Has microfinance lost its moral compass?

The industry that provides financial services for people on low-incomes and without access to traditional banking services is morally reprehensible according to new research from The University of Manchester.

Nokia plans to launch mobile 'banking'

Nokia, the world's leading mobile phone maker, will launch a service enabling people to make financial transactions with their cell phones, the Finnish telecoms giant said Wednesday.

PayPal letting Google phones swap cash

Online financial transactions giant PayPal on Wednesday showed off a mini-program that lets people exchange money by touching together a pair of Google smartphones.

American Express takes aim at PayPal with Revolution

With its deal to buy Revolution Money, American Express is taking aim at the growing market for online and alternative payments, in a challenge to recognized leader PayPal, analysts say.

Poland seeks competitive edge through new technology

Poland, which is expected to post the European Union's highest growth this year, is hoping to further boost its competitive edge by investing in new technology, the country's e-government czar said Wednesday.

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