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Tag: mobile money

FNB launches regional money transfer app

 South Africa’s First National Bank (FNB) has unveiled its new app that will make it possible for its customers to get their money across borders to Mozambique and Zimbabwe. Zimbabweans can collect their money at some OK Ltd stores throughout the country while Mozambicans can get transferred funds from any ...

Ugandan Government Accused of High Mobile Money Taxes.

The Government of Uganda has been accused of contravening the constitution by imposing a 10-percent exercise duty on money mobile withdrawal. Sectors blamed for the same include the Ministry of Finance, Planning and Economic Development. Joshua Tumwine, the complainant, seeks a declaration that by recognizing the business and taxation of 10 percent ...

M-Pesa Termed Next Currency Killer.

Rolled out in 2007, Safaricom didn't mean a mobile money platform. Infact, the leading mobile subscriber didn't think of it as a money making business it is today. M-pesa has over the years gained ground in its country of origin and the larger East Africa. Individuals have acquired the service ...

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