m-banking

It became known that Barclays Bank has partnered M-Pesa, a mobile money transfer service of Safaricom company. Owing to this new partnership the Barclays Bank account holders can now deposit and withdraw funds to and from their account using their mobile phones. According to Adan Mohamed, the Barclays managing director for East and West Africa this step was taken to popularize bank services and to make access to the service easier. 

uMonitor, a known provider of innovative online solutions has released a mobile version of its flagship online account opening and person-to-person (P2P) payment and account-to-account (A2A) money transfer services. Owing to the new service all smart phone users who benefit from uOpen & uFund® and/or uTransfer® services, will be able to open and fund new accounts and perform person-to-person or account-to-account money transfers.

Yesterday Somali Islamists Shebab, a powerful organization which controls a large swathe of Somalia came with a statement that they ban mobile transfers launched by a number of companies. "The companies Telesom, Golis and Hormuud which developed the service in the country so far should stop it," they said. The companies have only 3 months to bring their new service to close. 

It became known that Western Union has selected MoreMagic Solutions, a provider of mobile payment and mobile money transfer solutions for its Mobile Vendor Program. 

The main aim of this program is decrease of integration costs and to create standard technical deployments to help banks and mobile operators to penetrate the market. 

 According to the recent global survey conducted by KPMG, Chinese people use their cell phones to get into the Internet. Being more specific, 77% of Chinese people use their mobile devices to carry out financial transactions, and 44% for retail transactions, while in India 38% are using them to shop, and 43% for financial business.

One and a half year ago the company conducted the similar survey. Now having compared the statistics it was found that the number of people using mobile phones for online transactions increased from 19% to 46%.

As it became known, San Francisco-based Patelco Credit Union has implemented Popmoney P2P payments integrated with mobile banking.

Citibank is searching for the new ways to attract clients. One of such ways is a launch of the newly developed banking platform Citibank Mobile.  

Veritec, Inc., a developer of mobile banking debit card solutions and a pioneer and developer of a proprietary two dimensional barcode (VSCode®), today announces it is rolling out a Visa branded multi-purpose card. It will have Veritec’s proprietary VSCode® on the back of the card.

Firethorn, a mobile financial solutions provider based in Atlanta, conducted a study showed that U.S. consumers are ready to dive further into mobile financial services, beyond m-banking.

M-Com, international mobile banking solution provider, is delighted to announce its product BankAnywhere was chosen by ACLEDA Bank Plc in a move to power its mobile banking and payment services.

Some time ago people could not imagine that they would use wireless handsets to perform banking operations. Today it is something ordinary if you send an SMS message to inquire your account balance at your bank. Mobile banking while not yet available or at least affordable in many countries of the world is wide spread among bank consumers in developed nations.

uniBank, the first runner up in product innovation in the CIG Ghana Banking Awards 2008 and three times winners for Best Customer Care, set up collaboration with Technology Service Providers (TSPs) targeting to provide mobile-based Banking Services. Thus uniBank introduced a Net-based banking service accessible through mobile phones. 

As it became known on Tuesday, Bangkok Bank signed up for Fiserv's Mobile Money service aiming to get access to its Internet banking platform from their handsets.

The new M-Com powered browser-based application now is available in two languages Thai and English. The new service enables customers to view account information, pay bills, transfer funds and top up their mobile phone account.