Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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Western Union, MTN launch of mobile money transfer service in ...

Western Union, MTN launch of mobile money transfer service in ... | Payments 2.0 | Scoop.it
With the new service some 2 million customers of MTN's Mobile Money in Uganda will be able to add funds to their accounts that were sent through Western Union's system. Moreover, MTN customers can also send money ...
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Rescooped by Therese Torris from Personal Finance 2.0, New Finance, FinTech, PFM
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Unbanked banking on mobile: From Kitwe to Cleveland - Mobile Marketer - Columns

Unbanked banking on mobile: From Kitwe to Cleveland - Mobile Marketer - Columns | Payments 2.0 | Scoop.it

Summary: Gary Schwarz analyzes succesful African mobile payment systems such as Cash M-Wallet, M-PESA to determine whether there i an opportunity to provide to serve the 17 million unbanked and 43 million underbanked US citizen with a viable light-banking footprint that would include International Money Transfers, Airtime Top up, Basic Bill Payments, Storing Benefit Payments, Possibly retail micro-transactions. He argues that banks may not be the best channel for it.

 

My take: Thorough and relevant because Gary Schwartz is not only CEO of Impact Mobile, Toronto, he also lived in Africa.

 

To learn more about M-PESA and its 15 milion users follow this link http://www.safaricom.co.ke/index.php?id=250

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Mobile phone banking and remittances: An African boom [50179876] | African news, analysis and opinion – The Africa Report.com

Mobile phone banking and remittances: An African boom [50179876] | African news, analysis and opinion – The Africa Report.com | Payments 2.0 | Scoop.it

"Increasing collaboration between banks and telecommunications companies in Africa is making life easier for many people who now transact banking through their mobile phones"

 

Note: discussing M-Pesa (mobil payments), M-Kesho (Mobile Banking) and microinsurance in Kenya, Ghana and West Africa involving Vodaphone, MTN, Nedbank, among others

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The Paypers. “Mobile phone money transfers race ahead of debit cards in Kenya"

The Paypers. “Mobile phone money transfers race ahead of debit cards in Kenya" | Payments 2.0 | Scoop.it

"four in five new cell phone subscribers are also signing up for money transfer services, online media outlet businessdailyafrica.com reveals."

 

My take: Mobile payments are crucial to underbanked countries like Kenya. For the same reason, Fundamo, the mobile payment company recently acquired by Visa in June 2011, has some 50 deployments in over 40 countries, including 27 countries in Africa and the Middle East and another 10 globally.

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