Thursday, 19 February 2009

Western Union Money transfer via mobile phones underway

If all goes well, Western Union money transfer in three major currencies - the British Pound Sterling, the Euro and American Dollar - will soon be made possible via mobile phones, the Global System of Mobile Communications Association (GSMA) announced in Barcelona, Spain yesterday.

An initiative of the Mobile Money Transfer (MMT), unit of GSMA, the scheme when it kicks off in the next few months, will enable beneficiaries to use their handsets as terminals for payments in conjunction with Western Union-appointed banks in various countries. Read more


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