Mobile Banking

Editor’s Note: RCR Wireless News goes all in for “Throwback Thursdays,” tapping into our archives to resuscitate the top headlines from the past. Fire up the time machine, put on the sepia-tinted shades, set the date for #TBT and enjoy …

Capable of far greater speed and reliability, 5G, which is set to go live in the next few years, promises ubiquitous and uninterrupted connectivity. Once implemented, 5G will effect sweeping changes across all industries including Banking and Financial Services (BFS). …

New Juniper Research study projects more than 2 billion will use mobile banking by 2021;  banks are becoming concerned about competition from tech firms More than 2 billion mobile users will have used their devices for banking purposes by the end of …

France-based telecom operator Orange is pushing into the mobile banking space, highlighting new opportunities for operators The new voice in the telecom industry may not be a voice at all. It may just be “bank.” Orange Telecom, which has around …

Apple Pay service also coming to France and Switzerland Apple announced plans to launch its digital wallet service, Apple Pay, in new international markets including France, Hong Kong and Switzerland in the next few months. Apple SVP Craig Federighi also …

50% of smartphone users in China will make mobile payments by 2020 A total of 195.3 million mobile users in China will be making proximity mobile payments this year, an increase of more than 45% compared to the previous year, …

Samsung Pay is already available in the U.S. and China Samsung Electronics launched its Samsung Pay mobile payment service in Spain, marking its first national rollout in Europe. The mobile payment service, which is similar to Apple Pay, is already available …

The French telco acquired a controlling stake in Groupama Banque French telecom group Orange announced an agreement to acquire a 65% stake in compatriot financial institution Groupama Banque and launch a mobile-only banking service.  Under the terms of the agreement, …

The international remittance market will reach $610 million this year ORLANDO–Digital financial services will represent a huge business opportunity for banks and telecoms operators in the comings years due to the increasing penetration of mobile telephony in the global unbanked …

French telco plans to launch Orange Bank in 2017 with partner Groupama French telecommunications company Orange and compatriot insurance firm Groupama are currently negotiating a partnership to develop a new banking model. The negotiations could result in Orange acquiring a …

CANCUN, Mexico – To make mobile financial services succeed requires a win-win partnership between banks and mobile network operators, because assets from each one are needed. On one side, banks contribute with regulatory compliance, an existing financial network and infrastructure …

The drop in revenue growth and margin in traditional telecom services has led Latin American operators to seek opportunities to provide new services and business solutions for verticals. The low value-added level of connectivity offers associated with end-user needs has …

MTN Group looks to support growing demand driven by mobile banking WASHINGTON – In an effort to support skyrocketing demand, South African telecom player MTN Group on March 20 announced plans to invest $123 million in upgrading and expanding its …

In 2014, mobile deposit technology became a staple for more than 3,000 banks and 33 million Americans. For U.S. Bank, a mobile banking pioneer, mobile became the second-most used channel this past year with 2.7 million active mobile users in …

Seeking to leverage big data, mobile and social technologies to impact customers’ banking experience, IBM and Bank of China’s Tianjin Branch have completed a new, flagship “smart branch” location in the northern Chinese port city. IBM provided industry insight and …

Having already this year offered to give customers money to change carriers, T-Mobile US today announced a new initiative to now help consumers manage their finances through its Mobile Money service. The offering relies on a smartphone application and re-loadable …

Mobile payment is currently one of the hottest topics in the Brazilian ICT industry. Frost & Sullivan had the opportunity to discuss the trends of this market with telcos and value chain

It is no secret that financial institutions, along with telecom companies, are heavy information technology (IT) users, spending more on IT, including software, hardware and services, than other firms. This year won’t be any different. Two recently released surveys point …

CARTAGENA, Colombia—Bancolombia’s acquisition of a 70% stake in Colombia’s MVNO Uff Móvil is a milestone for m-banking development in the country. The purchase means the same company will manage both the financial and telecommunication side if m-banking, making the process easier. …

While m-banking has not taken off in Brazil and other Latin American countries yet, in Haiti, Digicel’s mobile money service, named TchoTcho Mobile, and Voila’s T-Cash have reached 5 million transactions. The services are monitored and supported by Haiti Mobile …

IT and telecommunications convergence along with an increase in active mobile device users could drive the growth of financial mobile applications. However, the lack of standards, along with uncertainty over which business model will prevail, are holding back m-payment adoption …

Even though Brazilian telecom operators and financial institutions have not reached agreement about who should be responsible for each part of the mobile payment process, IT providers are working toward launching m-payment solutions. Vendors are looking forward, developing solutions to be …