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Huawei embraces mobile money

2014-06-06 02:00:00| Total Telecom industry news

Chinese vendor says mobile financial services are 'a blue ocean market'.

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Orange mobile money customer base hits 10 mln

2014-04-17 17:35:00| Telecompaper Headlines

(Telecompaper) Orange announced it has signed up 10 million subscribers for its Orange money service in Africa, which is now available in 13 countries, including Botswana, Kenya, Uganda, Mauritius, and Egypt (under the name Mobicash). CEO Stephane Richard gave a bonus to the 10 millionth customer of Orange Money in Senegal. Kanny G., who had gone to an Orange Money outlet to open an account, was surprised to learn that she had won a smartphone with an Orange Money credit of EUR 152. In 2013, more than EUR 2.2 billion in transactions were conducted through Orange Money. In some countries, such as Cote d'Ivoire, more than 40 percent of all Orange customers have an Orange Money account. 

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Mobile Money by T-Mobile Brings Un-Carrier Approach to Banking

2014-01-22 21:36:00| PC Magazine Cell Phones Product Guide

The un-carrier on Wednesday unveiled Mobile Money by T-Mobile, a pre-paid debit card that it said will transform smartphones into personal money managers.

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T-Mobile US starts mobile money service

2014-01-22 08:57:00| Telecompaper Headlines

(Telecompaper) T-Mobile US is introducing a mobile money service. Mobile Money by T-Mobile is based on a prepaid Visa card and smartphone app to manage the account. It offers many of the features of a traditional checking account and back card, with reduced or no fees, the operator said. There are no charges for activation, monthly maintenance, in-network ATM withdrawals, or for replacing lost or stolen cards. No minimum balances are required either. Mobile Money lets customers direct deposit paychecks, deposit checks from capable smartphone cameras, make retail purchases, pay bills and withdraw cash from more than 42,000 ATMs nationwide with no fees. T-Mobile said the service offers "a sensible and affordable alternative to checking fees for the roughly 68 million US adults who do not have traditional accounts and have to rely on alternative financial services". Customers can register for the card at the T-Mobile Mobile Money website and cards will also be available in T-Mobile shops and Safeway stores in the US in February. The card is issued by Bancorp Bank.

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Orange links mobile money service to Visa prepaid card

2013-08-06 16:50:00| Telecompaper Headlines

(Telecompaper) Orange has launched a mobile payment service in Botswana in partnership with Visa to enable Orange Money customers to make Visa payments in store, online and at ATMs. Botswana will be the first country to benefit from the new service. Currently, Orange Money allows customers to use their mobile phones to transfer funds to any mobile subscriber in or outside the country, buy airtime, and pay bills. From August, registered Orange Money subscribers in Botswana will be able to use their Orange Money account to make Visa-enabled payments and pay invoices at stores, international online merchants and at over 300 Visa ATMs across the country. To access the services, Orange Money subscribers will need to apply for a Orange Money prepaid Visa card, which will be instantly linked to their existing Orange Money account. The card is secured with a PIN code.

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