Tag Archives: Mobile Banking

Juniper Research says mobile banking is moving from Push to Pull

Published on Thursday, March 22nd by admin

Rating: Malware & spyware could slow growth

A new ‘Mobile Banking for Developed & Developing Markets’ report from Juniper Research has found that mobile phone banking is gaining considerable traction. It’s mainly thanks to the exploitation of advanced functionalities such as banks bundling MBPP (Mobile Bill Presentment and Payment) services within their overall mobile banking platform. Plus there’s been additional momentum from easy-to-use smartphone apps. The report has also discovered that there’s a growing user acceptance of ‘push’ mobile banking. This will result in a sharp rise in smartphone adoption that will drive users of transactional mobile banking services up from 185 million in 2011 to over 550 million by 2016. Continue reading →

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25% of smartphone owners use mobile banking

Published on Thursday, June 30th by Cian O' Sullivan

25 per cent of UK mobile internet users now utilise mobile banking services, according to online consumer research released today by mobile web and app specialists Antenna. With the number of mobile-internet enabled handsets continuing to grow worldwide, banks that address the demand for both mobile apps and mobile web usage will have the sharpest competitive edge in the battle to attract new customers. Continue reading →

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Visa and Fundamo set their sights on 40 million Indonesians

Published on Monday, June 27th by Cian O' Sullivan

Some news has come out of the GSMA Mobile Money Summit today, which is that one of the biggest mobile money acquisitions we’ve seen is gearing up for some major moves. Visa, which bought mobile money enabler Fundamo, has declared that it intends to bring financial services to 40 million “unbanked” Indonesians through mobile. Continue reading →

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Visa buys Fundamo in major mobile money acquisition

Published on Thursday, June 9th by Cian O' Sullivan

Some really good news crossed my in-box today – global payments corporation Visa has acquired mobile money experts Fundamo. “Who are these Fundamo guys?” you might ask. Amongst other things, Fundamo is the creator of the incredible Mobile Money service in Africa – one of the most successful implementation of using mobile to bring banking to the unbanked that the world has seen. Continue reading →

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Monitise makes smart mobile banking moves in India

Published on Friday, June 3rd by Cian O' Sullivan

Monitise is a company that lives up to its name. It’s an enabler of mobile money services – whether you’re a bank, mobile operator or other financial services provider, Monitise can allow you to offer advanced mobile banking, payment and money products. And now it has announced a major app launch in the virile Indian market. Continue reading →

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Can mobile operators be trusted with your credit card details?

Published on Tuesday, May 24th by Cian O' Sullivan

In the last few years, mobile operators have been called upon to handle more and more complex types of payments for their subscribers. People want mobile wallets, SMS payments, barcode transfers and more. But there is a serious question to be asked here: can the operators be trusted with your details? Vesta, an electronic payments company based in Portland, Oregon, has just released the results of a substantive survey of 18 mobile network operators in the US and Europe – 16 of which were tier one operators. It has found that over a quarter of these operators were not compliant with the most important standards in the electronic payments industry. Continue reading →

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One in ten UK consumers uses mobile wallet and one in five mobile banking

Published on Friday, May 13th by Bena Roberts

The use of ‘mobile wallet’ technology amongst UK consumers has more than doubled in the last 12 months with more than one in ten people now making payments via their mobile, says Mobile Life, a TNS research paper into use of mobiles in the UK. Moreover, one in five UK consumers now use their mobile [...]

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Micro-finance goes mobile in Jamaica

Published on Wednesday, May 11th by Cian O' Sullivan

A great story has come out of Jamaica today – the Development Bank of Jamaica (DBJ) has announced that since the micro-finance industry is such an important part of the national economy, it has signed an agreement with a service provider to provide mobile access for enterprise. Continue reading →

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Add mobile banking to coupons, what do you get? Bankons

Published on Wednesday, May 11th by Cian O' Sullivan

It took me a little while to figure out what BankOns is actually selling. It seemed to be a pretty vague combination of mobile advertising, location, coupons and banking services – but after a look at their website page about what they can offer financial institutions, I finally got it. BankOns wants to serve special offers to consumers at a time when they’re thinking about money; as they check their bank account details on their mobile. Continue reading →

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African telecoms operators may not be ready for mobile money

Published on Tuesday, April 26th by Cian O' Sullivan

Africa is often referred to as the “birthplace of humanity”. In the future, it may also be referred to as the birthplace of mobile banking. The continent has incubated services like MTN’s MobileMoney and M-PESA – which have proven beyond doubt that mobile devices to bring banking to the unbanked in poor/rural areas of developing nations. But an interesting news release today has shown that telecoms operators in Africa may not be as ready to take advantage of this as we might have thought. Continue reading →

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Mobile phones gain popularity for credit card transactions

Published on Thursday, April 21st by Cian O' Sullivan

comScore is one of the biggest Internet research agencies in the world – it tracks on-line information for some of the Internet’s largest companies. Today, it has released results from its tracking of US credit card use on-line over the past year. And it shows a very healthy increase in the number of people who trust their mobile devices enough to complete credit card transactions on them. Continue reading →

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Payfone staples mobile payments onto American Express

Published on Thursday, April 14th by Cian O' Sullivan

Last month, American Express launched a new digital payments platform called Serve. At launch, it was essentially an alternate version of PayPal – but part of the platform’s point is that new services will be added to it as time passes. One of the first has been announced this week, as mobile payments provider Payfone announces that it will be integrating mobile operator payment channels into Serve. Continue reading →

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Mobile banking: SMS can provide marketing, security and services for finance

Published on Monday, April 4th by Cian O' Sullivan

As smartphones have fueled an incredible surge in applications, there has also been a retro-effect on older technologies. More and more institutions are seeing how the humble SMS can be used to provide very modern services. We spoke to Roland Foller, director of product management for mobile messaging at MACH, to find out the ways it’s using messaging to provide service for banks and financial institutes. Continue reading →

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Nokia and UBI join forces to bank the unbanked in India

Published on Monday, March 21st by Cian O' Sullivan

Nokia has been a champion of mobile banking for “unbanked” regions for many years now. With major investments in mobile money service provider Obopay, followed by the launch of Nokia Money, the phone maker has been driving banking services to those living in poor, rural areas. Today sees a major leap forward, as Union Bank of India launches a major mobile banking initiative, powered by Nokia. Continue reading →

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Mobile money: new M-PESA credit card works without a bank account

Published on Tuesday, February 8th by Cian O' Sullivan

The vast unbanked population of Kenya can now access credit card services without needing a bank account. A deal between Kenyan operator Safaricom and I&M Bank allows subscribers to load credit cards through their mobile. Continue reading →

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