Bank of Ireland upgrades mobile banking app
"Bank of Ireland is upgrading its mobile banking service with a facility enabling users to transfer funds to other customers of the bank, using only their mobile phone numbers. The new Pay to Mobile service is due to launch to its customers early in the New Year, but customers are being asked to register in advance."
How often do expats in Pakistan use their mobile or smartphone for mobile banking?
"We recently undertook an online poll amongst expats around the world to see how often they use their mobile phone or their smartphone for mobile banking. We were able to split down the results into the top nine countries around the world and Pakistan is in this group of countries. Even though mobile phones and the Internet are intrinsically linked there are a number of interesting factors with regards to the Pakistan mobile phone market which differ greatly from your average developed country."
New M-Pesa mobile banking service, M-Shwari, runs on TEMENOS T24
"Temenos (SIX: TEMN), the market leading provider of banking software, today announced that its award-winning banking application T24 is being used as the platform for M-Shwari, the latest iteration of the hugely successful M-Pesa mobile money offering. Launched in 2007, M-Pesa's basic mobile banking services have been a massive hit, attracting more than 17 million subscribers or more than 80% of the adult population in Kenya 1 . M-Shwari, which launched this week, takes the M-Pesa service to the next level, opening a broad range of banking services including interest bearing savings accounts and micro loans to M-Pesa subscribers."
Kenya: Mobile Money Fights Banks
"Nairobi — Mobile phone service providers in Kenya have taken the battle for banking services right at the door steps of traditional banking service providers. In what will definitely spur a rush for banking customers, Mobile service provider Safaricom Tuesday unveiled a service the will enable Kenyans to save money, borrow loans and even earn interest by use of mobile phone."
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