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Prepaid Financial Services (PFS), a leading e-money institution that specialises in prepaid card issuing, acquiring and providing alternative banking solutions via its own technology platform, today announced it has sold 5% of the company to a strategic investor after being valued in excess of [pounds sterling]50m.
Rwanda's national payment switch RSwitch has facilitated the first e-money interoperability between mobile money operators.
Consumers are constantly looking for increased speed and ease of use and hence will gradually turn to e-money accounts, which offer the benefits of a traditional bank account with the addition of increased privacy, reduced charges, faster responses and improved consumer interfaces.
Global Banking News-December 16, 2014--Bank Mandiri expects increase in usage of e-money
As a result, it is urging national supervisory authorities to discourage credit, payment and e-money institutions from buying, holding or selling virtual currencies until substantial regulation is in place.
Airtel and Zantel announced an agreement to allow their customers and customers of Tigo in Tanzania to send money to each other using their different e-money services.
Facebook is preparing to launch an e-money transfer service in Europe, online reports say.
SIA is a European leader in the design, creation and management of technology infrastructures and services in the areas of payments, e-money, network services and capital markets.
Bitcoin, invented in the wake of the global financial crisis, is a form of cryptography-based e-money that offers a largely anonymous payment system.
Tokyo, Mar 25, 2013 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) is providing Universal Studios Japan(R) with a closed-loop prepaid electronic money solution for e-money services scheduled to launch on March 31.
Enhanced due diligence procedures for PEPs: Foreign: YES Domestic: NO KYC covered entities: Credit, financial services, payment and e-money institutions as well as their agents; financial enterprises; insurance companies and intermediaries; investment companies; lawyers, legal advisers, auditors, chartered accountants, tax advisers and tax agents; trust or company service providers; real estate agents; casinos; and persons trading in goods
Al Fardan Exchange too is not far behind and has issued around 45,000 e-money cards to workers earning Dh2,000 and less.
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