Payments News

On The Web

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Providers

T-Mobile Just Launched Its Own Checking Account Service

“To be clear: T-Mobile isn’t running its own bank. Rather, it’s a T-Mobile-operated face for a digital bank called BankMobile, which is a part of Customers Bank. It’s sort of like an MNVO, but instead of, say, a startup using existing cell service from a larger carrier to offer its own service, its’ T-Mobile using […]
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Companies

Visa Gives Kenya’s Safaricom ‘Missing Link’ for Global Payments

“Visa and Safaricom have agreed a deal which will connect the Kenyan telecom operator’s M-Pesa financial services platform with Visa’s global network of merchants and cards. Under the deal, which requires regulatory approval, announced on Thursday by both companies, M-Pesa’s 24 million users and 173,000 local merchants will be linked to Visa’s 61 million merchants and […]
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Providers

T-Mobile launches mobile banking solution T-Mobile Money, available now on Android and iOS

“The service, which is currently in an early pilot program, works just like a traditional bank, because it is backed by BankMobile, a division of Customers Bank. This allows the otherwise online-only bank to have an ATM presence via Allpoint ATMs. T-Mobile Money also prides itself on its lack of fees, including account fees, overdraft […]

On The Wires

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Providers

T-Mobile MONEY Introduces No-Fee, Interest-Earning, Mobile-First Checking Account

“It’s a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. With T-Mobile MONEY, eligible Un-carrier customers can earn an industry-leading 4.00% Annual Percentage Yield (APY)* on balances up to $3,000 – 50 times higher than the average U.S. checking account1 – and 1.00 APY% on every dollar over that! […]
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Providers

Financial Inclusion: a Step Forward With Orange Bank Africa

“From mobile money to mobile banking, Orange takes the next step in West Africa. Twelve years after the launch of the Orange Money transfer and payment service, we’re now opening the 100% mobile Orange Bank Africa, led by Jean-Louis Menann-Kouame, in Côte d’Ivoire. Patrick Roussel, Executive VP MEA Mobile Financial Services, tells us more about […]
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Global

Airtel Africa partners with Mukuru to facilitate cross-border money transfers within Africa

“Airtel Africa plc [Airtel Africa], a leading provider of telecommunications and mobile money services in 14 countries across sub-Saharan Africa and Mukuru, one of Africa’s largest remittance organisations, announced a partnership which will enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries.”