Even though Brazilian telecom operators and financial institutions have not reached agreement about who should be responsible for each part of the mobile payment process, IT providers are working toward launching m-payment solutions.
Vendors are looking forward, developing solutions to be prepared for when demand arrives....
Consumers want banks to deliver financial advice and banking services through both virtual and physical channels. But despite the popularity of virtual banking, global consumers still value the personal attention of bank branches and expanded services that include different kinds of financial advice.
These are...
Making financial transactions with mobile devices is not considered new in Brazil. However, the service is far from being heavily used. During this week’s Ciab (check all stories) —a conference and exposition focused on IT for financial institutions held in São Paulo—banks and vendors are...
The mobile network operator Digicel has added NFC technology to its Digicel Mobile Money service offering in the South Pacific archipelago nation of Tonga. Digicel said it will make the service available initially with 50 merchants in the capital of Nuku’alofa and it plans...
Boosted by the growth of smartphone use, mobile banking is on track to become as common as Internet banking in Brazil during the next five to seven years, industry analysts say. From 2010 to 2011, current mobile banking accounts grew by 49% to reach...
Gemalto announced it has been selected as the technology provider for Transfer, the service resulting from a joint venture between América Móvil/Telcel, Citibank´s Mexican unit Banamex, and Banco Inbursa. Launched October last year, the US$ 50 million mobile banking joint venture will store and...
The banking sector has traditionally been one of the more lucrative sectors for the information technology industry. India's IT giants have been catering to the technological needs of many of the world's top banks, and the same trend will be seen in the Indian...
Business Insider | August 18, 2011 | Odysseas Papadimitirou
Already the standard in Europe, chip-and-pin credit cards prevent fraud at the point of sale by requiring that users enter a four-digit PIN number that must correspond to a microchip embedded within the card.
Read more via Business Insider
Orange | July 26, 2011 | Press Release
BNP Paribas and Orange have formed a partnership and signed a trademark licence agreement to launch innovative mobile banking services in November 2011.
This strategic business partnership allows the groups to share expertise in their respective areas of...
Worldwide mobile payment users will surpass 141.1 million in 2011, a 38.2% increase from 2010, when mobile payment users reached 102.1 million, according to Gartner. Worldwide mobile payment volume is forecast to total US$ 86.1 billion, up 75.9% compared to 2010. However, despite these...
Red Bend Software, Mobile Software Management (MSM), announced that BYD Electronic Company Limited of China, manufacturer of mobile handset components and modules, has licensed Red Bend's vRapid Mobile
Ecobank | June 6, 2011 | Press Release
Ecobank Transnational Incorporated ("Ecobank"), the leading pan-African banking group, and Bharti Airtel ("Airtel"), a leading global telecommunications company, have signed a Memorandum of Understanding ("MOU") to promote mobile banking services across Africa.
Under the terms of the MOU,...
L.M. Ericsson (ERIC) launched its own mobile financial services business today, offering mobile operators, financial institutions and others with a mobile money services that it said can be connected to a real-time, cross-border, cross-currency switching network.Ericsson Money Services and its Money Interconnect Service is...
Editor's Note: Welcome to our weekly feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry.I have always tried to give readers some perspectives on the coming year – trends...
Google Inc. (GOOG) acquired an early-stage mobile payments startup that might shine more light on the company's plans for mobile commerce. Toronto-based Zetawire, which does work in near field communications, holds a patent for mobile banking, advertising, identity management, credit card and mobile...
Peter Elstrom| Bloomberg
America Movil, Latin America’s largest wireless carrier, will offer financial services to about 50 million people in Mexico who have mobile phones and no bank accounts, Chief Financial OfficerCarlos Garcia Moreno said.
That population is part of an “enormous” number of Latin Americans who...
Almost half of all smart phone users in the United States have already made purchases or plan to do so soon, according to a new survey from ABI Research. The survey of 2,000 smart phone users also found that 53% use or plan to...
Editor's Note: Welcome to our weekly feature, Analyst Angle. We've collected a group of the industry's leading analysts to give their outlook on the hot topics in the wireless industry.Despite chattering from technologists and consultants, consumers have consistently been lukewarm to “mobile money”...
Three of the nation's largest wireless carriers are working on a joint venture that should give mobile banking and contactless forms of payment a major boost.According to Bloomberg though, AT&T Mobility (T), Verizon Wireless (VZ) and T-Mobile USA Inc.(DT) are all working on...
Juniper Networks Inc. (JNPR) is paying $70 million to acquire SMobile Systems Inc., a Columbus, Ohio-based software company that specializes in mobile device security for smart phones and tablets. The deal gives Juniper another tool in its Juno Pulse platform, which was announced earlier...
Citigroup Inc. (C) has publicly disclosed a security flaw in its iPhone banking app. While the disclosure is clearly the right move, it also shines a light on some weaknesses in mobile banking that might not bode well for the industry in at least...
Editor's Note: This article is an excerpt from RCR Wireless News' May Special Edition, "Enabling the Mobile Revolution: Mobile Chips, Devices and Accessories." The 80-page special edition is available here. The Subscriber Identity Module – that standard little chip that houses all of...
Financial services company Societe Generale is using a mobile banking solution from Obopay to offer banking services in Senegal. The technology-agnostic solution between Societe Generale, one of the top bankers in the world, marks the fourth country where Obopay offers an m-banking solution. Obopay...
