Standard Chartered announced that it has expanded its African coverage of Straight2Bank Wallet, the Bank’s mobile wallet service platform, by launching mobile payment services in Nigeria and adding mobile collections capabilities in Kenya. The Bank launched mobile payment services in Kenya in September 2013.In Nigeria, the Bank has partnered with eTranzact International Plc. to provide mobile payment services through its Straight2Bank Mobile Wallet. This is in line with the Central Bank of Nigeria’s (CBN’s) Financial Inclusion strategy to the unbanked and semi-banked population.The new mobile payment service enables clients such as development organisations, international organisations, non-bank financial institutions, agricultural companies and fast-moving consumer goods (FMCG) companies to make payments to both banked and unbanked individuals such as aid workers, trainers, policy holders, farmers and other beneficiaries.
World First has today announced the launch of a ground-breaking new mobile app which will allow clients to make high-speed currency transfers directly from their portable device. The World First Money Transfer App is available to download on iTunes and other app stores for free. It enables clients to manage their international payments on-the-go, so they could be making a secure transfer whilst on the Eurostar from London to Europe, and the money will be in their local account before they arrive.
Visa, in collaboration with mobile operators is set to demonstrate at the Mobile World Congress 2013 in Spain. Visa’s product showcase will provide attendees the NFC Mobile Payment Experience, for which it partnered with Telefonica, La Caixa and the GSMA to provide select Mobile World Congress attendees with a hands-on mobile payments experience. Also Visa and GSMA will release a new five-country study, “Unlocking the Potential: Women and Mobile Financial Services in Emerging Markets,” offering insights on how mobile financial services can better support the complex financial lives of women at the base of the pyramid.
Azimo remittance announced angel investment of GBP300,000 to expand its operations from a number of high net worth individuals. Serial banking disruptor Cooper played a key part in revolutionising how credit cards are issued in the UK at Capital One, where he led the UK section of the business from start-up to two million customers, generating revenues of over £275m and employing over 2,000 people. Azimo’s service lets users transfer money to more than 125 territories around the world for a minimal charge – usually around 1-2% of the transaction. Users will see exactly how much the recipient will actually receive before the money is sent.
Ingenico has appointed Phillipe Lazare to CEO bringing with him
business management experience in integration, logistics and
cost control. Lazare has been a member of the board of Ingenico since
February 2005 and has experience in industries such as the automotive,
avionics, international airline services, and leisure and property sectors.
Previously, he was Deputy Managing Director, member of the Executive
Committee, General Manager of retail operations and Chairman of the
French postal services company, Groupe la Poste. He was also CEO of
Groupe la Postes’ real estate subsidiary, Poste Immo. Prior to that,
Lazare was Deputy Managing Director at Air France in charge of the
Industrial Logistics division, and he was the Chairman of SERVAIR, the
group’s catering, cleaning, and airport services subsidiary. Before these
positions, he was a manager at Sextant Avionics, part of Groupe Thales,
and Groupe PSA.
Schlumberger and fashion watch maker, Swatch, have launched a pilot that enables bus users in Tampere, Finland to use their watches as a contactless smart card to pay for bus fares. Travelers in Tampere can now buy Swatch watches which operate in exactly the same way as the contactless Schlumberger ‘Easypass’ ticketing card used by the city’s bus network. Schlumberger and Swatch are already working on the second generation of e-watches which will have their own operating system. Schlumberger’s ‘FastOS’ operating system is compatible with the International Airline Transport Association specification for airline travel and with EMV. Swatch indicated Friday the new technology could offer the future capability of paying for goods and services. Finland has launched ‘Matkahoulto’, a nationwide program for e-ticketing for buses, trains and subways.