Technology from Gemalto to serve unbanked in Bangladesh

June 3, 2013

Digital security provider Gemalto is providing its smartcard-based solution to Dipon Consultancy Services Ltd. for a financial inclusion project in Bangladesh.

OxiCash Money Transfer launches as India's 1st RBI-approved mobile wallet for unbanked

May 8, 2013

Yesterday, India's payments solutions provider Oxigen unveiled its instant money transfer service, OxiCash. This "mobile wallet" enables India's unbanked…

ACLEDA Bank, Fiserv win tech implementation award

May 7, 2013

Financial technology company Fiserv and Cambodian bank ACLEDA have won an Asian Banker Technology Implementation Award in the category "best mobile banking…

Ghana gets its first mobile ATM

April 18, 2013

Ghana's UT Bank has rolled out (literally) that nation's first mobile banking unit. "Bank on Wheels" was unveiled this week at the bank's annual shareholder…

Amex Bluebird evolves into a 'virtual bank'

by James Wester

Now offering FDIC insurance and paper checks, the prepaid is looking like an online bank with ATM branches.

Bangladesh central bank promises easing of ATM install regs

March 18, 2013

Following complaints that its recent tightening of procedures for setting up ATMs was hindering the speed of installations, Bangladesh Bank has promised to…

Cambodian FI honored for effort to serve unbanked via Mobiliti Reach

March 5, 2013

Financial services technology provider Fiserv has announced that its client, ACLEDA Bank PLC, was recently named a Celent Model Bank for 2013. The Cambodian FI…

Oakland debuts combination ID, prepaid card

February 6, 2013

Oakland, Calif., is getting ready to introduce reloadable prepaid cards integrated with city-issued municipal identification cards. The opt-in service was…

The underbanked: embracing the prepaid phenomenon

As the underbanked increasingly choose prepaids for their money management needs, new opportunities arise for the ATM industry.

Yalamanchili wins processing contract for new Indian electronic payment service

January 24, 2013

Indian firm Yalamanchili, a provider of software and white-label acquiring solutions, has been selected as processing provider for Saral Money, India's…

Rural Indian bank network to add ATMs, branches

January 2, 2013

India's Pandyan Grama Bank will open 17 new branches and will also begin to introduce ATMs during its next fiscal year, said a news release from the FI’s…

India adds prepaids to ATMs in outreach to the unbanked

December 20, 2012

The Indian government has made it a priority to bank the unbanked and they're using every means at their disposal to do it. Earlier this year, the government…

CBN announces Dec. 17 end to all ATM fees

December 10, 2012

After several weeks of confusion, complaining and finger-pointing, it seems as though the CBN finally has an agreed date for the universal implementation of…

Azerbaijani bank launches mobile ATM service for remote regions

December 3, 2012

Following a successful pilot test, AtaBank OJSC, one of the largest commercial banks in Azerbaijan, has begun "AtaMatik" mobile ATM service in the country's…

Of ban on Nigerian ATM fees, CBN says, 'It wasn't our doing'

November 28, 2012

In response to banks' complaints about a directive banning them from charging foreign ATM fees, the Central Bank of Nigeria spoke up this week to set the…

Philippine partnership enables cardless ATM withdrawals

November 26, 2012

The Security Bank Corp. of the Philippines and IAD Electronic Network Cash Tellers Inc. have teamed to launch the first cardless ATM withdrawals in the…

Walmart, Amex release Bluebird prepaid account

October 9, 2012

Retail giant Walmart and credit card brand American Express have announced the launch of Bluebird, a new low-cost prepaid account aimed at the un- and…

First-ever mobile bank going strong

September 14, 2012

Philippine FI BPI Globe BanKO Inc., the world's first mobile phone-based bank, expects to reach the million-client milestone in 2013. Demand for the…

Transition to 'cashless' slow going in Nigeria

August 17, 2012

The effort of Nigeria to reduce cash in circulation, provide services to the unbanked, and transition its economy to electronic and mobile transactions, is…

Study: Prepaid cards mostly used short-term

August 13, 2012

A study by the Federal Reserve Bank of Philadelphia has found that consumers generally use a prepaid card for no more than six months, indicating that such…