Editor’s Note: RCR Wireless News goes all in for “Throwback Thursdays,” tapping into our archives to resuscitate the top headlines from the past. Fire up the time machine, put on the sepia-tinted shades, set the date for #TBT and enjoy the memories!
Sprint pins handset...
Capable of far greater speed and reliability, 5G, which is set to go live in the next few years, promises ubiquitous and uninterrupted connectivity. Once implemented, 5G will effect sweeping changes across all industries including Banking and Financial Services (BFS).
Like every other industry, mobility...
New Juniper Research study projects more than 2 billion will use mobile banking by 2021; banks are becoming concerned about competition from tech firms
More than 2 billion mobile users will have used their devices for banking purposes by the end of 2021, compared to 1.2 billion this...
France-based telecom operator Orange is pushing into the mobile banking space, highlighting new opportunities for operators
The new voice in the telecom industry may not be a voice at all. It may just be “bank.”
Orange Telecom, which has around 28 million mobile clients in France...
Apple Pay service also coming to France and Switzerland
Apple announced plans to launch its digital wallet service, Apple Pay, in new international markets including France, Hong Kong and Switzerland in the next few months.
Apple SVP Craig Federighi also confirmed during a keynote at the...
50% of smartphone users in China will make mobile payments by 2020
A total of 195.3 million mobile users in China will be making proximity mobile payments this year, an increase of more than 45% compared to the previous year, according to a recent study...
Samsung Pay is already available in the U.S. and China
Samsung Electronics launched its Samsung Pay mobile payment service in Spain, marking its first national rollout in Europe. The mobile payment service, which is similar to Apple Pay, is already available in South Korea, the United...
The French telco acquired a controlling stake in Groupama Banque
French telecom group Orange announced an agreement to acquire a 65% stake in compatriot financial institution Groupama Banque and launch a mobile-only banking service.
Under the terms of the agreement, the new legal entity should become...
The international remittance market will reach $610 million this year
ORLANDO--Digital financial services will represent a huge business opportunity for banks and telecoms operators in the comings years due to the increasing penetration of mobile telephony in the global unbanked population, the Amdocs Mobile Financial Services...
French telco plans to launch Orange Bank in 2017 with partner Groupama
French telecommunications company Orange and compatriot insurance firm Groupama are currently negotiating a partnership to develop a new banking model.
The negotiations could result in Orange acquiring a 65% stake in Groupama Banque,...
CANCUN, Mexico – To make mobile financial services succeed requires a win-win partnership between banks and mobile network operators, because assets from each one are needed.
On one side, banks contribute with regulatory compliance, an existing financial network and infrastructure and strong recognition, while mobile...
The drop in revenue growth and margin in traditional telecom services has led Latin American operators to seek opportunities to provide new services and business solutions for verticals. The low value-added level of connectivity offers associated with end-user needs has also been a trigger...
MTN Group looks to support growing demand driven by mobile banking
WASHINGTON – In an effort to support skyrocketing demand, South African telecom player MTN Group on March 20 announced plans to invest $123 million in upgrading and expanding its mobile data network in Ghana.
Subsidiary...
In 2014, mobile deposit technology became a staple for more than 3,000 banks and 33 million Americans. For U.S. Bank, a mobile banking pioneer, mobile became the second-most used channel this past year with 2.7 million active mobile users in the third quarter of...
Seeking to leverage big data, mobile and social technologies to impact customers' banking experience, IBM and Bank of China's Tianjin Branch have completed a new, flagship "smart branch" location in the northern Chinese port city.
IBM provided industry insight and consulting on the branch project,...
Implementation of mobile payment systems varies widely, and with the major players relying on their strengths and attempting to overcome their weaknesses, there is not yet a single business model that dominates across the globe.
Having already this year offered to give customers money to change carriers, T-Mobile US today announced a new initiative to now help consumers manage their finances through its Mobile Money service.
The offering relies on a smartphone application and re-loadable Visa prepaid card to provide...
Mobile payment is currently one of the hottest topics in the Brazilian ICT industry. Frost & Sullivan had the opportunity to discuss the trends of this market with telcos and value chain
It is no secret that financial institutions, along with telecom companies, are heavy information technology (IT) users, spending more on IT, including software, hardware and services, than other firms. This year won’t be any different. Two recently released surveys point out that banks' IT...
Most conversations today surrounding mobile payment solutions are overly focused on the opportunities promised by near field communications technology and how this functionality will transform
The M-PESA mobile money transfer and payments service took the world by surprise in 2007 when it debuted a successful business based on serving a previously underserved population: the rural poor.
CARTAGENA, Colombia—Bancolombia's acquisition of a 70% stake in Colombia’s MVNO Uff Móvil is a milestone for m-banking development in the country. The purchase means the same company will manage both the financial and telecommunication side if m-banking, making the process easier.
Nothing has been defined yet,...
While m-banking has not taken off in Brazil and other Latin American countries yet, in Haiti, Digicel’s mobile money service, named TchoTcho Mobile, and Voila's T-Cash have reached 5 million transactions. The services are monitored and supported by Haiti Mobile Money Initiative (HMMI), a...
IT and telecommunications convergence along with an increase in active mobile device users could drive the growth of financial mobile applications. However, the lack of standards, along with uncertainty over which business model will prevail, are holding back m-payment adoption across Brazil, said IT...
