mobile banking

  • Moven Bags $8M To Take Its Mobile Banking App Overseas

    Moven Bags $8M To Take Its Mobile Banking App Overseas

    Moven, a startup that aims to make it easier for people to manage their spending by offering money management tools and real-time spending updates in app form, has closed an $8 million Series A funding round, led by SBT Venture Capital. Read More

  • How T-Mobile’s New Mobile Banking Service Compares With Simple And Amex Serve

    How T-Mobile’s New Mobile Banking Service Compares With Simple And Amex Serve

    T-Mobile today announced its intentions to get into the business of providing banking services to its wireless customers, and any others who want an alternative to traditional banking accounts. The new platform will compete with, and also potentially boost, other, less-known mobile banking services, like those provided by a banking startup called Simple, for example, or Amex’s Serve. Read More

  • Mobile Banking And Payment Startup mFoundry Sold To FIS For $120M On $165M Valuation

    Mobile Banking And Payment Startup mFoundry Sold To FIS For $120M On $165M Valuation

    Some consolidation in the world of mobile payments and mobile banking: mFoundry is getting acquired by FISĀ for $120 million. FIS — a banking and payment provider that works with some 14,000 banks worldwide — already had a 22% stake in the company; today’s deal will see it paying for the remaining 78% in cash. mFoundry provides mobile banking and mobile payment solutions to… Read More

  • Report: 46% Of U.S. Bank Account Holders Will Use Mobile Banking By 2017

    Report: 46% Of U.S. Bank Account Holders Will Use Mobile Banking By 2017

    According to a new Forrester Research report, mobile banking will reach 108 million users in the U.S. by 2017. That’s about 46% of all U.S. bank account holders. Today, according to Forrester’s latest survey, just about 13% of U.S. and 9% of European mobile phone owners regularly use their banks’ mobile banking tools. The market is growing quickly, however, and… Read More

  • Mobile Banking Consolidation: Monitise Buys Clairmail For $173 Million

    Mobile Banking Consolidation: Monitise Buys Clairmail For $173 Million

    One more sign of the mobile money space continuing to grow up: some significant consolidation underway. Today, the UK-based mobile banking specialists Monitise announced that it is buying Clairmail, a U.S.-based competitor, for $173 million, as part of its global expansion. The combined group says it will serve 13 million customers world-wide, processing some $10 billion of payments weekly… Read More

  • Indian Mobile Bank Eko Raises $5.5 Million, Processing $270 Million in Payments a Year

    Indian Mobile Bank Eko Raises $5.5 Million, Processing $270 Million in Payments a Year

    Innovative mobile banking platform Eko India Financial Services has raised $5.5 million from Creation Investments’ Social Venture fund, Promus Equity Partners and several unnamed angel investors. Mobile banking is one of the most exciting trends in the tech world outside Silicon Valley. And now that more people have mobile phones than toilets in the world, there’s a real chance… Read More

  • Bill Gates wants to help the third world with cellphone banking

    Bill Gates wants to help the third world with cellphone banking

    The GSMA, a worldwide consortium of mobile industries, and the Bill & Melinda Gates Foundation (owned by the guy who used to run Microsoft and his lady wife) have teamed up to found the the Mobile Money for the Unbanked (MMU) initiative, allowing folks in developing countries to carry out mobile banking from their non-smartphones and keep and grow their money in a safe and affordable… Read More

  • Young 'uns getting in on the mobile banking thing, oldsters opting out

    Young 'uns getting in on the mobile banking thing, oldsters opting out

    One out of five 18-35-year-olds has used their cell phone for a banking transaction – twice as many as the general population, according to a study done for IBM. Now, I’ve moved almost exclusively to online banking, but my balance transfers aren’t pressing enough that I need to do them from the middle of the street. Most people are afraid of losing personal information, but… Read More

  • Western Union building mobile payment service

    Western Union building mobile payment service

    Soon, you’ll be able to get money on your mobile phone no matter where your location. The GSM Association is working with Western Union to develop a cross-border money-transfer service that would work in any country with a GSM network. Together, the two companies are building the technology that would allow customers to transfer funs with their mobile phones. Come Q2 of next year, you… Read More