SK Telecom To Buy 49% Of Hana Card Stake For KRW400B
"SK Telecom Co. (SKM), South Korea's largest mobile phone carrier by revenue, said Monday that its board has approved a plan to buy a 49% stake in a credit card unit of Hana Financial Group (086790.SE), potentially giving the two companies a leg up in the highly saturated credit card and telecommunications markets"
Luup launches mobile banking solution
"Luup International, a leading provider of mobile payments solutions, has launched its mobile salary disbursement solution in the Mena region. The solution is specifically tailored to assist corporate businesses affected by the regulation meet their ever growing needs when disbursing salaries to their unbanked workforce. By deploying the mobile payments platform employers can provide unbanked employees with an account accessed through their mobile phone, called a ‘stored value account’, into which salaries can be paid electronically."
mFoundry Captures Top Spot in Bank Technology News Ranking of the Top 10 Companies & Technologies of 2009
"Mobile financial services leader mFoundry announced today that it was selected by Bank Technology News (BTN) as the leading company in its 8th Annual Innovator Awards ranking. Each year the awards, which this year were announced in December, rank the companies and individuals that the publication deems most innovative. This marks the third consecutive year that mFoundry has been named to BTN’s prestigious list."
First branchless bank starts pilot testing
"The BPI Globe Savings Bank (BanKo) is presently pilot testing retail microlending using mobile money technology (MMT) in an undisclosed area. BanKo is a thrift bank that will specialize in microfinance and branchless banking using mobile teachnology. It is co-owned by the Bank of the Philippines Islands (BPI), Globe Telecommunications Inc. and Ayala Corp."