Accountholders can use their mobile phones to transfer funds at any time without needing to go to a distribution point or have physical cash.
The card is certified by the major payment schemes and accepted at more than 27,000 ATMs and 240,000 EMV-compliant POS terminals throughout the country.
The company says its DalPay.com merchants will now be able to do business in the Middle East and North Africa using the locally preferred payment method.
The report provides a perspective on walk-in bill payment market transactions, dollar volume, and revenue, and highlights changing trends.
The patent offers a solution for transactions at a payment kiosk, or 'reverse ATM,' in which a customer must either insert exact change for a payment or round up to the next dollar and forfeit any change due.
The technology will allow Banco del Pacifico to expand into underbanked regions by reducing the frequency and cost of cash replenishment visits.
The FI's customers can now send money to anyone in the country, even if the recipient doesn't have a bank account.
Customers of mobile money network MTN will be able to obtain cash at 147 Centenary Bank ATMs across Uganda.
Global Payout will purchase 100 percent of Maxie Mobile, a company that enables payments and ATM withdrawals from a prepaid mobile account.
The total dollar volume loaded through card malls grew 19 percent in 2013, and new research says growth will continue.
FNB won the award for its successful implementation of the NCR SelfServ 4 slim line kiosk, using a custom platform that supports the FI's inclusion banking strategy.
The concept is now being tested in a 90-day pilot, after which the partners are prepared to roll out a nationwide deployment of several thousand machines.
Following a one-year waiver period, cash withdrawals via teller or ATM will be subject to a fee of up to 5 percent as the Nigerian government carries out its plan to retool the nation's cash-based economy.
In an effort to reach the three-quarters of Peruvian adults who are currently unbanked, the country's principal FI is embarking on an ambitious plan to install more than 1,000 new ATMs.
American Express this week announced that its full-service reloadable prepaid account, Serve, is now available through 4,100 Walmart stores nationwide. Serve customers can add cash to their account for free at 19,500 Walmart, CVS and participating 7-ELEVEN locations in the...