Category Archives: Remittances
Waking up mobile money’s missing user base
Hannes van Rensburg (Founder Fundamo) discussing on “Waking up mobile money’s missing user base” In the decade since the first mobile financial service (MFS) deployment, several high profile successes have ignited the industry’s imagination and confidence. Delivering financial services via the mobile phone is not only possible, but can be a triumph. While a handful
M2Cash offers real-time money transfers
Every year, more than half a trillion dollars makes its way around the globe in the form of money transfers. Of this amount, about $400 billion is sent as remittances home by the world’s migrant workforce, which numbers more than 200 million, according to a 2011 Migration and Development Brief, which projected a remittance total
The Currency Cloud Closes Another $3M To Attack Banks’ Cross-Border Payments Monopoly
Currency Cloud gives fight to Banks for Cross -Border Payments Monopoly By some estimations, the foreign exchange market processes a total of around $4 billion a day and within that the value of cross border payments made – that is, between countries – is worth about $200 billion a day, give or take a few
Why did Monetise choose Clairmail ? Interesting Strategic Acquisition – Case Study Videos
Monetise offers services in the U.S., U.K., India as Movido and Africa as Fundamo , and is working with international partners to expand to more Europe, Asia-Pacific and Latin America markets. In 2009, Visa acquired a 14.4 percent stake in Monitise valued at $13 million; two years later, the companies signed a long-term commercial agreement
MOBILE PAYMENTS: What’s Taking So Long, And Who’s Going To Win?
Mobile payments: everyone talks about it, but no one knows exactly how it works or who will win In our special report, Business Insider Intelligence lays out the four kinds of mobile payment solutions that currently matter: Carrier billing. Where the consumer pays by text message and the charge is added to their phone bill. This is great for a variety
Soon, send money order from your mobile – #indiapost
The postal department has entered into a partnership with state-run telecom company BSNL to provide money order service using mobile phones. “The Department has signed an agreement with BSNL for providing money remittance through mobile phones,” Department of Posts (DoP) said in an official statement today. As per the pact, BSNL has been provided with
Fino buys Nokia’s Indian mobile money business
MUMBAI: Financial inclusion facilitating firmFino said it has acquired Finnish handset-makerNokia’s mobile payment services business in the country for an undisclosed sum that will help it enter the prepaid mobile payments segment. Fino, which is primarily into offering business correspondence services to banks as they carry forward the government and Reserve Bank-mandated financial inclusion agenda, has bought
‘Stop copying M-Pesa’ – Movenbank
Start-ups will own m-payments market in 10 years, not banks or telcos, online financial services specialist predicts. Operators would do well to avoid attempting to replicate M-Pesa in different markets, despite its success, claimed online financial services company Movenbank on Thursday. “Different models appeal in different markets,” said Scott Bales, chief mobile officer at Movenbank,
Insights in India: Generating Accessible ePayments
It’s common knowledge that the demand for electronic payments exceeds supply in India. But what’s misunderstood is implementing the necessary infrastructure to meet those demands and figuring out how the government plays a role. TSYS’Amit Sethi, Managing Director of India and Southeast Asia speaks exclusively to PYMNTS.com about the future of ePayments in India and gives
