu app adds cash send and receive to emails

The money messaging platform has launched an app in the U.K. that allows users to send and request cash by email.

MTN Nigeria, Computer Warehouse Group plan Nigerian mobile money platform

MTN Nigeria and Computer Warehouse Group have announced a mobile commerce platform for the Nigerian market, reports Punch Nigeria. MTN Nigeria is a subsidiary of the South Africa-based mobile services provider MTN, and CWG is a Nigerian IT company. The...

Omanye Money launches international mobile remittances to Ghana

U.K.-based Omanye Money has launched an international remittance service enabling customers to transfer funds directly from their mobile phones to recipients' Airtel Money mobile wallets in Ghana. Airtel Money is a mobile money service operated by the multinational mobile operator...

T-Mobile's prepaid Visa card driven by Blackhawk Network

T-Mobile's new Mobile Money account and its associated reloadable prepaid Visa card, which were announced last week, are powered by technology and service provided by Blackhawk Network California. Based in Pleasanton, Calif., Blackhawk Network California is an affiliate of Blackhawk...

Mobile money transforms Kenyan banking market

Sixty percent of Kenyans now use their mobile phone for banking transactions and 64 percent of Kenyans send or receive money locally through their mobile phones, according to a study by the Kenya Bankers Association. Forty-eight percent of bank customers...

Visa Europe sees fourfold growth in U.K. contactless payments

Visa Europe said 30.3 million Visa contactless cards are now in circulation in the U.K. and that 293,600 contactless terminals have been installed in the country. The card scheme said Visa contactless card transactions increased fourfold year-on-year in the U.K.

AIB promotes P2P contactless payments with NFC posters

Allied Irish Bank is promoting its Me2U app for mobile P2P transfers via an NFC-enabled poster campaign. The Me2U app allows AIB's phone and Internet banking customers to send money from their Euro-denominated personal AIB Visa debit or credit cards...

Commonwealth Bank releases iPhone contactless stickers

Australia's Commonwealth Bank has made mobile wallets available for all its customers with the release of the new CommBank app and CommBank PayTag NFC sticker for iPhones. The release follows the launch of new CommBank apps and stickers for Android...

Zimbabwe taxes mobile money transactions

Editor's note: This story was updated on Jan. 20 to note that the tax will be levied in U.S.

Central Bank of Jordan plans mobile wallets

The Central Bank of Jordan plans to allow Jordanian banks and telcos to launch mobile wallets as part of its Jordan Mobile Payment project in March, according to The Jordan Times. Jordanians will be able to use mobile wallets for...

Dutch Bangla Bank, Bangladesh Krishi Bank join forces for mobile banking

Bangladesh's Dutch-Bangla Bank has launched mobile banking services at all the 1,026 branches of Bangladesh Krishi Bank. Under an agreement between the two banks, BKB will provide DBBL's mobile banking services such as account-opening, cash deposit (cash-in) and cash withdrawal...

Remitly raises $5.5 million

The mobile remittance firm Remitly has closed a $5.5 million Series A funding round, which was led by financial technology venture capital group QED Investors. Seattle-based Remitly, which was formerly known as BeamIt Mobile, enables U.S.

CaixaBank will add P2P payments to digital wallet

Spain's CaixaBank will add a person-to-person payments capability to its CaixaWallet digital wallet in 2014. The application will enable CaixaWallet-holders to transfer funds by sending QR codes, emails or text messages to each other.

'Airtel Money' reaches 1.8 million Zambian customers, now offers mobile insurance

Mobile operator Bharti Airtel is expanding the range of services that can be paid for with Airtel Money mobile money accounts in Africa. Bharti Airtel provides mobile communications services in 20 African and Asian countries. Its Airtel Money accounts can...

Mozido trials proximity P2P payments

Mozido, an Austin, Texas-based mobile payments and marketing software vendor, has launched a pilot of a mobile person-to-person proximity payment service. Mozido says its P2P service will allow people within proximity of each other to exchange funds using their mobile...

MasterCard in mobile remittance joint venture

MasterCard has expanded its role in mobile money remittances with the creation of HomeSend, a joint venture in which it has a controlling stake. MasterCard's partners in HomeSend are eServGlobal, a Paris-based provider of mobile money technology for telcos, and...

Mobile money services more popular than banks in Kenya

The use of mobile money services in Kenya has grown sharply in the last five years to overtake banks, according to the country's latest Fin Access National Survey, conducted this year. The Kenyan website Standard Digital quotes the survey as...

Square acquires P2P provider Evenly

Square has acquired the U.S. startup Evenly for its person-to-person payment app and wallet.

RBC releases Canadian Facebook money transfer app

RBC Royal Bank of Canada has brought person-to-person money transfers to Facebook via an enhancement to its existing mobile app. The new service notifies recipients of the arrival of funds via Facebook and does not require their email address or...

Barclays Bank of Kenya rolls out mobile cash access service

Barclays Bank of Kenya has launched CashSend, a cardless money transfer service that links mobile phones to Barclays ATMs, reports. The service will allow Barclays Bank of Kenya account-holders to use a Barclays ATM to transfer money to mobile phone subscribers.

Bank of Mexico promoting P2P payments via mobile devices

The Bank of Mexico is taking steps to promote the use of mobile devices for money transfers, according to Hispanically Speaking News. Customers can now ask their banks to link their deposit accounts to a mobile device to receive transfers....

Citrus Payments raises $5.5 million in funding

Citrus Payments, a Mumbai, India-based payments technology firm, has raised $5.5 million in funding from a group of investors, Business Today reports. Participants in Citrus Payments' second funding round include econtext Asia, a Japanese online payments company, and Beenos Asia,...

Co-op digital wallet to provide pay-anyone payments and global mobile access

Co-op Financial Services has introduced a new version of its Sprig digital wallet platform with new services from its long-standing business partner, Jacksonville, Fla.-based processor FIS. Co-op provides services including shared branches and call centers, ATMs and card processing for...

Oberthur, mBank partner for mobile microfinance

Mobile branchless banking provider mBank has formed a partnership with MoreMagic, a subsidiary of the Paris-based digital security firm Oberthur Technologies. Amsterdam-based mBank is using MoreMagic's m:Wallet technology to provide mobile insurance, credit and loan products as well as mobile...

Ally Bank adds Popmoney to mobile banking app

Ally Bank has expanded its mobile banking app to allow smartphone users to send and receive money through Fiserv's Popmoney. The bank also announced it will allow recurring electronic fund transfers between Ally and non-Ally accounts. Ally has offered Popmoney...

Barclays' Pingit enables large company payments to individuals

Barclays has added a feature to its Pingit mobile payment and P2P transfer service that gives large U.K. businesses such as insurers, retailers and utility companies the ability to pay individuals using their mobile phone numbers. The U.K.-based bank says...

Pop(money) goes the awards for Fiserv's P2P solution

Popmoney, the peer-to-peer payments service from the financial services technology solutions provider Fiserv, recently took top honors in the Mobile Money Global Awards and the Mobile Excellence Awards. Both programs recognized the solution's potential to transform personal payment habits as...

Telecom Italia, Visa Europe expand NFC partnership

After running mobile payments pilot projects near Milan, Telecom Italia and Visa Europe have announced they will expand the program across Italy. Consumers using selected NFC-enabled smartphones will receive a TIM-branded Visa card and be able to make contactless payments...

Singapore FI adds P2P payments to mobile banking app

Maybank Singapore has enhanced its mobile banking app to allow customers to make peer-to-peer payments via text message. Both the app and the new service, Maybank Mobile Money, run on the Mobeix platform from mobile solutions provider Tagit, the company...

P2P payment provider M-Pesa expands in India

Vodafone India and ICICI Bank have launched M-Pesa in Assam and other northeastern Indian states, The Times of India reported. The mobile money transfer and payment service has been lauded for providing access to financial services for unbanked and under-banked...

Ally Bank adds to mobile payments suite

The direct bank Ally Bank has integrated Fiserv's Popmoney peer-to-peer payment service into its mobile app and added a new mobile money transfer function, according to Bank Tech.

Norwegian man reaps Bitcoin bonanza

A young man man in Norway who bought Bitcoins as part of a research project is smiling after learning the investment could be worth up to $1 million. According to The Guardian, Kristoffer Koch spent about $27 for 5,000 Bitcoins...

New transaction fees haven't slowed mobile payments in Kenya

Although the Kenyan government raised mobile money transaction fees earlier this year, the most recent figures show that mobile payments have increased nearly 22 percent year-on-year, according to Ventures, citing a report by the Central Bank of Kenya. The 10-percent...

Bank brings mobile payments to Lithuania

A Lithuanian bank has launched a mobile banking service that lets customers transfer funds and pay for money orders via smartphone. Danske Bank said it is the first bank to offer mobile payments services in the northern European nation.

Former Netflix CFO joins mobile payments startup Clinkle

Clinkle, the inscrutable startup that vows to shake up the mobile payments world, has a new COO: former Netflix CFO Barry McCarthy. McCarthy spent 12 years with the online media streaming service before leaving in 2010. He has since been...

Bitcoin prices rebound after Silk Road closure

The digital peer-to-peer currency Bitcoin has seen its price bounce back after a market crash in April. The price on Mt.

Proposed regulations may end MPesa dominance in Kenya

New draft regulations published by the Central Bank of Kenya include recommendations that E-money issuers use open systems that allow interoperability with other payment systems in Kenya and globally. According to The Star, the proposals, if enacted, could end the...

UK bank reform could lead to text-message payments

The U.K. government has outlined plans to reform the bank payment system, potentially leading to people being able pay their friends by text message, according to The Telegraph (U.K.). The U.K.'s new Financial Secretary to the Treasury announced that new...

Tyfone adds P2P service for Colorado credit union; also testing Connected Smart Card

Tyfone, a secure mobile ID and transactions solutions provider, has integrated Acculynk's real-time person-to-person money movement service, Payzur, into the Tyfone-based mobile banking iPhone and Android applications adopted by Boulder Valley Credit Union in Colorado, according to a company announcement....

Monitise adds bill pay, cardless cash withdrawals to BlackBerry Money

Indonesian mobile financial tech company Monitise has added bill payments and cardless cash withdrawals to BlackBerry Money, its BlackBerry Messenger peer-to-peer payments service. BlackBerry Money launched earlier this year through a joint venture with BlackBerry, Astra Graphia Information Technology and...

PayPal closing in on deal to buy Braintree

Sources close to the discussions say PayPal is closing in on a deal to buy Braintree Payments Solutions, The Wall Street Journal is reporting. The deal could put the online payments giant square in the center of the growing mobile commerce market, the Journal said.

Telco aims to bring mobile payments to Azerbaijan

The Azerbaijani mobile operator Azercell Telekom plans to launch a mobile payment service for subscribers, according to Trend, which reports that the announcement came Friday during a news conference. The service, which is set for rollout by mid-2014, will handle...

App Store now includes Google Wallet

Google Wallet is now available for Apple acolytes. The free app is optimized for the iPhone and iPad. Though the app won't support in-store payments (still no NFC in Apple products), it will allow users to send money to U.S.

Google Wallet: It's not just for NFC anymore

One reason behind the tepid response to Google Wallet was its dependence on NFC-enabled phones for its use. That restriction is about to lifted, as today the company announced it will roll out a new version for all devices that...

Vodafone India rolls out M-Pesa mobile payment service in Delhi, NCR

After launching in other regions of India this spring, M-Pesa, the mobile money transfer and payment service owned by Vodafone, has launched in Delhi and national capital region. Vodafone said the service will be available through 1,400 authorized agents and across 130 Vodafone retail stores. M-Pesa debuted in Kenya in 2007.

Nigerian poll finds that 6 in 10 unaware of mobile money services

Nigerians generally aren't familiar with mobile money services available in their country, and of those who are, only a relatively small percentage are using the services, All Africa reports. The findings, from a poll conducted by NOI Polls Limited, a...

Jamaican credit union rolls out mobile payment system, eyes remittance component with MoneyGram

A Jamaican credit union is rolling out a mobile money solution that includes a plan to compete with Western Union. According to The Gleaner, a publication based on the island nation, the Jamaica Co-operative Credit Union League, or JCCUL, has...

New Realex banking product taps mobile to create 'pay circles,' links accounts to Facebook

After several years of beta testing, the Irish payments processor Realex has launched its first personal banking product. Realex Fire will let users lodge and withdraw funds, create a circle of people to pay, send and receive payments, operate multiple...

American Express Serve will find a new home in the Isis mobile wallet

American Express Serve will be introduced to the Isis mobile wallet, the companies announced today. The new co-branded account will be offered in every Isis mobile wallet as a part of a nationwide launch later this year, enabling millions of...

Turkish bank gains traction with mobile payment app

BKM, the Interbank Card Center of Turkey, said its mobile application, which allows users to make payments to e-commerce merchants and transfer money through mobile phones, has caught on in its first year. According to, BKM Express, launched last...

UNICEF calls on mobile payments

The United Nations Education Fund, or UNICEF, is partnering with First Bank of Nigeria to provide mobile payment accessibility to UNICEF Health Scheme beneficiaries, according to First Bank's mobile payment service, FirstMonie, will help UNICEF pay funds to beneficiaries...

M-PESA meets Bitcoin with new service in Kenya

Known as one of the most innovative — and to date, successful — mobile money programs in the world, Kenya's M-PESA is now dabbling in virtual currencies thanks to a new service called Kipochi. According to an article on CIO,...

Nigerian mobile money provider offers ticketing and transportation access

Nigeria's Fortis Mobile Money is working with one of that nation's largest transportation carriers, ABC Transport PLC, to offer mobile ticketing and payments. According to a report on, travelers on ABC Transport routes in Nigeria and West Africa will...

Polish banks partner on new mobile payment standard

Poland's largest banks are teaming on a new mobile payment and mobile banking standard scheduled for launch later this year. The banks involved in the new scheme are PKO BP, Alior Bank , Bank Zachodni WBK , BRE Bank and...

Square discontinues gift cards

No more gift cards through Square. According to Reuters, the mobile-POS-turned-mobile-wallet provider is ditching its gift card program. Launched last year, Square's gift card effort allowed users of Square Wallet to send prepaid virtual gift cards for Square-accepting merchants to a friend via email.

Gemalto providing prepaid cards to Brazilian mobile payment service

Digital security provider Gemalto will supply prepaid EMV payment cards to Mobile Financial Services, the new joint venture formed by Telefónica and MasterCard Worldwide. The news comes as a part of the launch a new payment service called Zuum offered...

M-Pesa launches mobile money service for SMBs

For some time, Kenyan M-Pesa has been the model for peer-to-peer mobile money transfer. The mobile money platform from wireless carrier Safaricom now boasts around 17 million subscribers. Now M-Pesa is looking to become a tool for businesses as well,...

British banks to Zapp mobile payments

The U.K. may be getting a new mobile money platform, one that could link every major British bank and serve as an example for how financial institutions can work together to make mobile payments a reality. According to Sky News,...

Indian mobile money platform My Mobile Payments Ltd seeking up to $100M in funding

Showing the huge potential for India's mobile payment market, India's Business Standard is reporting My Mobile Payments Ltd., a Mumbai-based mobile money platform, is in the process of raising $75 million-$100 million in Series B funding. This follows an investment last year from Calpian Inc.

Barclay's to extend Pingit P2P service to shopping

U.K. patrons of Barclay's Pingit mobile payment app will be able to use the tool for making purchases.

CSI puts a new 'SPIN' on P2P payments

Computer Services Inc., a provider of end-to-end technology solutions for FIs, has introduced its Social Payments Instant Network, which enables banks to provide customers with greater P2P payment functionality through CSI mobile and Internet banking applications. Traditional P2P providers let...

MoneyGram, Lebara sign agreement on mobile money transfers

Money transfer service MoneyGram has signed an agreement with European carrier Lebara Mobile. Through the partnership, Lebara's U.K.

Nigeria's mobile money providers to develop standards

Nigeria's central bank has been pushing mobile payments as a mechanism to address the nation's high rate of unbanked consumers. To that end, the country's Association of Licenced Mobile Payment Operators is looking to develop standards and build a framework...

Indian Railways to begin mobile payments, ticketing

One of the world's largest railway systems is going mobile. According to the Economic Times of India, IRCTC, the subsidiary of the Indian Railways that handles ticketing, will begin offering train tickets via SMS messaging beginning in July. To use...

Apple piques more speculation with another mobile payment patent

There are few questions mobile payment followers like to debate with as much gusto as "What's Apple up to?" A new patent application unearthed by Apple Insider will only add to the discussion. The patent, filed earlier this year, is...

Bell ID's new solution moves secure element to the cloud

Security provider Bell ID has launched a new product aimed at simplifying the provisioning of services that use NFC. The product, called Secure Element in the Cloud, manages the provisioning process in a secure remote environment instead of on the mobile device itself.

Monitise, Blackhawk ink deal on providing mobile prepaid and giftcards

Prepaid provider Blackhawk Network Inc. and mobile money network Monitise PLC have announced an agreement to enable mobile gift card purchasing as well as the intention to expand their relationship into additional markets.

M-Pesa's new platform expands capacity, supports real-time mobile payments

M-Pesa, the mobile money system run by wireless provider Safaricom, has been the standard for mobile money since its inception in 2007 in Kenya. Today, M-Pesa is providing more than 16 million Kenyans with access to basic financial services, and...

M2CASH becomes V2PAY

Barely into its second year, M2CASH is expanding and rebranding. The real-time mobile money transfer product will now be one of several tools offered by the newly christened V2PAY Group. Along with M2CASH instant money transfer service, which will now...

Boost Mobile, Wipit offer mobile wallet to prepaid subscribers

Prepaid wireless provider Boost Mobile, a subsidiary of mobile network operator Sprint, has announced a new mobile wallet for its customers. The Boost Mobile Wallet powered by Wipit, a mobile payment provider whose services target the unbanked. The mobile wallet...

The mysterious Square Cash, Square's new P2P service

Peer-to-peer mobile payments is gaining more players. Last week, Google announced the ability to send funds to anyone using Gmail and a Google Wallet account. Now it looks like Square is getting into the game. Drew Olanoff from TechCrunch first...

BlueSnap's new merchant tools make online, mobile commerce easier

BlueSnap, a payment gateway provider, announced its new SnapConsole today. SnapConsole is a payment management console and platform meant to give merchants an easy option for online payments and commerce.

Hungarian mobile payment system on schedule despite financing setback

Budapest Business Journal is reporting the national mobile payment system for Hungary will launch on time this fall despite issues over loans meant to pay for developing the network. The system, announced earlier this year, is run by state-owned Nemzeti...

MasterCard, Telefónica first mobile money service set to launch

Mobile Financial Service, the Brazilian joint venture announced last between wireless carrier Telefónica and MasterCard Worldwide, is ready to launch Brazil's first mobile payment service: Zuum. According to MFS, the service will launch in five cities in the state of...

Monitise, Visa Europe complete deal

In March, Monitise PLC and Visa Europe announced a three-year agreement that will see, among other things, the deployment of Monitise's mobile money technology to financial institutions. The agreement was worth €45 million ($59 million) to Monitise.

RBC and Bell bring another mobile payment scheme to Canada

The Great White North is getting another mobile payment scheme, a partnership between the country's largest bank and its largest carrier. RBC and Bell announced they will be launching an NFC-based mobile payment product later this year for RBC mobile...

OxiCash Money Transfer launches as India's 1st RBI-approved mobile wallet for unbanked

Yesterday, India's payments solutions provider Oxigen unveiled its instant money transfer service, OxiCash. This "mobile wallet" enables India's unbanked population to transfer money with ease to any bank account and receive money into their wallet at any time.

Pageonce rebrands as Check

Personal finance and bill payment app Pageonce is rebranding itself as Check. Used by more than 8 million customers, the Check app lets users link all of their financial accounts in one place and pay bills directly from the app.

PayZang offers mobile payment app for nonprofits

Payment technology provider PayZang has announced a new mobile application that lets nonprofits accept donations via credit card and ACH payment.

Dwolla raises $16.5 million in Series C funding

Payment network Dwolla has grabbed another $16.5 million in funding. The company announced that the Series C round was led by Andreessen Horowitz and included previous investors Village Ventures, Thrive Capital, and Union Square Ventures.

CSI targets corporate travel with its virtual credit card

CSI Enterprises Inc. is a provider of payment solutions for enterprises and businesses.

Fiserv adds real-time money transfer to its P2P service

Financial tech provider Fiserv Inc. is revving up Popmoney Instant Payments.

Visa Europe improves P2P mobile payments service

Visa Europe has announced major improvements to its mobile payment service Visa Personal Payments, including support for multiple currencies and "immediate payment" functionality. The pending upgrades will let customers make instant person-to-person payments to any Visa cardholder in Europe, in...

MPOS provider payleven opens service for personal transactions

European mobile point-of-sale provider payleven is making electronic transactions easier and changing what it means to be a merchant and a consumer. With a new set of tweaks to its sign-up process, the company said it is implementing a paperless...

Fiserv ACCEL/Exchange now just Accel

The applications are broader, so the name needed to be shorter. The streamlining of Fiserv "ACCEL/Exchange" to simply "Accel" is the result of a repositioning of the debit payment network, and a reflection of its current "ability to accelerate funds...

Parkmobile expands services in the UK

Atlanta-based Parkmobile is expanding its services in the U.K, extending a payment powered cashless parking system in the Royal Borough of Windsor and Maidenhead in southeast England. Commuters and residents will be able to pay for parking using only their...

Western Union partners on Nigerian mobile money solution

The Western Union Company is partnering with Nigerian payment operator Virtual Terminal Network to offer a mobile money transfer service that will allow consumers to use Western Union to fund a VTN VCASH account, according to a press release. Using...

Dwolla hit by DDoS attack (UPDATED)

(UPDATED) Alternative payment provider Dwolla has been hit by a distributed denial of service attack that took the company's website down for a period of time yesterday. The website is back up but a post on the company's blog said...

Ghana's central bank, government grapple with mobile money adoption

Reflecting issues faced by nations worldwide trying to implement mobile payment programs, Ghana's National Communications Authority, the governing body responsible for overseeing that country's telecommunications industry, is working with the central Bank of Ghana to boost consumer awareness of mobile...

Fargo bank adds Fiserv mobile banking, payment tools

Fiserv Inc. has announced that another financial institution has selected its Mobiliti mobile banking suite.

Tagattitude, Afrimarket partner on cross-border payments with sound-based solution

Cross-border fund transfers and remittances from workers living abroad to their families in developing regions is a large market. Tagattitude, an electronic transaction provider behind the TagPay platform, has announced a new partnership with a startup called Afrimarket to address...

WeChat to offer 300M subscribers mobile payments

Three hundred million chat users are about to get a mobile payment tool. This according to news site Sohu via Asian tech site TechNode.

Boston College partners with looped in for mobile payments

Boston-based mobile payment provider PXT Payments has announced a deal with Fenway Sports Management that will see the company's looped-in mobile payment technology promoted at Boston College sporting events in exchange for the company's sponsorship of Boston College athletics. Fans...

Mobile payments on the Italian Magic Bus

Italian mobile payment consortium Movincom has launched its first pilot program with partner AIM Mobilitia and Magic Bus, a local transport company in the Vicenza province. Beginning next week, riders on four routes will have a mobile payment option that...

RBS, NatWest offer P2P service

Royal Bank of Scotland and NatWest have announced a new service for their mobile banking customers: peer-to-peer payments. According to a report in the Guardian, the new program will allow users to send money to any Visa cardholder using only...

Within 2 months, 200 FIs add Shazam Bolt$ mobile app

Less than 60 days after its launch, the Shazam Network mobile app is live at more than 200 of the network's participating FIs. The app allows debit cardholders to use a smartphone or tablet to check balances, set parameters for...

Monitise, Visa Europe agree to three year partnership

Monitise PLC and Visa Europe have signed a new three-year commercial agreement, the companies announced. The deal covers the development and deployment of Monitise mobile technology — including Buy Anything mobile services and Bank Anywhere and Pay Anyone products —...

Fiserv integrates P2P service into mobile banking platform

Financial services technology provider Fiserv Inc. is looking to expand the use of its Popmoney peer-to-peer payments product.

Indonesian mobile money product for BlackBerry devices launches

Indonesian bank PT Bank Permata TBK, BlackBerry and mobile money provider Monitise PLC announced that BBM Money, a mobile money product for BlackBerry smartphones, is being deployed in Indonesia. This is the official launch of the mobile money product Monitise...

Acculynk, PULSE partner on P2P payments

ATM and debit network PULSE has announced it's enabling Acculynk's Payzur debit-based peer-to-peer payment solution across its network. The upshot of the partnership is that PULSE participants and their cardholders will now have access to an additional real-time P2P solution....

Renters picture a new payment option with Jumio

Jumio Inc. is teaming with RentPaidOnline, a service of EFX Financial Services Inc., to make paying the rent as easy as taking a picture.

Ticketmaster to offer digital, mobile ticket transfer

Ticketmaster is going digital, introducing a new digital ticket transfer service for North American Ticketmaster tickets. Through the service, ticket buyers can transfer authenticated tickets to someone else through their Ticketmaster accounts.

Visa announces managed mobile money services

Card brand Visa Inc. announced its new plug-and-play mobile money platform aimed at making it easier for financial institutions and mobile network operators around the world to offer mobile financial services to consumers.

Virtual money buys actual pizza

Domino's Pizza has joined a new online startup,, that allows consumers to buy a pizza using virtual currency Bitcoins. According to, customers place their orders on Then, site owners Matt Burkinshaw and Riley Alexander collect their virtual...

Amex lets cardholders buy with tweets

American Express is going beyond discounts and adding purchasing to its social tools. Amex members who link their cards to their Twitter accounts will be able to make purchases by tweeting special hashtags.

Banks, credit unions get white label P2P solution from FIS

Bank tech provider FIS has announced a new peer-to-peer mobile payment product called FIS People Pay, a white label product aimed at financial institutions. The P2P product lets bank customers and credit union members send payments to others through their...

Monitise piloting BlackBerry mobile money service in Indonesia

Monitise PLC has announced that it will collaborate with two other partners on the first mobile money and payments solution to be built on the BlackBerry Messenger platform.

Swedish transit gets a Seamless transition

Since Feb. 1, Seamless, the Stockholm-based company behind the SEQR mobile payment product, has been running the mobile payment ticketing system for Västtrafik, the public transit system for Västra Götaland in Western Sweden.

Social P2P app TippingCircle launches in public beta

TippingCircle is a new peer-to-peer mobile payment app that connects users through their social networks so that they can send and receive money with online friends using a PayPal account. The service has announced that it is releasing a public...

ICICI Bank and Aircel providing mobile money solution to India's underserved

ICICI Bank of India, the country's largest private sector bank, is launching Mobile Money with wireless provider Aircel. The program, aimed at the nation's financially underserved population, will run on card brand Visa's platform. Mobile Money will provide unbanked consumers,...

Sionic Mobile announces its ION platform for FIs

Sionic Mobile has announced that it is releasing a new white-label mobile community marketplace platform for financial institutions. The ION Local m-commerce platform lets FIs provide customers with a mobile payment, loyalty and reward program. To use the platform, consumers...

Bank of Ireland offers P2P service to account holders

Bank of Ireland has announced that it's launching a new mobile payment service that allows users to send and receive money to other bank customers using only a mobile phone number. The new service, called Pay to Mobile, is the...

Dwolla partners with the state of Iowa

The folks at Des Moines, Iowa-based payment startup Dwolla are showing that rebels can be good citizens. The company, which proudly proclaims its role as a potential disruptor in the payment space, is working with the Iowa government to provide...

Ethiopian government approves mobile money

Ethiopia will join the growing list of developing economies embracing mobile money as a way to address the needs of the unbanked. According to a post on IT News Africa, the Ethiopian government has given its approval for banks and...

Forrester: mobile payments to see 48% CAGR through 2017

If this week's National Retail Federation "Big Show" in New York didn't demonstrate the growing interest in mobile payments, with its multiple panel discussions and vendor booths dedicated to omnichannel commerce, perhaps a new report from research firm Forrester will...

UK banks to launch mobile P2P network next year

The U.K. is set to take the lead in person-to-person mobile payments.

Shazam intros mobile app for debit cardholders

Shazam has announced the launch of Shazam Bolt$, an app for smartphones and tablets that allows financial institutions to offer their Shazam debit cardholders free, mobile access to their debit card accounts. The EFT services provider has also created an...

Myanmar to get mobile payment services

Myanmar will be getting a prepaid mobile payment service courtesy of a new joint venture led by Emida Technologies, a California prepaid services company. Emida announced that it has signed a memorandum of understanding with three companies to bring a mobile payments scheme to the Southeast Asian country.

Payelp, Qiwi offer virtual prepaid card

Woodland Hills, Calif.-based payment gateway provider Payelp Global is partnering with Qiwi, an electronic and mobile money provider catering to eastern European markets, to introduce a new virtual prepaid card. The product will be offered to Payelp merchants looking to sell their products in markets where credit cards are not prevalent.

Nigerian mobile money market to hit $1B by 2015

Developing markets, where consumers may have limited access to basic financial services, have become test beds for mobile money schemes, providing the underbanked the secure, reliable means to pay bills, transfer funds and store money. According to a post on...

PayPal uses a gifting app to encourage mobile payments in Sweden

Swedish gifting app Wrapp features a "friend-to-friend marketing platform" that allows users to send digital gift cards to friends and relations. Since launching last year the app has been used to send more than 5 million digital gift cards to recipients' smartphones.

Waspit lands $3M to expand its social banking product for college students

Waspit Inc. is one of a crop of disruptive startups trying to tie mobile and payments to social networking.

Tyfone finds partner for entry into Latin American market with mobile banking, payments

Tyfone is expanding into Latin America through a deal with Protege Sistemas of Brazil (operating as Rede Protege and in partnership with Quality Administradora & Investimentos) to bring its solutions for mobile banking, mobile wallet and mobile ticketing for mass...

Send money by tweet using Dwolla

For those who find logging into Dwolla's app too onerous when it comes time to pay (PINs are hard), the Des Moines, Iowa startup has a new way to send money: Just tweet it. Seriously. The company has introduced a feature that ties a Twitter account to a Dwolla account, which allows users to send money with nothing more than a tweet.

Swedes get Swish for P2P payments

SEB, a Nordic financial services group, has announced the launch of its mobile P2P service, Swish, in cooperation with Danske Bank, Handelsbanken, Länsförsäkringar Bank, Nordea, Swedbank and Sparbankerna. Using the Swish app, users can securely send money to one another...

Discover adds its gift cards to Passbook with latest app update

Discover has updated its mobile app with a new feature that might be a sign of things to come in the world of Passbook. On top of the normal balance check and account summary functionality available on every card brand's...

MasterCard, Telefonica form JV in Brazil to offer mobile money services

Grupo Telefonica and MasterCard International have announced the formation of MFS, a joint venture that will focus on developing mobile payment solutions in Brazil. The new JV will launch its first product, a MasterCard branded prepaid account that can be...

Indian banks flip the switch on unified mobile banking platform

India's push to provide access to financial services through mobile means took another step forward when Shri P. Chidambaram, India's Finance Minister, recently announced the launch of a National Unified USSD Platform by India's National Payment Corporation. The NUUP allows...

Telecom Italia selects Gemalto solutions to power mobile wallet

Digital security provider Gemalto announced today that it will provide Telecom Italia with its complete mobile financial services suite. Telecom Italia, Italy's largest wireless provider with more than 30 million subscribers, will use Gemalto's TSM and mobile payment platform to...

Philippine partnership enables cardless ATM withdrawals

The Security Bank Corp. of the Philippines and IAD Electronic Network Cash Tellers Inc.

MoreMagic, Splash expand mobile money system in Sierra Leone

Splash Mobile Money Ltd. and MoreMagic Solutions are expanding the Splash Mobile Money ecosystem in Sierra Leone to make it more useful.

Vodafone and ICICI Bank bring m-pesa to India

Vodafone is bringing its successful m-pesa mobile money program to India through a partnership with ICICI Bank, India's largest private financial institution. The new service, called m-pesaTM, will be rolled out by a subsidiary of Vodafone India, Mobile Commerce Solutions...

Fiserv helps Cambodian bank offer mobile banking, payments to unbanked

Financial services tech provider Fiserv Inc. is helping Cambodia's ACLEDA Bank Plc.

New mobile payment system coming from Brazilian central bank

Brazil's Central Bank will be offering a mobile payment system aimed at helping the unbanked. The news was announced yesterday by the bank's president, Alexandre Tombini. A report by Brazilian newspaper Folha de S.

Vodafone expands M-Pesa with link to remittance hub

U.K. telecommunications giant Vodafone is set to expand the reach of mobile money program M-Pesa by connecting it to HomeSend, an international remittance hub. M-Pesa, launched by Vodafone in 2007, gives consumers in developing countries with no access to basic...

Chexar gives unbanked mobile tools, remote deposit capture to Visa prepaid cards

Remote deposit capture is last year's big story. Now it seems like every bank offers customers the ability to use their smartphones to deposit checks into their bank accounts.

Indian mobile payment provider iKaaz rises from Nokia Money's ashes

It looks like team members for Nokia's mobile money product in India are coming back for more. The core team of Nokia Money, which was shut down and sold by Nokia earlier this year, has announced that its launching iKaaz.

Irish payment processor 3V raises €5M in Series B funding

Providers of mobile payment services continue to be a focus for venture capital worldwide. Today, 3V, a Dublin, Ireland-based payment provider, announced it has completed a Series B round of funding worth €5 million ($6.5 million). The funding was led...

Diebold adds RDC, P2P to mobile banking platform

Diebold is increasing its presence in the growing mobile banking channel with the addition of two new features — remote deposit capture and person-to-person payments — to its MobiTransact mobile banking platform. The RDC application can also be added as...

Cognizant, Monitise to offer FIs new global mobile money platform

A new "global alliance" between global IT consulting company Cognizant and Monitise, a mobile money provider, will target financial institutions with a complete mobile money platform, allowing them to offer new mobile banking, payments, and commerce solutions. The partnership, announced...

New real-time payment network announced by FIS

Financial services technology provider FIS is launching its own payment network. The new network, called PayNet, offers financial institutions a global real-time payments network for domestic and international money movement for both retail and commercial trade, the company said. A...

PXT Payments offering its payment app to Boston-area college students

Boston-based mobile payment and digital wallet provider PXT Payments has announced that it will offer students and merchants its mobile payment app, looped in, this weekend at College Day at Fenway Park. The company will also show off merchandise from...

Gemalto to include Western Union in mobile payment services

A week after opening its mobile payment platform to MoneyGram, Gemalto is expanding its mobile payment software solution to include Western Union Money Transfer service. Gemalto said its LinqUs mobile payment platform has been certified through Western Union's mobile vendor...

Accumuilate, YellowPepper form mobile payment partnership for Latin America

YellowPepper has signed with Stockholm-based mobile payment provider Accumulate as a developing partner for the Latin America region. Based in Miami, Fla., YellowPepper is a mobile financial network for Latin America.

India mobile money network Movida to go live next month

Indian mobile payment platform Movida will be launching next month, according to the Economic Times of India. Its first partner will be HDFC Bank, India's second largest private lender. Movida is a joint venture between Visa and mobile money company Monitise.

MoneyGram, Gemalto to partner on international mobile money, transfer services

International money transfer service MoneyGram is partnering with digital security provider Gemalto to make its services more mobile. The companies announced today that MoneyGram's money transfer platform will be integrated with Gemalto's mobile payment platform solution, LinqUs, which gives mobile...

Big four U.S. banks collaborating on mobile P2P system

Reuters has reported that the U.S. "big four" banks — Bank of America, Wells Fargo, JP Morgan Chase and Citi — are looking at ways to offer consumers a method to send and receive funds via their mobile devices. According...

India's payment authority opens mobile payment service to merchants

The National Payments Council of India, the umbrella organization for that country's payment systems, is expanding its Inter-Bank Mobile Payment Service electronic transaction network to include merchant payments by consumers. Now customers of the NPCI's 50 member banks can use...

NFC Forum, EMVCo partner to make NFC testing, development easier

EMVCo, the EMV standards body collectively owned by American Express, JCB, MasterCard and Visa, has signed a collaboration agreement with the NFC Forum, a nonprofit industry association that advances the use of NFC technology. EMVCo and the NFC Forum have...

Swedish company Seamless adds P2P feature to its mobile payment tool

Seamless, a Swedish provider of payment solutions, announced it's adding person-to-person payment functionality to SEQR, its QR code-based mobile payment product. The new features will let users make payments to private individuals directly into their normal bank accounts, free and...

Google Wallet to add P2P?

Android Community listened in on a Q&A with Google Wallet's product manager Robin Dua earlier today. Dua shared information about carrier and retailer support for the product and hinted that person-to-person payments may be in Google Wallet's near future.

Sophisticated malware hits Chinese mobile money users

Underscoring the issue of security for mobile payments, Chinese mobile payment users are dealing with a nasty bit of malware. The SMSZombie virus is targeting the mobile payment system of state-owned wireless provider China Mobile.

Braintree acquires mobile P2P provider Venmo

Online payment processor Braintree is buying person-to-person mobile app-maker Venmo. The story was first reported by the New York Times Bits blog and was confirmed by a representative from Braintree.

TPago expands services across Latin America

GCS International, a mobile payment platform provider for the Dominican Republic, announced it will expand its footprint to include Colombia, Guatemala, El Salvador and Puerto Rico. The tPago platform lets users pay bills, make person-to-person money transfers, pay at the...

Mobile money in Ghana to increase 265% in 2012

Demonstrating once again that developing economies are adopting mobile payments at a faster clip than economies where consumers have more financial options, MTN Mobile Money said it has recorded a total of 9.5 million transactions worth GHC 113 million ($58...

Seattle selects PayByPhone to offer m-payments for parking

Drivers in Seattle won't have to search for coins to feed the meter any longer. The city has contracted with PayByPhone to introduce a pay-by-phone payment service across to some 13,000 on-street paid parking spaces throughout Seattle. PayByPhone, based in...

QuickPay raises $3.5M in seed funding for m-payment parking solution

QuickPay Corp., a provider of mobile payment solutions aimed at parking facilities, announced today it has secured $3.5 million in seed funding. The company also has named Barney Pell as CEO. Investors in this seed round include Fontinalis Partners, Andreessen Horowitz and Advanced Technology Ventures.

DC Metro to test mobile payments for parking at commuter lots

DC Metro riders can join the future of mobile payments. Well, at least customers at the Rockville and Fort Totten stations can.

Wipit offers new payment option for unbanked

Mobile payment company Wipit, Inc. announced it has launched its new web payment service.

German myTaxi offers passengers a mobile payment option

German company myTaxi is adding mobile payments to its popular car-ordering service by partnering with Wirecard, a payment and digital security provider. Similar to San Francisco-based Uber, myTaxi currently operates in 30 German cities along with Barcelona, Vienna and Zurich....

Monitise releases strong financial results

Mobile banking, payments and commerce company Monitise PLC announced expected results for its financial year ending June 30, 2012. Official numbers are to be released in September.

Haitian carriers hit major mobile money milestone

As U.S. consumers slowly adopt mobile financial services, emerging economies are leaping ahead.

Brazilian payment company Cielo acquires US processor

Brazilian payment company Cielo S.A. announced it will acquire Merchant e-Solutions, a payment solution provider based in the U.S., with an eye toward offering new products to the Brazilian market, including e-commerce and mobile payments. Cielo said the deal is...

Nokia sells Indian mobile money unit

Fino, an Indian mobile banking and technology provider, has acquired Nokia's mobile payment services in India, the India Times reported. Terms of the deal were not announced. Nokia announced in March it would be shuttering its prepaid mobile payment product...

CorFire integrates its wallet with Payfone

Mobile tech company CorFire is teaming with mobile commerce company Payfone to integrate its mobile wallet into Payfone's remote m-commerce solution. CorFire, a part of SK C&C USA, said the partnership will let merchants deliver fast and secure solutions without...

Monitise completes Clairmail acquisition

U.K.-based mobile banking and payments company Monitise plc announced it has completed its acquisition of Clairmail Inc., a mobile banking company headquartered in California. The deal was originally announced in March 2012. Together, the two companies will provide mobile money...

Western Union offers enhanced bill payment on mobile

Western Union Company, the one-time pioneer in money transfer, is continuing its push to be a pioneer in the future of money transfer by expanding its mobile offerings. The company announced enhancements to its Western Union Speedpay service that will...

Airtel launches mobile money in Chad

The West African nation of Chad will be joining the pan-African push for mobile payments. Airtel Chad, a part of India-based wireless carrier Bharti Airtel, announced it is partnering with Ecobank to launch Airtel Money.

Orange Money reaches 4 million users in Middle East, Africa

Demonstrating once again how developing economies are ahead in the mobile payment race, wireless provider Orange announced more than 4 million customers now use its Orange Money mobile payment service in Africa and the Middle East. Orange also said it...

UK vending machines get mobile payments, connectivity

Nokia Siemens Networks and U.K. wireless carrier Everything Everywhere have partnered to introduce mobile payments to vending machines.

USAID and Citi partnering to bring mobile money to world's unbanked

The U.S. Agency for International Development, tasked with the administration and distribution of international aid from the U.S.

India's 'Money-on-Mobile' launches carrier- and bank-agnostic mobile wallet

India's My Mobile Payments Ltd., a mobile payment service provider, today announced that, with a little help from Dallas-based payment processor Calpian inc., it is launching its Money-on-Mobile mobile wallet to the Indian consumer market. The service, which is not...

PassportParking releases mobile payment tools for providers, commuters

More companies are beginning to see the convenience of mobile payments as a way to pay for parking. Charlotte, N.C.-based PassportParking announced it has launched its new cloud-based mobile payment system for parking. The company said its PassportParking Mobile Pay...

Green Dot joins the mobile wallet rush

Reloadable prepaid provider Green Dot plans to get into the mobile wallet business, following in the footsteps of Google and PayPal. According to a report by the Las Vegas Business Press, Green Dot announced plans to leverage its recent acquisition of Loopt Inc. for $43.4 million as a springboard for a mobile wallet.

Nigeria's new cashless economy getting mixed response

Almost two months after implementation of the Central Bank of Nigeria's cashless policy in Lagos, most Lagosians are less than happy with the project. The Nation Online reported that citizens' general view was the policy had not been well thought-out....

Wells Fargo simplifies P2P payments

Wells Fargo & Company announced its new Send & Receive Money service. The service is intended to simplify person-to-person fund transfers by Wells Fargo depositors to other bank customers or customers of Bank of America.

Facebook buys some Karma

Though news on Friday was dominated by Facebook's IPO, the company had another, albeit smaller, piece of news, this one more mobile payments-related. Facebook acquired mobile gifting company Karma. Karma is a simple app that allows users to buy and send gifts from their mobile devices.

Valet parking goes mobile

Another parking app for mobile devices is showing how mobile payments can make simple transactions even simpler. Flash Valet, an Austin, Texas-based company, said it will be launching an app soon that lets users get rid of paper tickets, long...

Roshan, Western Union open Afghan mobile wallet to rest of world

Afghanistan telecom provider Roshan has joined U.S. financial services company Western Union to launch the Western Union Mobile Money Transfer service in Afghanistan.

Tipping the mobile payment way

Small, frequent cash transactions like parking and transit are proving themselves to be good test use cases for mobile payments. Boston-based Ziptip Inc.

NFC parking hits Oakland

Parkmobile USA Inc. is bringing NFC–enabled mobile parking payment to another city.

CTIA - USA Technologies powers m-payments at vending machines

THE CTIA Wireless 2012 show had plenty of big mobile payment news from the major players in the space, but dig down beneath that hype and there were some good stories from the not-so-big players as well. One such company...

WePay nets $10M in funding, looks to mobile

Payment provider WePay is looking to compete with just about everybody and it just raised $10 million to fuel the fight. The round was led by Ignition Partners.

PayPal teams with regional FI on P2P payments

PayPal's not just focusing on merchant services these days. The company announced it is teaming with regional bank The Bancorp Bank to provide a person-to-person solution allowing the bank's customers to send and receive funds using PayPal's platform. It's not...

Mozido, Tata team on m-payment services

Mozido, a Dallas-based provider of mobile financial services, announced it is partnering with Tata Consultancy Services to support the global expansion of Mozido's mobile payment platform, including an Enterprise Global Cloud Payment Network. The company said the partnership will create...

MasterCard partners on new mobile service in South Africa

Payment giant MasterCard is joining with Oltio, a South African mobile payment and financial services company, to introduce MasterCard Mobile to the South African market. In an announcement of the partnership, MasterCard said the new product will enable consumers holding...

New UK digital wallet available from O2

UK wireless provider O2 announced it's finally rolling out its mobile wallet. The O2 Wallet is a seamless and secure digital wallet that will let consumers transfer money to any U.K.

Quepasa adds offers to mobile virtual currency

Virtual currencies may be the future of mobile payments. Quepasa Corporation, the company behind social sites myYearbook and Quepasa, announced it has expanded its mobile virtual currency monetization by launching "Offers" on mobile. With Offers, mobile user earn Credits, i.e.,...

$1.3M in funding to social, mobile, payment startup Chirpify

The convergence of social media, mobile devices and payments has yielded a nice payday for start-up Chirpify. The company, billing itself as a "Twitter Commerce Platform," announced it has received $1.3 million in Series A financing from investors that include...

Gemalto selected tech provider for Mexico's m-payment project

Digital security provider Gemalto announced it will be the technology provider for a new mobile payment joint venture in Mexico. The JV, called Transfer, is a partnership between América Móvil/Telcel, Banamex and Banco Inbursa.

Dwolla goes for online payments

Not content to make offline payments cheap and easy, mobile payment startup Dwolla is now looking to make online payments a snap. The Des Moines, Iowa-based company released some simple new code that lets developers add a "buy" button to any website.

USAA offers P2P payments

Mobile payments is attracting companies from all over the financial services world. USAA, perhaps best known as an insurance company for U.S.

Indonesia's mobile money platform ready for business

Monitise Asia Pacific announced that its Indonesian joint venture with PT Astra Graphia Tbk is opening its doors for business. The JV, called PT AGIT Monitise Indonesia, recently completed its Jakarta-based data center to support mobile commerce, banking and payments...

Brazil gets NFC payments

A blog post on the Nokia corporate site announced the first commercial NFC payment trial in Brazil. The post said the program began a few days ago and lets customers carrying Nokia C7, Nokia N9 and Nokia 701 access an...

Barclays brings Pingit to the masses

Launched in February, Barclays Pingit was the U.K.’s first P2P payment service letting bank customers send and receive funds using only a mobile phone number. When it was launched, the program was only available to Barclays bank customers, but Barclays has now made the Pingit service available to customers of all U.K.

Canadian Mint issues mobile money challenge to developers

A new contest from the Royal Canadian Mint may address Canada's lack of mobile payment options. Just a few weeks after a government panel reported Canadians are falling behind in mobile payments, the Mint announced it has launched a contest...

Accumulate makes m-payments easy for banks, FIs

Accumulate, a Stockholm-based mobile payment company, is trying to make it easier for banks and financial service providers to offer mobile payments. The company recently launched its Accumulate Card Overlay, which it calls a "safe, easy-to-use and cost effective 'card...

PXT Money wants to play ball to attract new customers

It's baseball season once again and mobile payment company PXT is looking to celebrate Fenway Park's centenniel season and attract some new customers. The company is hosting a party at Jerry Remy's Sports Bar & Grill in Boston, Mass.

Western Union, Acxsys Corporation expand Canadian options for P2P payments

The Western Union Company and Acxsys Corporation, the company behind Canada's Interac money transfer service, announced an agreement to offer Western Union's domestic and international money transfer services to FIs in Canada that offer Interac e-Transfer. With the agreement, Canadian...

Bus riders in Florence get mobile payment option

Demonstrating once again that transit may be the best incubator for mobile payments, commuters on Florence's public buses now have a mobile payment option. ATAF, the Florentine bus company, announced a new program launched in conjunction with Ericsson IPX that...

Amex exec predicts 4 to 6 years for m-payment adoption

Most (but certainly not all) payment analysts and insiders consider mobile payments in some form to be a matter of when, not. But even among those who believe mobile payments are a foregone conclusion, the question of when we'll see...

Obopay introduces new disbursement product for businesses

Mobile payment solutions provider Obopay has announced a new disbursement product for businesses. The company said its new offering lets companies disburse funds from their corporate accounts directly into payees' debit card accounts, bank accounts, onto a branded prepaid card...

LAZ Parking teams with ParkMobile USA to provide m-payment solutions for commuters

LAZ Parking, a company that manages more than 500,000 parking spaces in 23 states and 101 cities in the U.S., is partnering with ParkMobile USA Inc. to offer mobile payment services to LAZ Parking customers.

Western Union launches new online payment method

Western Union announced a new online payment method for the cash-preferred market: WU Pay. WU Pay isn't quite instant, and it's an extra step for online shoppers, but it gives those without access to credit and bank accounts, or those...

P2P service Venmo comes out of beta

NY Times Bits blog is reporting Venmo, a mobile payment start-up offering P2P services, has finally emerged from an extended period of beta testing. The company opened its services to the public today. Launched in 2009, Venmo originally released a version of its app in an invitation-only beta a couple of years ago.

MoneyGram and Fiserv hook up on mobile P2P payments

Money transfer company MoneyGram International and Fiserv Inc., a technology provider to financial institutions, announced an agreement adding MoneyGram's services to Fiserv's Popmoney P2P payments product. Once integrated, FIs using Popmoney's network will be able to offer consumers the ability...

PayPal to show off digital wallet features at SXSW

PayPal is taking advantage of SXSW Interactive to roll out some new features on its mobile wallet, features it has been talking about since introducing its offline strategy last year. SXSW Interactive is the annual conference and festival hosted in Austin, Texas focusing on new technology.

Nokia shutters Nokia Money in India

Reuters is reporting that Finnish handset maker Nokia is shuttering Nokia Money, the financial service it launched in India in late 2010. The product, aimed at India's large unbanked population, was launched in several Indian markets in late 2010 and...

ABA announces task force on emerging, mobile payments

The American Bankers Association announced it has formed a Payment Systems Task Force, an assembly of bankers who will develop proactive strategies to ensure a strong, safe and efficient payments market. The task force is led by Jeff L. Plagge, ABA vice chairman and president of Northwest Financial Corp.

Western Union announces agreements at MWC

Concluding an active Mobile World Congress, where mobile payments has been a huge topic, venerable money transfer service Western Union stepped into the spotlight with an announcement on the company's growing mobile payment partnerships and capabilities. According to the announcement...

Orange offers Visa mobile accounts in Middle East, Africa

France Telecom-Orange announced that Orange Money users will have access to Visa mobile prepaid account features inside their Orange Money accounts, a significant step in bringing payments to consumers in developing markets. Orange Money is Orange's mobile phone-based payment service...

Ericsson, Western Union partner to push mobile financial services

Partnerships between mobile tech companies and financial services providers are all the rage at this year's Mobile World Congress in Barcelona, Spain. Handset manufacturer Ericsson and money transfer service Western Union joined in and announced they have entered into a...

MasterCard launches mobile money program to reach world's unbanked

Payment network MasterCard is launching a new program aimed at helping the more than 2.5 billion consumers worldwide who are unbanked and underbanked. The effort, called the MasterCard Mobile Money Partnership Program, will include Indian mobile services provider Comviva, mobile...

PULSE and Obopay introduce real-time payment solution

PULSE, a debit/ATM network, and Obopay, a provider of instant mobile payment solutions, will offer real-time money transfer capabilities, the companies announced in a news release. The agreement will allow issuers on the PULSE network to offer real-time person-to-person (P2P)...

Siemens CMT partners with Nokia Siemens Network on mobile wallet

Siemens Communications, Media and Technology (CMT) is set to introduce a new mobile payment solution in cooperation with Nokia Siemens Networks’ (NSN). The mobile wallet solution will provide a tighter integration of existing mobile payment services resulting in a more robust experience for consumers.

Australian Commbank's Kaching proves popular with customers

Australia's Commonwealth Bank may be the case study American banks need when looking to launch a mobile payment product. The bank's CommBank Kaching app has been downloaded more than 110,000 times since its launch late last year.

Start-up WePay plays the role of payment upstart

While the major payment players duke it out over the future of payments, an upstart start-up is showing there's still room for the up-and-comers. WePay, a company started in 2008 to create an online peer-to-peer and bill payment network, announced it saw significant growth in 2011.

Sybase partners with Telefonica on its mobile wallet

Sybase 365 will help Telefonica Digital with its soon-to-be-released digital wallet. The company, a subsidiary of Sybase Inc., said it has entered into a global, strategic partnership with Telefonica to help develop Telefonica's mWallet. The mWallet Sybase 365 will collaborate...

Virtual Piggy gives kids an m-payment app of their own

Mobile payments are about to get kid-friendly. Virtual Piggy, Inc.

Mozido announces new mobile wallet for the unbanked

Mozido, a provider of cloud payment services, announced the launch of its Genius Wallet, a new global mobile wallet platform for the unbanked. According to Mozido's announcement, the unbanked population in the world who have mobile phones numbers two billion....

Company helps 'get out the vote' with mobile app

FlowPay Corporation is now’s provider for payment kiosks, mobile donation apps and online donation debit/credit card processing services. FlowPay Corporation has developed the first Point of Collection Terminal and Integrated Giving Management Payment System designed for tax-exempt organizations, Wayne...

President Obama's campaign deploys Square

President Obama's reelection campaign has begun deploying Square's mobile point-of-sale app and credit card reader to its staff to help with collecting campaign donations, according to Politico, While not the first campaign to employ Square to process donations, Politico reports...

Obopay, Warid Telecom partner on m-payment service in Uganda

Mobile financial services company Obopay announced it will be working with Warid Telecom, an Abu Dhabi Group company, to launch a mobile banking and payment service in Uganda. The new service, called Warid Pesa, will provide Ugandans a prepaid account... makes accepting credit cards as easy as taking a pic with a smartphone

Mobile payment start-up announced a new software development kit (SDK) for its credit card-scanning technology as well as an app that incorporates the technology. Like other mobile POS apps, the app allows users to accept credit cards as payments.

Amex to license Serve platform to Chinese m-payment company

American Express is looking to expand its Serve digital wallet into global markets. The company announced a new agreement that will let Lianlian Group, a Chinese payment company, license the Serve mobile platform.

Pay-by-phone powered meters vex DC residents

The Washington (D.C.) Examiner is reporting the road to mobile payment adoption may not be lined with pay-by-phone parking meters. According to the paper, on average about 25 drivers a day who use a new pay-by-phone option to feed meters...

PXT Money using social networking and free cash to sign new customers

In a move similar to other mobile discount and payments companies, Andover, Mass.-based PXT Money is giving away money for signing up. In the case of PXT Money, Boston University hockey fans are being offered $5 to create an account.

Jamaica a ready-made market for mobile money

Like other nations with a large unbanked population, the mobile money revolution may find a ready-made market in Jamaica. This is according to an article on Go Jamaica, a site that covers Jamaican news and business. In a report commissioned...

MOBIbucks joins MEPS to offer mobile payments in Levant region

Middle East Payment Services (MEPS) and MOBIbucks announced they are partnering on the first cardless and cashless payment service in the Levant region of the Middle East. MEPS, a consortium of seven Arab Banks, provides payment processing services across the...

Vietnamese airline now accepts mobile payments

Saigon Times Online is reporting that low-cost airline Jetstar Pacific has begun accepting mobile payments for ticket fares. The program is a partnership between Jetstar, mobile network operator Vinaphone, online payment gateway OnePay and mobile payment company m-Service. According to...

Nigerian banks line up for mobile money licenses

Nigeria continues its push toward becoming a cashless, mobile economy. The country's effort to build a mobile payment services framework is meant to help the country's large unbanked population. A recent study by the Mastercard Foundation and Microfinance Information Exchange...

MoneyGram and Mozido to offer mobile money transfer

Money transfer company MoneyGram International announced an expanded relationship with Mozido, a payment platform provider. The new relationship includes allowing MoneyGram's remittance transfer services on approved Mozido mobile wallet applications.

Telepin helps Etisalat Afghanistan deploy mobile money platform

Mobile money transaction platform provider Telepin Software announced that Afghani wireless provider Etisalat Afghanistan has commercially launched its new Mobile Money Services platfrom mHawala based on Telepin's Cayman Transaction platform. According to the announcement, Etisalat Afghanistan will be offering a...

VocaLink and Clear2Pay to offer banks real-time payment service

Payment provider VocaLink has joined with Clear2Pay, payment technology provider, to provide an end-to-end real-time payment processing solution. According to an announcement, the partnership enables banks to provide an end-to-end, inter-bank, real-time payments service, including multi-channel options like mobile.

MasterCard and Telefónica form Brazilian mobile wallet JV

Payment brand MasterCard and global telecom giant Telefónica announced a new joint venture aimed at offering mobile financial solutions to 65 million Vivo customers in Brazil. Vivo is Brazil's largest wireless operator and is owned by Telefónica. According to the...

The U.S. unbanked go 'Boom'

Sending money is now as simple as sending a text message, according to m-Via, a company that launched Boom, a platform giving unbanked consumers access to banking and money transfer services via mobile devices. Each year, millions of migrant workers...

Indian central bank approves ATM to mobile money transfers

The Hindu online reports the Reserve Bank of India, India's central bank, has allowed the National Payments Corporation of India, an umbrella organization of retail payment systems in India created to develop the backbone for electronics transactions such as ATMs...

Square's Card Case adds new features, hands free

Square's Card Case application is going hands free. Though probably better knows as a mobile point of sale provider, Square rolled out a new update to its Card Case app, the mobile wallet application it introduced in May. Among various...

Sybase 365 partners with Qtel to enable mobile wallet

Mobile messaging and m-commerce services provider Sybase 365 announced a new partnership with Qatar Telecom (Qtel) to provide its mobile wallet (mWallet) software to enable Qtel's new Money Money service. "Today’s global economy is becoming a mobile economy with consumers...

Monitise receives £24.7M from Visa Europe, acquires full ownership of its US operations

Mobile banking technology company Monitise plc made two big announcements today. Monitise announced that Visa Europe is investing £24.7 million ($39.6 million) to acquire 70.5 million new shares of the company, an 8.8 percent stake. Along with the investment, Visa...

Polish mPay adds mass transit payments to service

Polish mobile payment service mPay announced that users with Android Smartphone on the Play, Plus and Orange services will be able to buy tickets for public transport in Warsaw using the Transportoid application on their mobile devices.

MOBIbucks and Advanced Integrated Systems bring a mobile wallet to the Caribbean

Advanced Integrated Systems, a payment provider based in Jamaica, and MOBIbucks, a mobile payment company based in Louisville, Ky., announced the first mobile money platform for the Caribbean. The companies said the platform will start in Jamaica and roll out...

PayPal continues to increase mobile payment forecast

Reuters reported eBay Inc. CEO John Donahoe raised expectations for the company's mobile processing.

NCR and PayPal partner on P2P payments via ATMs

NCR Corp. has announced a partnership with PayPal and S1 Corporation to enable real-time person-to-person payments from its bank's ATMs to eligible customers with a mobile phone or e-mail address.

New P2P network for FIs unveiled by Harland Clarke and Harland Financial Solutions

Like every market in the mobile payment space, P2P services, where consumers can send and receive money via their mobile devices, is getting more competitive. Harland Financial Solutions, a San Antonio, Texas-based software provider to financial institutions, along with its...

Visa adds key exec in global mobile money role

Payment giant Visa Inc. has snagged a mobile payment veteran to lead its mobile money platform to the unbanked in developing markets. The company announced yesterday that Gavin Krugel, formerly with industry association GSMA, will head customer strategy and market...

B of A inadvertently sparks consumer worries with new P2P application

On top of its decision to charge customers $5.00 a month to use its debit cards, Bank of America is also taking some heat for its new person-to-person mobile payment application. As American Banker reported last week, users of the...

Euronet Worldwide and Wipit partner to offer mobile payment options to unbanked

Electronic payment provider Euronet Worldwide Inc. announced it has entered into a commercial processing relationship with start-up Wipit to help it launch its "wipit" mobile payment service. Wipit's mobile payment service is aimed at the cash-preferred market giving them access...

Visa Europe launches new P2P service

Payment processor Visa Europe is taking another step toward making mobile payments mainstream. As a part of his keynote speech at the EFMA Cards and Payment Conference in Paris, France, Visa Europe Chief Executive Peter Ayliffe announced a new service, Visa Mobile Person-to-Person.

ParkMobile USA connects with Citi to make paying for parking mobile

Paying for being immobile is becoming increasingly mobile. ParkMobile USA Inc., a provider of "cashless parking solutions," announced yesterday it has selected Citi to offer "a new, more comprehensive mobile payment service" to its customers. According to ParkMobile USA, its...

Vocalink introduces new gateway product to enable P2P mobile payments

International payment provider VocaLink announced a new "multi-channel gateway product" today. VocaLink said the new product lets financial institutions offer customers "real-time, interbank mobile payment services," meaning customers of different banks would be able to send and receive funds immediately...

Monitise receives important licensing from Nigeria's Central Bank

British mobile money company Monitise announced yesterday it has received a Mobile Payment System Provider license to provide mobile money services from Nigeria's Central Bank. The company received a provisional license in December of last year and has already set...

Indian mobile payment service now includes all major banks

With the inclusion of Vijaya Bank, all major Indian banks are now a part of the Interbank Mobile Payments Service (IMPS). In an announcement from National Payments Corporation of India (NPCI), an umbrella organization of retail payment systems in India...

BBVA Compass guides customers to ZashPay

Birmingham, Ala.-based bank BBVA Compass announced that it is now offering person-to-person (P2P) payments using the ZashPay service from Fiserv Inc. The new service, called Simple Personal Payments, lets BBVA Compass customers send money to anyone with a U.S.

Philippines becoming model for mobile money

Philippines becoming model for mobile money

According to a report by Filipino newspaper Malaya, mobile banking is taking off in the Philippines. According to the story, the Philippines central bank, Bangko Sentral ng Pilipinas (BSP), reported that 2010 saw nearly 150 million e-money transactions valued at...

Monitise to launch mobile payments in Indonesia

Monitise Asia Pacific announced it will be launching mobile banking, payments and commerce services in Indonesia and has entered a joint venture (JV) agreement with PT Astra Graphia Information Technology (AGIT) to develop the new mobile services. The new JV,...

Net1 to provide mobile virtual cards to Mexican bank

South African alternative payment provider Net1 UEPS Technologies Inc. announced it has signed a contract with Banamex bank to deliver a mobile virtual card application designed for card-not-present (CNP) transactions.

Gartner: Mobile payments to grow, but more slowly than expected

In a new report published by research firm Gartner Inc., mobile payments are predicted to see significant gains, but they may not be as big, or come as quickly, as was once expected. "In developing markets, despite favorable conditions for...

Union Bank of the Philippines, Globe Telecom partner for mobile cash transfer service

The Union Bank of the Philippines and Globe Telecom have partnered for a mobile cash transfer service that seeks to strengthen their existing electronic platforms, according to an article in Business Inquirer. With this partnership, dubbed the “eMoney XChange,” Union...

Indian mobile payment company Beam investing $113 million to expand

Indian mobile payment service Beam is expanding its services across India and is planning to invest Rs 500 crore ($113 million) to fund the expansion, according to The article says the funds are coming from overseas investors. Beam provides money transfer services from prepaid accounts using a mobile phone.

NFC mobile payments hit Tanzania

Another developing market is adopting mobile payments. This time it's the East African nation of Tanzania. According to an article on Finextra, Zantel, a unit of UAE-based Etisalat, announced it is introducing a payment system based on near field communications (NFC) technologies in Tanzania.

Ericsson Money Services adds Philippines to its network

Ericsson Money Services is expanding. The peer-to-peer mobile payment network was originally launched in June by Swedish telecom services provider Ericsson and was limited to consumers in UK, France, Germany, Italy, Spain, Poland and Sweden.

First Choice Power offers customers mobile payment option

Texas-based First Choice Power announced a new payment option for some of its energy customers. Those customers on a prepaid plan will now be able to use their mobile devices to pay for their service through First Choice’s QuickPay mobile...

Regions Bank offers ZashPay P2P service to send funds to mobile numbers, email addresses

Regions Bank announced it is now offering customers a new person-to-person (P2P) payment program based on Fiserv Inc.'s ZashPay product. The service, called Personal Pay, allows customers with checking and money market accounts to use Regions' online banking tool to send or receive money from any U.S.

Nigerian telecom to launch mobile money service in August

A report from Nigeria's Business Day says that MTN, the largest telecom in Nigeria, will launch its mobile money services in that country in August. The program will cover MTN's more than 40 million subscribers, bringing them access to financial...

Transaction Wireless secures patent for social gifting tech for Facebook

Transaction Wireless, a provider of multi-channel digital gift card and integrated marketing solutions, announced today that it has been granted a United States patent for its social gifting technology built on Facebook Platform. The new patent protects the Transaction Wireless...

Square lands $100M in additional financing, valued at $1B

Square CEO Jack Dorsey announced via his Twitter account that his mobile point-of-sale startup has landed a new round of investment worth $100 million. According to the Wall Street Journal this round of financing was led by venture capital firm Kleiner Perkins Caulfield & Byers (KPCB).

Mobile operators in emerging markets look to expand banking services, reach

From the GSMA Mobile Money Summit 2011, held in Singapore June 27-30, Mobile Business Briefing reports that mobile operators in Afghanistan, Pakistan and the Philippines are implementing incentive programs within their dealer networks in order to offer more mobile banking...

Nokia confirms mobile money in all future Indian handsets

Indian English-language paper The Hindu is reporting Finnish mobile phone manufacturer Nokia has confirmed its plans to include its "Mobile Money" application in all of its handsets for the Indian market. A story on Nokia expanding the service nationwide had been reported in the Indian Economic Times earlier this month.

PayPal ups mobile payments projection to $3 billion for 2011

PayPal is reporting good news for its mobile payments group. In a post on PayPal's official blog, Laura Chambers, PayPal's head of mobile, said the company has raised its projections for its mobile payment volume to $3 billion for 2011.

NetSecure Technologies touts Square-like service for Canadian market

Another mobile point-of-sale solution is hitting the Canadian market. NetSecure Technologies has launched Kudos, a small business service that lets small businesses accept credit card payments via swipe terminals on desktops, laptops and smartphones running iOS, Android and RIM operating...

Research: Mobile payments to drive rapid growth in alternative payments market

Packaged Facts, a division of, says several trends will keep the $62 billion alternative payment market in the United States active through the next five years, and that the most important factor will be mobile payments. Packaged Facts published...

Ericsson introduces new mobile money product in Europe

Another player is entering the mobile payments game. Ericsson Money Services, a subsidiary of Swedish telecommunications company Ericsson Group, announced its new mobile money product for consumers in Europe.

Payments firm eWise secures $14 million in funding, plans mobile payments solution

Global payment solution provider eWise announced it secured $14 million in financing led by VC firm Wellington Partners and including Balderton Capital, TTV Capital and Patagorang. The company said it will use the new funding to fuel expansion of online...

West African nations embrace mobile payments

An article at Daily Guide Ghana shows the growing importance of mobile banking and commerce to people in developing regions in Africa. According to the article, several countries in West Africa are beginning to combine the growing wireless networks with...

MoreMagic offers mobile top-up applications

Waltham, Mass.-based MoreMagic Solutions, a provider of mobile commerce and financial services solutions, announced the launch of its eTopUpOnline application for smartphones. The new application offers consumers the ability to add minutes of airtime to, or "top up," any prepaid mobile phone account.

ING Direct lets customers bump for funds

ING Direct, the largest direct bank in the United States, has released its new person-to-person (P2P) money transfer service based on bump technology. With the new Person2Person Payment function, an ING Direct Electric Orange Checking account holder can send and...

Central Bank of Afghanistan issues license to M-Paisa

The Central Bank of Afghanistan announced that M-Paisa, the mobile banking product introduced by Afghan telecommunications provider Roshan in partnership with Vodafone Group PLC, has received the country's first electronic money institution (EMI) license. "Today, we are pleased to extend...

Square debuts at Apple site and stores

According to TechCrunch, Square has succeeded in placing its dongle on the Apple online store, with in-store availability reported to start this week. The Square dongle is a simple attachment that plugs into the audio outlet on an iPhone, iPod...

Fed post says mobile payment vulnerability is a myth

In a post called "Dispelling the myths about mobile banking and payments" on the Federal Reserve Bank of Atlanta's "Portals and Rails" Web page, Cindy Merritt, assistant director of the Retail Payments Risk Forum, looks at some of the myths around mobile payment security. Merritt's conclusion may surprise some.

Amex announces partnership with Payfone

American Express Co. today announced a partnership with mobile payment start-up Payfone Inc.

Paytoo, Prepay Nation announce partnership

Paymotech Group, the parent company of Paytoo, announced it has entered into a partnership with Prepay Nation, a provider of account "refills" for prepaid mobile operators. The agreement allows Prepay Nation customers around the world to replenish prepaid mobile accounts...

Amex enters P2P payment space

American Express today announced a new digital payment and commerce platform called Serve. The company said the platform gives consumers a new way to spend, send and receive money. According to the announcement, Serve lets consumers make purchases and send...

Start-up Jumio raises $6.5 million in funding

Mobile payment start-up Jumio announced yesterday on its blog that it has closed $6.5 million in financing. The announcement has garnered significant attention because the effort was led by Eduardo Saverin, co-founder of Facebook. Saverin said, “I’m usually a critical...

Obopay and Benevity leverage mobile payments to speed donations to Japan

UPDATED: Mobile payment provider Obopay Inc. and Benevity Social Ventures Inc., a software provider specializing in mobile and online donation software, announced a text-to-donate effort supporting areas in northern Japan affected by last week’s massive earthquake and tsunami.

Visa announces new P2P service

Credit card brand Visa Inc. announced a new person-to-person (P2P) money transfer service for U.S.

Twitpay receives VC to expand mobile offerings

Two venture capital firms, TomorrowVentures and CompuCredit Holdings Corp., announced investments in Atlanta-based Twitpay, a startup offering payment tools to customers through the Twitter microblogging service. In the announcement, the two finance companies said Twitpay will use the investment to...

Google hiring NFC expert

As reported by, Google is hiring a technical account manager for mobile commerce. According to the job posting on Google’s site, candidates must have hands-on experience with NFC/RFID technologies as well as knowledge of point-of-sale readers and payment processing....

BAI RD: S1, PayPal announce mobile personal payments service

At this week's BAI conference, S1 announced an agreement with PayPal to launch a mobile personal payments service, allowing users to transfer funds to PayPal users via their mobile devices. The company says Mercantile Bank of Michigan is the first...

MasterCard to launch mobile P-to-P payments, money transfer

American Banker: In the person-to-person transfer business, text messaging is so 2008. MasterCard Inc.

Showing (1 - 20) of 637

Get the latest news & insights





Mobile Payments Today: September's top 5 reads