Active mobile money accounts worldwide grew 41% to more than 100 million in 2014, a report from the GSMA’s Mobile Money for the Unbanked programme has found. State of the Industry 2014: Mobile Financial Services for the Unbanked also reports that mobile money services are now available in 61% of developing markets — 84 out of 139 — with 255 services running in 89 countries worldwide. “Mobile is a key enabling tool for financial inclusion and over the last year we’ve seen significant growth in mobile financial services,” says GSMA chief regulatory officer Tom Phillips.
- Starling Bank adds connected cards for volunteer shoppers
- Kenya, Tanzania, Uganda and Mauritius to increase contactless transaction limit
- Belgium increases contactless transaction limit to €50
- BIS reports on likely impact of Covid-19 on cash, cards and mobile payments
- UK supermarkets launch digital volunteer shopping cards