The immediate payment service of India, launched in 2010, reached 59.2M mobile users in April 2014 (+19.3% y-o-y growth). 60 banks have already signed for the service while 71.22% of mobile users came from top five banks. The amount of transactions saw an 8.5x increase...
MasterCard announced earlier this week that it has a cashless rollout initiative planned that could reduce cash transactions in Nigeria by 70 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
Zimbabwe-based Edgetech Solutions is set to launch an m-payment service that uses sound-based communication technology in smartphones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...
GMO Global Payment Fund invested an undisclosed amount in 2C2P, a Thailand-based payment processing company in which it had already invested USD 500k in 2013. The company was valued at USD 16M before the new round of investment. Get the Full Story Complete the form...
According to a recent RAPSI article, Pavel Vrublevsky, the co-founder and owner of ChronoPay – one of Russia’s largest e-payment providers – was released on parole this week. Last summer, Vrublevsky was convicted of masterminding a DDoS attack on Aeroflot’s website in 2010 and sentenced...
Total System Services de México (TSYS) and Multos International announced a new product launch this week that uses the MULTOS chip card technology solutions in TSYS’ latest EMV services offering to support banks and financial institutions. Get the Full Story Complete the form to unlock...
TSN conducted a multi-age research on knowledge and use of e-money online in Russia. Almost every respondent has knowledge about multiple payment options including e-money. The most used non-cash payment method is offline payment at kiosks, followed by payment cards and e-money. Get the Full...
The European Commission published the bi-annual 2014 Convergence Report which details Lithuania has fulfilled all the requirements to join the Eurozone and decided to propose the EU Council of Ministers meeting in late June of adoption in the country as of 1 January 2015. Get...
Tanzania telcos Tigo (a subsidiary of Millicom), Airtel and Zantel agreed to launch a partnership, which allows users their money services to transfer money between each other regardless of their operator. The interoperability could reach 16 M e-money users. Get the Full Story Complete the...
