Mobility & Financial Services
2.1K views | +0 today
Follow
Mobility & Financial Services
Mobile financial services news and trends
Curated by Katia Hilal
Your new post is loading...
Your new post is loading...
Rescooped by Katia Hilal from Entreprise Stories
Scoop.it!

How mobile money is changing Asia

How mobile money is changing Asia | Mobility & Financial Services | Scoop.it
For emerging Asia, paying your friends, family and retailers from your mobile is set to explode thanks to the region's heavy smartphone usage.
more...
Katia Hilal's curator insight, May 6, 2014 4:10 AM

"For the unbanked sector, banks are not in a leadership role. This area is being driven primarily by telecoms that have wider coverage in terms of distribution network and better customer relationships with people using their mobile services,"

Scooped by Katia Hilal
Scoop.it!

PayPal launches pre-paid cash card - PaymentEye

PayPal launches pre-paid cash card - PaymentEye | Mobility & Financial Services | Scoop.it

PayPal has announced the launch of its 'pre-paid cash card' that consumers can buy in-store and use to top up their accounts for online purchases. The PayPal My Cash Card has been developed with pre-paid specialist InComm for Americans who don't have bank accounts or cards, or do not want to use them online.

Katia Hilal's insight:

This is a major step for PayPal to reach the unbanked which will enable them to move to emerging markets where this population represents the majority of consumers.

more...
No comment yet.
Scooped by Katia Hilal
Scoop.it!

Ugandans Design Mobile Money Smart Card

Ugandans Design Mobile Money Smart Card | Mobility & Financial Services | Scoop.it

All the customer needs is to be registered for mobile money with any network in Uganda. Then the customer must have the Imara card and money on their phone. Such a customer can pay for goods and services using this card at any of the Imara Points of Sales (PoS).

The card will prompt a pop-up on your phone and ask you to confirm payment. Then you type in your Personal Identification Number (Pin) of mobile money on your phone and money for the good is automatically taken off.

"That's it; your transaction is done there and then," says Jogoo.

Katia Hilal's insight:

A first step before closed loop mobile money implementations go open loop, and connect with the global EMV schemes.

more...
No comment yet.