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Articles tagged with: Mobile Banking
Mobile Banking Poised for Rapid Growth
A new report from IDC Financial Insights emphasizes that banks need to prepare themselves today for the imminent wave of mobile adoption to avoid being left behind by competitors. The study indicates that while current economic conditions may have curtailed both consumers' demand for mobile banking and banks' willingness to invest in it in the short term, things are still moving forward. more
Related Tags: security
City University London Develops Easier Security for Mobile Banking
A team of informatics and engineering specialists at City University London has received £135,000 in funding from the Government's UK-India Education and Research Initiative (UKIERI) for a three year project to develop new security measures for mobile banking. The UKIERI aims to encourage research links between the UK and India, one of the fastest growing mobile markets, with 80 million internet-enabled handset users predicted by the end of 2009. more
Related Tags: three, security, UK
Vodacom Enables Payment of Electricity Bills Through Mobile Phones
Vodacom Tanzania subscribers are now able to pre-pay for their electricity via the M-Pesa mobile payments service. This project is a joint venture between Vodacom Tanzania and the electricity generator, Tanesco. more
Related Tags: vodacom-tanzania, m-pesa, Tanzania
Mobile money in emerging markets - still fragile but ready to become mass-market
Mobile Money could reach a one-third penetration rate within 5-years, says a new report from Ovum. The report finds the market is still in its infancy, yet it has the potential to become a mass-market service. However, much will hinge on how well the industry addresses various market barriers, and its ability to nurture user demand with clear, simple and attractive propositions. more
Related Tags: m-pesa
Visa Europe Tests SMS Transaction Alerts
Visa Europe has started trials of a new mobile service giving Visa cardholders instant transaction confirmation to their mobiles when they use their debit, credit, or prepaid card. Consumers will be able to choose to receive the alert via an SMS or email on any mobile device or to an application downloaded to a smartphone such as an iPhone or Android device. more
Vodacom Tanzania Signs Local Bank for M-Pesa Mobile Banking Service
Vodacom Tanzania has officially signed up BOA Bank to provide Vodafone M-PESA services to its clientele. Both prepaid and post-paid Vodacom customers are able to open a Vodafone M-PESA account at no cost at any our authorised agents and now BOA Tanzania. Most importantly about Vodafone M-PESA, any person from any mobile subscriber can receive money via M-PESA on their mobile phone. more
Related Tags: vodacom-tanzania, m-pesa, Tanzania
170 Million Mobile Subscribers Will Make Domestic Person To Person Payments in 2011
If you think mobile banking is becoming popular, consider the market for mobile-enabled person-to-person payments. Nearly three times as many consumers globally will use their mobile phones to make domestic person to person payments than those who will use their mobile phones to conduct traditional banking functions by the end of 2011, according to an ABI Research forecast. more
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Iraqi Operator to Offer Mobile Banking Services
Iraqi mobile network operator, Asiacell says that it will be the country's first company to offer mobile banking, by implementing the project initiated by Amwal, which aims to enable all Iraqi citizens to settle their financial transactions using their mobile phones at any time and from any location without the need to visit their bank. more
Related Tags: asiacell, visa, Iraq
Demand for Mobile Financial Services Poised to Grow
A study, carried out by comScore of how mobile users access their banking accounts found that mobile Web browsing ranked as the most popular method for both smartphone (44.1 percent) and 3G users (53.3 percent), followed closely by mobile applications (48.1 percent of 3G users and 40.6 percent of smartphone users). more
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Zain, Western Union Planning Mobile Money Transfer Service
Zain and Western Union are to work together to deliver mobile money transfer services in countries in Africa and the Middle East through Zain's new Zap platform. The Zap service provides Zain customers access to a full range of transactional services from their mobile phones. Customers can interact with select bank accounts, top-up or transfer airtime, and move money to businesses, friends and family. The service allows customers to pay bills such as electricity, and can even be used to settle grocery bills in the supermarket. more
Related Tags: zain, western-union, zain-group, villages