Tag: Mobile Banking
RIM Receives Mobile Payment Approval from Visa
By Ada Arinze Here is another reason to buy a Blackberry if you were still dithering- recently, Research in Motion (RIM) has announced that its Secure Element Manager (SEM) solution for NFC (Near Field Communication) mobile payments have been approved by Visa. This approval was granted on January 16th 2013. RIM’s SEM is the backend [...]
The Central Bank of Nigeria Plans to Introduce Agent Banking
A banking agent is a retail or postal outlet contracted by a financial institution or a mobile network operator to process clients’ transactions. Rather than a branch teller, it is the owner or an employee of the retail outlet who conducts the transaction and lets clients deposit, withdraw, and transfer funds, pay their bills, inquire about an account balance, or receive government benefits or a direct deposit from their employer. Banking agents can be pharmacies, supermarkets, convenience stores, post offices, and many more.
