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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Azimo wants to drastically cut the price of remittance

Azimo wants to drastically cut the price of remittance | Payments 2.0 | Scoop.it

Fusionwire (Mysis): “We’re not in the money business, we’re in the people business,” reads a poster on the wall at Azimo’s London office. Strictly speaking, remittance startup Azimo is most definitely in the money business – the company enables money to be sent to over 190 countries in over 70 currencies – but speaking to co-founder and

Therese Torris's insight:
Lots of competition in remittance these days
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WorldRemit raises $100M to take on the global remittance market

WorldRemit raises $100M to take on the global remittance market | Payments 2.0 | Scoop.it
WorldRemit, a UK-based startup that is going after the Western Unions and MoneyGrams of the world with a commission-beating online and mobile remittance..
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Remittance heats up as WorldRemit secures $40 million funding

Remittance heats up as WorldRemit secures $40 million funding | Payments 2.0 | Scoop.it
WorldRemit, a London-based online money transfer service, has secured a $40 million series a investment from Accel Partners to help it muscle into the huge global remittance market.
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As banks cut remittance lifeline for developing countries, can new digital platforms fill the gap? [Infographic]

As banks cut remittance lifeline for developing countries, can new digital platforms fill the gap? [Infographic] | Payments 2.0 | Scoop.it
The three blog entries on this subject so far: The African bank crisis and remittances More on Africa, Somalia, remittances, Barclays and HSBC Banks should not be political pawns has stirred up a lot of interest.
Therese Torris's insight:

My 2 cents: let's not underestimate the reasons why Banks move out and why large remittance companies charge so much. it's a difficult business with big costs and security issues 

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Boom Financial, Mobile Banking for the Unbanked, Raises $17 Million [Press Release]

Boom Financial, Mobile Banking for the Unbanked, Raises $17 Million [Press Release] | Payments 2.0 | Scoop.it

The Boom™ mobile money service [formerly m-Via] is the first to completely eliminate the need for traditional cash wire-transfer services, providing a safe, economical and easy way to send money. Boom members can use their mobile phones to make low-cost, bank-grade domestic and international money transfers and payments via a simple text message...

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Mobile Money Transfer & Remittances [Research Report]

Mobile Money Transfer & Remittances [Research Report] | Payments 2.0 | Scoop.it

Juniper Research :"This groundbreaking research evaluates the criteria for mobile money incubators & the evolution of mobile money services. An authoritative analysis suite..."

Includes Market forecasts for mobile money transfer users, usage and revenue opportunities split by 8 key regions, by 15 national markets and by 8 money transfer types. 

Canada, Denmark, Germany, Kenya, Mexico, Nigeria, Norway, Philippines, Portugal, Saudi Arabia, Spain, Sweden, Tanzania, UK, USA
Therese Torris's insight:

Quite expensive report @£3970 including 30 min analyst time. But it's a big market with a lot at stake for existing players

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Facebook seeks European e-money license for remittance play

Facebook seeks European e-money license for remittance play | Payments 2.0 | Scoop.it

Finextra : Facebook is just 'weeks away' from getting an e-money license in Ireland that would allow its users to hold and exchange money on the social networking site, according to the Financial Times.

Therese Torris's insight:

Who needs bitcoin?

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Bitcoin isn't ready for prime time as a world wide remittance replacement.

Bitcoin isn't ready for prime time as a world wide remittance replacement. | Payments 2.0 | Scoop.it
Using Bitcoin for sending money between countries offers startups an opportunity to build a new business, but the geographic market matters. Find out where you should build.
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Online remittance start-up Xoom sets IPO price

Online remittance start-up  Xoom sets IPO price | Payments 2.0 | Scoop.it
Early investors in PayPal are set for another windfall following the IPO of Internet remittance company Xoom.
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TechCrunch | Mobile Payments Startup Beamit Raises $2.4M From Founder’s Co-op, Jeff Bezos, Eric Schmidt & Others

TechCrunch | Mobile Payments Startup Beamit Raises $2.4M From Founder’s Co-op, Jeff Bezos, Eric Schmidt & Others | Payments 2.0 | Scoop.it

Mobile payments platform Beamit, which focuses on international money transfers between the U.S.

 

Note: more info on Beamit. Western Union is also doing mobile remittance.  

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