Vodafone India Unveils Cost Cuts, IBM Deal
Vodafone has already taken a number of initiatives to grow in India, which has a population three times the size of Europe. In May, Vodafone launched two sub-$45 handsets, working with China’s ZTE Corp. (0763.HK), in a bid to make mobile phones more affordable to millions of Indians on low incomes.

Philippine ATM firm to extend network to rural areas
Philippines-based ATM vendor Encash plans to install 200 ATMs in remote areas of the country, a company spokesperson tells CardLine Global.

India’s mChek Enables Insurance Payments from Mobile
mChek has announced that “ICICI Prudential Life Insurance policyholders can now pay their premiums through their mobile phones, anytime and from anywhere. ICICI Prudential is the first life insurance company in the country to launch this unique service facility for its policyholders.”

Survey Shows Heavy Carrier Reliance on Transaction Fees for NFC
In a development that could long complicate the introduction of commercial services allowing consumers to make point-of-sale payments with their mobile phones, mobile network operators say they will derive POS payment revenue chiefly from consumer transaction fees.

Scotiabank Perú and N-Via Sign Agreement to Offer Mobile Money Transfers in Perú
Scotiabank Perú and N-Via USA Inc., a company specializing in financial services and money transfer, including prepaid debit cards, bill payment, mobile payments and mobile to mobile transfers, announced today an agreement to provide mobile payment services, with cash out options through Scotiabank Peru more than 400 service outlets in 27 cities across Peru.