Mobile banking
‘Branchless’ banking increasing in Pakistan
So-called 'branchless banking' transactions grew 23% between January and March this year; accounts linked to mobile phones reached over 1 million during the period
Papua New Guinea welcomes mobile banking advances
Governor of the Bank of Papua New Guinea has 'no objection' to use of mobile banking product in the country; hopes system will improve financial services for unbanked population
Norges Bank assesses payments system
Annual Report on Payment Systems 2011 finds speed of payment transactions to be lacking; system in general is nonetheless efficient says deputy governor
Peru central bank paper analyses effect of mobile phones
Researchers consider the effect of mobile phone coverage on household welfare in Peru; find an increase in income, assets and expenditure after coverage is extended
Bank of Estonia notes increasing electronic payments
Central bank says more than 99% of non-cash payments in Estonia are now electronic; further increase in use of internet payments expected
Kansas Fed Economic Review discusses barriers to mobile payments in US
Kansas Fed’s latest economic review discusses supply- and demand-side issues limiting the use of mobile payments in the US
RBI deputy governor highlights threat to inflows from mobile banking
Chakrabarty says country-specific approach with international co-operation is needed to regulate mobile phone banking
Fed director cautious of ‘not fully known’ impacts of mobile banking
Sandra Braunstein testifies to US Senate on 'not fully known' ways the use of mobile devices can affect financial services
Bank of Estonia to reveal travel statistics gleaned from mobile positioning data
Estonian central bank has been using data from mobile phone usage for more than three years to assist with balance of payments calculation; only two other European central banks operate similar systems
EPC outlines new models for mobile payments
European Payments Council requests feedback on new model for contactless and remote mobile payments in Europe; focuses on the preferred type of secure-elements technology used in mobile phones