Wincor Nixdorf, eServGlobal Unveil ATM-Mobile Solution For Underbanked

What's Next In Payments®
5:37 PM EST February 26th, 2013

Mobile money solutions allow people without bank accounts to carry out financial transactions using a mobile phone. A study by McKinsey reveals that 360 million people worldwide already use mobile money accounts. According to the GSMA, the global association of mobile operators, there are now 264,000 mobile money agents worldwide offering services such as loading credit on mobile devices, accepting, transferring or dispensing money or settling bills.

Wincor Nixdorf and eServGlobal, one of the world’s leading mobile money specialists, will use the Mobile World Congress as a stage to showcase new and extended concepts which enable consumers with no access to a bank account to use their mobile phone to deposit, withdraw or transfer money through ATMs.

Paolo Montessori, Chief Operating Officer, eServGlobal said, “The integration of ATMs is an important part of a comprehensive mobile money solution. The ATM solutions from Wincor Nixdorf shown at the MWC would be an asset to mobile money service providers worldwide. They provide an open and standardized interface to eServGlobal’s mobile money platform bringing advantages in terms of speed and security. eServGlobal will continue to work closely with Wincor Nixdorf to integrate its extensive ATM portfolio with our mobile money solutions.“

Topics:
Comments
Also by This Author
What's Hot
Mobile Commerce
Apple Pay Coming Soon To 200K Laundries, Vending Machines And Parking Kiosks
Merchant Innovation
The Blizzard That Wasn’t Cost NYC $200M
International
Ant Financial To Bring Credit Scoring Based On Data To China
Mobile Commerce
P2P Shipping Startup Launches With $10M Raised
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Mobile Commerce
Apple Pay Coming Soon To 200K Laundries, Vending Machines And Parking Kiosks
Merchant Innovation
The Blizzard That Wasn’t Cost NYC $200M
International
Ant Financial To Bring Credit Scoring Based On Data To China
Mobile Commerce
P2P Shipping Startup Launches With $10M Raised
View All Articles ››