mobile money transfer Archives

Facebook mobile payments to launch outside the United States

11/08/201711/06/2017 L. Green

The social network’s peer to peer smartphone transactions will be enabled through its Messenger app outside the U.S. The largest social network in the world is now taking its Facebook mobile payments outside the United States for the first time. This move is meant to make it possible for users to be able to send money to each other by way of the official Messenger texting application. To start, the mobile payments service will be headed toward users in the United Kingdom. The feature will touch down in the U.K.…

Mobile payments fees could break the $37 billion mark in 2 years

01/22/201401/20/2014 John Montgallo

Revenues through smartphone and tablet based banking, money transfers and remote payments are skyrocketing. According to a recent study by Informa Telecoms & Media, service revenues or fees for various mobile payments services could break the $37 billion mark by the year 2016. Newly released m-commerce data has shown that these transactions could skyrocket over the next two years. The report from Informa suggested that the mobile payments markets that stand to enjoy the greatest opportunities in earning service fee revenues are in remote transactions for services and products, as…

Mobile commerce is taking off in Zimbabwe

07/26/201307/23/2013 Jennifer Goula

The entire African continent is experiencing some very important trends through the use of smartphones. According to data that has recently been released by TechCentral, both online and mobile commerce transactions have surpassed payments over credit cards in Zimbabwe. These digital purchases and funds transfers saw a growth of 28.3 percent during May 2013. This data was recorded by the Reserve Bank of Zimbabwe and was issued during the monthly economic review for that month. It indicated that while in April, the transactions made over the internet were worth approximately…