HomeSend, a joint venture created by MasterCard, eServGlobal and BICS that enables B2B cross-border transfers, has teamed up with Azimo to launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific.
Azimo customers in 20 European countries are now be able to send funds to mobile money accounts of loved ones in Armenia, Burkina Faso, Fiji, Ghana, Indonesia, Kenya, Nepal, Nigeria, the Philippines and Somaliland.
Through HomeSend, Azimo customers will be able to send money directly in real-time to a recipient’s mobile money account linked to their mobile number rather than having to send funds via an over-the-counter agent or directly to a bank account.
“We’ve seen an increased desire for people to be able to safely send funds via mobile money accounts. This form of money transfer has gained particular popularity due to its convenience, security, competitive pricing and near-instant delivery times,” said Stephen Doyle, CEO of HomeSend.
The World Bank estimates that global remittance market will continue to grow this year to a projected total of $586 billion, underscoring the demand for people to have access to safe and secure ways to send and receive funds.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.
Mastercard is working with Stripe to expedite the payment process for American sellers on the latter's marketplaces using the instant payouts feature from Stripe.
Chase, the US consumer and commercial banking business of JPMorgan Chase & Co, has signed a multiyear agreement with Best Buy, that will see the electronics retailer accept Chase Pay in its stores, on BestBuy.com and in the Best Buy app.
Barclaycard has partnered with Case Station, a company that makes personalised phone cases, to embed contactless technology in the latter's smartphone cases.