What's New in Payments

Kenyan banks roll out PesaLink real-time direct P2P mobile payments

PesaLink

Kenya’s new digital payments platform PesaLink, that will enable consumers to make real-time mobile person-to-person (P2P) payments from US$0.10 up to US$9,650 at any time without having to go through intermediaries, is “expected to cut the cost of transactions and transform the way consumers interact with their banks”, the Kenya Bankers Association (KBA) says... More












What's New in Payments

Hungary’s national bank to launch instant payments through mobile phone numbers

Magyar Nemzeti Bank (MNB)

A proposal from Hungary’s central bank Magyar Nemzeti Bank (MNB) for the launch of an instant payments service that will allow consumers to initiate a payment using only the mobile phone number of the recipient, with transactions completed “in a matter of seconds”, has been approved by the country’s Financial Stability Board... More


Korea gets BioCA facial recognition solution

A facial biometric authentication service for money transfers has been launched by Korea International Trade Association subsidiary Korea Trade Network (KTNET), in collaboration with biometrics provider Daon and the Korea Smart Authentication Corporation... More