Whole Network Most Recent TOP10 Device Evolution Mobile Content Mobile Marketing News

 

Western Union to Launch Global Mobile Money Transfer Service

Filed in archive Mobile Commerce , Mobile Technologies by leo on October 19, 2007

Riding the recent developments on mobile payment system, Western Union is taking its business mobile with its new partnership with GSM World to develop a global mobile money transfer service. The scheduled roll out is in 2nd quarter 2008.

Western Union to Launch Global Mobile Money Transfer Service

This new money transfer service will empower average consumers to "send and receive low-denomination, High frequencylinks money transfers using their mobile phones." A mobile wallet software is required to facilitate these transactions.

"Western Union has a long-tradition of innovation. Our focus on the mobile money transfer space is an important step in expanding the range of Western Union's global services to a new category of consumers. Our brand, extensive network, and compliance capabilities, combined with the GSMA members' market reach, uniquely positions Western Union in the mobile money transfer marketplace," said Western Union President and CEO Christina Gold, in a press release.

The bigger issue here is will this new technology minimize the transfer fees paid by the consumers or are we going to pay higher fees since it's more convenient?


Advertisement


Permalink: Western Union to Launch Global Mobile Money Transfer Service
Tags: mpayment  mobile+technology  mobile+trends  cellphones  mobile+payment  western+union  gsm  mobile  money+t 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/97751



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
 
Advertisement
Book yours here.



  • Testimonials

  • 'Great analysis...'

    'revenue, schmevenue -- where's the app, i'm ready to play :-)'

    'Your site is unique and helps make my life easier when trying to find news on mobile phones.'
  • Other blogs in the same channel in the Creative Weblogging Network







 
Tagcloud: 3G Analysis Announcements Art Bling Blogging Carnival of the Capitalists Concepts Design Device Evolution E-mail Events Forecasts Forum Fun Links Location Based Services Media Mobile Commerce Mobile Community Mobile Content Mobile Culture Mobile Games Mobile Internet Mobile Marketing Mobile Society Mobile Technologies New Applications New Launches News Operators Personal Portable Devices Privacy and Security Retailing Rumours Sponsored Posts Survey VoIP Wireless Access