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Why should the latest mobile banking Trojan, EventBot, concern telcos?
A newly-created mobile banking Trojan, named EventBot, can not only grab passwords, but also intercept two-factor authentication codes as well Read more…
mobile banking
Off the Wire
India leads mobile banking charge but perhaps not for much longer: report
India leads the world for regular mobile banking usage as a proportion of online consumers with current accounts, but growth is slowing, while Sweden has risen to second place in the global rankings thanks to Read more…
Off the Wire
GSMA launches scheme to certify mobile money service providers
The GSMA has launched a global scheme for mobile money providers to offer safer, more transparent and more resilient financial services to millions of mobile money users around the world. Announced at the industry organization’s Read more…
Off the Wire
ABA Bank enables real-time money transfers with SmartLuy wallet
Cambodian commercial bank ABA Bank has expanded its partnership with cellco Smart Axiata to connect ABA accounts with Smart’s SmartLuy wallet for fund transfer services. Under the expanded partnership deal, customers now can execute money Read more…
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Criminals are exploiting SS7 and SMS-based authentication to drain bank accounts
ITEM: Cyber criminals are reportedly exploiting long-existing security flaws in the SS7 signaling network to hack SMS-based two-factor authentication for banking services and successfully steal money from their customers. That’s according to Motherboard, citing a Read more…
Off the Wire
Mobile financial services plus data science could boost prepaid market by $70b: Juvo
Mobile financial services driven by data science will significantly impact the global pre-paid market, increasing operator revenues by as much as $70 billion, claims a new report from mobile identity scoring firm Juvo. According to Read more…
News
Rumor: Apple seeks partners to launch money-transfer service
(Reuters) – Apple has held talks with payments industry partners about launching a money-transfer service, technology news website Recode reported on Thursday. The service will allow iPhone owners to transfer money digitally to other iPhone Read more…
Off the Wire
Singtel and Telkomsel launch real-time mobile remittance for Indonesian migrants
Singtel and Telkomsel have launched a real-time mobile remittance service to Indonesia offered by SingCash under the Singtel Dash brand. The new service allows customers in Singapore to send money to PT Pos Indonesia’s 4,500 Read more…
Off the Wire
Ant Financial and Ayala take minority stakes in Globe Telecom’s Mynt
Globe Telecom has announced that Alibaba-owned Ant Financial Services Group and Ayala will invest in Mynt – a.k.a. Globe Fintech Innovations, a wholly-owned subsidiary of Globe Capital Venture Holdings (GCVHI) under Globe Telecom – with Read more…
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Bharti Airtel commits $441m to launch payments bank
MUMBAI/NEW DELHI (Reuters) – Bharti Airtel, India’s top wireless carrier, on Thursday unveiled a so-called payments bank, committing an initial investment of 30 billion rupees ($441 million) to build a nationwide network. Airtel Payments Bank Read more…