The central banks of Cambodia and Malaysia have launched the first phase of a cross-border payments system that initially enables Cambodian travellers to purchase good and services in Malaysia using QR codes.
In what is described as a first for the EEMEA region, First Abu Dhabi Bank (FAB) and payment giant Mastercard have officially launched Mastercard’s proprietary mobile-first virtual card number (VCN) solution for businesses.
TerraPay, a global money movement company, has partnered with Wave Mobile Money, a mobile money provider, in what is described as a strategic move to enhance cross-border remittance services in West Africa – and specifically Mali.
At Mobile World Congress on Monday, payments company Visa and the GSMA Mobile for Development Foundation (a.k.a. the GSMA Foundation) launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets.