Western Union and the MTN Group today announced the launch of a mobile money transfer service in Uganda enabling MTN customers to send and receive money via their mobile phones.

This service was announced at a press conference today in Kampala.

A new South African mobile credit app called CheqOut is set to launch next month.

CheqOut will enable small businesses and individuals to harness credit card facilities for their business. Individuals running a business or taxi drivers on the move rarely own credit card payment facilities, but CheqOut is set to change that.

Kenya’s leading telecom provider Safaricom announced on Tuesday that it was upgrading its mobile money platform M-PESA to a newer version, hoping to make doing financial transactions wirelessly a bit easier.

According to the company, the new system “will enable users to make instant payments for corporate services such as insurance.

Reacting to recent hacks that could expose a user's funds, Google has patched a security flaw in Google Wallet and reenabled the use of prepaid cards.

Google has patched a hole in Google Wallet that could've allowed someone to access a user's funds simply by resetting the PIN and using a prepaid card.

Security researchers said they found a vulnerability in the Google Inc mobile payments platform which is currently available in phones sold by Sprint Nextel Corp.

Mobile payment services that allow consumers to pay by waving their phone at a check-out terminal, instead of using a credit card, have long been available in Japan and some other countries but are only just emerging in the United States.

Uganda’s Warid Telecom and Obopay announced a new agreement that will see the telecommunications operator launch a mobile banking and payment service called Warid Pesa.

The initiative has analysts tipping Warid as the new top provider of mobile money in the country.