Terry joined a number of other high calibre hires who have brought with them a wealth of e-money
and financial technology experience, including Marketing and PR Manager Heather Gray who is a corporate communications and marketing specialist in the payments sector.
According to RSwitch, the new interoperability platform will support and allow for e-money
transfers between Rwanda's mobile network operators allowing end customers to directly get the money into their mobile wallets no matter what mobile network they are subscribed to.
Digital services such as e-money
accounts and digital wallets with linked debit and prepaid cards are emerging as popular alternatives to traditional banking.
Indonesia-based state-owned lender, PT Bank Mandiri, has said that it is expecting an increase in the use of e-money
Facebook to operate the e-money
service throughout Europe using
After charging their account, users can make purchases by presenting their smartphones to a salesperson, who uses an E-money
Terminal to read barcodes that appear on the customer's smartphone screen, which quickly processes the transaction.
The law also incorporates new provisions for e-money
, enacting stricter reporting requirements for all e-money
transactions greater than 100[euro] (approximately $129).
Unlike a general pre-paid card, the e-money
card cannot be loaded by the card holder.
The new agreement extends the use of the E-money
card to Emirates NBD ATMs for various services related to salary withdrawals and money transfers.
The European Commission has issued a reasoned opinion requesting from Cyprus, Belgium, Spain, France, Poland and Portugal to conform with the latest Directive on e-money
As part of the changes, BNB's credit registry will now collect information not only on bank customers, but also on e-money
and non-banking financial institutions that issue loans.
PRE-paid card users will no longer risk being left out of pocket as tough new e-money
regulations have come into force this week.