Vodafone Group and MTN Group have inked a deal to interconnect their mobile money services. This will enable customers of M-Pesa and MTN Mobile Money in East Africa to transfer money to each other.
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.
WorldRemit and MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement extends WorldRemit’s position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is experiencing rapid uptake, especially in Africa.
Botswana deploys high tech ATMs in a deal with Bytes Managed Solutions, Barclays and NCR. However, substantial adjustments had to be made to the ATMs for the Botswana market. Currency note templates had to be developed and then tested rigorously for correct note detection and rejection.
Barclays Bank of Botswana has partnered with Bytes Managed Solutions, the exclusive distributor of NCR technology solutions in southern Africa, for the installation of intelligent cash deposit ATMs. Last month, the bank launched a new generation of ATMs that provide customers with convenient ways of banking outside the banking halls. The ATMs are specifically designed for high transaction usage. They accept cash deposits with real time credit capability, recycle the deposited cash, dispense cash, do cheque deposits, and offer a broad range of other services, such as bill payment, funds transfer, mobile phone top-up and mini-statements.
There were many major developments for the Visa brand outside the U.S. last year, including Mexico, Botswana, Spain, Myanmar, Singapore, Australia, India, Czech Republic, Germany, Poland, and the U.K., to name a few. Here are the items organized by region.
The UAE Exchange inaugurated its 600th branch globally, in Dubai. This as the UAE Exchange expanded its network in Asia, Africa and Europe by commencing operations in China, Malaysia, Ireland, Botswana, Seychelles, Kenya and Morocco. UAE Exchange offers technologically backed high quality services like Xpress Money, the favourite global instant money transfer service with over 135,000 payout locations in more than 125 countries; FLASHremit, the real-time bank account credit service; Money2anywhere.com, the convenient online money transfer portal by which money can be sent to any corner of the world in just a few clicks from an internet environment anywhere; Smart Pay, the leading payroll solution; gocash, the prepaid travel card; and XPay, the online bill payment service using mobile phone.
The Western Union Company and MTN Group announced the launch of a mobile money transfer service in Uganda, allowing MTN customers to send and receive money across borders using just their mobile phones for the first time. The service, announced today at a press conference in Kampala, marks the debut of an offering from Western…
London based Prepaid Program Manager, Prepaid Financial Services (PFS), announced the release of further programs and products as part of its expansion globally. Mr Noel Moran, CEO of PFS commented, “PFS is pleased to announce a new partnership for the US and Canada. We now have two new partnerships in place that will allow us…
Visa is now allowing access to secure financial services and electronic payments to consumers in developing countries for unbanked and under-banked consumers with a mobile prepaid account. The globally interoperable electronic payment account will be offered to MTN Mobile Money customers across its markets, first to customers in Nigeria and Uganda. This allows account holders to send funds to each other, send and receive international remittances, make purchases at merchants or online where Visa is accepted or withdraw funds at a Visa ATM.
UAE Exchange global remittance and foreign exchange brand, is celebrating its 31st Anniversary which falls on 23rd October, marked by a three-day long celebration across its global operations. UAE Exchange, which was established on 23rd October, 1980 in Abu Dhabi, UAE, today has its direct operations spreading across five continents, offering the widest range of popular products and services in the sector. UAE Exchange also has a strong correspondent banking network which includes more than 150 leading banks across the globe.
Western Union global payment services expanded its global Agent network to Namibia thanks to agreements with Magnet Bureau de Change. With the launch of Western Union services in Namibia, consumers across the country will have another option for sending and receiving remittances. The World Bank estimated the remittance market in Namibia at approximately $30 million in 2010.