Vodafone has rolled its mobile money transfer service into Qatar and the Philippines, with plans to cover Asia, Africa and the Middle East. The service was launched in Kenya as M-PESA and is already available in several other countries, with 20 million people using it globally.
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The UK Financial Services Authority has published rules that will require mobile phone conversations to be recorded by certain regulated financial organisations. It says this will provide an extra source of evidence that can be used to help defend against market abuse.
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Vodafone's financial results for the first half of the current financial year show group revenue up 3.9% year-on-year to £22.6 billion, with adjusted operating profit up by 2.7% to £6.1 billion.
The company also unveiled a new strategy with the aim of "creating a more valuable Vodafone". Its growth strategy will be focused on Europe, Africa and India in the following areas:
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In this week's edition of The Fonecast we're talking about Apple's appearance in the 'top five' manufacturer list, protesters at Vodafone stores and a trial of WiFi service on the London Underground. We also chat to Steve Townend, co-founder of mobile banking service MoBank, about the ways his company has developed since launching last year.
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The Islamist al-Shabab group in Somalia has warned that transferring money by mobile phone is 'unIslamic', insisting that mobile banking could expose Somalia to interference by Western countries.
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