International Mobile Banking - May 2

Banking app 'unlike others'
"TSB Bank customers now have access to a groundbreaking mobile banking application that will change the way some customers handle their finances. For the past 12 months, TSB's technology services department has been researching and developing a banking app unlike any other, TSB's technology services manager Marie Collins said."

O2 launches revolutionary mobile banking service
"Consumers will be soon able to transfer money to their bank account with just a text message. Mobile network O2 has launched a smartphone app which allows people to transfer up to £500 by simply sending a text. Dubbed the "wallet", the application will help consumers "digitise" their banking accounts and help to speed up debit and credit transactions. The company has also revealed that it intends to follow the example of Barclaycard and launch near-field communication (NFC) chips to allow people to make contactless transactions in high street stores."

The bank of SMS
"AFRICA is the continent where “mobile money”—monetary transactions on mobile phones—is by far the most advanced. According to a new survey of financial habits by the Gates Foundation, the World Bank and Gallup, in 20 countries more than 10% of adults said that they had used mobile money at some point in the previous 12 months; 15 of those countries were in Africa. For the most part, mobile phones are a substitute for traditional banks, enabling people who live miles from a branch or ATM to use financial services."

Hispanics Must Make Banking & Financial Planning Part of Their American Dream
"According to a recent Nielsen's report, The State of the Hispanic Consumer: The Hispanic Market Imperative, Latino buying power will have grown 50% between 2010 and 2015, reaching an incredible $1.5 trillion. To put this in perspective, the report notes that if U.S. Hispanics were a standalone country, their market buying power would be one of the top twenty economies in the world."

NBC set to mark anniversary with mobile banking in sight
"The National Bank of Commerce (NBC) is expected to celebrate its 45 years anniversary along with plans to launch its mobile banking system in September this year. Speaking to reporters at the NBC bank ABSA Capital Economic Forum organised by the banks for its corporate clients in Dar es Salaam on Wednesday to share a regional and global economic outlook, NBC Managing Director Lawrence Mafuru said that the bank will celebrate its 45 years anniversary since it was founded early in 1967."