Wincor Nixdorf, eServGlobal Unveil ATM-Mobile Solution For Underbanked

What's Next In Payments®
5:37 PM EDT 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
Merchant Innovation
Amazon Reports 23% Rise In Q1 Net Sales, Launches Grocery Service
B2B Payments
Worldpay Launches e-Commerce Module With Hybris
B2B Payments
Removing Barriers to E-invoicing
B2B Payments
BBVA Compass Creates Transportation Banking Division
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
In Depth
Visa Reports 26% Boost In Fiscal Q2 Profit But Falls Short of Expectations
Merchant Innovation
Amazon Reports 23% Rise In Q1 Net Sales, Launches Grocery Service
News
MiiCard’s $21 Billion Dollar Solution
Hmmm
Square’s Many Suitors: The People Have Spoken
View All Articles ››