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  • Success And Setbacks In The Mobile Payment Card Industry

    Success And Setbacks In The Mobile Payment Card Industry


    2018-11-13 [ Industry News ]


    The credit card is pretty much ground zero for mobile payments; it’s where the whole concept got started and is still a major part of operations to this minute. Though with the rise of mobile payments well under way, credit card companies are also having a bit of a challenge in keeping up. Recently, the Money 20/20 show had several members of the credit card industry on hand to discuss the state of the card and where it’s likely going from there.The event that brought these figures together focused on three key points: the growth of the 3DS standard that works to authenticate card-not-present ......

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  • Hungary’s Mobile Payments Monopoly Illegal, Says EU Court

    Hungary’s Mobile Payments Monopoly Illegal, Says EU Court


    2018-11-13 [ Industry News ]


    New options for mobile payments seem to open up fairly routinely, but in Hungary, that wasn’t so much the case. In fact, according to reports, the Hungarian government pretty much had a monopoly on the mobile payments market in its country. Now, the European Court of Justice has declared said monopoly to be illegal, and that the exclusive control the Hungarian government maintains over the market must be halted.Ever since July of 2014, reports note, the mobile payments market in Hungary has been run by a company called Nemzeti Mobilfizetsi Zrt. Hungary, when presenting its case to the court, r......

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  • Western Union Powers Safaricom’s M-PESA Mobile Wallet to Send Money Globally

    Western Union Powers Safaricom’s M-PESA Mobile Wallet to Send Money Globally


    2018-11-13 [ Industry News ]


    Safaricom, Kenya’s leading mobile network operator and provider of M-PESA, a leading mobile wallet, and the Western Union Company, a leader in cross-border and cross-currency money movement, have joined forces again—this time to unlock global money transfers for more than 28 million mobile wallet holders, by leveraging the Western Union global money movement platform.In a global first, Western Union will power Safaricom to scale money transfers to more than 200 countries and territories. M-PESA Global, a newly optimized feature will allow customers to send money from their wallet for pay-out a......

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  • First Bank of Nigeria and Clickatell Drive Financial Inclusion in Nigeria using WhatsApp

    First Bank of Nigeria and Clickatell Drive Financial Inclusion in Nigeria using WhatsApp


    2018-11-08 [ Industry News ]


    First Bank of Nigeria, in partnership with Clickatell’s Transact division, has commercially launched their Chat Banking channel on WhatsApp. This capability enables FirstBank’s customers to manage their banking needs within their WhatsApp chat with the same efficiency as USSD. Customers can add First Bank’s published WhatsApp phone number or a direct link access the First Bank’s “Verified” profile to begin a secure Chat Banking session.Clickatell Transact’s bank grade platform allows for banks around the world to develop and seamlessly deliver their unique customer experiences consistently acr......

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  • 7-Eleven Planning To Go Cashierless, Ramp Up Mobile Payments?

    7-Eleven Planning To Go Cashierless, Ramp Up Mobile Payments?


    2018-11-08 [ Industry News ]


    What Amazon did to brick-and-mortar retail in general, now Amazon Go is poised to do to the convenience store. Ever since the cashierless store concept first opened up, convenience stores have been puzzling over what to do. How can they compete with a store offering much the same things, but with significantly lower overhead? New word suggests that 7-Eleven may have one answer in the form of cashierless operations at its own stores.The new idea is a kind of mobile checkout process known as “Scan & Pay.” With this system, users will be able to serve as their own checkstands by scanning a qu......

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