India's poorest can now get ATM cards

August 13, 2012

A directive from India's central bank means that FIs must offer ATM-enabled accounts with no minimum balance requirements to the country's poorest citizens.

First Bank of Nigeria initiates cashless ATM service

August 6, 2012

First Bank of Nigeria Plc. has implemented a cardless ATM transfer service. The service allows accountholders to send funds to individuals who do not have a…

India's ATM industry is banking on the unbanked

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

The up-and-coming nation has ambitious plans for improving its current ATM-to-citizen ratio of 1:13,333.

Chase Liquid spills into nationwide market

July 16, 2012

After completing a pilot program for its reloadable prepaid card, Chase Liquid, Chase Bank announced it is now rolling out the program nationwide through its…

CBN sets aggressive goal for reducing unbanked

July 3, 2012

The Central Bank of Nigeria (CBN) is aiming to reduce its unbanked population by 20 percent by the year 2020.

Prepaid market still growing

July 3, 2012

In a recent report titled, Prepaid and Gift Cards in the U.S., research firm Packaged Facts said that prepaid payment volume will jump more than 22 percent…

Emerging economies embrace banking innovations

ATMs, mobiles and kiosks play nicely together, enabling financial inclusion in developing countries.

India's 'Money-on-Mobile' launches carrier- and bank-agnostic mobile wallet

June 12, 2012

India's My Mobile Payments Ltd., a mobile payment service provider, today announced that, with a little help from Dallas-based payment processor Calpian inc.…

CFPB announces proposed rulemaking for prepaid reloadable cards

Watchdog bureau will seek public comment on consumer safeguards.

ATM fees waived for indigenous Australians in remote areas

May 24, 2012

The Australian financial industry today announced its response to watchdog groups' criticism of "excessive" fees being charged to aboriginal Australians in…

Bank/telco alliance provides no-frills accounts to India's unbanked

May 18, 2012

Axis Bank and Bharti Airtel this week announced a partnership that will extend banking services to India's unbanked millions.

FIs reach out to the unbanked in Bangladesh via Wincor ATMs

May 4, 2012

Wincor Nixdorf is supplying its latest ATM technology to banks in Bangladesh, the company announced. The Wincor systems will support the country's use of ATMs…

Walmart lets shoppers buy online, pay with cash

April 30, 2012

Walmart recently announced a new "Pay with Cash" offering in the U.S. for online orders at Walmart.com. The service lets un- and underbanked customers order…

Solar-powered ATMs benefit rural india

April 23, 2012

Indian startup Vortex Engineering has come up with a solution that saves villagers in rural India from having to travel for hours to the nearest bank branch…

ATMs and the unbanked: an emerging convergence

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

Un- and underbanked Americans pay $45 billion a year in fees; the ATM industry is figuring out how to claim its share.

Nexxo debuts 'Bank-in-a-Box' ATM

April 12, 2012

"Bank-in-a-Box" from Nexxo Financial Corp. received kudos last month when the multifunction, multichannel K3000 ATM made its debut at ATMIA US 2012, CFSA 201…

Indian banks must reach out to unbanked says RBI

March 23, 2012

The Reserve Bank of India is asking banks to comply with the recommendation that they open at least one-quarter of their new branch banks every year in…

Research identifies massive self-service billpay market

March 5, 2012

Self-service kiosk provider Genkiosk is offering a free download of an independently produced white paper that gauges the market potential for self-service…

Orange Cote d'Ivoir extends Orange Money offering

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

March 2, 2012

A news release last Thursday said that Orange Cote d’Ivoire, long-time partner of solutions provider Sicap, has extended its Orange Money offering with the…

Wincor Nixdorf, eServGlobal to launch integrated mobile money solution

February 24, 2012

EServGlobal and Wincor Nixdorf, a provider of IT solutions to the retail and banking industries, announced they will integrate eServGlobal’s mobile money…