Money Transfer Archive

Telecoms in Africa

Swazi MTN, Standard Bank partner on mobile banking

SWAZI MTN and Standard Bank have collaborated on mobile banking which will bring more convenience to customers.Standard Bank Chief Executive Phil Mnisi said mobile banking was essentially banking through the…

Mobile Money Userbase Overtakes Bank Accounts in Uganda

The number of mobile money account users in Uganda has surpassed the number of bank accounts in the country, the Bank of Uganda's Deputy Governor Dr. Louis Kasekende has announced.There…

State Law Office of Kenya starts M-PESA payments

The State Law Office has partnered with Safaricom for easier payment of services like registration of companies, societies, or weddings using M-PESA.Solicitor General Njee Muturi said that the deal with…

Safaricom’s MyMarket To Rival OLX Online Auctions Business

The  launch of Safaricom’s MyMarket platform will usher in competition in Kenya’s online merchandising business space, already dominated by local classifieds site, OLX.The service will offer clients free auction services…

Ethiopia: Hellocash Mobile Money Service Goes Live in Ethiopia

Lion International Bank and Somali Micro Finance in partnership with BelCash Technology Solution PLC launched the official pilot of the HelloCash mobile money services.BelCash Technology Solution PLC is an Ethiopian…

Kenyan Startup Aims to Speed Bitcoin to Africa

Bitcoin users have been compared to latter-day evangelists, steadfastly trying to persuade the masses to use a mysterious electronic currency hidden in the Internet. But one company is hoping their…

Ghana Rolls Out E-Salary Voucher

The eagerly-anticipated Electronic Salary Payment Voucher (E-SPV) will replace the manual payment voucher system in July this year, Ghana's Controller and Accountant General's Department (CAGD), announced.The system would be rolled…

Safaricom braces for opening of M-Pesa to rivals

Safaricom is bracing itself for an upcoming ruling by the competition watchdog, which could force it to open up its M-Pesa agency network to interconnect with rival m-money services.M-Pesa’s popularity,…

GSMA Report Shows Active Mobile Money Customers Reached 61 Million In 2013

Mobile Money Services Continue to Gain Scale as 13 Services Now Have More Than 1 Million Active Accounts each.The GSMA's Mobile Money for the Unbanked (MMU) programme today released its…

Emerging Markets Payments enters Kenyan market

 There is a new player in the electronic payments market in Kenya, the Emerging Markets Payments Company which will be offering consumers card schemes, cards, mobile and e-commerce not to…

Air France, Airtel partnership lifts Gabon

Airtel has signed a partnership Agreement with Air France which will enable customers to purchase flight tickets from the French airline via Airtel Money.Charles Alexis Boukinda, the Director of Airtel…

Kenya: Airtel, Chase Bank in debit card deal

Airtel Kenya Managing Director Shivan Bhargava said the card will enhance convenience on the company’s mobile money and banking services and ensure that subscribers from both companies get added value.“We…

Kenya: Airtel Launches Loan Product With AFB

Airtel Kenya has signed an agreement with afb, a consumer finance company that will see Airtel subscribers have access to unsecured credit products in the coming few months.Afb Mobile Managing…

Faulu loses bid to halt Safaricom’s M-Shwari

Users of the mobile phone banking service, M-Shwari, will continue using it after a court rejected an application to halt the transactions.Micro-finance company Faulu Kenya, which claims copyright to the…

Barclays account shutdown raises Somali fears

Barclays bank is closing about 100 UK accounts held by cash transfer businesses, over fears they are being used for money laundering.The businesses are vital for Somali expatriates sending remittances…

SatADSL unveils satellite services for cash machine networks

Belgium-based satellite service provider SatADSL has presented new services to support the deployment of Automated Teller Machine (ATM) networks in East Africa at the AITEC Mobile Money Conference in Nairobi.…

Azimo Launches New Instant Money Transfer Service to 8 New Countries in West Africa

Online money transfer service Azimo today opened its doors to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Tog in West African CFA francs for instant…

Millicom International Cellular: Millicom Launches Rwanda’s First Mobile-Based Savings Product with Tigo Cash

Millicom, the international telecommunications and media company, announced that its Tigo operation in Rwanda has launched the country’s first mobile-based savings product – Tigo Sugira – with Tigo Cash.The service,…

MTN Cameroon launches university fees payment

MTN Cameroon has launched a new service for students to pay their university registration and tuition fees over MTN Mobile Money.The Mobile Money service makes it possible for students to…

Airtel Partners Cignifi and WSBI to Develop Innovative Mobile Savings Product

Brussels-based WSBI (World Savings and Retail Banking Institute) and Cignifi has announced an agreement to develop and test-market an innovative mobile savings product targeted at underserved and dormant savers.The product…

Airtel Rwanda Introduces Micro-Loans On Airtel Money

In a bid to expand reach into mobile financial services, Airtel Rwanda has announced plans to introduce micro-loans on Airtel Money on April 1, 2015 in a partnership with Atlantis…

Tanzania: Bank M Migrates to the Cloud

BANK M has become the first bank in the country to fully migrate to the cloud after adapting the Google Apps, a cloud-based productivity suite which allows one to connect…

Sub-Saharan African mobile money worth USD 656 mln in 2014

The Sub-Saharan African mobile money market earned revenues of USD 655.8 million in 2014 and this should reach USD 1.32 billion in 2019, according to research by Frost & Sullivan.…

Ingenico, Tagattitude partner on mobile money in Africa

Ingenico, a worldwide provider of payment products, announced a strategic partnership with Tagattitude, a mobile money software vendor, to deliver mobile money products in Africa. This partnership is designed to…

Card Payments Drop As Mobile Money Use Grows In Kenya

Payments made using plastic cards dipped by a fifth in 11 months to November last year as mobile phone-based payments ate into commercial banks’ business.The latest Central Bank of Kenya…

Ethiopia: Polaris to Install Core Banking System in Ethiopia

Polaris Financial Technology Limited, an Indian financial solutions provider, is set to complete installing a $3.4 million Centralized, Online, Real-time, Electronic (CORE) banking solution at the National Bank of Ethiopia…

Mama Money Launches To Reduce Cost Of Money Transfer In South Africa

 Mama Money, an homegrown South African startup launched today hoping to save immigrants and refugees living in South Africa up to 270 percent on their remittance when sending money to…

Orange Madagascar signs Mobile Money deal with bus operators

Orange Madagascar has signed an agreement with the country's urban, regional and national bus operators to allow passengers to pay their fare by using the Mobile Money service, Agence Ecofin…

VoX Deploys South Africa Local Numbers For Mobile Wallet Initiatives

Pervasip Corp.s  wholly-owned subsidiary, VoxCommunications, a cloud-based voice and video communications solutions, apps and services provider, has initiated a roll out of South Africa virtual numbers as the first phase…

Monitor M-Pesa Transactions On Mobile APP

Developed together with a local start-up Dynamic Data Systems, the partnership is the first in an anticipated series of partnerships Safaricom will be pursuing with local developers and start-ups."We strive…

MTN Ghana Makes Striking Success In Mobile Money Revenue

Mobile operator MTN Ghana says revenue from its popular mobile money service, MTN Mobile Money, jumped from GH¢30,000 when it was launched three years ago to GH¢300,000 in 2012. The…

Dexter payment card malware strikes South Africa

South Africa has been hit by one of the biggest cyber-fraud attacks in its history, according to the body that oversees local financial transactions.The payment card systems of thousands of…

Nigeria: Access Bank, Airtel Nigeria Unveil Mobile Money Platform

Access Bank Plc and Airtel Nigeria Limited have gone into a partnership to introduce a mobile money service known as Access Money.The service allows customers to perform simple, secure and…

KENYA : CBK seeks to limit cash limits for mobile money

The maximum amount of money that an individual can send per day through their phones may be slashed by half if new proposals by the Central Bank are effected.The draft…

KENYA: Open a KCB account on M-Benki

As competition for innovative banking products gathers momentum, financial institutions are going further to make banking easier and more accessible to the unbanked population in Kenya.Kenya Commercial Bank (KCB) is…

New Rules Set to Protect Mobile Money Users in Uganda

Individuals who receive mobile money that is wrongly transferred to their account but decline to return it to the owner could soon land in jail if new penalties are enforced.MTN…

iVeri's mPress Chip & PIN Mobile Payments Solutions Approved by Visa Ready Program

African payments provider iVeri's EMV chip-and-PIN mobile payments solution, MPress has been approved by the Visa Ready program. The approval applies for use within Visa Inc. territories.Visa Ready, introduced in…

Barthi Airtel Rwanda launches cross-border mobile money

With growing competition in mobile banking in the telecoms sector in Rwanda, Barthi Airtel, an Indian mobile operator, has launched a cross-border mobile money transactions within the East African region,…

EcoCash now processing $200m per month

Econet Wireless has revealed that more than $200 million is now being transacted per month through its mobile money transfer platform, EcoCash, helping ease the country’s cash constraints.“There's no question…

Kenya: Airtel adds tax payments to mobile money service

Airtel Kenya has inked a partnership with the Kenya Revenue Authority (KRA). The partnership will allow Kenyan citizens the opportunity to pay their taxes through the Airtel Money service.According to…

Safaricom's Micro-Lending Service Starting to Blacklist Loan Defaulters

Kenya's Commercial Bank of Africa (CBA) has passed details of over 140,000 users of Safaricom's micro-lending service to blacklisting services after they defaulted on loan repayments.Safaricom launched the micro-lending service…

Econet investigated over EcoCash auto-registration

Zimbabwe’s financial regulator the Reserve Bank of Zimbabwe (RBZ) is reportedly investigating allegations that domestic telecoms provider Econet is automatically registering subscribers to its EcoCash mobile money service, local news…

Malawi to launch study on Mobile Money

Malawi is to launch into a study on how it can establish an autonomous Mobile Money Coordination Group (MMCG) that shall operate beyond the life of the current United States…

Zimbabwe’s Telecel confirms Telecash launch

Zimbabwe’s second largest mobile operator has confirmed that it plans to launch its mobile money service ‘Telecash’ this week.Telecel has told ITWeb Africa via its public relations team that it…

Quash launches Mobile Money in Cote d Ivoire

Qash Services, a non-bank, non-GSM operator, announced today the launch of its mobile phone-based financial services in Cote d’Ivoire, under  the name Qash Mobile Banking. Qash Services is one of…

Unified Payments launches Payarena

Unified Payment Services Limited, the leading Payments Industry Service Provider announces the introduction of a new service platform, Payarena®.Payarena offers customers access to Value Added Services which include purchase of…

Absa launches Payment Pebble

Absa has officially launched its long-awaited Payment Pebble, bringing its mobile payments offering to merchant-held smartphones and tablets.First announced in November 2012, Absa’s Payment Pebble is a result of an…

Former MTN Uganda Staff get 9 years’ jail for Mobile Money fraud

The Anti-Corruption Court yesterday convicted six MTN staff after they were found guilty of illegally gaining access to the mobile money system and wired cash amounting to more than Shs3…

Rwanda telecoms start ‘cross border’ mobile money

After a long period of delays, the country’s telecoms- MTN Rwandacel and Airtel Rwanda have set to rollout the cross border mobile money.The  long  awaited  cross  border mobile  money  that…

Rwanda: Travellers to buy bus tickets using Tigo Cash

People travelling to upcountry destinations are now able to pay their fares using Tigo’s mobile money service, Tigo Cash.“The facility will help all subscribers registered on the Tigo Cash mobile…

3G Direct Pay Partners with Cellulant to Provide Online Mobile Money Payments Solutions for Africa

Nairobi-based 3G Direct Pay ha today partnered with mobile digital payments provider, Cellulant in a move set to provide their customers the freedom to pay online using all major credit,…

Enthusiasm For Mobile Money In Togo Spills Out Onto Street

The only time banks get people dancing in the U.S. is in cheesy commercials. Not so in Togo, where Biz Tech Africa reports Moov sales agents were dancing on a…

MasterCard Grants Acquiring License to Payment Firm in Nigeria

MasterCard has granted an acquiring licence to Unified Payment Service Limited, a payments service provider in a move that is expected to widely increase the acceptance of MasterCard payment cards…

MasterCard-Branded Cards Are Now at Ecobank Subsidiaries in 28 African Countries

Ecobank Transnational Inc. and MasterCard customers will now be able to use their MasterCard prepaid, debit and credit cards at Ecobank’s ATMs and Point of Sale terminals in 28 African…

Tigo Pesa returns TZS 3 Billion to customers as first quarterly payment: The first mobile money service in the world to pay profit to its users

DAR ES SALAAM, Tanzania, Tigo has announced the first of its regular quarterly payments worth 3bn/- (US $ 1.8 million) to Tigo Pesa users.  This payment comes three months after…

SA's e-commerce sector gears for consolidation

South Africa’s e-commerce market is bracing itself for increased consolidation, with more mergers and acquisitions expected as traditional retailers eye the online shopping space.Despite the country being the best market…

Mobile money fails the test for emergency relief in DRC

Despite the hype around mobile money’s rapid uptake across Africa, in a new study e-vouchers outperformed mobile money - and in many cases physical cash - as the most effective…

Kenya: Equity's SIM Technology to Go Live By March

Equity Bank plans to officially launch its mobile money platform Equitel - the trading brand of its telecoms subsidiary Finserve Africa - next quarter, chief executive James Mwangi said this…

Centili partners with Ooredoo Algeria on direct mobile billing

Centili has recently partnered with Ooredoo Algeria to bring direct mobile billing to its subscribers. Now merchants can use Centili to reach users in Algeria with seamless web-based payments flow…

Nigeria: Activ-Edge, SAP Partner for Mobile Money Offering

Activ-Edge, a Nigerian technology firm, has entered into a partnership with SAP Africa to provide mobile payment services to local clients.The deal will culminate in ActivEdge Technologies offering key SAP…

Proflight, MTN partner in mobile ticketing pact

PROFLIGHT Zambia has partnered with MTN Zambia to offer customers an additional payment solution when buying tickets using the mobile money services.The service enables customers with an MTN mobile money…

Nigeria: FCMB commences Agent Banking

As part of efforts to encourage the huge number of unbanked and underbanked Nigerians living in rural communities, First City Monument Bank (FCMB) has launched an agent banking system in…

MTN, Western Union sign mobile money transfer deal

It will now be easy for Rwandans living abroad to send money to their relatives back home following the launch of a new mobile money transfer service by MTN Rwanda…

Uganda to Impose 10% Tax on Mobile Money Transactions

he Ugandan government has announced plans to introduce a tax on mobile money transactions in the 2013/14 financial budget.The Finance Minister, Ms Maria Kiwanuka announced the levy on all mobile…

Kenya's Safaricom Drops Exclusivity Rule for Mobile Money Agents

Kenya's dominant mobile network, Safaricom has dropped a rule that barred its mobile money agents from working with other mobile networks.The company had tried to enforce a rule that a…

Paypal: FNB deal nets 1 million accounts

Paypal had opened 1 million accounts in South Africa through a deal with FNB signed four years ago, Malvina Goldfeld, the head of African business development at the global payments…

The end of Zampost's mobile money service?

Stiff competition from MTN Zambia and Airtel in the provision of mobile money services in Zambia has been given as the reason for the possible closure of state-run Zampost's online…

Zimbabwe: Harare in Econet partnership for rate payment

Harare residents will soon be able to pay their bills via mobile phones after the city fathers agreed to partner with telecommunications company Econet Wireless.The Finance and Development Committee recently…

Nedbank launches Send-iMali service

South Africa's Nedbank has launched Send-iMali, a fast, safe and easy-to-use system for sending money through a mobile phone, the internet or the Nedbank App Suite to any valid South…

Nigeria launches national electronic ID cards

Nigeria's president has formally launched a national electronic identity card, which all Nigerians will have to have by 2019 if they want to vote. Goodluck Jonathan received the first biometric…

Money Transfer - In brief

Ugandan startup MMINDZS has been awarded a US$100,000 grant from the Bill and Melinda Gates Foundation to further develop the company’s MYAccounts mobile money enabled accounting system for African small…

Clickatell to capitalise on Rwanda’s mobile money growth

The world’s first bank-grade managed service for mobile money was launched over the last year in an agreement between Visa and the Government of Rwanda. This mobile money platform allows…

Nigeria conducts $600m transactions via mobile money in two years

Between 2012 and now, about $600 million transactions have been carried out through the mobile money platform in Nigeria. This figure, according to the Minister of Communications Technology, Dr. Omobola…

Liberia: CBL, Lonestarcell Launch GT Bank Mobile Money

The Lonestar Cell MTN and the Central Bank of Liberia (CBL) have launched Mobile Money Service at the Guaranty Trust (GT) Bank Liberia Limited in Monrovia.The new service, initiated at…

Mobile payments grow up

The announcement of Samsung Pay, in direct competition with Apple Pay, is a signal that payments with mobile devices are growing up. Samsung wants to make it clear that, not…

Kenya: mobile subscribers can fill up using Airtel Money

Capital FM reports on the partnership between Airtel Kenya and oil marketing firm Total Kenya facilitating the use of Airtel Money at all Total service stations.Going forward Airtel subscribers will…

Tigo, Azuri partner on rural energy, money services

Tanzania solar systems provider Azuri Technologies, mobile operator Tigo Tanzania and mobile retail operator Lotus Africa announced a partnership to bring integrated pay-as-you-go energy and mobile payment services to rural…

Vodafone set to cut M-Pesa fees for Safaricom

Vodafone Group Plc is set to lower the fees it charges Safaricom for M-Pesa money transfer service this year, a move set to lift the mobile telecoms operator’s earnings outlook.The…

Ghana: Ministry Pilots E-Payment Method

Ghana's Ministry of Gender, Children and Social Protection (MoGSCP) has rolled out a pilot electronic payment system for the beneficiaries of the Livelihood Empowerment against Poverty (LEAP) programme in nine…

Rwanda Joins the Better Than Cash Alliance to Accelerate Digital Payments & Achieve Financial Inclusion

Government of Rwanda has joined the Better Than Cash Alliance, an initiative that works with governments, the development community, and the private sector to adopt the use of electronic payments…

Super Fast Mobile Networks and Mobile Money Services Link

The roll-out of super-fast mobile networks will aggressively drive the uptake of mobile money services, as research by MEF, the global community for mobile content and commerce, shows a quarter…

Orange Expands Mobile Banking in Africa with BNP Paribas

Orange Money already enables customers to pay for good and services such as utilities and phone credit using their mobile phones, and by linking their Orange accounts to their BNP…

Azimo Launches Instant M-Pesa mobile moneytransfer service

Azimo, the online money transfer service, last week announced that customers across Europe can now send money instantly to the mobile “eWallets” of M-PESA’s 19 million subscribers in Kenya.Kenya boasts…

KCB Signs Up Modern Coast For Cashless Fares Deal

The Kenya Commercial Bank has partnered Modern Coast for its cashless payment card that will allow commuters to load sh600 as minimal amount and sh140,000 maximum for bus fare in…

Nigeria: Sterling Bank Launches Mobile Money Solution, Electronic Library

Sterling Bank Plc has unveiled new mobile banking solution known as "One Bank", to facilitate new account openings, increase mobile money acceptance, use and adoption and deepen brand awareness and…

3G direct pay limited moves to protect customers against card fraud

As data compromise becomes more sophisticated, 3G Direct Pay Limited, a leading online payments service provider has moved to cushion its customers against security breaches and theft of payment card…

PayPal expands payment services to Nigeria, 9 other markets

PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud.Rupert Keeley, the…

PayGate launches e-commerce payment collection service for SMMEs

An e-commerce hurdle for smaller businesses in South Africa has fallen with the launch of a new payment collection service from PayGate.“For a small company that’s turning over less than…

MoneyGram Reaches 25,000 Locations Across Africa

MONEYGRAM recently announced an agreement with Safaricom that enables consumers in over 90 countries outside Kenya to send funds directly to nearly 20 million customers of M-PESA.NAIROBI, Kenya, February 17,…

Telkom mulls mobile money offering

Telkom Mobile is considering the inclusion of a mobile money service as part of its consumer offering – a move analysts say is essential in a telecoms era that is…

Uganda now has 18.5 million mobile money users

Uganda’s Finance Minister Maria Kiwanuka says the country was home to 18.5 million mobile money users by the end of 2014, with transactions totalling more than UGX18 trillion (USD6.2 billion)…

South Africa: Standard Bank’s mobile customers hit 3 million

Standard Bank says its mobile banking customers have swelled to 3 million representing a 58% increase from the same period last year.Standard Bank says its mobile banking customers as at…

FNB takes mobile banking to Africa

FNB has expanded its digital banking services into Africa by launching and integrating its banking app and online banking services into its subsidiaries on the continent.Outside South Africa, FNB currently…

Kenya: Airtel Money Enlists More Banks in Bid to Grow Mobile Transactions

Airtel Money is reaching our to more financial institutions and businesses to grow its market share in mobile transactions.The operator last week partnered with Equatorial Commercial Bank to enable the…

Equatorial Bank Kenya Unveils Mobile Banking

Equatorial Commercial Bank, ECB, has launched its new mobile banking platform called ‘GoMobile’‘GoMobile’ is an innovative mobile banking solution that allows EBC customers access the full range of banking services…

Kenya: Safaricom Expands Mobile Money Service to Paying Home Rental Charges

Kenya's Safaricom has expanded its M-Pesa mobile money service so that it can be used to pay rent on houses and homes. Under the new scheme -- called Lipa Kodi…

Uganda: Airtel, Grameen Foundation Partner On Mobile Financial Services for Ugandan Women's Savings Groups

Bharti Airtel has announced that it is working with the Grameen Foundation to initiate a project to provide mobile financial services to Savings Groups in Uganda. The innovative project, dubbed…

Airtel Pushes its Airtel Money VISA Card Before Launch of Safaricom M-PESA MastercardCard

Airtel partnered with Chase Bank to launch its Money VISA card launched last year to allow easy access funds 24 hours a day, bringing new point-of-sale and ATM transaction options…

MTN Rwanda to use Ericsson’s m-commerce wallet service

Offering expected to see mobile operator offer additional financial services to the unbanked.MTN Rwanda plans to deploy communications technology and services provider Ericsson's converged wallet m-commerce solution for customers in…

Kenya’s Stima introduces M-Pawa

Kenya Power’s savings and credit cooperative Stima Sacco announced the introduction of the M-Pawa mobile application. The app has been introduced in an effort to provide members with access to…

Ingenico Group earns Award for ‘Financial Inclusion Platform of the Year’, ‘Best Mobile Money/Card Combination’ and ‘Best Data Monitoring Solution’

At the 5th edition of the annual Mobile Money Expo in Lagos, Nigeria, Ingenico Group, a leader in seamless payment, won the very coveted ‘Financial Inclusion Platform of the Year’…

SimbaPay launches free UK to Nigeria money transfers

SimbaPay, a leading digital money transfer provider – has announced the launch of its money transfer service to Nigeria. Using the SimbaPay app or website, Nigerians living in the UK…

Hellofood, Tigo Cash Ink Deal on M-Payments

ust weeks after becoming the number 1 app in Ghana, Hellofood announces its new cooperation with Tigo and Tigo Cash. With the cooperation with one of Ghana's largest telecommunications provider,…

Paying Wages Direct to Mobile Accounts Trialled in Kenya

A Vodafone report says mobile money payroll (mPayroll) could enable secure, cost-effective wage payments to be made to millions of unbanked workers by 2020, reducing corruption, lessening the risk of…

Safaricom plans ‘opening up’ M-Pesa to third-party developers

Opening up M-Pesa to third party application developers and enabling money transfers to countries outside of Kenya are future plans for Safaricom’s mobile money service.This is according to the mobile…

M-PESA in Mozambique

Vodacom Mozambique has introduced the mobile money transfer service M-PESA, as popularised by its Vodafone-owned sister company Safaricom in Kenya. Speaking at the launch ceremony in Maputo last week, Ernesto…

Moov subscribers get new m-money service: Flooz

Atlantique Telecom has reportedly introduced the ‘Flooz’-branded electronic money transfer service for its Gabonese unit, Moov. According to online journal GabonLibre.com, the service was unveiled by director general Abdoulaye Cisse…

Bank of Africa launches e-banking in Tanzania

Bank of Africa Tanzania has launched its B-Web Smart mobile e-banking service, enabling customers to make online money transactions at all times.Customers can access the service by using a smartphone…

Perago (SIA Group) Signs Contract with Swish Payments to Support Launch of New M-Commerce Solution in Africa and Europe

Perago, a wholly-owned subsidiary of SIA, has signed an agreement with Swish Payments Ltd., a mobile commerce provider owned by leading South African payment service provider Setcom Payment Solutions, to…

Money - In Brief

- Ghana has broken the Society for Worldwide Interbank Financial (SWIFT) record with a 20 per cent annual traffic for the period ended March 2013, along with a 56 per…

Nigeria: Verve cards to be accepted on PayPal

Plans are being concluded to add Verve cards to the accepted cards for integration on PayPal, according to Chuma Ezirim, head of e-business at FirstBank Nigeria.According to Ezirim, PayPal cannot…

Three African Financial Startups Launch on Mambu

Mambu, the cloud banking technology provider, has expanded its customer footprint in Africa, confirming three new customers in Angola, Kenya and Nigeria. All three are new financial organisations extending access…

Nigeria:FirstBank upgrades FirstMonie App for convenience, safety

First Bank of Nigeria Limited said it has upgraded its FirstMonie App for customers to experience fast, safe and convenient mobile money service from the bank.According to the bank, with…

UGANDA: Mobilemoney agents set to enter tax net

There are plans to get mobile money agents to register for Tax Identification Numbers, a move that would widen Uganda Revenue Authority’s tax base in the informal sector. Recently, MTN…

Sierra Leone: Africell Signs Agreement With America's Isend Mobile

Africell Sierra Leone and Gambia have signed an agreement with a leading U.S. electronic payment service expert,iSend to enable family members overseas to support other family members in Sierra Leone…

Lycamoney, MTN and Bics launch UK-Ghana remittance corridor

In separate announcements on Wednesday, two MVNOs focused on mobile services for foreign nationals took the wraps off new payment services that make it easier to send money and buy…

Econet expands mobile money platform

Econet Wireless says its undertaking an expansion of its mobile money service, EcoCash, in response to its dramatic and unexpected growth since its launch in September 2011. This will make…

Nigeria’s Stanbic Bank launches mobile money platform to support international transactions

Nigeria’s Stanbic IBTC Bank has introduced a new platform that allows users of its mobile money service to perform transactions on Amazon and other international sites without using credit cards.The…

Kenya: Mobile phone customer deposits hit Sh226 bn

Cash deposits handled by mobile phone companies in three months between October and December last year totalled Sh226 billion, an amount equivalent to total clients' money held by KCB at…

Econet develops new product for farmers - EcoFarmer

Econet Wireless has developed a weather-indexed drought insurance service for small holder farmers. The service allows farmers to make a financial claim if their crops fail because of either inadequate…

University Students to Get Bursary & Loans Via M-Pesa

Vodacom South Africa has partnered with Eduloan, an education finance and bursary administration firm to deposit directly Eduloan bursary and cash allowances into their m-pesa mobile wallet, a moe that…

Belgium’s SatADSL partners local companies for financial and school broadcasting services

The Belgian firm has partnered with Indigo Telecom in Kenya and Uganda’s Maisha Network to enable banks with microfinance institutions to install Automated Teller Machines (ATMs) as well as provide…

Kenya: authorities freeze money transfer services

The Kenyan government has listed 86 people and entities suspected of supporting terrorism in the country, including 13 money transfer services, in the wake of the recent Garissa University attack…

Equity Bank MVNO moves in on Kenya's mobile money market

Mobile virtual number operator Finserve Africa Limited (trading as Equitel) has made its mark in the Kenyan mobile money market, overtaking veterans such as Orange Money during October and December…

Mahindra Comviva Launches mobiquity Digital Wallet Solution

Mahindra Comviva, the global leader in providing mobility solutions, has announced the launch of its mobiquity Wallet, a cutting-edge digital wallet platform. This is amongst the first of its kind…

Kenya: Vivo Energy, Airtel Money Sign Pan African Partnership

Shell-branded fuels and lubricants distributor Vivo Energy and Airtel Money have partnered in 16 African markets in an African-wide agreement meant to strengthen both companies' footprint.Vivo Energy will be hoping…

Botswana police stations turn to e-payments.

Point of Sale (POS) machines are being rolled out to Botswana police stations.Christopher Mbulawa, Botswana Police Service (BPS) spokesperson, said the technology is expected to help ease payments for police…

Etisalat Group transforms mobile banking service in Nigeria launches innovative smartphone app

Leading mobile telecommunications provider, Etisalat Group, through its subsidiary in Nigeria, announced the launch of a new and comprehensive smartphone app that will enable customers to access their mobile money…

Airtel and Safaircom Seeking Settlement in Mobile Money Complaint

Two of Kenya's mobile networks have asked for more time to negotiate an out of court settlement in a dispute over market dominance on mobile money services.The Kenyan arm of…

Orange mobile money customer base hits 10 mln

Orange announced it has signed up 10 million subscribers for its Orange money service in Africa, which is now available in 13 countries, including Botswana, Kenya, Uganda, Mauritius, and Egypt…

Uber eyes use of mobile money service in Africa

After launching its service in seven African cities and hitting a few hitches, especially in Kenya, Uber is exploring the use of mobile money services.The service has been launched in…

Money Transfer - In brief

- Tanzania's Vodacom is to resell credit scoring information provided by First Access for use by micro lending vendors.

Orange invests EUR 1 million in Afrimarket

Money transfer operator Afrimarket, which uses a 'cash to goods' model, has closed a EUR 2 million funding round comprising EUR 1 million from Orange and EUR 1 million from…

Swish Payments Secures MasterCard Membership

mPOS provider Swish is proud to announce that it is now a full member of MasterCard. This has been achieved through sister company Swish Payments Ltd which is a fully…

Orange and Total have signed a partnership to distribute Orange Money at TOTAL service stations in Africa and the Middle-East

Orange and Total have signed a partnership giving Orange customersí access to Orange Money services at all TOTAL service stations in African and Middle-Eastern countries where the two groups are…

Zimbabwe: Government will introduce a digital system that enables easy identification of mining claims and proper licensing procedures to curb disputes over concessions, an official has said. The cadastral system would be introduced in June and enables mi

MasterCard and Ecobank have signed a multi-country licensing agreement which will provide access to MasterCard’s electronic payments services for Ecobank’s customers in a further 23 African countries. The agreement is…

Moving towards a cashless public transport system in Kenya

Kenya’s transport system is infamous for chaos, corruption and carnage on the roads. The majority of the population use the country’s thousands of minibus taxis, locally known as matatus. Although…

Rwanda: Bank of Kigali Unveils New Mobile Banking Platform

Bank of Kigali unveiled a new mobile banking solution, mVISA platform yesterday, which will enable customers' to access their accounts from wherever they may be, reports Ben Gasore.The bank is…

Rwanda:MTN dials up cross-border mobile money transfer deal

MTN Rwanda and I Stay Connected Ltd have entered into a partnership to facilitate international mobile money transfers.The deal between MTN and the US-registered company is expected to kick off…

Money Transfer - In brief

Mahindra Comviva has announced its partnership with Ethio Telecom, Ethiopia’s only telecommunication service provider for its PreTUPS™ electronic recharge solution. Mahindra Comviva will enable the transition of 29.4 million Ethio…

Eritrea: Inhabitants of Af-Himbol Area Express Satisfaction With Launching of Mobile Service

The inhabitants of Af-Himbol area have expressed satisfaction with the launching of mobile service, and said that such a facility has given impetus to the overall activities in the area…

Kenya's Safaricom Targets Companies in Mobile Money Push

Kenya's Safaricom has set its sights on the medium and small enterprises with the launch of Lipa Na M-PESA -- a campaign aimed at entrenching the use of its mobile…

WorldRemit Launches Online Money Transfer through Zaad Service in Somaliland

World Remit has launched direct worldwide money transfer through Zaad Service in Somaliland. World Remit Customers all over the world will now be able to send money safely from the…

Uganda: Banks Partner Telecoms to Cope With Mobile Pressure

The explosion of mobile phone usage, internet data, and other technologies has expanded rapidly into traditionally underserved markets and customer segments, changing the way people transact and communicate.Ugandan banks seem…

Etisalat Launches Mobile Wallet Service in Egypt

Etisalat has launched a mobile payments wallet service in Egypt, in cooperation with MasterCard and the National Bank of Egypt.The newly introduced program is an early implementation of the Mobile…

Tigo Rwanda starts banks transfers with Bank of Kigali

Tigo Rwanda has partnered with Bank of Kigali (BK) to enable customers to send money seamlessly between any Tigo Cash wallet and any Bank of Kigali bank account. To move…

Zambia: Helping to bank the unbanked

Samuel Tembo, at the helm of the Economic Empowerment Programme at Plan Zambia, insists that tangible things are underway to ensure that some unbanked rural Zambians are reached with services…

Mobile Telecommunications KSC : Zain launches ‘Hassa’, Sudan’s first Mobile Financial Service with Bank of Khartoum

Zain Group, a pioneer of mobile telecommunications in eight markets across the Middle East and Africa, announces that its mobile operation in Sudan has launched the country's first ever mobile…

Chase Bank launches SME Biz Hubs in Nairobi, Mombasa

Kenya’s Chase Bank has announced it has launched SME Biz Hubs in Nairobi and Mombasa, providing a physical setting for entrepreneurs to meet and obtain access to advisory services.Chase Bank,…

Money - In Brief

-  The Ghana Interbank Payment and Settlement System (GhIPSS) has given hints of moves to interconnect all mobile money payment platforms in the country. Currently the mobile money platforms in…

Zimbabwe: Mobile Money Software Released

Local technology firm, Cash Application Universal has released its first version of truly and wholly Zimbabwean Windows based mobile money management software called CAPU. CAPU is an industry standard mobile…

Matatus 1, Google 0: A sobering lesson on digital payments from Africa

Just a few months ago, Kenya's infamously chaotic transport sector, populated by swarms of matatu minibus taxis know for their thumping music and anarchic driving, was all set for a…

Airtel Money Introduces Self Help PIN Reset Service

Airtel has introduced a self-help PIN reset service to enable Airtel Money customers reset their Account access PINs instantly from their handsets without contacting the call Centre as long as…

Orange and Airtel join forces to enable international money transfers between Côte d’Ivoire and Burkina Faso

With “Orange Money International Transfer”, Orange Money customers can easily use their mobile phones to transfer electronic money in real-timeABIDJAN, Côte d’Ivoire, March 13, 2015/African Press Organization (APO)/ – As…

Standard Bank launches mobile payments app

Standard Bank, a pan-African banking organization, has launched a new mobile payments application called SnapScan. Mobile commerce is becoming quite popular in Africa, especially as more people in various countries…

MPESA goes regional

Safaricom’s M-PESA customers will be able to send and receive money from Tanzania, in a move that is aimed at deepening financial inclusion and give a further boost to the…

Fifth of mobile phones to have m-wallet features by 2018

One in five mobile handsets will have mobile wallet functionality by 2018, compared to less than one in ten at the end of 2013, according to Juniper Research. Growth is…

Kenya: competition heats up in mobile payment space

Safaricom released its half year financial report yesterday, showcasing that it is still the most profitable communications company in the East African region. The company also unveiled its plan to…

Kenya’s MyRCPT Wants to be Your Mpesa Receipting Buddy

A new application available on the Safaricom store dubbed MyRCPT aims to help users generate PDF receipts from their Lipa Na Mpesa and Mpesa Paybill text messages and as well…

Tyme taps Kana for m-banking customer support

South African mobile-only bank 'Take Your Money Everywhere' (Tyme) is using Kana technology to enable customer support for its mobile banking service for consumers across South Africa. Tyme has adopted…

Bitcoin donations reach Ebola charities in Sierra Leone much faster – Benke

BitcoinAgainstEbola.org has revealed that Bitcoin donations reach charities and people in Sierra Leone much faster and at a lower cost compared to traditional money transfer services and banks.In an exclusive…

Vodacom, Jubilee Insurance sign M-Pesa deal

Vodafone’s Tanzanian arm has partnered with Jubilee Insurance Company Tanzania to make medical services more accessible to those in the low-income bracket, according to a press release from the operator.…

Air Uganda Unveils New Payment Option for Customers with MTN Mobile Money

Air Uganda in conjunction with the leading Mobile Money service provider MTN has introduced a new, fast and convenient mobile money payment option on its billing platform.The new payment option…

GSMA Introduces Code of Conduct for Mobile Money Providers

Airtel, Avea, Axiata, Etisalat, Millicom, MTN, Ooredoo, Orange, Telenor, Vodafone and Zain have become the first to endorse the the GSMA Code of Conduct for Mobile Money Providers, a series…

Money transfers - In Brief

The Angolan Investment Bank (BAI) deployed the country’s first electronic money transfer and mobile phone-based payment service in early January, available nationwide via the Swiss-built Inntrans mobile payment system and…

MTN Introduces Life Insurance Service

Coming behind Airtel, the mobile telecommunications giant, MTN Nigeria, has introduced an airtime-based life insurance service for its subscribers, in collaboration with one of the leading insurance companies in the…

Somalia: Puntland mobile subscribers must hold valid ID card

Puntland, a region of north-east Somalia which declared itself an autonomous state in 1998, has announced new conditions for mobile telephony users and customers of money remittance services, local news…

Will a scientific trial show the value of cash donations?

One way for aid agencies to help those in hardship is to see that they get livestock or textbooks; in effect, to decide what people need and then buy it…

Orange Money reaches 10 million customers worldwide

The Orange Money service now has 10 million customers worldwide, less than six years after it launched and less than two years after passing the 5 million mark.It's currently available…

MTN partners with Jumia in Ivory Coast

African e-commerce website Jumia has partnered with mobile operator MTN, to enable customers in the Ivory Coast to use mobile money to pay for purchases on the online shop.According to…

Kenyan Bank to Hand Out NFC Enabled Smartphones

Kenya's Equity Bank is planning to distribute over 300 000 NFC enabled smartphones to its retail store customers in an effort to support mobile payments.The smartphones will be offered free…

FNB introduces money transfer to Mozambique

A year after launching its successful Zimbabwe Money Transfer service, FNB has added an additional affordable cross border service, this time to Mozambique. This service is available to qualifying FNB…

WorldRemit appoints new mobile money analyst

Online mobile money transfer service WorldRemit has appointed Alix Murphy, a former GSMA Market Intelligence analyst, as its senior mobile money analyst.While with GSMA, Murphy analysed trends in mobile money…

Brussels Airlines to fly with MTN Cameroon’s Mobile Money

The Belgian airline, Brussels Airlines, and the leader of the Cameroonian cellular phone industry, MTN Cameroon (59% market-share with 8.7 million subscribers on December 31, 2013), just signed a partnership…

Rwanda: Banks Urged to Tap Opportunities Presented By Mobile Money Service

Linking mobile money platforms with commercial banks could boost deposits and improve opportunities for the private sector to access credit, experts have said.Ebenezer Asante, the MTN Rwanda Chief Executive Officer,…

Ooredoo Qatar reveals free calls with Mobile Money transfers

Ooredoo Qatar has announced that its Mobile Money service will give 20 free international minutes, with all international transfers to selected African countries, until 25 July 2015.According to the company,…

Western Union Expands Mobile Money Transfer Network in Nigeria with Paga

The Western Union Company (NYSE: WU), a leader in global payment services, today announced the launch of a new mobile money transfer service to Nigeria, which increases the reach of…

WorldRemit Partners With Tanzania’s TigoPesa

Online peer to peer money transfer service WorldRemit, headquartered in London, UK. has partnered with TigoPesa to see people sending money to friends and family in Tanzania easily via their…

Zimbabwe: No legal framework for mobile banking

Zimbabwe does not have a legal framework that governs mobile banking services, opening up the sector to unacceptable practices, a Bankers Association of Zimbabwe official said on Friday.BAZ president George…

Uganda telecom upgrades mobile money platform

Uganda telecom, a partially state owned telecommunication service provider, has signaled it will embark on upgrading its mobile money banking platform, M-Sente, in the next two weeks to enable their…

Nigeria: Paga Records N47 Billion Transactions in Two Years

Paga Mobile Payment Services has said it recorded 4.4 million transactions valued at N47 billion in the last two years as more Nigerians embrace the cashless policy.Also, the firm rewarded,…

Mahindra Comviva launches digital wallet solution

Mobility solutions provider, Mahindra Comviva has announced the launch of mobiquity, its digital wallet platform.Mobiquity is a fully integrated digital wallet platform which supports Near Field Communication (NFC), Quick Response…

Unlocking 'M-Pesa billions': African telecoms operators push to open up mobile money

Cash transfer, such as the famed Kenya service, while a money-minting machine, has been modelled as a closed system, making competitors cry foul.The GSMA estimates that 2.5 billion people in…

Money Transfer - In Brief

- Rwanda's Tigo has expanded its mobile money service to include transfers with the Kenya Commercial Bank (KCB).

Kenya Airways Launches Mobile Money Ticketing Option

Leading African flyer, Kenya Airways and Uganda’s leading Mobile Money service provider, MTN Uganda have partnered to launch an additional payment option that allows customers to pay for the airline’s…

Jumia announces launch of mobile app for Android users

JUMIA has launched its App in Nigeria, Morocco, Ivory Coast and Kenya. JUMIA’s App is available for all Android phones – enforcing m-commerce in Africa. With their new app, JUMIA’s…

Blue Label to roll out POS to rural regions

South Africa-based Blue Label Telecom plans to distribute about 10,000 partly subsidised point-of-sale (POS) terminals across rural areas over the next year, following the successful launch of its Rechaja Mo…

MasterCard, Ecobank to boost e-payments adoption in Africa

MasterCard and Ecobank have signed a multi-country licensing agreement which will provide access to MasterCard’s electronic payments services for Ecobank’s customers in a further 23 African countries. The agreement is…

Rwanda:MTN dials up cross-border mobile money transfer deal

MTN Rwanda and I Stay Connected Ltd have entered into a partnership to facilitate international mobile money transfers.The deal between MTN and the US-registered company is expected to kick off…

Equity Bank, Airtel Kenya partner on m-commerce

Equity Bank and Airtel Kenya have entered into a partnership that will offer comprehensive mobile commerce solutions to their customers in Kenya, through Airtel Money.The service, available to all Equity…

SA mobile money flop prompts new models

 Local industry players are looking to other models formobile money transfer solutions, amid the failure of these to take off in SA - in stark contrast to otherAfrican countries where…

Nomanini - A little orange box is spreading economic opportunities across Africa

A little orange box that started in South Africa is now making it’s up across the continent.Nomanini is a social enterprise company that sells a “business in a box.” The…

Paynet, Pep Intermedius to merge mobile money networks

East Africa payments service provider Paynet has announced a merger of its PesaPoint agent network with that of Pep Intermedius. Pep Intermedius had over 150 agent outlets offering mobile money…

South Africa’s Wallettec Partners with BitPay to take Bitcoin Transactions to Brick-and-mortar Retailers

Wallettec, a South African Point of Sale and loyalty system firm has today announced a partnership with BitPay, a bitcoin payment processer to allow bitcoin transactions in the Wallettec system.Wallettec…

Zim's mobile money subs reach 5.3mn

There are now 5.3 million mobile money subscribers in Zimbabwe, with the total number of transaction values rising by 80% to $1.4 billion in 2014 compared to the previous year,…

Law governing Mobile Money in the offing

The government through the Uganda Law Reform Commission (ULRC) is developing a law that will govern how mobile money and internet banking transactions are conducted in the country.In Uganda, mobile…

PayGate adds Zapper to mobile payment options

Payment service provider PayGate has added mobile payment system Zapper to its stable of options, says general manager for business development Brendon Williamson, as the company gears up for a…

Safaricom to switch M-Pesa off for migration, upgrade

Safaricom plans to completely shut down its popular money transfer service for about half a day this weekend to allow for an upgrade as it begins “the journey to bring…

Standard Bank Bitcoin pilot won’t launch

“The pilot is now complete and Standard Bank has no plans to launch".The pilot Bitcoin trading platform that was being tested at Standard Bank will not be launched to customers,…

Equity Bank issues mobile banking smart SIM powered by Taisys Technologies to provide mobile banking and mobile communication services

Taisys Technologies Co., Ltd. has announced that Kenya’s leading bank Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys. Equity Bank customers can…

Moov Togo extends Flooz mobile money beyond borders

Moov Togo has extended its mobile money service ‘Flooz’ to offer cross-border transactions to Benin, Cote d’Ivoire and Niger. Launched in September 2013, Flooz allows Moov Togo users to carry…

Paga processes N26.8b transactions, develops solution for bank deposits

Paga has announced its latest service offering, providing Nigerians access to their cash anywhere and anytime.The firm also announced that it had so far processed over 2.4 million transactions worth…

Money Transfer - In Brief

United Bank for Africa (UBA) Cameroon has emerged the winner of the prepaid innovative product of the year award at the Prepaid Summit Middle East event in Casablanca Morocco, sponsored…

Afrocoin brings mobile money transfer services to Africa

Mobile money transfer services provider Afrocoin Mobile Money has launched its services in Africa. Afrocoin Mobile Money will provide online money remittance services to customers who do not have access…

Uganda: URA targets mobile money agents commission for tax

Uganda Revenue Authority has started registering mobile money agents so as to tax their business, The Observer has learnt.Cyprian Chillanyang, URA’s commissioner for Domestic Taxes, says the response from the…

Zimbabwe’s EcoCash user numbers hit 3 million

Three million Zimbabweans are using EcoCash, a mobile money system on offer from local telecom firm Econet Wireless.Econet Wireless says the number of users for its mobile money service has…

Airtel to Offer M-Banking Across Africa with Ecobank

Bharti Airtel has entered into a partnership with Africa's Ecobank Transnational to deliver Airtel Money across nine African countries where Airtel also has operations.The partnership between Airtel and Ecobank is…

Tanzania to Broaden Tax Base Through Electronic Receipts

Dar es Salaam — The Tanzanian government expects to collect 600 billion shillings ($370 million) a month after a new tax system expanding the use of electronic tax register (ETR)…

M-Pesa relaunches in South Africa: refined strategy, massive roll-out

Vodacom’s well-known mobile money transfer service M-Pesa is having a second go at South Africa’s mobile market. The telecom giant announced that, after two years of assessment, it’s relaunching the…

Namibia: MobiPay teams up with Nored

MobiPay has sealed an agreement with the northern electricity distributor, Nored, to supply electricity in bulk to third party vendors. The deal, which has been on the negotiation table for…

Airtel partners with BGFIBank for mobile money transfers in four countries

Bharti Airtel has partnered with Central African financial group BGFIBank Group to expand mobile money access to the bank’s customers, the telecoms group has announced. As such, the partnership will…

MasterCard Becomes The First International Payments Network In Somalia After Partnership with Local Bank

The global payments and technology company, MasterCard, has partnered with Somalia’s Premier Bank to issue MasterCard payment cards in Somalia, making MasterCard the first international payments network in the country.With…

Interview with Joel Awono-Ndjodo,Senior Manager MobileMoney - MTN Cameroon

MMA:Your assessment of mobile financial services in Cameroon and Central Africa region.Central Africa is in a growth stage with regard to the development of Mobile financial services. The different phases…

Wallettc adds SnapScan to its payment options | Considering African expansion

South Africa’s Wallettec, a SaaS platform that enables retailers to accept any type of mobile transaction or currency at their Point Of Sale has partnered with  Snapscan, in a move…

Mobile Money operations ruled as illegal in Uganda

Mobile Money has become an extremely popular service within Africa; However, the service has taken a heavy blow and been declared illegal within the borders of Uganda.According to a report…

Africa: Moneygram Expands Reach to 25,000 Locations in Africa

MoneyGram has announced that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent.Recent technology advances and new agent and sub-agent signings,…

Kenyans to Access Equity Bank’s Thin SIM Tech Soon

Kenyan citizens can soon expect to access Equity Bank’s ultra-thin SIM technology following a high court ruling on Friday, 29 May 2015. Equity is the largest bank in East Africa…

Money - In Brief

- Vodacom Tanzania says that the number of people signed up to its mobile money transfer service M-PESA has broken the five million barrier, while total monthly transactions now stands…

Bill Gates bets on mobile money as the future of financial services

Billionaire philanthropist Bill Gates is betting on mobile money to transform the lives of over 2 Billion people who are outside the formal financial system. Gates illustrates the growing impact…

Vodacom, Tigo claim ‘Africa's first mobile money interoperability deal'

Tanzanian cellcos Vodacom and Tigo have signed a mobile money interoperability agreement to enable their respective M-Pesa and Tigo Pesa subscribers to transfer money directly into each other's mobile wallets,…

Tanzania Surpasses Financial Inclusion Target

Tanzania has surpassed its financial inclusion target of 50 per cent, some two years ahead of deadline in 2016, thanks to mobile transaction platform.The Bank of Tanzania (BoT) is now…

PayGate launches developer support and rewards programme

Payment services provider PayGate has launched PayPartner, a support and rewards programme for the community of web developers using its services, general manager for business development Brendon Williamson has announced.“We…

Paga launches Android customer transaction app

Paga, one of Nigeria's leading mobile payment companies, has announced the launch of a new customer transaction channel - Paga for Android in a bid to make payment more accessible…

Equity Bank’s Equitel Targets 100 Million African Customers

Equity Bank Ltd., which has started a new mobile payment and banking service called Equitel, is seeking 100 million customers in Africa within 10 years and the first five million…

Millicom launches Tanzanian mobile money service with cash back returns

Millicom, the international telecommunications and media company, announced today that its Tigo operation in Tanzania has launched the world’s first mobile money service which offers users the opportunity to automatically…

WesternUnion.ng Finally Launched in Nigeria

Western Union Yes!Global payments firm Western Union has finally launched in Nigeria, allowing consumers in Nigeria to use www.WesternUnion.ng to direct funds Into bank accounts.The new web site in Nigeria…

Namibia: TMX Online Helps Namibia's Rockhard Accelerate Its Launch

Windhoek — Rockhard Bureau de Change says it has fast-tracked the deployment of business systems at its first outlet in Windhoek by opting for TMX-online from IMX Software, a supplier…

Kenya: Equity Rolls Out SIM Cards for Mobile Money Service

Equity Bank announced last week it will reduce cost of transferring money through mobile phones by up to half the prevailing average market rates when its service goes live in…

Ghana joins Better Than Cash Alliance for greater financial transparency

NEW YORK/ACCRA, 1 December 2014,-/African Media Agency (AMA)/- The Government of Ghana joined the Better Than Cash Alliance to enhance fiscal transparency and promote financial inclusion for all its citizens.…

Wirecard & Rocket Internet Partner To Offer Payment Solutions

The technology services provider Wirecard has signed an agreement with Rocket Internet to help its online companies accept and process international payments easily through Wirecard global multi-channel platform.Rocket Internet has…

M-Pawa to the (one million) M-people

Vodacom Tanzania’s mobile money service M-Pawa has passed the one million subscriber mark according to Mobile Money Africa. The service, launched in May 2014, allows users to open and operate…

Dynamic Market of Mobile Services Hit Cote d’Ivoire

A four-year program set up by IFC and The MasterCard Foundation is to contribute to the development and expansion of mobile financial services in the countryIFC and MasterCard launched the…

Malawi Government to Promote Use of Electronic Transactions

Malawi has announced a commitment to increasing the use of electronic based money services. Malawi's primary goals in shifting to e-money are to increase transparency, decrease costs, accelerate economic growth,…

Airtel Rwanda launches ATM cardless withdrawals

Airtel Rwanda and I&M bank in partnership with R-Switch have launched an ATM cardless withdrawal service in Rwanda. This enables Airtel Money customers to withdraw money from their I&M bank…

Uganda: New mobile payment solution from Imara to drive cashless transactions

You can now use your mobile phone to pay for your goods and services at specific points of sale, thanks to a new mobile payment solution that seeks to boost…

Kenyan Payments Startup, PesaPal, Expanding into Zimbabwe

Kenyan internet payments startup PesaPal is expanding into Zimbabwe. Agosta Liko, the founder of the company told TechZim recently that their focus for the Zimbabwe entry is eCommerce, Tourism, Hotels,…

Botswana: FNBB launches prepaid electricity service

The First National Bank Botswana (FNBB) has introduced additional payment channels that will allow customers to purchase electricity round the clock in collaboration with the Botswana Power Corporation's (BPC) super…

CableKiosk now accepting Bitcoin

Cape Town-based e-commerce startup CableKiosk has announced it can now accept Bitcoin as a method of payment, which the company believes will further improve its customer service.CableKiosk was one of…

MoneyGram to Connect to the HomeSend International Money Transfer Hub

Agreement enables MoneyGram consumers to transfer funds from 200 countriesMoneyGram,  a leading global money transfer and payment services company, has signed a global agreement with BICS to connect to HomeSend.…

Mahindra Comviva Announces Global Launch of its mobiquity payPLUS MPOS Solution

Mahindra Comviva last week announced the global launch of its payPLUS solution, powered by its award-winning mobiquity platform. An integrated payment solution, payPLUS works as a one-stop-shop for all requirements…

dotFNB debuts smart storefront

Using Microsoft's Kinect technology, dotFNB’s new smart storefront allows consumers to apply for accounts with the wave of the hand.Using Microsoft's Kinect technology, dotFNB’s new smart storefront allows consumers to…

Vodacom Tanzania, Umoja Switch partner for M-Pesa service

Vodacom Tanzania and Umoja Switch have entered into a partnership that will enable the telecom’s customers to withdraw cash from Umoja Switch ATMs using M-Pesa.Umoja Switch is a banking network…

Tunisian Activists Launch “Where is Paypal” Campaign

A movement has emerged calling on the Tunisian government to lift its heavy regulations on Paypal, the world’s leading online payment company, which have rendered its services largely impotent within…

Société Générale looks to Monitise for cloud-based mobile banking service

Société Générale has partnered with Monitise to launch a cloud-based mobile banking service that will be gradually rolled out across Africa, a deal described as a “significant step forward” for…

Nigeria’s First Bank, UN partner on mobile payments

Nigerian financial institution First Bank has partnered with the United Nations Children Education Fund (UNICEF) to help roll out health services to formerly unbanked populations in the country.The bank has…

Nigeria: Bank fined N245 Million for Violating Cashless Scheme

Central Bank of Nigeria (CBN) has revealed that a prominent deposit taking bank in the country was fined a huge sum of N245 million in 2013 for violating the cashless…

SWIFT Deepens Sub-Saharan Africa Reach With New Ghanaian And Kenyan Offices

VENTURES AFRICA – The Society for Worldwide Interbank Financial Telecommunication (SWIFT) will open two new offices in 2015 – in Accra, Ghana and Nairobi, Kenya – as a crucial part…

Airtel Ghana, VeriFone partner to speed up mobile money transactions

Indian-backed Airtel Ghana and American technology vendor VeriFone have teamed up to introduce new contactless near field communication (NFC) technology to users of Airtel’s mobile money service, in a move…

Money Transfers – In Brief

SimplePay has announced a partnership with eTranzact International PLC, a provider of mobile banking and payments services in Africa. This will allow its users to send money to any eTranzact…

Money - In Brief

- Libya based LAP Green Networks says that it has settled a dispute with Huawei over unpaid bills for network equipment supplied to its various subsidiary networks across Africa. LAP…

Kenya's mobile innovation brings digital money closer

Mobile banking from Equity Bank could give the popular M-Pesa payments platform a run for its moneyKenyan financial services heavyweight Equity Bank is planning to roll out mobile banking services…

Uganda: MTN raises mobile money charges

Telecom operator MTN has announced it will raise  mobile money withdrawal charges effective August 1. “Due to a 10% Excise tax raised by government on Mobile Money withdrawal fees, we…

Ericsson supports Tigo m-wallet rollout in Senegal

Global mobile telecom company Ericsson has unveiled that Tigo Senegal has launched Tigo Cash service based on the Ericsson Wallet Platform solution.The rollout brings mobile financial services to Tigo Senegal`s…

Tanzania: TRA, Vodacom Partner On Tax Collection via mobile money

The partnership between Vodacom Tanzania and Tanzania Revenue Authority (TRA) on the collection of vehicles road licence fee has proved success, with 2bn/- collected through M-Pesa in the first three…

Tanzania Ahead of Kenya in Use of Mobile Money

Tanzania is ahead of Kenya when it comes to mobile money use, despite the fact that Kenyans have been using mobile money solutions for 7 years.Tanzania was ranked ahead of…

Vodacom Creates Kilimo Club Package for Farmers

Thousands of small scale farmers in the country will be connected to a communication technology through a new project dubbed ‘kilimo club’ in which they will be able to send…

Kenya: Paynet Invests in Chip Technology

Paynet Group has invested in upgrading their systems for issuing EMV chip cards to help banks migrate to the more secure ATM system.Paynet Group General Manager Karimi Ithau says the…

E-commerce picks up in Kenya

With about 10 million people having access to the Internet in Kenya, entrepreneurs are quickly shifting their strategies to tap into this growing market.Experts term e-commerce in Kenya a ‘mammoth’…

Etisalat launches mobile wallet ‘Flous’ in Togo

Etisalat Group, the leading telecoms operator in Africa, the Middle East and Asia, has launched a mobile phone-based commerce service through subsidiary Etisalat Moov that will give much of Togo’s…

Nigeria : GTBank inaugurates agent banking

Guaranty Trust Bank Plc has announced the inauguration of its “GTExpress” service, a comprehensive agent banking service that allows customers to access financial services at convenient locations.The development, the bank…

Standard Bank/MTN Launch Mobile Banking In Swaziland

Standard Bank in collaboration with MTN Swaziland have launched a new product called Standard Bank Mobile Banking.The bank’s Chief Executive (CE) Phil Mnisi said the service channel permits customers to…

Econet sets sights on money transfers in SA

Zimbabwe’s biggest mobile network operator Econet Wireless is targeting 1-million registered mobile money transfer customers in SA within the next 18 months.Earlier this month the company was given the green…

Nigeria’s Interswitch has joined PCI Security Standard Council to improve global payments data security

Lagos-based integrated payments and transaction switching company, Interswitch has joined the PCI Security Standards Council on the improvement of global payments data security.The company announced earlier today in a news…

Uganda: New charges to impact mobile money market

Airtel has set the stage for increased competition in the mobile money arena following an announcement that the telecom will cut fees on its transactions across all networks.This comes on…

Absa and MTN scramble to tackle SIM-swap fraud

South African bank Absa and mobile operator MTN have formed a task-force to tackle ‘SIM-swap fraud’ after a spate of cases saw customer accounts emptied.The two-stage scam sees criminals first…

M-Birr: Ethiopia’s first mobile money transfer system

Ethiopia lags far behind its East African neighbours in the development of its telecommunications sector and the services, such as mobile money banking, that the system now routinely provides elsewhere.…

M-payment transaction value to grow 44% in 2013 - study

Worldwide mobile payment transaction values will reach USD 235.4 billion in 2013, a 44 percent increase from 2012 values of USD 163.1 billion, according to Gartner. The number of mobile…

MTN Uganda Partners with Multiplex to Introduce Street Parking Payment via Mobile Money

MTN UgMTN Uganda has partnered with Multiplex to introduce a payment option for parking fees via the MTN Mobile Money platform. Vehicle drivers in Kampala will no longer have to…

Liberia: Mobile Money Eases School Fees Payment

Standing in long queues has always been proven difficult, time-consuming and rather expensive for many parents and guardians wishing to pay their children's school fees. Some stand in long lines…

'Facebook money transfer to benefit African users'

Digital finance experts in Kenya say African users will increasingly benefit from the introduction of a money transfer service onto Facebook's instant messaging platform.Facebook said last week that users on…

Nigeria: MasterCard launches e-payment for MSMEs

Global payment technology company, MasterCard, has introduced electronic payment system technology to Micro, Small and Medium Enterprises in the country.The company described the e-payment system as Nigeria’s first MSME-focused acceptance…

MasterCard to power Nigerian Identity Card Programme

13 million MasterCard-branded National Identity Smart Cards with electronic payment capability are planned to be rolled out in Nigeria. The pilot programme driven by Nigeria's National Identity Management Commission (NIMC)…

Zimbabwe: Sex Workers Switch to Mobile Payment Systems

Sex workers in Harare are now demanding that clients pay for services through mobile platforms to avoid being duped with most now moving around with at least two mobile phones…

MFS Africa Launches Mjara Loans in Ghana

MFS Africa has announced the launch of mjara Loans, a mass-market mobile money-based loan product. mjara Loans builds on the company's existing KwikAdvance salary-advance loan product. The mjara Loans service…

Uganda: Bank of Africa's Mobile Wallet looks to rival Mobile Money

In Uganda, Bank of Africa has unveiled a mobile banking platform in a bid to tap into the increasing use of mobile money services as a transaction medium.Dubbed Mobile Wallet,…

GSMA: Operators Commit to Accelerate Interoperable Mobile Money Services across Africa and the Middle East

Region's Leading Operators to Expand Financial Inclusion through Collaboration in GSMA Mobile Money Interoperability ProgrammeThe GSMA has announced that nine mobile network operators, including Bharti Airtel, Etisalat Group, Millicom, MTN…

Money - In Brief

- Local Kenyan  electronic payment firm JamboPay has won the Google innovation award in financial services. The five-year old company provides a payment service that integrates mobile money and payment…

Safaricom launches mobile micro-insurance service

Kenyan operator Safaricom, Britam and Changamka Health have launched a micro-insurance health cover service which enables Kenyans to make contributions via M-Pesa, looking to increase the level of medical insurance…

Emerge Mobile bringing MPOS services to Africa

South African startup Emerge Mobile hopes to bring mobile point of sale (MPOS) services to Africa, affording business owners reasonably priced access to on-the-go payment services.Emerge Mobile’s payment solution allows…

EcoCash targets coffee makers

Coffee producers now have the opportunity to be paid directly through EcoCash. An agreement between Econet Wireless and African Fine Coffees Association will allow farmers to see their money sooner…

Visa, Airtel bring mobile payments to 7 African nations

Visa and Bharti Airtel, a telecommunications services provider with operations in 20 countries across Asia and Africa, this week announced a partnership to bring mobile payment services to seven markets…

Tales of Mobile Money Fraudsters in Uganda

Since entering the public domain, electronic money transfer using the mobile phone platform, has almost literally lit up the airwaves.Paperwork is at the minimum and speed is usually counted in…

MasterCard expands mobile remittance services in Africa

MasterCard today made two announcements at the Mobile World Congress in Barcelona, Spain, that expand mobile remittance services in Africa. MasterCard announced an agreement with eTranzact International PLC, a leading…

Mobile e-money taking off in Côte d'Ivoire

Located on the coast of West Africa, Côte d'Ivoire is a member of the West African Economic and Monetary Union (WAEMU). Spread over an area of 322,460 sq km with…

Western Union, MTN launch mobile money transfer service in Ivory Coast

The Western Union Company, a leader in global payment services, announced the launch of a new mobile money transfer service in the Ivory Coast in conjunction with the MTN Group.The…

Barclays Kenya to Offer Clients Bulk M-Pesa Payment Solution

Barclays Bank has partnered with mobile telephony service provider-Safaricom to offer a mobile banking service that enables corporate clients to disburse bulk payments such as salaries, dividend payments, per diem…

Zain Sudan teams up with Bank of Khartoum for mobile banking

Zain Sudan has launched the country's first ever mobile mobile financial service, called 'Hassa', in partnership with the Bank of Khartoum. The easy, instant and secure service allows Zain customers…

FNB makes steady tap-and-go progress

First National Bank (FNB) has converted 20% of its credit card customer base to contactless – or near-field communication (NFC) – technology.This is according to Chris Labuschagne, CEO of FNB…

Western Union Partners eTranzact on Mobile Payment in Nigeria

The Western Union Company and eTranzact International Plc have announced the launch of a new mobile money transfer service. A statement Monday explained that consumers in Nigeria that use the…

Moov Niger rolls out mobile money service

United Arab Emirates-based telecoms group Etisalat is expanding its mobile money service 'Flous' to the West African nation of Niger. Etisalat owns wireless network operator Moov Niger via its wholly…

Diamond Bank, partners with MTN to unveil Diamond Yello Account

DIAMOND Bank Plc and MTN Nigeria have launched a mobile money product, which they jointly developed, for the advancement of the cash-less initiative of the Central Bank of Nigeria (CBN).The…

SimbaPay launches world’s first international access to M-Pesa PayBill

SimbaPay– a leading digital money transfer provider – has announced the launch of the first product in the world that allows Kenyans living abroad to make M-Pesa PayBill payments. This…

Zain Group to offer eServGlobal mobile money solution

Kuwaiti telecoms group Zain has entered into a partnership with Paris-based software vendor eServGlobal to provide its customers across Africa and the Middle East with end-to-end mobile money transfer services.…

Bango and MMIT introduce M-Ifl - The Solution to Africa's Complex Mobile Payment Landscape

Bango and MMIT have released M-Ifl , a safe payment solution that enables online transactions for digital content. M-Ifl navigates the complex mobile payment environment in Sub-Saharan Africa and is…

Uber launches cash pilot test in Nairobi

On-line taxi service provider Uber on Thursday launched a cash test pilot in Kenyan capital Nairobi in a bid to offer consumers more payment options.The move makes Nairobi the first…

Orange Kenya Airtime Now Available On Safaricom's M-Pesa

Orange Kenya users can now buy airtime via rival Safaricom's M-Pesa. The functionality, offered by PesaPal, will be of help to users who might have challenges getting outlets stocking Orange…

Senegal: Sonatel attracts 1.25 m Orange Money customers

Senegalese operator Sonatel reported that it had attracted 1.25 million users of the Orange Money electronic fund transfer service since its launch in April 2010. The system widely used for…

Microensure Wins Kalahari Award 2015

At the recent 2015 Kalahari Awards, MicroEnsure collected the “Best Low Income Group Product” which recognises all mobile financial service products across Africa.This award is testament to the  phenomenal hard…

Rwanda Revenue Authority Introduces Mobile Application That Allows Declaration and Payment of Taxes By Mobile Phones

Kigali — Rwanda Revenue Authority (RRA) has moved a step further in bringing services close to the people by introducing a mobile telephone facility that allows people to declare and…

Kenya - Uhuru rejects changes to mobile T-bill investment law

President Uhuru Kenyatta has rejected changes to the law that would have allowed retail buyers to invest small amounts in State securities, including through mobile phones.He said the changes suggested…

Kipochi brings Bitcoin to Africa through M-Pesa

Kipochi just launched its Bitcoin transfer service in Kenya using M-Pesa as its running platform. This service would allow people across Kenya to send and receive funds abroad with extremely…

Somaliland Network Activates Mobile Money Remittances From Overseas

Somaliland based mobile network, Telesom has launched a financial remittance service powered by a platform supplied by eServGlobal.Telesom operates a mobile money program in Somaliland called Telesom ZAAD. Launched in…

Payvia Brings Carrier Billing Mobile Payments to Emerging Markets Through a Partnership with Mobile XL

Payvia, the leading direct carrier billing mobile payments and messaging provider, today announces a partnership to integrate its mobile payments technology with Mobile-XL, whose feature phone browsing platform provides access…

93% of Kenya's consumers using mobile devices for banking

Kenya remains the king of mobile banking, with 93 per cent of consumers using their mobile device to perform banking, but there is also significant usage in the Middle East…

IFC and Development Bank of Austria (OeEB) Supports Expansion of Mobile Banking in Rwanda

IFC, a member of the World Bank Group, has announced it will provide advisory services to Urwego Opportunity Bank to help it expand low-cost mobile financial services in Rwanda, especially…

BitPesa Launches Platform to Enable NGOs in Kenya to Receive Bitcoin Donations

Launched in beta this June, bitcoin remittance service BitPesa has launched a new service that aims to help NGOs operating in Nairobi, Kenya receive donations in bicoins with ease and…

Kenya's Equity Bank partners with PayPal

Equity Bank has teamed up with PayPal to allow cash withdrawals in Kenya, Nairobiwire reported. This is the first time a Kenyan bank will directly allow PayPal users to withdraw…

Millicom International Cellular: Millicom, Airtel and Zantel Announce Africa’s First Mobile Money Interoperability Agreement

The subsidiary of Millicom (sto:MIC) in Tanzania, Tigo, joined with Airtel and Zantel today to announce Africa’s first agreement to allow their customers in the country to send money to…

Airtel Uganda gets IFC backing for mobile money services

Ugandan cellular operator Airtel has agreed a three-year advisory services deal with the International Finance Corporation (IFC), part of the World Bank, to develop mobile money services and strengthen financial…

Money in Mogadishu: Somali capital gets first cash machine

The first-ever cash withdrawal machine in Mogadishu has been installed by the Salaam Somali Bank in an upmarket hotel. The first-ever cash withdrawal machine in Mogadishu has been installed by…

Bango provides direct billing for apps to Etisalat Group

Mobile payments firm Bango has signed an agreement to provide direct operator billing across Etisalat's markets in Asia, the Middle East and Africa, and the service has already become operable…

Tigo debuts m-wallet interest payments in Tanzania

Tigo Wekeza (‘Tigo Invests’), will allow over 3.5 million Tigo Pesa users to benefit from quarterly interest payments based on the balance held in their account.Tigo claimed a world first…

Orange links with African banks to expand mobile money services

Orange has agreed partnerships with African banks to expand its mobile money services across the region to try to match the popularity of Vodafone’s M-Pesa.The French telecoms group has struck…

E-Wallet Service, SimplePay, Introduces BitCoin Feature

SimplePay, Nigeria’s web and mobile-based wallet service, has introduced a feature that will allow its users to fund their wallets using their Bitcoin accounts.Speaking with HumanIPO, Rich Tanksley, Director of…

Benin: MFS launches mobile insurance for cyclists

MFS Africa has launched Zem Aussur – a mobile insurance product for drivers of motorcycle taxis, known as zémidjans.MFS Africa is a leader in providing mobile financial services across the…

Ghanaian internet users petition Paypal to come to Ghana

Have you ever gotten frustrated when you were unable to purchase a service or product online just because you did not have access to an online payment account such as…

WeShopUp Integrates M-PESA for online commodity purchases

With over 1.1 billion people, Africa’s entrepreneurial ecosystem is exploding and e-commerce is exponentially increasing proportions of or the interest of some giants settle a massively. But online payment such…

MTN Nigeria switches on online banking top-ups

Nigeria’s biggest mobile operator MTN has partnered with banks in the country to enable customers to top up airtime on their phones via their bank accounts.The service has been dubbed…

Airtel Money has 1M revenue-earning users in DRC

Richard is the editor of Mobile World Live’s health and money channels. He is an experienced tech... read moreBharti Airtel said its mobile money service has hit the one-million milestone…

Spacecom Obtains Loans from Canada's EDC, US Ex-Im Bank and Israel Aerospace Industries for AMOS-6 Communications Satellite

Spacecom (Tel Aviv Stock Exchange: SCC), operator of the AMOS satellite fleet, today announced that it has signed agreements with a consortium of banks and the AMOS-6 satellite manufacturer for…

Money Transfers - In Brief

Angolan Investment Bank (BAI) has launched e-Kwanza a mobile money service that allows users to make transfers and payments for goods and services across the country.

Ghana: Banks clients prefer branch banking

The banking hall remains customers’ most preferred channel for transacting banking business in Ghana, an April 2013 Africa Banking Industry Customer Satisfaction Survey by KPMG, the global accounting firm, has…

Nedbank Mobile App Upgraded To Support Blind Users

JSE-listed Nedbank has upgraded its digital banking apps to suit its visually impaired customers, propelling it to become the first local bank to offer functionality in its app for the…

Nigeria: Cellulant, Agric bank to unveil mobile money services

Cellulant Corporation and Nigeria’s Bank of Agriculture are set to unveil a joint mobile money services aimed at driving business transaction in the agricultural sector .According to a statement by…

Money Transfer - In Brief

- Safaricom CEO Bob Collymore says the government's continued taxation will erode the financial gains made through the platform. Meanwhile the company has embarked on a process to upgrade its…

MTN and Vodafone agree to interconnect Mobile Money Services

Customers of MTN Mobile Money and M-Pesa in East Africa will be able to transfer money to each other following an agreement between MTN Group and Vodafone Group to interconnect…

The mobile banking game-changer in Ethiopia

New regulations will bring m-banking to Ethiopian consumers, but limits on the companies involved and how transactions must be managed could slow growth.On 1 January 2013, the National Bank of…

Safaricom & Microsoft Launch Mobile Operator Billing for Windows Phone Apps

Local developers are in for a kill after Microsoft and Safaricom today introduced a service that will Windows Phone users buy apps using their airtime instead of using PayPal, mobile…

Mobile wallets more popular in Sub-Saharan Africa than anywhere else

In Sub-Saharan Africa, mobile wallets are a huge deal. While it's been that way for years, the World Bank's latest Global Financial Inclusion database gives us solid details on just…

Kenya: MasterCard Launches Training Centre to Enhance Payments Industry Skills Development

MasterCard has announced the launch of a brand new training facility in Kenya to empower the financial services ecosystem with knowledge on various aspects of cashless payments in order to…

Kenya: Mobile Banking Time on M-Pesa Now Instantaneous

Transaction time on the mobile banking platform M-Pesa will now be instantaneous from the previous 2 hours after a system upgrade on the application programmable interface (API).Safaricom says the new…

Airtel Complains About Higher Mobile Money Charges by Rival Network

Kenya's Airtel has confirmed that the country's Competition Authority is investigating a complaint about the pricing of mobile money services.Airtel had sent a complaint to the anti-trust regulator after reportedly…

Tanzania: BitPesa Launches Remittance Service in Tanzania

BitPesa, the Kenyan digital currency exchange startup, has launched its remittance service along with new features to improve User Experience (UX) in Tanzania.This move will see Tanzania become the first…

Rwanda: MTN Unveils Insurance Package

A local insurer has taken advantage of opportunities presented by the mobile money transfer service to take insurance services to the masses.Prime Life Assurance, a life insurance services provider, has…

Kenyan Regulator Investigates Use of Ultra-Thin SIM Cards

Kenya's telecoms regulator has said that it will seek outside expert advice on the use of embedded SIM cards following a complaint by Safaricom.The complaint was sparked by proposals from…

Airtel introduces mobile money transfer in Seychelles

Seychelles has joined several African countries that have embarked on the revolutionized way of paying bills using mobile phones.This follows the recent launching of the ‘Mobile Wallet’ known as ‘Airtel…

Money - In Brief

- Vendor-neutral data centre operator Teraco Data Environments has secured a R200m medium-term funding facility from Absa’s corporate and investment banking division. Teraco CEO Lex van Wyk says the funding…

Kenya and 8 other countries in Sub-Saharan Africa have more mobile money accounts than bank accounts

As of June 2013, 98 million (48%) of the 203 million registered mobile money accounts globally were in Sub-Saharan Africa (SSA) - East Africa holding the lion's share of SSA's…

Credit cards, internet access, and online bill pay: Moroccan e-commerce is booming

Without a doubt, e-commerce in Morocco is experiencing a peak of interest. Over the last seven years, we’ve seen, at my startup Synergie Media, an explosion in demand for online…

Tanzania: Majority Tanzanians Accessing Mobile Phone Money Services

Over half of Tanzania's adult population currently have access to financial services compared to just 27 per cent in the year 2009, thanks to mobile phone money services which central…

Kenya's Helb to issue e-cards

Kenya's Higher Education Loans Board (Helb) has partnered with a number of banks to develop prepaid electronic cards for disbursing funds to students and tracking of borrowers' future bank transactions.The…

South Africa becomes the first African country to get a Bitcoin vending machine

South Africa has installed its first Bitcoin vending machine, which gives users the ability to receive Bitcoin in exchange for rand.The Bitcoin vending machine is located in Kyalami, north of…

Interswitch, Western Union start web-based money transfers

Nigerian payment service provider Interswitch Transnational and Western Union have announced the launch of an account-based money transfer service (ABMT) in Nigeria. Customers can receive Western Union transfers directly into…

Nomanini mobile POS reaches a million transactions

Nomanini has announced that informal vendors and micro-entrepreneurs across Africa have made a million cash transactions using its tough terminal.The South African-based mobile Point of Sale platform was created to…

UK based Transferbee launches free transfers to Nigeria

Transferbee enables Nigerians living in UK to send money to their family and friends in Nigeria cheaper than through banks or other systems. The company is normally charging only 4.5…

Nigeria: Coremobile launches ‘Quick Airtime’ recharge platform

Coremobile has released its latest creation, www.quickairtime.com, a simple, secure and smart online application for airtime recharge, mobile top-up and prepaid re-up. Designed on the basis of simplicity, Quick Airtime…

Zain launches mobile financial service in Sudan

Kuwait-based Zain Group, which provides telecoms services in eight markets across the Middle East and Africa, has announced that its Sudanese wireless unit has launched the country’s first mobile financial…

Safaricom Slashes M-PESA Transaction Fees by 67% As Competition Looms

When M-PESA was introduced in 2007, there was no contender, no better service and it was all new to Kenyans. The service has garnered over 19.3 million customers, over 88,000…

Bitcoin Company, BitX Launches in Nigeria

International Bitcoin company, BitX has announced that it will be launching its Bitcoin Wallet, Exchange and Merchant services in Nigeria. In a release made available to TechCabal, the company said…

Ghana: Mobile money licence required by telcos

Mobile Money has become an extremely popular service within Africa; however, the service has taken a heavy blows recently. In Uganda, the service was deemed illegal. While not deemed illegal…

Uganda: Court Dismisses Case Against MTN Mobile Money

Court has dismissed a case challenging MTN Mobile Money services as inconsistent to the registered customers' interest and satisfaction citing complainants' failure to disclose any cause of action. High Court…

Kenya’s Kopo Kopo launches bulk payments service

Kenyan startup Kopo Kopo, which provides mobile money merchant software, has launched a bulk payments service enabling organisations to schedule large numbers of payments in minutes. Kopo Kopo, which launched…

African Bitcoin Startup Wins Bill & Melinda Gates Foundation Grant, Launches Blockchain Event Series in Nairobi

Bitcoin startup Bitsoko announced that it soon will begin sponsoring a Blockchain Event Series in Nairobi, Kenya. The events, held monthly at the iHub innovation hub, will focus on Blockchain…

Safaricom, Airtel To Solve M-Pesa Trademark Dispute In Court

M-PesaA few weeks ago, Safaricom and Airtel Kenya opted for an out of court settlement in a trademark dispute, over mobile money transfer service branding,  advertising and promotion. Safaricom had…

Paytoo partners Infenix on Africa remittance service

Paytoo entered into an agreement with Infenix to offer a remittance solution to more than 79 million subscribers in 29 African countries, at very competitive rate. The partnership which combines…

Safaricom, Standard Chartered In M-Pesa Merchant Settlement Partnership

Safaricom and Standard Chartered Bank have partnered to launch a real time M-Pesa merchant solution that allows the bank’s business customers and M-Pesa agents to deposit and access their float…

Kenya: Game Changer as Equity Unveils Mobile Service

Equity Group is this morning officially launching its telecommunications services under Equitel, the brand name for its fully-owned subsidiary Finserve Africa. The largest lender by customer base has been issuing…

US’s Mozido.com Acquires a Majority Stake in Zimbabwe’s NettCash to Expand into Africa

Mozido, a digital commerce and payment solutions firm with offices in the US, China, India, Africa, UAE, Germany, Mexico, Jamaica, and South Korea has expanded into Africa after acquiring a…

Bitcoin companies move ahead in Africa

Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding. Africa is a market ripe for…

Zimbabwe: Electronic payments to reach $50 bn by year-end

The central bank says electronic payments are expected to reach $50 billion by the end of the year as the country’s mobile money sector continues to grow in both volumes…

Tanzania: Tigo dishes $1.8m bonus to Tigo Pesa clients

Tigo has paid back another quarterly Tigo Pesa profit share amounting to Tsh3.314 billion ($1.8million) to its customers. It makes the company to be the first and only telecom company…

Barclays Africa Supply Chain Challenge Highlights Bitcoin Technology

The Barclays Africa Supply Chain Challenge is open to entrepreneurs and developers, between the ages of 18 and 35, who are based in Africa. Applications close on Sept. 18, and…

Zimbabwe Banks under Mobile Money Pressure

Zimbabwe – Confirmation by the Reserve Bank of Zimbabwe (RBZ) this week that mobile financial activities totalled US$6.1 billion as at December 31, 2014 reflects a growing threat that technology-based…

M-Pesa a bigger flop in South Africa than Vodacom’s letting on

In its annual report for the year to end March 2015, Vodacom tries to be frank about the re-relaunch in South Africa of m-pesa, the mobile money transfer service that…

Mahindra Comviva’s payPLUS mPOS solution is now Visa Ready approved

Lagos, Nigeria - August 05, 2015: Mahindra Comviva the global leader in providing mobility solutions, today announced that its payPLUS mPOS solution has been approved by Visa for inclusion in…

Western Union to start mobile remittances in Ghana

Western Union will soon open up its remittance services to mobile network platforms in Ghana. The world’s leading money transfer firm has initiated moves to partner some mobile network operators…

Money Transfer in brief

Kenya: Money transacted through mobile phones hit Sh1.3 trillion in the first half of 2015 compared to Sh1.1trn at the same period last year. In the six months of this…

MTN rings up Ericsson for money service platform

MTN SA is considering the use of Ericsson’s technology platform for its mobile money service to enhance its offering, a move that will allow it to provide more value-added data…

Worldremit introduces mobile money transfers to Burundi

Online money transfer service WorldRemit today launches instant Mobile Money transfers to Burundi, the first remittance service to do so. Customers in 50 countries can now send money direct to…

Airtel money Africa’s total transaction value at $3.33b in Q1-FY16

Telecom operator Bharti Airtel’s mobile commerce subsidiary Airtel Money’s total values of transactions in Africa has grown 72.2% to $3.33 billion for the quarter ended June 30, 2015 from $1.93…

18.5 Million Subscribers Patronize MTN Mobile Money per Month in Ghana

Telecommunications giant, MTN Ghana has announced that 18.5 million volumes of transactions are recorded through its MTN Mobile Money in a month, as against more than five million in 2014.Out…

Mukuru and Mkesh partnership Enables South Africa to Mozambique Remittances

Mukuru and Mcel have partnered to allow money to be sent from South Africa into any Mkesh mobile wallet in Mozambique. With the mobile phone being central to the process…

Millicom International Cellular: Tigo Pesa and Worldremit Enable Easy International Money Transfers for the Tanzanian Diaspora

Millicom has announced that Tigo Pesa, its Mobile Financial Services in Tanzania, has joined with WorldRemit, the London-based online peer to peer money transfer service. The partnership will enable the…

Continued success for Seamless’ transaction switch with substantial new order for Nigeria and Ghana

Seamless (OMX: SEAM) has received an order from a leading African mobileoperator group for the installation of its transaction switch. The contractmeans Seamless enters into the strategically very important Nigerian…

Bitcoin Academy launched in Cape Town, South Africa

Africa’s first Bitcoin Academy has been launched at the Bandwidth Barn in Cape Town, South Africa. The academy will be offering basic, intermediary and advanced training on the use of…

Mobile money booths out-number bank branches

The Chief Executive Officer of MTN Ghana, Mr Ebenezer Asante, says the new Bank of Ghana (BoG) guidelines that empower non-banking institutions such as mobile money operators to participate in…

Safaricom Increases Charges to Equitel Customers

Safaricom has moved to discourage transfer of money to third parties on its M-Pesa platform by subscribers of Equity Bank's Equitel mobile payment service through new tariffs. Safaricom says in…

Local mobile money tariff calculator app tweaked, now includes OneWallet, Nettcash

Death, taxes, vending, the unfair cost of data, high mobile money tariffs; that’s just part of a long list of things that many people accept as part of Zimbabwean life.…

Uber Cash Triples Firm’s Growth in Kenya

Uber has announced it will make the cash payment feature permanent for Nairobi residents after a successful two-month pilot brought a five-fold growth in sign-ups and referrals. Nairobi is only…

NIC Bank to launch banking via Whatsapp and Twitter

NIC Bank Group has announced that it will be the first bank in Kenya to launch an innovative social media banking platform, dubbed “NIC KONNECT”. The platform will allow customers…

Money Transfers - In brief

MallforAfrica (MFA) is teaming up with PayPal through internet and mobile, to make online shopping from key markets outside of Kenya as easy as possible. The two companies are offering…

Google Play carrier billing comes to South Africa

Mobile payments company Bango and operator Telkom South Africa have partnered to launch carrier billing in Google Play, claiming it to be a first for Africa. Telkom SA is using…

Safaricom hits banks with new M-Pesa fees

Safaricom has introduced charges for the transfer of funds from customers’ bank accounts to third-party M-Pesa wallets, sealing a loophole that lenders have been using to by-pass the mobile phone…

Chams Mobile partners Skye bank to debut Nigeria’s first virtual VISA Card

A virtual VISA card needs no account number nor any documentation to obtain it; it can be applied for and received online under 72 hours. It’s digital with an option…

Diamond Bank delivers new Windows Phone app

One of Nigeria’s more tech-forward companies, Diamond Bank, has released a new Windows Phone app. The app is full features and lets users conduct business from the comfort of their…

Zimbabwe : Mobile Money declines by 7.7%

HARARE: Mobile money transfers declined by 7,7 percent to $406 million in the first quarter this year compared to the last quarter of 2014, latest statistics from the Postal and…

Banks’ appetite for mobile money rattles Safaricom

A territorial dispute pitting banks against telecom companies is looming over control of the increasingly lucrative mobile banking industry. The groundwork was laid when Central Bank of Kenya permitted telecom…

Glo Xchange agents begin operations

Globacom has announced its readiness to roll out the first set of market-ready agents for its mobile money service, Glo Xchange. This new development follows the  launch last year of…

M-BIRR mobile money transfer system launches in Ethiopia

M-BIRR, a mobile money transfer system, has been launched in Ethiopia to operate local money transfer, according to The Reporter. M-BIRR was established in 2012 by five partnering microfinance institutions…

RRA Partners with Mobicash to ease tax payments

In yet another move to ease tax payments, the country’s tax body has partnered with Mobicash, a financial transaction platform. Through the partnership tax payers will be able to use…

ITU tackles financial inclusion for 2 billion people

ITU focus group on Digital Financial Services hosts telco and financialservices regulators from across the globe in Kuala Lumpur Almost a year after its launch, the ITU Focus Group on…

Africa gets new mobile money system

Mr Herve Chomel, MoneyGram, Vice President Regional Sales Africa, has launched a new electronic payment system which enables VODACOM customers in Tanzania to receive money directly through a “M-Pesa,” accounts.…

Orange Collecte puts mobile twist on crowdfunding

Orange Collecte, launched last week in the Ivory Coast, is putting a mobile spin on the crowdfunding concept. The service, developed in partnership with  French charity-giving site HelloAsso, is tied…

FNB app active on 1.5m devices

FNB expects more consumers to migrate from doing banking over the counter to banking digitally. First National Bank (FNB) says its banking app is active on 1.5 million smart devices…

KCB, GoSwiff to launch merchant-targeted mobile payment facility in Kenya

Kenya Commercial Bank (KCB), a financial services provider is set to launch a merchant-targeted mobile payment facility in Kenya through a partnership with GoSwiff, a global mobile commerce firm. The…

East Africa: Beyonic Partners With Accord to Expand Further Into Africa

Beyonic a technology company that aims to eliminate the rampant use of cash in emerging markets, is announcing a partnership with Mobile Accord that will make Beyonic the largest mobile…

Bidvest, MasterCard launches World Currency Card in South Africa

Bidvest Bank, a fully-fledged niche bank in South Africa and MasterCard have announced the launch of a multi-currency card – World Currency Card. The card allows South Africans that are…

Balancing Act releases latest Mobile Financial Services in Sub-Saharan Africa: Industry Report (Sept. 2015)

The explosion of mobile devices and internet connectivity has disrupted numerous industries due to changing consumer behavior and supplier value chains. Financial services, which have already experienced some disruptions through…

SA’s Bankymoon launches bitcoin crowdfunding platform for African schools

South African startup Bankymoon has launched a crowdfunding platform that allows public schools in Africa to use blockchain technology to gain electricity credits. Disrupt Africa reported in May on Bankymoon,…

SimbaPay wins DEMO Africa 2015. Next stop: Silicon Valley

SimbaPay, a leading digital money transfer provider, was on Friday, September 25th, 2015 announced as the winner of the DEMO Africa 2015 event which was held in Lagos. SimbaPay now automatically…

Kenya’s National Treasury to float Ksh5billion bond via mobile phone

The National Treasury of the Kenyan Government has announced plans to float Ksh5billion Government Infrastructure bond exclusively via mobile phone. The bond will be traded through the mobile phone-based M-Akiba…

Kenya: Safaricom Promises to Reduce Mobile Money Fraud With New M-Pesa

M-Pesa users will soon be able to see the names of the intended recipients of mobile money transfers as Safaricom confirms roll-out of the new redesign. The telecommunications giant seeks…

We're Not Swindling Ghanaians - MTN

Telecommunications giant, Mobile Telecommunication Network (MTN) - Ghana, has debunked claims that its Mobile Money platform has been turned into a milking cow, thus shortchanging Ghanaians. MTN Mobile Money's Senior…

Mobile money transfers hit Sh1.81tn in eight months

Mobile phone payments hit a record high in August, underlining Kenya's rising status as a global leader in mobile money. The value of mobile transactions grew by a fifth to…

Swish Payments Obtains Visa Membership Ahead of European Pilot

Malta, 06 October 2015: Swish Payments, an international mPOS service provider, today announced that it has been granted principal membership for merchant acquiring by Visa Europe. Swish’s Visa membership complements…

MTN Rwanda inks money transfer deal with Safaricom

MTN Rwanda said it has opened its corridor with Kenyan operator Safaricom to let MTN Mobile Money and M-Pesa users send and receive money between the two countries. This comes…

Rwanda: RSwitch Partners With Telecoms to Boost Electronic Money Transfer Services

The Rwanda national payment switch (RSwitch) yesterday facilitated the first electronic -money interoperability between Airtel and Tigo telecommunication companies. This followed a recent deal reached between the two telecom companies…

Safaricom rolls out new M-Pesa name confirmation function

M-Pesa users can now confirm the names of mobile money recipients before completing the transfer transaction. Safaricom's new functionality, dubbed "Hakikisha" gives customers a fifteen-second window to confirm the name…

Mukuru and MPC partner to enable easy money transfer to Malawi

Mukuru has announced it had entered into partnership with Malawi Posts Corporation (MPC) to allow for easy access of remittances to Malawi. The partnership will allow for Mukuru customers in…

MTN Ghana to Allow Subscribers Receive from Abroad via Mobile Money

Ghana’s leading mobile operator, MTN is to partner Western Union to allow MTN-Mobile Money subscribers to receive money from abroad on their mobile wallet next year. Mr. Stephen Asare, MTN-Mobile…

African chat app announces remittance feature

BeepTool, the Nigerian internet communications firm, has launched a new service that allows Nigerian breadwinners abroad to play an active role in managing the finances of their families back home.…

MoneyGram Announces Collaboration with Econet Wireless in Zimbabwe

Money transfer service provider MoneyGram has launched a new service in partnership with Zimbabwean market leader Econet Wireless. The service enables customers from more than 200 countries and territories worldwide…

Standard Chartered, Airtel Ghana partner to bring mobile wallets to Ghana

Standard Chartered Bank has partnered with Airtel Ghana through the Airtel Money platform to launch Straight2Bank Wallet in Ghana, expanding the coverage of its mobile wallet service in Africa. First…

Verve International Launches in East Africa

Verve International (‘Verve’), an African payment card brand, has announced its official entry into the Kenya market at a launch in Nairobi. The launch included the announcement of a strategic…

Ghana: Airtel Money partners Zeepay for farming communities

Airtel Money &Zeepay Ghana Ltdpartner with Ashanti Regional Agricultural District to develop a Mobile Money payment ecosystem for Small Holder farmers &farm communities for a sustainable livelihood Zeepay partners with…

Jumia: Cards unpopular in Kenya

Only 1% of over 80,000 shoppers sampled in the 3rd quarter of this year used card to pay for products they purchased online, 27 percent preferred to pay via mobile…

South Africa: Tech Start-Up Leads the Way for Mobile Payments in SA

A Cape Town tech start-up that successfully laid down the "tracks" for mobile payment apps like SnapScan to thrive has evolved into a dynamic business with aspirations to expand its…

Co-op Bank partners with SimbaPay for Diaspora Remittances

The Co-operative Bank of Kenya has today partnered with SimbaPay, a digital money transfer provider, to offer international money transfer services to the bank’s customers in the Diaspora. Co-operative Bank…

SA consumers can now return goods purchased online with PayPal

71% of internet users in South Africa would be more likely to start shopping online in the future or shop online more often if free return shipping was available. PayPal…

MFS Africa & Airtel Malawi Launch Mobile Remittance Service

MFS Africa and Airtel Malawi are proud to announce the launch of mobile money remittances from South Africa and beyond to Airtel Money customers in Malawi. MFS Africa is the…

Millennium Bim selects Ingenico Group to upgrade its POS fleet in Mozambique

Ingenico Group , the global leader in seamless payment, today announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of…

Ghana: Mobile Money Bridges Ghana Financial Sector Divide

The growth of mobile money services is transforming the lives of millions of Ghanaians previously excluded from the West African country's financial sector. The service, which is a fast, simple,…

MTN fined over EzeeMoney sabotage

The Commercial court has ordered telecom giant MTN Uganda to pay a sum of Shs 2.3bn (about $662,000) in damages to EzeeMoney Limited for sabotaging its business. Justice Henry Peter…

Africa: Mybucks and Opportunity International Partner to Drive Financial Inclusion for 460 Million Unbanked Citizens of Africa

Chicago and Luxembourg — First-of-its-kind partnership between international NGO and leading fintech company will transform lives and forever change the face of poverty in the developing world Opportunity, Inc., a…

Kenya: Mobile Money Providers Sue Safaricom for Service Stoppage

Safaricom has been sued by two mobile money service providers for suspending their services through alleged intimidation. Lipisha Consortium Limited and Bitpesa Limited Friday went to court over termination of…

Transfast partners First Bank, Ecobank, Heritage Bank for more reach

Transfast has geared up its world of online remittances in Africa by partnering with major Nigerian banks such as First Bank, Ecobank, and Heritage Bank. It also aims to ensure…

Sika Wants To disrupt Money Transfers in Ghana

Personal Finance App, SIKA, aims to innovate the banking world in Ghana with a low cost local and global money transfer service, directly from your mobile phone The idea for…

Airtel Africa Launches ‘Tap2Pay’ Service

Bharti Airtel Africa has revealed direct to consumer services for merchants and content providers across Africa via a new service, which has been dubbed by the company “Tap2Pay.” The new…

URA opens up to mobile money for tax payments

After previous attempts with Warid Telecom failed, Uganda Revenue Authority (URA) has now tapped MTN Uganda in order to allow tax payments using mobile money services. The second attempt at…

MFS Africa Announces Global Partnership with Vodafone for mobile money

Port-Louis, 25 November – MFS Africa is proud to announce the signature of a group framework agreement with Vodafone, expanding the partnership between the multinational mobile operator and the pan-African…

WeChat ties up with Standard Bank on digital wallet

WeChat has teamed up with Standard Bank to introduce a digital mobile wallet, ITWeb reported. The wallet will allow users to send cash to friends and family, store bank cards…

Money Transfer - In brief

Qatar Airways, the national airline of the State of Qatar, has announced a strategic partnership with Vodacom, one of the world’s leading mobile money service providers, to enable customers to…

Airtel renews M-Pesa agents row with Safaricom

In June Safaricom took Airtel to court over a trademark dispute over mobile money transfer service branding, advertising and promotion. Safaricom claimed Airtel was infringing on its M-pesa trademark by…

Vodacom empowers customers in SA to send money into Lesotho

Vodacom and Mukuru announced on Wednesday that they have teamed up to enable money to be sent from South Africa directly into any M-Pesa account in Lesotho within minutes. By…

Zeepay and Small World FS partner to bring mobile remittances to Ghana Mobile Money Wallet first of its kind in West Africa

Every year Africa receives over USD44billion in money transfers from the 32 million African emigrants around the world. Of this, Ghana alone receives over USD1billion annually. Today, Zeepay and Small…

Orange to sell electricity to rural Africa via mobilemoney

French telco, energy supplier detail partnership deal that could see Orange sell electricity and bill via Orange Money.Orange announced late last week that it has signed a new partnership deal…

Verve Launches 'Verve world' Mobile app

Verve International, the leading African payment card brand, has launched a revolutionary mobile app, ‘Verve World’, which enables cardholders to store all their payment options and to carry out everyday…

Vodafone M-Pesa rolls out in Ghana

Ghana on Monday became the 11th country in which Vodafone has launched its M-Pesa mobile money transfer service. The U.K.-based telco said that approximately 15 million Ghanaians – around 64%…

Rwanda: Electronic Payment for Rwanda Public Buses

Kigali — The tap and Go card, an electronic payment system will be used by Rwandans to pay for their transport fares. "The coming in of this payment card is…

Pfizer Foundation Injects U.S.$1.5 Million Into Kenya's First Mobile Health Wallet Platform

Pfizer Foundation, has injected US$1.5million into Kenya's new healthcare payment platform called M-Tiba, the company's Strategist in Kenya announced during the launch of the platform in Nairobi on Wednesday, November…

United Bank for Africa debuts U-Mobile banking application

Pan-African banking group, United Bank for Africa (UBA), has launched a new mobile banking application, U-Mobile. Designed to be ‘more advanced and user-friendly’ than the previous platform, U-Mobile is compatible…

Safaricom, MTN Uganda agree international money transfers

Kenyan operator Safaricom is extending its mobile money service M-Pesa to Uganda thanks to an agreement with MTN Uganda. As a result, M-Pesa users can now transfer money to Uganda,…

Kenya: NBK Partners With Airtel to Launch Mobile Banking Service

Airtel Kenya and National Bank of Kenya have partnered to launch mobile banking services through Airtel Money service. The service will enable National Bank customers transfer funds to other National…

Nigerian gift-card startup SureGifts introduces unique way to obtain loans

Nigerian gift-card startup SureGifts is introducing a new service that allows employees in Nigeria to obtain voucher loans to pay for certain online services. Even though many Nigerians on social…

Nigeria: Uber to accept cash payments

According to a report via today.ng, Uber will launch a cash payment experiment in Lagos, Nigeria on Monday January 18, 2016. The report reveals that, in order to pay via…

Zimbabwe mobile money agent assn halts operations

The Mobile Money Transfer Agents Association of Zimbabwe (MMTAAZ) has temporarily suspended operations, leaving agents who offer money transfer services without collective representation, ITWeb Africa reported. Francis Chinjekure, coordinator of…

BancABC extends service on mobile frontier

BancABC, a pan-African bank with operations in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe, has launched a mobile banking platform, as the bank seeks to leverage technology to roll out services.…

CBA Uganda unit seeks approval to replicate M-Shwari loans model

CBA Uganda has written to the Bank of Uganda (BoU) seeking the green light to launch a savings and loans mobile service by April in collaboration with MTN. The Commercial…

Zimbabwe: Mobile Money Deposits Slump

Total deposits on the country’s mobile money platforms slumped 10,5 percent in the third quarter of 2015, to record  $458 million from $512 million recorded prior quarter. According to a…

MTN & WorldRemit ink Mobile Money partnership in Africa

WorldRemit has revealed that its customers can now send money instantly to MTN Mobile Money wallets in Rwanda, Uganda and Zambia. WorldRemit has revealed that its customers can now send…

Safaricom unveils M-Pesa statements service

The service is one of the enhancements made possible to the system following the relocation of the M-PESA servers from Germany to Kenya, which took place last year in April.…

HELLO Group Scoops Award for BEST Mobile Remittance Service

Hello Group has again been recognised for innovation in the fintech environment, with the Kalahari Award for Best Mobile-centric Remittance Service in the lead up to the 6th Remittance &…

Terra launches Pulse to improve quality of remittance reporting

Lagos, Nigeria – February 03, 2016: Terra, a mobile-first international payment network, incubated by Mahindra Comviva, today, announced the launch of Terra Pulse to help financial authorities and regulators accurately…

Africa: View On Migration - Protect Refugees With Mobile Banking

I wondered whether innovative mobile financial services could protect migrants and their assets - not just at the Danish border but throughout migration routes. To find out more, I rang…

Nigeria: MTN Picks Gemalto for Roll-Out of Mobile Connect Service

MTN Nigeria has picked digital security company Gemalto to provide it with its mobile ID platform, the MTN Token. This new project marks the first commercial roll-out of SIM-based services…

As Its Market Grows, Nigerian E-Commerce Startup Africa Internet Group Raises $83 Million

Some of Africa’s best funded ecommerce startups just secured more capital. Africa Internet Group (AIG)—which owns online retailer Jumia and 9 other e-ventures—will receive €75 million ($83 million) from Europe’s…

PayPal expects SA mobile spend to reach R12bn this year As smartphones, cross-border commerce drive online sales

Digital payments business, PayPal this week said it expects South Africans to spend more than R37 billion online in 2016 as a high penetration of smartphones and cross-border shopping drive…

Gambia: Africell launches ‘free’ mobile money service

One of the leading GSM operators in The Gambia, Africell, yesterday launched a service called ‘Africell money service’ which allows subscribers to send and receive money through their mobile phone.…

The TagPay Digital Banking Platform receives a Kalahari Award for Best Technology Enabler of Mobile Financial Services in Africa

LAGOS, Nigeria, February 15, 2016/ -- Tagattitude (en.TagPay.fr), the innovative French FinTech, has won a Kalahari Award for its digital banking platform, TagPay at the 6th Remittance and Mobile Money…

Tigo Pesa, now the largest Mobile Financial Service eco-system in Tanzania

Tigo Tanzania (www.Tigo.co.tz) announced today that customers of its Tigo Pesa mobile money service will now be able to move funds between any of the country’s mobile money operators, as…

FNB pulls plug on Windows phones

First National Bank will no longer actively develop its application for Windows-powered smartphones, it said on Thursday. It has also pulled the plug on development of its app for older…

Huge increase in African mobile money transfers

Cape Town - Kenya’s Mpesa mobile phone-based money- transfer service is becoming more sophisticated and will soon be growing quickly across the continent, according to Western Union vice president for…

HomeSend and Vodafone to Extend M-Pesa Remittance Agreement to Five New Markets in 2016

Today at Mobile World Congress, HomeSend, the international payment and money transfer hub, announced the expansion of its global framework agreement with Vodafone Group for M-Pesa, including the launch of…

GSMA vows to cut mobile money gender gap

The GSMA today announced the launch of the Connected Women Commitment Initiative, aimed at reducing the mobile gender gap. Initial commitments by GSMA operator members, with over 75 million mobile…

Money Transfer - In brief

eServGlobal Powers Mobile Money Solution for Djibouti TelecomThe mobile money solution will be offered to all Djibouti Telecom subscribers to provide state-of-the-art cash management and e-payment services on mobile phones,…

Visa expands operations to Côte d’Ivoire

Visa has announced its intention to open an office in Côte d’Ivoire, bringing the benefits of electronic payments to the economy and a broader range of consumers and merchants across…

Kenya takes lead in booming African mobile money market

Technological and cultural trends have put Kenya at the forefront of the mobile money boom in Africa. A recent report by the Central Bank of Kenya shows that mobile money…

SimbaPay expands Africa Remittance Service to more EU Countries

Africans living in these EU countries will now be able to send money back home instantly and free of charge SimbaPay, a leading digital money transfer provider, has expanded its…

Nomanini vendors in Mozambique can now top up using MPesa

Enterprise payment platform provider Nomanini has integrated with M-Pesa in Mozambique to allow its merchants to use mobile money agents as a means of topping up their virtual vending accounts…

DERMALOG Biometrics Contributes to Fraud Prevention in Nigeria

DERMALOG, the biometrics innovation leader, is providing its identification technology to make a successful contribution towards combating fraud in Nigeria. Recently, the West African country's government identified that more than…

MTN Makes Govt Services Payable Through Mobile Money

MTN Rwanda and RwandaOnline Platform Limited (ROPL) have launched a service which enables MTN customers to pay government services using Mobile Money. The services are through the Irembo e-Government platform,…

Ghana: MTN Mobile Money Customers Soon To Earn Interest

Mobile Money customers of telecommunications giant MTN could soon earn interest on monies left in their wallets should discussions with partner banks prove successful, Ebenezer Asante, Chief Executive Officer MTN…

Money transfers enabled from US to Nigeria

A leading digital money transfer provider has announced its expansion of services to Africa, making it easier for people in the United States to securely send money to Nigeria. Xoom…

Orange and Ecobank extend bank-to-wallet money transfer service to three African countries

Orange and Ecobank, a leading independent pan-African banking group, have announced the extension of its bank-to-wallet money transfer service to Côte d’Ivoire, Guinea Conakry and Niger. The service facilitates money…

Gambia’s QCell launches Qodoo mobile money

QCell, Gambia’s second largest mobile operator by subscribers, has officially launched its mobile money services, under the ‘Qodoo’ brand name. In a launch event at its head office on Tuesday,…

eCommerce: Visa enters Somalia

Visa Inc has partnered with Somalia’s Premier Bank as part of a wider strategic agreement to strengthen formal banking services in Somalia. As a first step, the agreement signed between…

Branch.co raise $9.2 mln to boost digital financial services to mobile phone users in Africa

Branch International — the San Francisco-based firm also known as Branch.co — has snagged $9.2 million in Series A funding that will allow it to expand digital financial services in…

MTN Zambia, Stanchart Bank launch Straight2Bank wallet

Standard Chartered Bank Zambia has partnered with MTN Mobile Money to launch the mobile money service Straight2Bank Wallet. Zambia is the sixth market in Africa to benefit from Standard Chartered's…

More Rwandans paying their taxes using MobiCash

Ever since the start of its partnership with Rwanda Revenue Authority (RRA) to collect both fiscal and non-fiscal revenues of its behalf in May last year, MobiCash has provided significant…

Cellulant to develop e-register linking Liberia farmers to markets

Cellulant, a Kenya-headquartered software firm, has secured a contract with the Liberian government to develop an e-registration platform that will link farmers and agro-dealers to a supply chain of inputs,…

Safaricom & CBA invest over KSh. 50 million to promote M-Shwari after the fall of Chase Bank

Safaricom and CBA have launched a 45-day KSh. 50 million plus consumer promotion running for the next 6 weeks to boost Kenyans savings culture and sign up more customers days…

Mobile payments for goods in Kenya hit Sh102.46 billion

More than a third of the money sent through mobile phones between October and December last year went into paying for goods and services, fresh official data shows. Statistics by…

Zimbabwe: Cash shortages drive spike in mobile money transfers

There has been speculation that lack of paper notes will drive even more rapid adoption of mobile money technology. That’s certainly borne-out by the data we see here at WorldRemit.…

Airtel Kenya in new agency drive to catch up with M-pesa, Equitel

Airtel is looking for external partners to help it sign up more mobile money agents in a renewed effort by the second largest telco to catch up with its competitors.…

Why Interswitch’s partnering SlimTrader on transaction monitoring

Africa-focused digital payment and e-commerce company, Interswitch recently announced a strategic partnership with Africa’s turn-key e-commerce solution provider, SlimTrader to deploy a new payment monitoring portal on the MoBiashara for…

E-commerce gains traction in rural Kenya

Kenya’s rural population is increasingly taking to the internet and aggressively placing orders online catching up with their urban counterparts, an internal survey by Jumia Kenya has revealed. According to…

Zimbabwe: Econet, Introduces Airtime Credit On Ecocash

Econet Wireless is introducing an airtime credit service via the EcoCash platform which will allow more than 5-million customers to borrow airtime. The innovation, means that an Econet customer can…

MTN Ghana soon to pay interest on Mobile Money Wallet

MTN Ghana soon to pay interest on Mobile Money Wallet savings. Read the full story here: 

KLM goes M-Pesa in Tanzania

Vodacom Tanzania has today announced its new partnership with KLM Royal Dutch Airlines through its M-Pesa payment service, adding to the list of airlines that the leading cellular network company…

Fortumo launches payments in Cote d’Ivoire, Ethiopia & Senegal

Mobile payments firm Fortumo has launched direct carrier billing in 3 new African markets. More than 52 million people in Cote d’Ivoire, Ethiopia and Senegal can now make seamless digital…

Vodacom to ditch South African M-Pesa service

A sustainability review of Vodacom’s M-Pesa offering has resulted in the operator choosing to discontinue the service in South Africa. The operator’s CEO Shameel Joosub said: “Vodacom’s decision is based…

Free WhatsApp for FNB Connect customers

First National Bank (FNB) has launched free WhatsApp messaging for all Connect subscribers. The bank warned however, that the free WhatsApp promotion runs until the 31st of July 2016. FNB…

Ghanaian diaspora embrace MTN Mobile Money when sending home with WorldRemit

MTN Mobile Money has become the fastest growing method of receiving WorldRemit  international money transfers in Ghana. The number of transfers received on mobile accounts is growing by 13% per…

MobiCash launches in South Africa as M-Pesa takes flight

Mobile payment firm MobiCash (not related to Kenya’s MobiKash) has partnered with cellphone payments company Boloro to launch in South Africa allowing townships and spaza shops to accept mobile payments…

Sierra Leone: Digital payments to Ebola response workers saved lives

Mobile Data UsageMobile phones serving as digital “wallets” for payments to response workers proved an invaluable tool in Sierra Leone’s response to the Ebola crisis, according to a new study…

Africa: Rural E-Commerce Model Pitched for Africa

Geneva — The operator of an e-commerce program which reaches deep into rural China believes that its business model could help Africans in areas far from cities. Sun Lijun is…

SMEs: VoguePay Emerges Best e-Payment Platform In Africa

A leading e-payment platform that serves hundreds of thousands of small businesses in four continents, VoguePay.com, has won the best emerging online payment platform in Africa at the African Information…

UBA and Konga Boost E-Commerce with Mobile POS

Pan African banking group, United Bank for Africa (UBA) Plc has partnered Konga, Nigeria’s leading e-commerce company and Innovectives Nigeria Limited to create a seamless delivery and payment system by…

Standard Chartered Updates Africa Online Systems

Johannesburg — STANDARD Chartered Bank is bringing its newest mobile and online banking platform in eight African markets. The move will empower 1 million clients across the markets. Supported by…

Uganda: DTB Taps MTN and Airtel Customers

Diamond Trust bank (DTB) recently launched PayEasy, a mobile phone payment collection system that enables customers to pay for goods directly from their mobile money account to the merchant's bank…

Tanzania: Pre-Paid Visa Card Launched to Boost Cash-Less Transactions

Regenc Innovation Solution and UBA Tanzania yesterday signed a Memorandum of Understanding (MoU) to offer pre-paid visa cards throughout Africa starting with Tanzania. This was announced in Dar es Salaam…

Central Bank of Kenya studies mobile lending rules

The Central Bank of Kenya (CBK) is conducting a study on the impact of its policies and regulations on lending through mobile phones and the internet, Business Daily reported. Accurate…

Eaton Towers sells South African business to ATC

Eaton Towers Group announced it has signed an agreement to sell its South African towers to American Tower Corporation (ATC) South Africa for an undisclosed sum. This transaction is subject…

Ghana: Govt suspends payment of salaries via e-zwich after protests

Government has suspended the implementation of a payment schedule for public sector workers via the e-zwich payment platform. The Ministry of Finance had served notice to use the platform as…

Nigeria: Bank Customers Transferred N10 Trillion in 4 Years - CBN

The Central Bank of Nigeria, CBN has said that bank customers made instant money transfers of N10 trillion in four years. Assistant Director, Banking and Payment System Department CBN, Agboola…

Mahindra Comviva and Airtel Tanzania awarded GTB Innovation Award for “Tap Tap” NFC Merchant Payments

Dar es Salaam, Tanzania – June 06, 2016: Mahindra Comviva, a leader in providing mobility solutions, and Airtel Tanzania announced that they have jointly won the Global Telecom Business (GTB)…

Tanzania: Govt Imposes New Excise Duty On M-Pesa

Dar es Salaam — Mobile operators will now pay excise duty on all M-Pesa commissions, the government has announced. Unveiling his 2016/2017 national budget, Finance and Planning minister, Dr Philip…

Nigeria: Loans to lure needy youth

Boko Haram has lured young entrepreneurs and business owners in north-east Nigeria to join the Islamist militant group by providing or promising capital and loans to boost their businesses, aid…

Mobile money transactions in Ghana reach GH¢547m in December 2015

By December 2015, mobile money transactions in Ghana have increased to GH¢547.9 million from GH¢223.3 million in 2014, the First Deputy Governor of the Bank of Ghana, Millison Narh has…

Zimbabwe: Brainworks Takes Over Nettcash

Investment holding company Brainworks Capital has acquired the entire shareholding of mobile wallet company Nettcash and will soon re-brand to fit it into the group's identity. Nettcash was previously owned…

Ecobank targets the unbanked across Africa

Pan African banking group, Ecobank has unveiled a plan that aims to boost financial inclusion for those currently unbanked across Africa. The plan mainly targets people in rural areas and…

Aleda Brings its Specialist Expertise to the Orange Money Service in France, Making Money Transfers to Africa and within Mainland France Easier than Ever

LIMOGES, France, June 21, 2016/ -- Aleda (www.ALEDA.fr), a French company specialising in paperless payment solutions and money transfers, has established itself as a key player in the sector with…

SAFARICOM denies Tax Man Access to Customers’ Mobile Money Transaction Records

Telecoms operator Safaricom has rejected the taxman’s quest to gain unfettered access to its customers’ mobile money records, throwing a big hurdle at the Treasury-backed plan meant to smoke out…

M-PESA money safe after switchoff - Vodacom

JUST after the Tanzania Communications Regulatory Authority (TCRA) switched off all fake phones, Vodacom has said airtime and money at M-PESA account of their customers whose handsets will be affected,…

eBay Gives U.S. Sellers Access To African Buyers With MallForAfrica.com Deal

US based online market platform, eBay Inc., has partnered with online shopping startup MallsforAfrica.com to give its sellers access to Africa’s biggest consumer market from July 2016, Tech Crunch reported.…

Smart Telecom launches new mobile money service – Smart Pesa

SMART Telecom has announced the launch of its mobile money service, SMART Pesa, aimed at delivering affordable mobile financial services to all Ugandans. SMART Pesa customers will be able to…

How A Somali Entrepreneur Beat The U.N. And Built A $500M Remittance Firm

Eight years ago, Ahmed blew the whistle on corruption at the U.N. Development Program in Nairobi, and his boss told him he’d never work again in remittances or development. This…

Standard Bank Leads in Africa with Digital Innovations

Standard Bank is on a committed journey of rapid digitization across the continent, offering its customers more convenient ways to interact with their personal banking services. The latest innovation in…

MFS Africa and Wari Announce Partnership for Digital Money Transfer in Africa

Dakar & Port-Louis, July 12th 2016 – Pan-African Fintech Company MFS Africa and Wari announced that Wari is the latest partner to join MFS Africa's remittance and payments hub. Wari’s services…

Kenyan Diaspora Sends One Million Money Transfers With WorldRemit

Kenyans living abroad have now sent one million money transfers with WorldRemit.  With the WorldRemit app or website, the diaspora can send safe, instant transfers to Kenya at the touch…

Ecobank and BOI Join Forces to Drive Financial Inclusion in Nigeria

Ecobank  Transnational  Incorporated  parent  company  of  the  Ecobank  Group,  its Nigerian  subsidiary  Ecobank  Nigeria and  Bank  of  Industry  Limited yesterday  signed a memorandum of understanding to cooperate  in deepening financial …

Bill Gates to expand interests in Ethiopia

The Co-chair of the Bill and Melinda Gates Foundation, Bill Gates, has expressed an interest in investingh in the electronic payment and store value system in Ethiopia after seeing the…

FNB just launched a bank branch made out of a shipping container

FNB has unveiled a new mobile banking unit made from a shipping container, and designed to extend banking services to unbanked rural communities in South Africa.The container is equipped it…

ChatPay Launched in Nigeria

Social media in Nigeria, last week, got a boost with the launch of ChatPay, which targets 100 billion social media users in the next few years. ChatPay, which comes with…

Africa’s New Top-Up Leader: Ozaremit Accelerates its Development

LONDON, United Kingdom, August 4, 2016/ -- Ozaremit (www.Ozaremit.com), a new top-up leader, accelerates its development only 3 months after its launch.Ozaremit currently covers 110 countries, including 35 countries in…

Why Nigeria suspended some intl money transfer operators

The Central bank of Nigeria has advised Nigerians at home and in the Diaspora to beware of the unwholesome activities of some unlicensed International Money Transfer Operators in the country.It…

WorldRemit Calls for Urgent Restoration of Money Transfers to Nigeria

Hundreds of global remittance companies forced to cease transfers while Western Union, MoneyGram and Ria continue.WorldRemit, a leading online remittance provider, is calling for the urgent restoration of money transfers…

Azimo lets users send money via Facebook

Consumers around the world are now able to send money to each other via Facebook thanks to a new transfer service being introduced.Azimo, creator of the world’s largest digital money…

MTN Ghana Poised To Promote Cashless Economy

According to the General Manager, Mobile Financial Services at MTN Mr. Eli Hini, who was speaking at the launching ceremony of MTN Mobile Money Month , held in Accra ,…

Mobile Money Users in Ghana to Earn Interest on Deposit

The announcement comes as mobile money transactions in the country reached a total of 679.17 million Ghana Cedis.Mobile Money users in the country will by the end of this year…

African fintech startup Zoona secures $15 million investment, focuses on major growth over the next 4 years

One of Africa’s regional fintech startups, Zoona, announced that it has raised US$15 million in a new round of funding.Zoona, which was founded in 2009 operates a network independent mobile…

Mobile money giant M-Pesa is getting its own debit card to compete with banks

M-Pesa customers will soon be able to use debit cards for quicker transactions. Safaricom, parent of the M-Pesa mobile money platform, is eying a piece of the $13.5 billion in…

United Bank Africa and Mastercard reveal Pan African partnership

mastercardUnited Bank Africa (UBA) and Mastercard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership, which came…

‘Cashless Nigeria’ spikes ATM payments to ₦2.6 trillion at mid-2016

Nigeria recorded ATM transactions totalling ₦2.6 trillion in the first six months of 2016 in a major boost to the Cashless Nigeria policy hoped to make more people embrace electronic…

Ghana: Banks, Telcos urged to collaborate to capture the unbanked

Banking Consultant, Nana Otuo Acheampong is encouraging greater collaboration between banks and telecommunication companies offering mobile money services and reduce the unbanked population in Ghana. According to him, this will…

Visa, Banks Plan Mobile Payments Rollout In Nigeria

The global leader in payments, Visa Inc, has said that it is in advanced discussions with leading Nigerian banks to bring its mobile payments solution, Mobile Visa (mVisa), to Nigeria…

KENYA:KCB-MPesa loans hit over Sh25 million daily

Kenyans are borrowing between 25 and 30 million daily through the mobile-based KCB-Mpesa credit line, Safaricom and Kenya Commercial Bank have said.The two firms, which jointly operate the savings and…

Zambian Mobile Money Startup Zoona Raises $15M, Eyes 10 African Markets

Zoona, one of the leading money transfer service providers in Zambia and Malawi, raised $15 million in its second round of capital funding as it seeks to spread its operations…

A Global Airtime Remittance Leader Top-up Mobiles instantly with 400+ Operators in 100+ Countries

The Central bank of Nigeria (CBN) on Tuesday licensed 11 new international money transfer operators (IMTOs) to do business in the country’s foreign exchange market. The spokesperson of the bank,…

Mark Zuckerberg has made a surprise visit to Nairobi to learn about mobile money

On his surprise tour of tech hubs in Africa, Mark Zuckerberg has made a pit stop in Nairobi. Announcing his arrival on Facebook, he described talking with entrepreneurs working out…

Betting craze lifts Kenya's mobile money to 20% growth

The volume of cash moving through Kenya’s mobile money transfer platforms grew by a fifth in the first six months of 2016, powered by increased uptake of mobile phone-based gaming,…

Zimbabwe: Cash shortages drive mobile money usage

The use of plastic money is one of government’s solutions to address the current cash shortages in the country. The cash shortages have seen most people resorting to the use…

MTN SA mulling shutdown of mobile money service

MTN South Africa has stopped signing up new Mobile Money customers, as it is in the process of reviewing the service, Fin24 reports. Chief Consumer Officer Larry Annetts was cited…

Orange accelerates mobile financial services in Africa

Sets up the Orange Money Compliance Expertise Centre (CECOM), a mutualized compliance centre in Abidjan devoted to Orange Money With the recent receipt of Electronic Money Establishment licenses (EME) in…

AppZone’s BankOne app lets banks ‘issue instant debit card’

Nigerian technology company, AppZone Limited says its flagship product, BankOne, now allows Micro Finance Bank (MFB) customers to open accounts and receive their debit cards instantly. The service which can…

GSMA Announces Launch of National Interoperable Mobile Money Service Across Madagascar

London: The GSMA has announced that all three mobile money providers in Madagascar – Airtel Money, mVola and Orange Money – are rolling out interoperable mobile money services across the…

The founders of Africa Courier Express (ACE) are venturing into online financial services with Lidya

Africa Courier Express (ACE) co-founders, Tunde Kehinde and Ercin Eksin just announced the impending launch of Lidya, a financial services platform that’ll provide unsecured loans of between $500 and $15,000…

Uganda Has Highest Mobile Money Fraud Cases – Report

More than half of Uganda’s mobile money agents have reported the highest incidents of fraud among the eight countries studied, a new report reveals. The report by Helix Institute of…

Ethiopia: Ethio Telecom Outsources Credit Card Service

Ethio telecom has signed a contract agreement with two global companies to introduce a mobile credit card service for its clients. The companies to have been contracted the project are…

Visa takes on M-Pesa with launch of new mobile payment service

Global payments firm, Visa, has launched a mobile payment solution in a move set to stir competition in the lucrative cash transfer industry currently dominated by Safaricom's M-Pesa. The service…

New United Nations Study: Digital payments could boost tax revenue by nearly US$500 million each year and drive economic modernization in Tanzania

DAR ES SALAAM, Tanzania, September 20, 2016/ -- A new study from the United Nations-based Better Than Cash Alliance (www.UNCDF.org/en/btca) provides findings about the large potential gains for governments, businesses…

Zimbabwe: Econet Wireless Partners Mukuru.com

Econet Wireless Zimbabwe on Wednesday announced a money transfer deal between EcoCash and Mukuru Money Transfer, which is a well-established and growing international remittance provider. The partnership was facilitated and…

MTN South Africa shutters mobile money service

Telco says operating costs were prohibitively high; reaffirms commitment to financial services. MTN South Africa this week closed down its mobile money service because it was no longer commercially viable.…

Ghana: Mobile money float tops GH¢700 million

The total cash float from the various mobile money platforms to the banks reached GHC703.64million in July this year, representing a 48.3 per cent jump from July last year. Head…

Kenya: KCB, Visa Speed Up Kenya E-Commerce

E-commerce has been effectively accelerated in Kenya following a partnership between Kenya Commercial Bank (KCB) and Visa to launch mVisa. It is the mobile payment solution that will operate through…

Express Pay launches first Instant Money Transfer service

Ghanaian payment solutions provider, Express Pay has launched the first interbank and mobile cash instant money transfer service in Ghana and West Africa as a whole. Dubbed “Bank Direct”, the…

Zimbabwe: Cash Shortages Cripple Mobile Money

The prevailing cash shortages have suffocated mobile money subscribers, who are failing to get their money or do cash-out transactions. The crisis, which now makes it almost impossible for subscribers…

GTBank partners Zeepay to offer mobile money services

Technology Advanced Bank of the Year 2016 and “E-banking Services of the Year 2016 award winner, Guaranty Trust Bank (Ghana) Limited has partnered with mobile financial services provider, Zeepay Ghana…

Egypt's fintech innovators pick up speed

There is new hope for Egypt’s large unbanked population thanks to recently formed financial technology (fintech) accelerators and the launch of services to bring people into the banking sector. Among…

Vodacom Announces Masterpass In-App Payments for Security Reasons

Vodacom unveils masterpass in-app payment that will enable its customers buy airtime, data bundles and SMS bundles through the My Vodacom mobile application, the global digital payment service from Mastercard.…

My Vodacom app now supports Mastercard’s Masterpass

South African telecoms giant Vodacom has announced that its customers can now “buy airtime, data bundles and SMS bundles through the My Vodacom mobile application” using Mastercard’s mobile payment gateway…

CBA sets sight on Rwanda with mobile money

Commercial Bank of Africa (CBA) is targeting to enter the Rwandan market as it seeks to grow its foothold in the region. The bank said on Tuesday that it will…

Ubank partners WIZZIT to launch digital payment platform

Ubank has serviced neglected and underserviced mine workers in the gold and platinum sectors who previously had difficulty accessing financial services. Ubank has serviced neglected and underserviced mine workers in…

Ericsson & Vodafone's M-Pesa to Ease Safe Water Payments

Swedish communication technology and services giant, Ericsson has tied up with Vodafone's M-Pesa in an initiative to make mobile money payments and cash collection easier and more straightforward. The integrated…

Seedstars Nairobi winner announced

Mobile credit and insurance startup iNukaPap has been named winner of the Nairobi leg of Seedstars World, and will represent Kenya at the global finals to be held in Switzerland…

Ecobank to roll out Masterpass QR across 33 African countries

MasterCard has signed its largest-ever deal for Masterpass, snagging an agreement with the Ecobank Group for the roll out of its QR code-based mobile payment service across 33 African countries.…

Digital Afrique Telecom launches payment service

Digital Afrique Telecom (DAT) has launched DigiPay, a transaction processing platform that enables service providers to deliver mobile financial products and services to their customers in Africa.Simplice Anoh, founder and…

Uber Nigeria has partnered with First Bank to offer its best driver-partners used-car loans

Uber Nigeria announced today that it is partnering with First Bank of Nigeria to offer low-interest, used-vehicle loans to its top-rated driver-partners. With this new initiative, Uber driver-partners with good…

Uganda: Shs1 Billion Loaned Through Mobile Phones

Kampala — In just two months, the mobile micro-lending and saving platform, MoKash, has been adding an average of 15,000 customers per day, reaching 920,000 over the period. Launched in…

Ecobank launches Ecobank Mobile App to transform Banking in Africa

LAGOS, Nigeria, October 25, 2016/ -- Ecobank has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app…

WorldRemit to kickstart uptake of Digital Money Transfers to Cameroon

DOUALA, Cameroon, November 3, 2016/ -- Leading remittance service WorldRemit (Worldremit.com/en/Cameroon) is set to accelerate adoption of digital money transfers to Cameroon, after completing a series of strategic deals with…

Mobile money can ensure 50% cut in cost of international remittances

The GSMA today issued a report entitled, ‘Driving a Price Revolution: Mobile Money in International Remittances’ that looks at the impact of mobile money on reducing the cost of international…

Kenya Telcos, Vendors Now On the Spot for Hidden Costs

Many Kenyans have come to value the convenience of mobile money payments, but a consumer organisation has raised the red flag over the hidden costs. The Consumers Federation of Kenya…

Nigeria clocks 10+ million transactions as mobile payments grow in Q3 2016

The Nigerian banking industry conducted 10,865,588 mobile payment transactions in the third quarter of 2016 (Q3 2016), indicating an improvement in electronic payment adoption trends by Nigerians. This is one…

East Africa: Equity's Digital Banking Strategy Goes for SMEs, Corporates Through Equitel

Equity Bank is targeting to process loans for its corporate and Small and medium-sized enterprises (SMEs) through its Equitel mobile and other digital platforms. Equity Bank says that its Equitel…

Nigerian Military, eTranzact launch e-payment cards for pensioners

E-payment service provider, eTranzact International Plc, in collaboration with the Military Pensions Board, has launched an electronic payment card to offer identification, verification and rewards to all members of the…

MTN Nigeria pledges support for mCash

Telecommunications giant, MTN Nigeria has thrown its weight behind a new cashless initiative, mCASH, launched recently by the Nigeria Inter-Bank Settlement System Plc, NIBSS. The platform is a mobile payment…

Mobile banking has sounded death-knell to plastic money in Kenya

A shift in droves to mobile banking by citizens in Kenya is sounding a death-knell to plastic money, whose uptake and usage has stalled despite service providers making the cards…

MFS Africa connects 120 million mobile wallets in Sub-Saharan Africa

Largest network on the continent allows merchants, banks and mobile operators to scale transactions cross-border, cross-currency and cross-network Johannesburg, South Africa, November 22nd 2016 – MFS Africa, the leading Pan-African…

Zimbabwe:Mobile money firms innovate to survive

Zimbabwean mobile money platforms are exploring cashless solutions as the liquidity crunch that has stretched for almost a year continues to worsen. Ecocash and Telecash agents have been hit hard…

CBA to launch M-Shwari loan service in Ivory Coast next year

Commercial Bank of Africa says its expansion into Ivory Coast will be in partnership with MTN, with whom it already collaborates with in Uganda and is planning to launch the…

WeChat partners with McDonald’s South Africa to pilot mobile payments

WeChat Africa and McDonald’s South Africa have joined forces to pilot mobile payments at selected flagship restaurants in Johannesburg and Cape Town. WeChat Africa said it has extended its wallet…

WorldRemit inks partnership deal with Xpress Money

WorldRemit, an online money transfer service, and Xpress Money, a global leading money transfer brand, have announced a partnership to open up new remittance routes across Africa and Asia. Through…

South Africa:Travel wallets a boon for banks

The introduction of foreign currency travel wallets is proving a boon for South Africa’s major banks. The chip and pin protected cards – some of which can be loaded with…

Nigeria:Value of POS Transactions Hits N651 Billion

The value of transactions through point of sales (PoS) channels across the country increased significantly by 65 per cent to N651.37 billion between Janaury and November 2016, compared with the…

Mobile Money helped 2 percent of households in Kenya rise out of poverty

Being able to send and receive money by cell phone has helped lift 194,000 households in Kenya out of poverty, according to a study published Thursday in the journal Science.…

UBA Empowers MSMEs with Masterpass QR Payment

The United Bank for Africa (UBA) has introduced its first merchant-focused app in Africa with the aim of creating a SMART (secure, mobile, accessible, reliable, transparent) network of 100,000 micro…

SES Completes Refinancing of O3b Debt

SES S.A. (Euronext Paris:SESG) (LuxX:SESG) has announced the refinancing of the remaining O3b debt. Since acquiring the remaining shares in O3b, SES has refinanced the entire USD 1.4 billion of…

Zimbabwe Bank Suspends Use of Visa Cards as Cash Crunch Worsens

CBZ Holdings Ltd., Zimbabwe’s largest bank, suspended the use of Visa Inc. cards for local transactions as the country struggles to cope with a cash shortage. Charges on making transactions…

Ecocash partners TransferTo to improve international remittances

ECONET Wireless Zimbabwe subsidiary Ecocash, has partnered with Cross-Border Mobile Payments Network- TransferTo, to expand its cross-border reach for international remittances. The partnership means Zimbabweans living and working away from…

Nigerian government bans bitcoin transactions

Nigeria government today banned financial institutions in the country from trading in virtual currencies, such as Bitcoin, Swisscoin and OneCoin, a move analysts say was a restrained first step towards…

Mastercard Launches Mobile Marketplace to Digitize East Africa's Agricultural Sector

2KUZE gives farmers access to more buyers, enables them to run a more profitable business and paves the way to a cashless agricultural sector To tweet this news, copy and…

Start-up using blockchain tech to stop property fraud in Africa

A start-up is hoping to combat property fraud in emerging markets using the technology behind virtual currency Bitcoin. BenBen, which has just been accepted onto the Cambridge Social Ventures incubation…

Orange Money and Vivo Energy sign a Pan-African payments deal

Orange Money and Vivo Energy have signed a deal that will see Orange customers have access to a network of over 1,000 Shell service stations to transact in Botswana, Burkina…

Microsoft and Ecobank Partner To Drive Digital Transformation In Afrika

Microsoft and Ecobank have signed a memorandum of understanding (MoU) to complement African governments' efforts to modernise and raise the standards of the continent’s major cities through state of the…

Canal+ enters into partnership with MTN Mobile Money

Canal+ has partnered with MTN Rwanda to offer Rwandans a chance to pay subscription to Canal+ with Mobile Money—the service starts with immediate effect. All Canal+ services will be paid…

SA branchless bank signing up 5,000 customers every week

South African fintech company TYME is signing up 5,000 new customers each week, according to a report by The Australian. Commonwealth Bank of Australia acquired TYME, which designs, builds and…

Ghana: Telcos kick against mobile money intermediary

Telecom operators in the country are unhappy about moves by the central bank to impose on them a third-party company that will intermediate in mobile money transactions across different networks.…

Huduma Card Delivers Cashless Efficiency, Powered by Mastercard Technology

NAIROBI, Kenya,7 February 2017,-/African Media Agency (AMA)/- Mastercard commits to supporting the roll-out of the Huduma Card in Kenya as the technology partner of choice for the local government organisation.…

Cameroon: MTN and Orange in fierce competition over mobile money

With a client base today estimated at 5.4 million, including 2.8 million for Orange and 2.6 million for its competitor MTN, the mobile money market in Cameroon is certainly expanding,…

In brief

The South African Reserve Bank will consider introducing a "blockchain based, digital version" of the South African Rand. This comes a few months after Senegal became the second country in…

Mastercard commits to financially including over 150,000 Kenyan merchants with Masterpass QR

NAIROBI, Kenya, 14 February 2017, -/African Media Agency(AMA)/- Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass…

MTN, CBA Bank Launch MoKash; a Mobile Loans & Savings Product

Rwanda’s leading telecommunication provider, MTN Rwanda, in partnership with Commercial Bank of Africa (CBA) today launched a ground breaking savings and loans product dubbed ‘MoKash’, which will enable registered MTN…

In brief

The Cameroonian subsidiary of South African telecoms operator MTN just bettered its mobile money service by now offering mini-statement on mobile transactions. This new service follows the one enabling users…

MTN South Africa Seeks New Mobile Money strategy

MTN Group will look for new ways to bring banking services to its customers’ mobile phones in South Africa after severing ties with Australian-owned partner, Tyme, Bloomberg reported. Maxwell Nonge,…

WorldRemit sees huge growth in money transfers to Tanzania

DAR ES SALAAM, Tanzania, February 20, 2017/ -- Digital money transfer service WorldRemit (www.WorldRemit.com/en/Cameroon) is consolidating its rapid expansion into Tanzania, supporting the growing demand for instant remittances to the…

Kenya: CBK Sees Cyber Risks As Banks Eye Mobile Money Platform

Nairobi — Central Bank of Kenya (CBK) chairman Mohammed Nyaoga has cautioned banks to be wary of cyber risks in mobile money as the lenders move towards establishing their own…

Doubts raised over ?4.6bn BoG contract to allow 'across network' money transfer

There is brewing discontent over ?4.6bn plan spearheaded by the Bank of Ghana to create one-stop shop for all electronic payments across different financial and non-financial institutions. For the layman,…

TerraPay joins forces with MoneyTrans and Paga to make cross border remittance easy between Europe and Nigeria

TerraPay, a mobile-first international payment network, today announced that it has partnered with MoneyTrans, a leading Money Transfer company established in Europe and Africa as well as Paga, Nigeria’s pioneering…

MeaWallet partners with Crossgate to provide HCE/Cloud based mobile payments technology for their customers in Africa

Crossgate’s Crosscore platform is an API-based integration hub that allow simplified and more cost-effective deployment of multiple services that would generally be complex for issuers to implement themselves. It provides…

TransferWise launches international money transfers via Facebook

Money transfer company TransferWise has launched a new service that allows users to send money internationally through Facebook Inc's chat application, as competition in the digital payments landscape intensifies. The…

Liberty Life, Orange partnership allow customers pay policies via mobile money

Liberty Life Botswana and Orange Botswana have launched a strategic partnership where Liberty clients will be able to pay their policies through Orange Botswana’s mobile money payment platform - Orange…

Kenyans Beat Nigerians in Mobile Money Transfers while Nigeria Surpasses Kenya on other Electronic Platforms

Kenyans moved a record $33 billion via mobile money platforms such as Safaricom, Airtel or Mobikash in 2016, up from $27.8 billion from the previous year, the latest data from…

Kenya: Banks Launch Pesa Link to Reclaim Cash Transfer Market

Kenyan lenders have launched an interbank money payment switch dubbed Pesa Link as they seek to regain dominance in the money transfer business through competitive transaction fees across networks. The…

The Direct Pay Online Group Expands Operations into Botswana & Namibia

Nairobi, Kenya, 9 March 2017 – The Direct Pay Online Group, a leading online payments service provider in Africa, has announced today it is acquiring 100% of the equity in…

Kenyans transact record 33 bln USD on mobile money in 2016

Kenyans moved a record 33 billion U.S. dollars on mobile money in 2016, up from 27.8 billion dollars from the previous year, the latest data from Central Bank of Kenya…

Zoona raises US$1 million from IFC and MasterCard Foundation to expand mobile banking in Zambia

South African based Payments service provider Zoona has raised US$1 million from the International Finance Corporation (IFC) and the MasterCard Foundation to strengthen the reach of its mobile banking services…

Mama Money expands to three more African countries

South African-developed mobile money service, Mama Money, has expanded its operations Nigeria, Ghana and Tanzania, with three more countries billed for a launch. Mama Money, which recently celebrated its second…

Mastercard Partners Mobile Money Africa to host the CashlessAfrica Conference and Expo in Nigeria

Leading digital payment solutions provider, Mastercard, has been unveiled as the headline sponsor of the 6th Edition of the CashlessAfrica Conference and Expo. The event is organised by Mobile Money…

Uganda: New Interbank Transfer System Launched

Craft Silicon, a Kenyan-based software company on Monday launched an inter-bank transfer system that in the interim will enable Centenary Bank and Finance Trust Bank customers to make real time…

Econet launches EcoCash Home Wallet App for Zim-UK remittances

The Econet Group has through its wholly-owned financial technology subsidiary, Cassava Connect, has launched an EcoCash Home Wallet application that will allow UK diaspora customers remitting money to Zimbabwe to…

CBA launches Loop mobile finance platform

Commercial Bank of Africa (CBA) has launched a digital banking app targeting millennials — young customers born after 1980 — becoming the latest lender to invest in digital platforms. The…

Nigeria Government Launches Accounting Software for Financial Discipline

As part of ongoing measures to improve Public Financial management across all levels of government, the federal government has developed an IPSAS Compliant accounting software suite “OneBook”, aimed at enhancing…

JamboPay acquires Nutanix to improve service delivery

JamboPay, a service provider that helps Nairobi County in revenue collection, has acquired Nutanix Computing Platform. JamboPay which allows customers to make electronic payments through eJiji, entered into a contract…

Kenya sells bond over mobile phones in world first

NAIROBI, March 23 (Reuters) - Kenya began selling a government bond exclusively via mobile phones on Thursday, a world first aimed at expanding the pool of investors in a country…

Kenyans Abroad are Biggest Users of Digital Remittances to Mobile Accounts

Kenyans living abroad has been described as the biggest sender of digital remittances to mobile accounts. This was disclosed in a statistics made available by WorldRemit, – a digital payment…

Nigeria: Instant Payment Hits N38.2trn Transactions Milestone in 2016 – NIBSS

The Nigeria Inter-Bank Settlement System Plc (NIBSS) has said total volume of Instant Payment (NIP) transactions recorded 154.5 million with value of N38.2 trillion in 2016. This is an increase…

Kenya:Banks mobile money platform signs up two million users

Two million customers have signed up for PesaLink less than two months after the digital bank-to-bank payments platform was launched by the Kenya Bankers Association (KBA). Integrated Payment Services Ltd…

MTN partners Uber to offer free ride to subcribers

Ghana’s leading telecommunications service provider, MTN, has announced a partnership agreement with Uber Ghana to offer free rides for MTN customers. Through this partnership, MTN subscribers will enjoy two free…

Kenya: Equitel Money rises to take a fifth of mobile cash transfers

Equity Bank’s mobile banking platform Equitel accounted for over a fifth of mobile money transfers in the latest sector statistics by Communications Authority of Kenya (CA). The platform, officially launched…

Samsung Pay SA launch pushed to Q3

Samsung Electronics has pushed out the launch of its mobile payments and digital wallet service to the third quarter of 2017. The company had said in August 2016, at the…

First ever M-Akiba mobile bond sold out in record of thirty days

In a surprising show of consumer uptake, the much hyped M-Akiba mobile based bond has been closed ahead of time after it sold 150 million shillings worth of bonds. The…

Tanzania: 47% of GDP Transferred in Mobile Money Revolution

When Vodacom introduced the mobile money transfer service, M-Pesa, in 2008 financial inclusion in the country was below 16 per cent. Only eight years later, financial inclusion increased fivefold to…

Telkom Kenya to replace Orange Money service with new platform

Telkom Kenya plans to replace its mobile money platform Orange Money amidst its continued underperformance in the market. In an interview, Telkom Kenya chief executive Aldo Mareuse said that the…

MTN Ghana To Continue Payment of Interest On Mobile Money Deposits

Ghana’s Leading Telecommunications Giant , MTN Ghana has relinquished power to its cherished mobile money customers to unsubscribe interest on their deposits. The decision was arrived at after a number…

Nigeria: CBN suspends cashless policy

The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy. In a circular released on Friday, the apex bank instructed banks to revert…

Orange to launch French mobile banking service in July

Orange has announced a start date for its long-awaited Orange Bank, which promises a 100% mobile service. The company said that it will be available to Orange employees in France…

Mastercard Unveils Next Generation Biometric Card in South African

Mastercard today unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely cardholder’s identity for in-store purchases. South Africa is the first market to test…

Ghana: To Combat Mobile Money Fraud

Minister for Communications, Ursula Owusu Ekuful, has announced plans by her Ministry to roll out public education strategies towards combating Mobile Money fraud. The strategy, she observed would enable subscribers…

Central Bank of Lesotho rollouts Intellect Quantum Central Banking Solution

Intellect Design Arena Ltd, a digital technology product provider across Banking and Insurance, announced the successful rollout of Intellect Quantum Central Banking Solution at the Central Bank of Lesotho. The…

NIGERIA: Stakeholders seek regulatory review to boost mobile money

Stakeholders in the mobile money ecosystem have called for a review of the prevailing mobile money regulatory framework, so that the country can achieve the target growth rate in the…

Kenyan President gives vote of confidence for the Huduma Card in driving financial inclusion

NAIROBI, Kenya, 3 May 2017, -/African Media Agency(AMA)/- The Kenyan Government has provided a vote of confidence in the implementation of the Huduma Card in the country, and its role…

Kenya State agencies slow in uptake of mobile money payments

  Only two out of 10 public institutions have a mobile money or mobile payment account, indicating a sluggishness by the government to adopt a technology that has become common…

Ghana: GFA installs MTN Mobile Money APP

The Ghana Football Association (GFA) on Wednesday, April 26, 2017 completed the registration of MTN Mobile Money Application platform to be used as the payment platform for the association. The…

Safaricom Gives M-Pesa Users 24 Hours of Free Mobile Money Transfers

Telecoms firm Safaricom on Tuesday said it had resolved a technical problem that caused Monday's network outage, leaving millions of customers stranded. Safaricom's network went down on Monday morning debilitating…

TerraPay continues global expansion by launching Mobile Wallet based Cross-Border Money transfer services in Tanzania

Africa – 02 May 2017: TerraPay, a mobile-first international payment network, today announced that it has successfully obtained regulatory approval from the Bank of Tanzania to launch International Money transfer…

Ghana launches $2.6m remittance grant facility

Ghana, in collaboration with Switzerland, on Friday launched a Remittance Grant Facility (RGF) of $2.6 million to provide financial assistance to companies to develop innovative remittance products and services at…

Sudanese experts warn against use of mobile phones money transfer in terrorism financing

Several Sudanese bankers Saturday have warned against the use of credit transfer via mobile phone in terrorism financing in light of the lack of control over the volume of funds…

M-Pesa card tipped to ease money payments

Safaricom has launched a tap-and-go M-Pesa card intended to ease mobile money payments in a bid to grow revenues. The M-Pesa card will allow customers to make payments at retail…

In brief

The Kenyan government said subscribers could send and receive money between different telecommunication networks in July, following an agreement to implement interoperability among the service providers. ICT Secretary, Joe Mucheru,…

CBN Caps Transaction Alert Fees to N4 per SMS

The Central Bank of Nigeria (CBN) has capped the fees charged by the banks on transaction alerts to N4 per SMS. The apex bank also restricted alerts to customer-induced transactions…

Refugee turned fintech chief aims to upend a US$444bil market

ISMAIL AHMED - FOUNDER & CEO, WORLDREMIT Refugee, economist, whistle-blower, entrepreneur – Ismail Ahmed (pic) has played many roles in his odyssey from war-torn Somalia to London’s fintech frontier. But…

Kenyan merchant solution Sokowatch starts East African expansion

Kenyan ordering and delivery solution Sokowatch is plotting further expansion across East Africa after making Dar es Salaam, Tanzania its second market in February. Launched in 2013, Sokowatch is an…

In brief

Ghana: Vice President, Dr. Mahamudu Bawumia, has disclosed that government is working to meet its November 2017 timeline for the implementation of mobile money interoperability. The system when rolled out…

Kenya: App tracks all your mobile money use

Overview founder Hans Pauwels was in search of a technology-based idea that had impact and scale when he stumbled upon mobile banking in Kenya. The use of mobile phones for…

Ghana: Expresspay Making Instant Bank Transfers Possible

expressPay, a leading FinTech company in Ghana, released an exciting money transfer product that enables instant transfers to bank accounts in Ghana. Through this new service on Bank Direct, customers…

UN study: Digitization of Kenyan farmer payments helps tackle poverty

A new case study (http://APO.af/v5Wxdm) by the United Nations-based Better Than Cash Alliance (www.BetterThanCash.org) shows how agriculture nonprofit organization One Acre Fund (www.OneAcreFund.org), in partnership with Citi Inclusive Finance (www.CitiInclusiveFinance.com),…

Cameroon: Express Union promises 40% commission on Mobile Money service

The Cameroonian microfinance outfit Express Union (EU) which has lagged behind telecoms operators MTN and Orange in Mobile Money since 2011, has just launched an offensive aiming to entice agents.…

Jumia Partners Mastercard to Bolster Cashless E-Commerce in Africa

Africa’s online retail sector presents an exciting opportunity for retailers to grow their businesses by connecting with new customers. According to Jumia, Africa’s number one online retailer, the e-commerce sector…

PayU moves to connect businesses to N200bn online payment market

PayU has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market LAGOS, Nigeria, June 5, 2017/ -- PayU  has rolled out strategies to intensify efforts…

Tigo Cash Rwanda Starts Free Money Transfers with Six Banks

Tigo Cash has launched free integration with major local banks, enabling customers to move money from their own bank accounts into their Tigo Cash wallets and vice-versa free. This facility…

GHANA: GHIPSS optimistic of mobile interoperability success

The Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems (GhIPSS) Mr. Archie Hesse has indicated that the institution will intensify efforts to encourage the usage of its…

Egypt: National Council for Payments issues five important decisions

The National Council for Payments issued a number of important decisions, with the aim of transforming Egypt from a society that relies on cash to a cashless one. These decisions,…

Telkom Kenya to terminate Orange Money service

Telkom Kenya has announced plans to discontinue its mobile money service Orange Money that has struggled to gain a footing in the country. The move comes months after the telecom…

PayU moves to connect businesses to N200bn online payment market

PayU  has rolled out strategies to intensify efforts to connect businesses to Nigeria’s online payment market. Annual online payments in Nigeria is estimated to surpass N200 billion this year from…

ZAMTEL launches ZAMTEL Kwacha mobile banking service

ZAMTEL has launched an electronic payment solution called ZAMTEL Kwacha which it says will revolutionise mobile banking in Zambia. The service which will enable ZAMTEL customers send and receive money…

Tanzania: Mobile Money Transactions Hit 50tri/-

Mobile money transactions in 10 months ending April this year reached 1,444.6 million worth 49.99tri/-, thanks to interoperability among the four major mobile payment services providers. According to the Bank…

Paga, MFS Africa Partner to Drive Money Transfer

Pan-continental fintech company, MFS Africa has collaborated with Paga, a mobile money transfer provider, to connect its users and Nigerian bank account holders to remittance senders from around the world.…

Kenyan Mobile Money Payments up 15% in April

Mobile payments grew by 15 percent to KES 1.19 trillion at the end of April from KES 1.04 trillion in the same period in 2016, according to the Central Bank…

Youtap partners with MatchMove to deliver open-loop payments for mobile money customers in Africa and Asia

NAIROBI, Kenya, June 13, 2017/ -- Youtap, a global provider of contactless mobile money payments and financial services software, has announced a partnership with MatchMove (www.MatchMove.com) that will provide Youtap’s…

WorldRemit launches with Android Pay to offer mobile-to-mobile transfers to the world’s unbanked

LONDON, United Kingdom, June 13, 2017/ -- WorldRemit (www.WorldRemit.com), the leading digital money transfer service has added Android Pay to its service, offering a new way for WorldRemit’s Android Pay…

Kenya: Smaller banks yet to adopt Pesalink money

Smaller lenders and banks headquartered outside the country are yet to get on board the digital money transfer platform Pesalink, Kenya Bankers Association has said. KBA said the digital platform…

Youtap Partners With Matchmove to Deliver Open-Loop Payments for Mobile Money Customers in Africa and Asia

This partnership is in response to the growing demand for Mastercard companion cards connected with mobile money accounts globally Youtap, a global provider of contactless mobile money payments and financial…

Nigerian Startup Partners With Mastercard To Make Cashless E-Commerce A Reality

Nigerian fintech startup NetPlus has worked in partnership with global payments giant Mastercard to develop a cashless e-commerce solution that provides the Nigerian market with a safe, transparent and efficient…

Why Somalia may be next goldmine for bold banks

What comes into your mind when you hear Somalia mentioned? Al Shabaab? African Union? Famine? Pirates? KDF? However negative it is, you are not to blame. Somalia hasn’t attracted good…

How birth of M-Pesa sealed Orange Telkom’s fate

Helios Investment Partners, the biggest stock holders in Telkom Kenya, have rolled up their sleeves and hope their recently unveiled turn-around plan will awaken the sleeping giant. The London-headquartered private…

Kifiya works with Mastercard to launch first international remit to pay service in the Ethiopian market

Mastercard and digital service provider Kifiya have partnered to introduce a simple, secure and convenient digital solution that will allow citizens to pay for all bills in one location in…

Safaricom partners with mSurvey to measure Kenya's digital economy

Safaricom has partnered with mSurvey to launch Consumer Wallet, a versatile mobile platform that quantifies offline consumer spending habits and trends. The solution leverages mSurvey’s mobile messaging platform to measure…

Airtel Money partners Zeepay to offer instant International money remittance

Airtel Money, Ghana’s most innovative and convenient mobile financial services platform and a sub brand of Airtel Ghana, has partnered with Zeepay to offer instant international money remittance  from some…

Mobile Money: BEAC bans transactions by telecoms operator MTN Cameroun outside CEMAC zone

In a letter dated 19 June 2017, the Governor of the Bank of Central African States (BEAC), issuing institution for the six CEMAC States which are Cameroon, Gabon, Chad, CAR,…

Zambia: Airtel, Zambeef Forge 'Money Payment' Links

Airtel Mobile Commerce Zambia Limited (Airtel Money) has now partnered with Zambeef to enable customers pay for their meat products using the Airtel Money - 'Tap and Go' service. Speaking…

The powerful Y’ello Box is bringing 24/7 electricity to Nigeria via your mobile phone

In a world first, Nigeria is pioneering a new solar electricity service and it is already transforming lives. The Y’ello Box is a solar electricity system that officially launched earlier…

Uganda: Open Software to Cut Transactional Costs

Kampala — Digital financial service providers want telecommunication companies and banks to open up their software such that they can transact on their platforms. The software - Application Programming Interface…

Kenya Safaricom conducting major upgrade on the MPESA platform

Safaricom will over the next three weeks conduct a major upgrade of the M-PESA platform. This becomes the third major upgrade since M-PESA’s launch ten years ago, and the first…

Safaricom goes for photo IDs to block M-Pesa fraud

Mobile money agents will soon start using photos to identify those withdrawing or depositing money on the popular M-Pesa platform in a new push to curb fraud. Safaricom said it…

Mobile cash reduces hunger, boosts local economies in Kenya

An innovative, mobile phone-driven cash programme has helped prevent nearly 250,000 people from slipping into severe food insecurity in drought-ravaged Kenya. The Kenya Red Cross Society has given monthly grants…

Huawei partners with WorldRemit to accelerate growth of low cost mobile-to-mobile money transfers to Africa

Leading digital money transfer service WorldRemit(www.WorldRemit.com) and Huawei (www.Huawei.com/en) have announced a partnership making WorldRemit’s international money transfer service available to all partners of Huawei’s mobile money service platform across…

Cameroon: fierce competition in the Mobile Money market raises accusations of anti-competitive practices

The battle in the electronic transfer of money in Cameroon is now also being played out in the courts and other involved regulatory authorities. According to official sources, the money…

Interswitch Inks Deal with Visa to roll out mVisa in Africa

African payment services provider Interswitch announced a partnership to adopt the mVisa service for bank customers’ mobile apps and to allow merchants to accept the payment mode. The company will…