According to new research the mobile money market is expected to grow from $12.34 billion in 2014 to $78.02 billion by 2019, at a compound annual growth rate (CAGR) of 44.6% during the forecast period from 2014 to 2019. In terms of regions, MEA is expected to be the biggest market in terms of market size, whereas APAC and NA are expected to experience increased market traction, during the forecast period.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Dr. Markus Braun, Chief Executive Officer and Chief Technology Officer of Wirecard AG.
South Africa’s Ovations Group is taking the leap onto a beaconized payments platform. The provider of business process transformation solutions will use the platform from San Francisco-based Pay With Drop.
South Korea’s national carrier and largest airline has inked a deal with’s Visa’s CyberSource for secure online payment acceptance. Korean Air says the implementation of its new Global Payment System, complemented with CyberSource’s solutions and expertise, will allow the company to take its customers’ experience to the next level.
In today’s CardFlash News Que: ACCULYNK (Atlanta Courts); BILLTRUST (milestone); PAYTELLER (Janefour20 COO) and INETCO (BECU).
Verifone Mobile Money (VMM) and South Africa’s MTN Group have inked an agreement to deliver retail payment devices to merchants across 16 of MTN’s operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone.
CardWeb.com’s CardWatch database of more than 57,000 marketing items today features the MasterCard “Priceless Surprises: A Festive Ride With Lyft” TV spot.
Hyperwallet has repositioned itself to deliver a clearer message of its products and services, specifically: Mass Payments. The Company has updated its corporate logo, a fresh slogan, a redesigned website, and a new product line of Mass Payments Solutions.
Discover’s U.S. end-of-period (EOP) credit card loans grew 5.5% year-on-year (YOY) and continues to outpace the top Visa and MasterCard issuers. Since 2009, Discover has experienced sequential growth at a compound annual growth rate (CAGR) of 5.5%, exceeded only by Capital One among the top ten issuers.
MasterCard’s Europe region remains the most robust international region with a 42.1% share of international Gross Dollar Volume (GDV) in Q4/14. Europe is growing GDV (on a local currency basis) at 16.2% year-on-year (YOY), followed only by the Latin America Caribbean (LAC) region at 16.0% in the fourth quarter.
A new study reveals if a consumers’ primary bank were to install more ATMs and self-service kiosks for no-envelope deposits, more consumers indicate they would be inclined to use the self-service method (36%) than would still only use the teller (30%).
Chuck Fagan is returning to PSCU after a two-year stint at
the Credit Union Executive Society (CUES). Acting CEO Tom Gandre will return to his role as Executive Vice President and Chief Operating Officer on April 27 when Fagan takes the reins.