This week, as Safaricom marked 20 years in the business, they introduced something new called “Pochi la Biashara“. The idea targets micro/small businesses where one can have two wallets under the same M-Pesa account to help them differentiate between personal and business transactions. Unlike Pay bills and Till numbers, which ...
According to a Kaspersky report the African market accounts for 46% of global accounts this means that there's a need to be extra cautious when it comes to keeping your mobile wallet safe.
This was made possible by their partnership with Elite Digital Solutions who are known as the authorized dealer for Apple devices.
In case you haven't used PayPal money transfer before it is a American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative
Safaricom has always been the untouchable telcom however they are not invisible to the Kenyan parliament who are now pushing for a split between it's mobile services and mobile money service M-Pesa.
Streaming giant, Netflix, could soon start accepting payment from Kenyan subscribers via mobile money. The move is aimed at establishing itself as the dominant player in the Kenyan market. Netflix has already established a strong foothold in Nigeria and South Africa, two of Africa's largest economies. Netflix is reportedly working ...
Jumia and Airtel Kenya have partnered to allow Airtel Money users to pay for their Jumia purchases using the mobile money service. Jumia Head of Financial Services, Nelly Movine, said, “Millions of Kenyans rely on mobile money daily to make fast payments. By expanding our payment options to include Airtel ...
NilePay, recently partnered with Zain South Sudan to launch NilePay Mobile Money in a move to eliminate significant barriers that have hindered consumers in the country from taking full advantage of global eCommerce. “NilePay Mobile Service’s partnership with Zain South Sudan is part of the company’s long-term strategy to enable ...
As part of the transition of Safaricom from a telco to an enabler platform, the company has been working on new changes to its MPESA platform. These change will mark the third major update to the platform since transferring its servers from Germany to Kenya. Due to this upcoming update, ...
This may be surprising to hear, and even superior to see that entrepreneurs are maximizing the benefit of Internet presence. It has been pointed out that those taking advantage of it, are really experiencing significant gains. Entrepreneurs can often be emotional with the harsh reality of market struggle, but they ...
It is the minute that the banking industry in Kenya is facing a lot of challenges specifically on governance issues, leading to a decline on public confidence after few banks were put under receivership. However, Equity group which has retained for four times, the best overall bank in Kenya in ...
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 Faso, Côte d’Ivoire, Guinea, Madagascar, Mali, Mauritius, Senegal and Tunisia. The services - already available in Mali, Cote d’Ivoire and ...
Mobile money revolution is all over across countries in Africa, With large sections of the population unbanked yet actively using feature phones to access mobile money services and pay for physical goods, bill payments, transferring money person to person, or accessing digital goods and services continue to dominate. On top ...
Set to launch later this month, WeCashUp aims to be a universal mobile payment platform that will enable online merchants to accept all the existing mobile money solutions in their web and mobile apps. According to Infinity Space, the firm developing it, WeCashUp will open a large e-commerce highway for ...
Equitel has grown to become Kenya’s second biggest mover of mobile money as theplatform now accounts for 14 per cent of all mobile money transactions. This has been achieved slightly over a year since its launch in July 2015. Data from the Communications Authority (CA) for the three months to ...
Ericsson and Grundfos have deployed their Grundfos AQtap, a water ATM that dispenses water and supports sustainable water management in Kenya in selected water kiosks in Makueni county to increase access to safe drinking water and increase the dealers revenues. The solution links mobile wallet providers and water service providers, ...
MTN South Africa, the country's second largest mobile network has pulled the plug on new mobile money sign ups in a move that might likely see the firm end the service totally. According to Fin24, the firm has around 140,000 users and is no longer signing up new mobile money ...
In a move to secure mobile money withdrawals by investment groups, chamas and joint account holders, Equitel has launched a “multiple approval” feature that allows multiple users to request to withdraw cash on their Equitel menu which then requests other account signatories to enter their PIN to approve the withdrawal request. ...
Jay Alabraba, Paga's Co-founder and Director of Business Development, believes that accessibility has critical roles to play in the future of mobile payments and financial inclusion in Nigeria. Alabraba added that a viable agent network will finance services to become accessible to all Nigerians. “We believe strongly that accessibility still ...
With $1.4 million in seed funding from Formation 8 and the Khosla Impact Fund, Matt Flannery, co-founder and ex-CEO Kiva.org, an emerging markets nonprofit lending platform has launched Branch to take on banks in Africa, starting from Kenya. According to Flannery, "Branch is a new way to access credit over ...
The World Bank’s Global Findex Report (2014) analyses the state of financial inclusion in the world. Sub-Saharan Africans (SSAs) are saving more and formally through financial institutions. About 16% of adults (over 15 years of age) in SSA have formal savings in financial institutions, which is a higher proportion than ...
Online money transfer service WorldRemit has appointed Alix Murphy as Senior Mobile Analyst. A leading Mobile Money specialist, Alix will help build and support commercial relationships with telecoms operators all over the world, as well as maximise Mobile Money opportunities for the company. Prior to WorldRemit, Alix was Market Intelligence analyst ...
In a very welcome move today, Vodafone and MTN announced that customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other after the wo signed an interconnection deal, bringing convenience and affordable international remittances between the customers. According to Vodafone Director ...
International money transfer company Xpress Money will now allow customers to send money to their family, friends and business partners in Ghana directly to their mobile wallets as long as they are users of MTN’s mobile money platform. This new move is as a result of a new partnership by ...
13 money transfer firms have had their licenses suspended by the Kenya government for claims of participating in the funding of Somali’s terror group, Al-shabaab. The move follows the recent terrorist attack at a University in Kenya’s Garissa County that saw 147 students meet their death. The companies were part ...
The 5th edition of Mobile West Africa, which is scheduled to take place between 21 and 23 April in Lagos, Nigeria has garnered industry-wide support with credible sponsors such as MTN Nigeria, Airtel Nigeria, Etisalat Nigeria, Eskimi, VConnect, Gidi Mobile, Opera Software, MoboFree, Uber, MyMusic, Basebone, Mozilla, Jovago, Wiko Mobile ...
Econet Zimbabwe has taken shopping to the next level; the telco company has enabled all its customers using EcoCash to buy and send groceries to their friends and relatives under a partnership with grocery manufacturer and wholeseller, National Foods. The partnership dubbed EcoShopper will help people overcome hurdles in ...
South Sudan is well on its way to getting own mobile money transfer service courtesy of a software engineering student Lual Michael Mayen who says thi will offer the country an effective and convenient way of cash transfer. Gurtong reports that 22 year old Mayen said the Bank it Sytem ...
By 2030, 2 billion people who don't have a bank account today will be storing money and making payment with their phones. This is according to the Co-founder of the Bill and Melinda Gates foundation, Bill Gates who also observed that by then, mobile money providers will be offering the ...
A huge part of the unbanked population in Ethiopia is set to benefit from mobile money services being launched by banks and micro finance firms and which let customers make payments, receive money via mobile phones that are linked to their bank account,. Reuters reports that this is technology that ...
