Mobile payments in the Philippines provides future future opportunities for growth. Mobile money providers have an opportunity to move customers away from existing payment options, to persuade customers to use their services in addition to their current payment provider, and to target segments not currently served by formal payment providers such as personal direct payers and users of informal service providers....
Vancity, the largest credit union in Canada, introduced a remittance program via Smart Money that will allow members in British Columbia to send for free as much as P40,000 (approximately C$950) until the end of January this year....
Citibank is offering ease in accessing one’s credit card and bank accounts anywhere and anytime through Citibank Online, or the mobile banking application for Android phones or Citi Mobile Payments....
According to a report from Juniper Research released recently, growth will come from mobile remittances sent across established migration corridors – such as the US-Mexico and intra-regional transfers across Africa and the Middle East – as migrant workers send money home from foreign countries...
