MasterCard and Vodafone Egypt have completed the migration of two million Vodafone Cash mobile wallets to MasterCard’s open mobile payments ecosystem. The migration also enables MasterCard to power Vodafone Egypt mobile money service, Vodafone Cash, by processing all financial transactions through MasterCard’s Mobile Payment Gateway platform, which MasterCard has worked closely with the Egyptian Banks…
HomeSend has expanded its global framework agreement with Vodafone Group for M-Pesa, including the launch of remittance services into five new markets during 2016. The two companies will work together to enable the real-time, mobile receipt of remittances by M-Pesa users in the Democratic Republic of Congo, Ghana, Lesotho, Mozambique and Albania. In addition to…
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…
Vodafone Romania has teamed with the digital money transfer service WorldRemit. Through Vodafone M-Pesa, WorldRemit customers can now send instant money transfers to any Vodafone customer in Romania.
In today’s CardFlash News Que: VECTOR (Sequent); AOC (3Delta); VODAFONE (Wallet) and UNIONPAY (Hong Kong).
MasterPass. the digital payment solution, is now accepted in 24 countries around the world, with recent additions including Germany, Belgium, Hungary and Turkey. Since its 2013 launch, MasterPass has increasingly been making shopping easier for shoppers and retailers.
CardWeb.com’s CardData database of Company Profiles today features Vodafone.
CardWeb.com’s CardData database of Company Profiles today features iZettle.
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.
The global mobile money market is projected to grow from $12.34 billion in 2014 to $78.02 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 44.6%. In the year 2007 mobile money has evolved from providing payment transactions though Short Messaging Services (SMS) and Direct Mobile Billing to the more contemporary Near Field Communication (NFC)/ Smart Card transactions.
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.
A fresh major report says India is in the process of leapfrogging many nations in mobile-based transactions. There is currently a high level of financial exclusion across India with many households using only cash for savings and spending.