What are SMS payments?

By Jamie Roberts|2019-01-04T09:45:12+00:00August 27th, 2018|

SMS payments are a means of paying for goods, services or products via a text message sent from a mobile phone. They work like standard SMS or Short Messaging Service. With the SMS payment system, purchasers send a text message to pay for an item or service. This text [...]

M-Pesa: Yet to make an impact in India

By Jamie Roberts|2018-05-02T09:43:01+00:00May 31st, 2015|Tags: , , , |

M-Pesa has established itself globally as one of the most successful mobile micro-finance and money transfer services. Its network consists of the following countries and regions: Afghanistan, South Africa, parts of Eastern Europe, Kenya, and India. Vodafone, India’s second largest mobile operator introduced M-Pesa in India in 2011. It has [...]

M-PESA: how Kenya took the lead in mobile money

By Lucy Harris|2019-01-04T16:27:45+00:00April 7th, 2014|Tags: |

By Janet Kamana, Nairobi M-PESA is a mobile money transfer service supported by Safaricom, Kenya's largest mobile network operator. It is arguably the most developed mobile money transfer system in the world, and has transformed the lives of many Kenyans. With over 18.2 million subscribers in a country [...]

Predicted growth of use of mobile wallet and NFC payments

By Jamie Roberts|2018-05-10T10:38:35+00:00May 23rd, 2013|Tags: , |

The growth in mobile payments, namely NFC and mobile wallet payments, is set to increase in line with the number of smartphone sales around the world. According to the latest research from Gartner, published on 14 February 2012, total smartphone sales in 2011 reached 472 million units and accounted [...]

Number of mobile phones around the world – by country and region

By Jamie Roberts|2018-06-29T15:27:13+00:00May 22nd, 2013|

There are approximately 5,082,665,820 mobile phones in use around the world today. Mobile phone ownership around the world is clearly highlighted in the pie chart below. We have also broken down mobile phone use by region for those countries for which data on mobile phone ownership is available. [...]

SMS payments and charities

By Jamie Roberts|2018-05-02T09:43:04+00:00May 19th, 2013|Tags: |

Unlike other business users of SMS Payments, charities are usually given the full value of the donation. With other business users, the mobile payment provider will charge a transaction fee. Mobile payment providers usually waive this fee for charities to ensure that the charity gets the full benefit of the [...]

The bad press history of sms payments

By Jamie Roberts|2018-05-02T09:43:04+00:00May 17th, 2013|Tags: |

When you ask anyone about premium SMS they will usually think of the companies that you used to see on television offering ringtones, wallpaper, games, photos or dating sites that people could download to their mobile phones. With these companies, SMS payments very quickly got a very bad reputation. Some [...]