WorldRemit customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. The launch follows the signing of a global partnership agreement earlier this year, to enable WorldRemit customers all over the world to send international remittances to MTN’s Mobile Money customers. People in more than 52 countries already use…
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.
The Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) exploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.
oti PetroSmart received a follow-on order from Smart Applications International Ltd. (SMART) for 200,000 MediSmart cards. The MediSmart solution is an information management and claims submission system that incorporates contactless smart card and biometric technologies. oti’s MediSmart cards validate the identity of a patient by using fingerprint biometric technology, which cuts down on fraud and impersonation. MediSmart benefits medical administrators, hospitals, clinics, medical service providers and patients by offering fast and secure access to medical information, transaction generation, claims and expense management, and reporting tools. SMART continues building its presence in the African healthcare sector. MediSmart has recently been enhanced to support electronic switching of claims, improving the efficiency of claims delivery and the quality of data delivered to customers.
Middle East and Africa segment of MasterCard’s Asia-Pacific-Middle East-Africa region (APMEA) iexploded in 2013 with a number of new cards entering the market, proliferation of mobile payments and Shari’a compliant MasterCards. At the end of the third quarter there were 410 million cards issued in the APMEA region. Gross dollar volume for the third quarter was $410 billion. MasterCard will release fourth quarter and annual results on January 31 before the market opens.
Ecobank Transnational Inc. and MasterCard today announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60% of Africa’s population. Ecobank subsidiaries in 28 countries across Sub-Saharan Africa are now licensed to issue and accept electronic payments through MasterCard prepaid, debit and credit cards. With this partnership, Ecobank’s customers in this fast-growing region will have access to MasterCard’s credit, debit and prepaid card products, whilst MasterCard will leverage Ecobank’s unrivalled pan-African footprint to provide its electronic payments solutions to a wider customer base.
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…
Citi announced that its CitiDirect® BE Mobile service developed by the Global Transaction Services unit, has reached a significant milestone, processing over $1 billion in total transactions value. Since commercializing the browser-based mobile application in August, Citi has made the solution available to an additional 56 countries across Europe, Middle East and Africa (EMEA), Central,…
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.
Citigroup launched its “CitiDirect BE Mobile.” The mobile browser-based application allows clients to receive notifications and authorize payments using their mobile phones. With this, “CitiDirect BE Mobile” has been made available to over 50,000 clients and 300,000 users worldwide, bringing core transaction functionality, available with Citi’s online banking platform, CitiDirect® Online Banking, directly to clients’ mobile phones. Clients can receive SMS alerts that complement email and fax notifications; and authorize payments pending approval in every payment type supported by the online banking platform. Leveraging the proven security of CitiDirect, CitiDirect BE Mobile offers an alternative access channel to the traditional PC. This ultimately allows businesses to transact business on the move.