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Mobile Money

  • BofA ML 2

    BofA Merrill Lynch puts the cheque in the phone Edit Post

    A new service from leading US bank Bank of America Merrill Lynch will enable companies to send payments to their customers by using only a mobile number or email — rather than bank account details — to identify them. The bank is partly selling the new service on cost savings — a 75 per cent saving ...

  • M-Pesa 2014

    Vodafone India strikes M-Pesa deal with national rail company Edit Post

    Vodafone has struck a partnership agreement with Bharat BPO, an Indian national rail company, enabling M-Pesa customers to pay for tickets on their mobile phones. Bharat BPO already has an SMS-based ticket booking service (SMS 139). Customers of M-Pesa, a money transfer service, can now use their ‘M-PIN’ to authorise transactions on the SMS 139 app. In case ...
  • eBay

    PayPal spin-off to put focus on mobile payments Edit Post

    In an about-turn from its previous policy, eBay is to spin off PayPal into a publicly traded company in the second half of 2015, a move it hopes will give the payments firm a clearer focus in the face of mounting competition from the likes of Apple Pay. eBay has been under prolonged pressure from activist investor Carl ...