money service

money service

Kenya's government is set to apply a 10% tax on mobile money transactions

thenextweb.com
Following the recent strike in Kenya by state-employed teachers, lecturers and doctors, the country’s treasury has said it will cover the approximated $300 million USD cost in wage increases through cost cutting and introduction of new taxes, including on mobile money transfer services such as Safaricom’s M-Pesa. The tax measures announced...
Kenya's government is set to apply a 10% tax on mobile money transactions
Funding Daily: Break out your Top Hat, it's time to Boom, Twist and Pulse a LittleBit
BlackBerry Launches BBM Money Pilot In Indonesia

CanalSat subscribers in Africa to pay their TV bill from their Orange mobile phone

thenextweb.com
The French telco Orange and the pay TV operator Canal+ Afrique have signed a partnership to let users pay their subscription fees with their mobile phones, the companies announced today. As we reported, mobile transactions are on the rise in Africa; for instance, the Kenyan company M-Pesa facilitates money transfers...
CanalSat subscribers in Africa to pay their TV bill from their Orange mobile phone

Yandex introduces Twym online payment system for Twitter-based transfers

www.engadget.com
Russia's Yandex has been in the online payment business for more than a decade now with its Yandex.Money service, but it's branching out into some slightly more uncharted territory with its latest addition. Dubbed Twym, the company's new service will let folks send actual rubles to other Twitter users...
Yandex introduces Twym online payment system for Twitter-based transfers
The Need For Mobile Money Spawns A Startup Ecosystem Across Africa

Boom Financial raises $17M to make banking available to all

venturebeat.com
Mobile banking company m-Via raised $17M in funding and changed the company name to Boom Financial. Boom provides an online financial platform for people without bank accounts. Its primarily serves immigrant families and allows them to save, share, and spend their money globally, which is key for those with extended...
Boom Financial raises $17M to make banking available to all

Nokia shutters Money service, focuses on phones

www.electronista.com
Nokia said on Monday it will close its Nokia Money service in India in order to focus on its phone business. A spokesperson briefed Reuters that it was jettisoning the mobile financial services business as it wasn't a core Nokia business. The service was launched throughout all of India late...
Nokia shutters Money service, focuses on phones

BlackBerry Launches BBM Money in Indonesia

www.fastcompany.com
Users can then transfer money to other BBM contacts, purchase airtime credit for their device or transfer funds to bank accounts. While BlackBerry may be losing users in the U.S., the device remains strong in other markets, including Indonesia, where the company today launched a mobile money service. BlackBerry...
BlackBerry Launches BBM Money in Indonesia

The Fed Is Studying The Risks Of Bitcoin

www.businessinsider.com
The United States is studying the potential risk from online payment mechanisms like PayPal and Bitcoin, a top US Federal Reserve official told an international conference on Monday. Some bankers have expressed worries that newer players in the online marketplace could have negative implications for the financial system. "We have...
The Fed Is Studying The Risks Of Bitcoin

VIDEO: Tech News: 'Black market' bank closed

www.bbc.co.uk
Click's Richard Taylor reports on US prosecutors shutting a digital money service and other technology stories of the week....
VIDEO: Tech News: 'Black market' bank closed

Western Union targets emerging markets with mobile money service

www.zdnet.com
Mobile payments is a hot trend these days, and it’s arguably taken off considerably faster in developing markets where consumers rely on cell phones probably more than any other personal device.While it seems like Western Union, that old mainstay of wire transfers, just got into the e-commerce game with an...
Western Union targets emerging markets with mobile money service
For the bitcoin economy to grow, anonymity needs to die
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