In brief

17 February 2017

Money Transfer

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 to check their bank account via mobile phone. Since September 2015, it is even possible for the clients of Afriland First Bank holding MTN Mobile Money accounts to make financial transactions between their bank and mobile accounts. MTN Cameroon claims over 2.6 million users for the mobile financial transaction service.

Kenyan operator Safaricom has updated its mobile money transfer service M-Pesa to enable customers to receive information on the cost of each transaction automatically. As part of its drive to enhance pricing transparency, Safaricom will make the updates available to its 24 million M-Pesa customers in three phases, starting on 15 February.