Monitise Gets Mobile Banking Grant to Expand in East Africa
"UK based Mobile Banking provider, Monitise says that it has been awarded US$1.5 million by the Africa Enterprise Challenge Fund (AECF) to help fund the launch of its mobile banking and payments service in East Africa."
Mitek Systems Reports Operating Results for First Quarter of Fiscal 2009
"Mitek Systems, Inc., an innovator of image analytics and mobile document capture applications, today announced financial results for the first quarter of fiscal 2009 ended December 31, 2008."
West wakes up to banking via mobile phone
"Alastair Lukies, the co-founder and chief executive of Monitise, which has created a cross-network mobile banking platform, says that during a recession people want to have constant access to their accounts.'If you're a fund manager, do you really need to check your balance? Well, probably not,' he said. 'But many people out there do. Mobile banking is like an umbilical cord.'”
Kenya, Turkey, Japan lead mobile money trend
"'All the pieces are coming into place for mobile banking to transform the way some 1.5 billion people get banking services in emerging markets,' said Elizabeth Littlefield, head of CGAP, a policy and research center seeking to improve financial access for the world's poor. In Kenya, 5 million people have signed up in less than two years to use Safaricom's M-Pesa service, which enables people to send money to each other."
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