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Mobile Money

  • Iris recognition

    Survey: Most financial institutions do not offer biometric security Edit Post

    Most respondents to a Mobey Forum survey do not offer biometric authentication to customers today but have their eye on it for the future. One in five (22 per cent) said they already enable customers to use authentication, such as fingerprint or voice recognition. In fact, fingerprint technology was clearly the most popular choice (56 per cent), followed ...

  • Xoom 2

    PayPal buys P2P money transfer firm Xoom for $890M Edit Post

    PayPal bought Xoom, a US firm that enables remittances either via mobile or online, as it tries to build an international presence ahead of its 17 July spin-off from parent eBay. Xoom’s target market is migrants in the US who want to send money to friends and family internationally. The firm’s major payment corridors are from ...
  • facebook-messenger

    US Facebook users can send cash via Messenger app Edit Post

    Facebook launched a free P2P payments service for users of its Messenger app in the US, joining a competitive market for such services. The move is not a surprise: Back in March, the social network announced the launch in coming months. The feature is available on Facebook’s standalone messaging apps on Android and iOS as well ...