Consumer Adoption of Mobile Banking Jumps Nearly 60% in 2011

After two years of flat growth, consumer mobile banking jumped from 19% to 30% in 2011, corresponding to a rise in Financial Institutions’ offering mobile banking and an increase in consumer smartphone ownership, according to Javelin Strategy and Research. The triple play–mobile banking via SMS...

USAID Grants Aim to Help Create Mobile Banking System in Afghanistan

“In 2002, fewer than 200,000 people in Afghanistan had access to telephones. Today, some 15 million Afghans use mobile phones and a full 85 percent of the population lives within the combined network coverage of the four major telecommunications companies. This technological leap connects Afghans to...

AIB Launches Mobile Banking Site

AIB today announced the launch of its new mobile banking webdsite, which has been tailored specifically for use on smartphones. More than 650,000 of AIB customers actively use AIB Internet Banking and the bank has seen significant growth in the numbers of customers accessing their Internet Banking using...

U.S. Advanced Payment Summit: Nov. 28-29, 2011, Washington, DC

The US Advanced Payments Summit (Nov 28-29, 2011, Washington D.C) is the only place to meet industry leaders with cutting edge innovations and strategies in mobile and contactless, government and transit payments. With over 75 senior payments speakers from the fastest growing sectors, this is the best...

Banks Feeling Threat of Alternative Mobile Payment Providers, Says Report

Faced with growing competitive threats from non-traditional sources, such as alternative payment providers, banks around the world have aggressively swung their attention to emerging mobile platforms to defend their payments revenues, according to a new report from KPMG International. Adding to the...

Mobile Banking Markets and Opportunities Report Announced by Research and Markets

Research and Markets  has announced the release of a new report, entitled “M-Banking Markets and Opportunities.” Mobile banking refers to a client-server system that is specifically designed for mobile devices, allowing banking customers to use handheld devices to...

Fi-Mobile Launches New Banking App Platform

Fi-Mobile Inc. has announced the release of UniFI, a new mobile banking application platform that allows financial institutions to deliver and manage a branded mobile presence. Designed to help credit unions and banks deliver a unified mobile banking experience to account holders and members, UniFI provides...

Develping Mobile Banking Channel for Corporate Clients is Top Prioirty for Bankers, Says Survey

Developing a mobile banking channel for their corporate clients is a top priority for bankers, according to a recent survey by Fundtech. The results of the survey, taken among bankers on the topic of mobile banking,  show that many bankers think it has the potential to become an important competitive...

Many Financial Institutions Favor iPhone for Banking App’s, Says Analyst

While Android has made huge strides against the iPhone in terms of smartphone usage,according to Aviva Litan, an Analyst at information technology research and advisory company  Gartner, Inc., banks are more comfortable with the iPhone for their banking apps. And even then, she writes, the mobile apps that...

First Data mBanking Solution Adopted by Texas Banks

American Bank of Texas, Marble Falls, Texas, and Waggoner National Bank, Vernon, Texas, have launched First Data’s Mobile Manager – mBanking solution. The offering is now available to their Internet banking customers following a successful internal pilot period. First Data Corporation is a global leader...

Mobile Payments Research Report 2011: Battle in a Fragmented Market

Research and Markets  has announced the addition of the “Mobile Payments – A Battle of Giants in a Fragmented Market” report to their offering. This study spotlights the mobile payment market, provides details about the related services and their technological aspects,...

Trilogy’s Voila and Unibank Announce Launch of Haiti’s First Mobile Money Service

Haitian wireless operator Voila, a subsidiary of Seattle-based Trilogy International Partners, and UNIBANK, Haiti’s premier bank, have launched T-Cash, Haiti’s first mobile money solution. In Haiti, hundreds of thousands of the country’s ‘unbanked’ population and Haitians in...

Report Shows Majority of Top 100 Financial Institutions Offer Mobile Banking

A recent report covering mobile banking reveals that over half of the Top 100 financial institutions offer mobile banking services as of September 2010. Surprisingly, this activity is not concentrated among the Top 25 or even Top 50, with many smaller banks actively utilizing vendor capabilities to offer...

America Movil Estimates 50 Million Potential “Mobile Banking” Market in Mexico

Latin America’s largest wireless carrier, American Movil, will offer financial services to about 50 million people in Mexico who have mobile phones and no bank accounts, according to American Movil CFO Carlos Garcia Moreno. “There are many more telephones than there are bank accounts, and it’s ...

Mobile Phones Leapfrog Traditional Financial Institutions in Developing World

When a devastating earthquake struck Haiti in January, phones enabled Haitians to withdraw cash at local banks or access account funds to pay for groceries. The spawning of a “mobile money” market in Haiti illustrates how mobile funds-transfer applications could develop elsewhere. Now card...

Mobile Banking in Africa

Mobile operators and industry experts see the mobile payment, also called Mobile Banking, MBanking, M-payment or SMS Banking, as the future of a cashless society. The mobile payment works by storing a consumer’s credit or debit card within the SIM card and employing the near-field communication (NFC)...

Cimbal

Cimbal provides an electronic payment network that turns a smartphone into a replacement for cash, debit and credit cards and the interchange network needed to process them. Cimbal can be used for payments in stores, online and person to person—all in a consistent, simple user experience. From the consumer...