Since 1947, Pakistan’s banking sector has come a long way. The current estimated population of Pakistan exceeds 182 million out of which roughly only 7% use banking services. With a network of 12,000 branches across Pakistan the banking footprint is well established, but has also been deemed insufficient. Taking into [...]
M-Pesa has established itself globally as one of the most successful mobile micro-finance and money transfer services. Its network consists of the following countries and regions: Afghanistan, South Africa, parts of Eastern Europe, Kenya, and India. Vodafone, India’s second largest mobile operator introduced M-Pesa in India in 2011. It has [...]
Pakistan’s first mobile based branchless banking service, Easypaisa, is the creation of Tameer Microfinance Bank and the international telecommunication giant, Telenor. Established in 2009, the service is now accessible in more than 800 cities and towns throughout Pakistan. It has an average of six million users per month. In Pakistan [...]
Ufone was the fourth telecommunication company to join Pakistan's mobile banking party with Upaisa. As the saying goes, it’s better late than never. It has given existing Ufone customers something to rave about. With mobile banking services being in the market a few years before Ufone’s introduction of Upaisa, the hype [...]
The 22 million (and counting) SMEs and micro business and mobile penetration upwards of 132% created a fertile ground for mobile payments in Brazil. The promise of new revenue streams has attracted multiple players to the world’s fourth-biggest mobile market and has created a highly competitive mobile payment landscape. Who [...]
New mobile payment systems give merchants and small business owners in Hong Kong a chance to accept credit cards easily on the go. mPOS terminals allow local businesses to accept international payment cards such as Visa, MasterCard and JCB wherever they are. An external card reader is connected to the [...]
Norwegians love payment cards. People hardly carry cash anymore when they can pay for anything from a coffee to daily groceries with their debit or credit cards. So why bother with a mobile wallet when payment cards are easy to carry? While Norwegians are usually ahead of the curve in [...]
The United States is used to being well ahead of the rest of the world when it comes to technology and business. Innovation and a fast pace of technological advancement have been at the heart of the US business model throughout the 20th century, and is one reason for it [...]
By Janet Kamana, Nairobi M-PESA is a mobile money transfer service supported by Safaricom, Kenya's largest mobile network operator. It is arguably the most developed mobile money transfer system in the world, and has transformed the lives of many Kenyans. A typical scene: sending and receiving money with M-PESA [...]
South and Central America will see a huge growth in the use of mobile phones as a means to provide access to banking services, person to person payments and remittances. This part of the world is hugely under-served by banks and it is here that mobile phone payments can make [...]