Payment news, October 5

The State Bank of India and Western Union launch a mobile money transfer service, while the Philippine Stock Exchange migrates to a new trading platform.

State Bank of India enables cross-border mobile money transfers via Western Union 

Western Union announced that it will launch a mobile money transfer service with the State Bank of India SBI at the beginning of 2011. SBI customers will be able to receive cross-border money transfers using their mobile phones.

India is a key market for Western Union,” said Anil Kapur, South and Southeast Asia senior vice-president at Western Union, in a statement. “...

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