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Mobile wallet: A distant dream in India?

Despite a huge unbanked population and 700 million cell phone connections, the concept of mobile wallet will take some time to become popular in India as people are still unaware of its larger benefits like financial inclusion, even as the standards to make it functional are yet to be in place, experts maintain....

APAC, Mobile Wallet

Can Tencent win the mobile commerce battle with Alibaba?

The two Chinese Internet giants are increasingly encroaching on each other’s territories. A Beijing-based marketing expert handicaps this heavyweight contest....

APAC, Tencent, Alibaba, Can Tencent win the mobile commerce battle with Alibaba?

Westpac Considers Replacing Physical Cards With Digital Ones

Westpac claims that it is now the first bank in New Zealand to begin a trial period of HCE mobile payments, expected to launch early next year....

Mobile Payments, APAC, Westpac

FirstBank Strikes Gold In Strategic Payment Partnership With Paypal

VENTURES AFRICA – As the ecommerce space in Nigeria continues to experience tremendous growth, global payments service provider, PayPal and FirstBank have partnered to bring their service even closer to the people, with First Bank Cards now acceptable for PayPal payments and increased transaction limits just one of the benefits offered....

Mobile Payments, APAC, PayPal, FirstBank

Why is Launch of KakaoTalk's Mobile Wallet Delayed?

The release of the mobile money transfer service based on mobile messaging platform KakaoTalk has been delayed....

Mobile Money Transfer, APAC, Mobile Wallet

HSBC Bank Malta launches free mobile banking

HSBC Bank Malta has added another major channel to its online banking experience...

Mobile Banking, APAC, HSBC, HSBC Bank Malta

First Data launches its mobile payment solution

Online payment transaction facilitator First Data today announced the launch of its mobile payment solution that is set to make payment acceptance faster, intelligent and secured for merchants. It is expected to encourage the Indian merchant community in going cashless....

Mobile Payments, APAC, First Data

Telecel launches debit card

ZIMBABWE’S second largest mobile operator Telecel has introduced a debit card for its mobile money transfer service which can be used to make cash withdrawals and pay for goods and services at any ZimSwitch points of sale across the country....

Mobile Payments, APAC, Debit, Telecel

Apple Launches iTunes Mobile Payments In Japan (And It’s Not NFC!)

In what will likely be regarded as one small step for Apple’s payments ambitions, and one giant leap for Apple rumor mongers everywhere, the high-concept tech firm has launched an iTunes-backed payments system — in Japan....

Mobile Payments, APAC, Apple

Kenya mobile money business heats up

NAIROBI, Kenya - Competition is heating up in Kenya’s mobile money sector with players engaged in schemes to outdo one another....

APAC, Mobile Money

Kenya: Safaricom, KCB Deal to Counter Equity's Mobile Money Plan

KENYA Commercial Bank has partnered with Safaricom to offer a new product that converges financial and communication services to take on Equity Bank's planned mobile virtual network operation business....

Mobile Money Transfer, APAC, Safaricom, Kenya Commercial Bank

Evolution of mobile messengers continues

Money transfer, shopping, diverse other services will be available to users...

Mobile Money Transfer, APAC, Mobile Messaging

China Unionpay is developing mobile payments based on QR codes - report

China Unionpay, the country’s government-backed card issuer, is working on a service that enables users to have QR codes on their handset screens scanned to make payments, said the National Business Daily....

Mobile Payments, APAC, China UnionPay, QR Codes

Tencent turns mobile commerce into a game

Gamification of mobile payments is a hit with consumers...

Mobile Commerce, Mobile Payments, APAC, Tencent, WeChat

South Africa’s cashless future relies on localisation, not innovation

South Africa’s perceived ‘failure to launch’ in respect to mobile money needs to be put into a global context. In the latest MasterCard Mobile Payments Readiness Index, only four countries – Singapore, Canada, the US and Kenya – score higher than 40 out of a possible 100....

Mobile Payments, APAC, Mobile Money

India yet to tap potential of mobile banking, digital financial services: Report

NEW DELHI: India is yet to realise the potential of mobile banking and digital financial services even as only 47 per cent of the people have bank accounts, half of which lie dormant due to heavy reliance on cash transactions, says a report....

Mobile Banking, APAC

Kenya's mobile innovation brings digital money closer

Kenyan financial services heavyweight Equity Bank is planning to roll out mobile banking services in July, using innovative paper-thin SIM technology....

Mobile Banking, APAC, Equity Bank

What China's Tencent Is Getting Right In Mobile Payments

While the rest of us struggle to come to a compromise on which platform to pay our friends back—Venmo, PayPal, Square Cash, or Google GOOGL +0.24% Wallet—Jim Lai is finding ways to make transactions on WeChat entertaining....

Mobile Payments, APAC, Tenpay

Kenya: Tanzania Ahead of Kenya in Use of Mobile Money

Tanzania is ahead of Kenya when it comes to mobile money use, despite the fact that Kenyans have been using mobile money solutions for 7 years....

APAC, Mobile Money

Africa’s mobile banking apps are a serious weapon in their war against the telcos

“The money that goes through the MTN eco-system in one month is more than the money that gone through all the commercial banks since inception”, that’s according to Vincent Kiyingi, Head of IT at Pride Microfinance Limited Uganda....

Mobile Banking, Mobile Money Transfer, APAC

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