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 Friday, 22 June 2012

Around 53 percent of mobile internet users in India, Kenya, Indonesia, Ghana and Nigeria have engaged in mobile banking and payment activities. In Kenya, over 96 percent of mobile internet users have engaged in a financial activity via their mobile, according to a report by mobile research specialists On Device Research. The report also found that using mobile phones for financial activities is also popular in rural areas, with almost equal penetration compared to urban usage in some countries. Sending airtime credits is the most popular mobile finance activity, with 28 percent transferring credit. Airtime can be used as a form of currency to pay for goods and services.

Source: Telecom Paper.

Friday, 22 June 2012 12:08:09 (W. Europe Standard Time, UTC+01:00)  #     | 
 Tuesday, 21 April 2009

Credit card merchant, Visa has announced the launch of the world’s first commercial Visa mobile payments service for point-of-sale transactions using Near Field Communications (NFC) technology. The service marks the first time consumers can purchase an NFC-enabled mobile device off the shelf and use that device to make Visa payWave-enabled transactions at the point-of-sale instead of using their payment card.

“We believe that Visa’s NFC mobile payment launch in Malaysia signals a tipping point for the payments industry globally as we move from mobile payment pilots to commercial availability,” said Elizabeth Buse, Global Head of Product at Visa. “Malaysia has historically been an early adopter of new payment technologies. The launch of Visa’s first commercial NFC program in Malaysia is based on Visa's experience gained from undertaking extensive pilot activities around the globe and is something Visa plans to replicate in other places around the world.”

Maxis – the largest wireless carrier in Malaysia with more than 11 million subscribers, Nokia and Maybank – a leading financial institution in Malaysia have teamed with Visa to offer Visa payWave on mobile devices.

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Source: Cellular News.

Tuesday, 21 April 2009 12:20:09 (W. Europe Standard Time, UTC+01:00)  #     |