
Mozido, a Dallas based global multi-channel financial services (mFS) provider for mobile network operators, retailers and financial institutions, is extending its partnership with T4G, a Canadian technology service company, to improve Mozido’s mobile wallet services platform in Canada. The two enterprises have been collaborating together over the past year to launch a multi-channel transaction services platform in the Caribbean and will be continuing their working relationship for the foreseeable future with the announcement of this new project. Mozido’s mobile payment network enables customers to make money transfers, pay for goods and services and purchase airtime using their wireless enabled device such as the iPhone, Android or Blackberry. Rick Braddock, Chairman of Mozido LLC, exclaims that this is a “strategic partnership to advance our global plans to provide a broadly-based mobile payment platform. “ The mobile wallet is expected to see exponential growth in the coming years with numerous players implementing the technology and competing for market share. Google has already released the Google wallet allowing customers with Android devices to make payments through their NFC enabled smartphones. Apple is expected to launch its mobile wallet product for the iPhone this year.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more