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TransferTo & Vodafone Buddy for M-Pesa Mobile Money

TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide. Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real time. TransferTo’s Mobile Money…

Underbanked to get mobile wallet with Mozido

Mozido mobile financial services, through its subsidiary Centralized Strategic Services Ltd (CSS), have partnered to create a mobile wallet, branded JCUES (Jamaica Credit Unions E-payment Services), that extends financial services to Jamaica’s underbanked population. Mozido’s mobile financial services technology enabled JCCUL, which represents 42 credit unions serving over a third of the nation’s consumers, to launch a stored-value account mobile wallet initiative that delivers banking options to Jamaica’s estimated two million underbanked citizens, and also brings mobile payments and loyalty services to thousands of merchants. After a one-year initial phase, the Bank of Jamaica has approved phase two pilot of JCUES, now allowing any Jamaican to sign up, add money, and pay for goods and services without the need for a bank account. Phase two of JCUES doubles the target market base in Jamaica, giving over two-million citizens the opportunity for full control over their finances, many for the first time ever.