Mobile Money Africa

Joseph Arinaitwe
Head eBanking
UBA Bank – Uganda
How do You describe Mobile Money in Uganda and the uptake?
In Uganda Mobile is about one half years old with MTN leading the pack followed by Zain (ZAP ,this has since been acquired Bharti Airtel) and M-sente (Uganda Telecom).We are expecting Warid Telecom to shake up the Mobile Money market [...]

How does your platform work?
The platform www.CashEnvoy.com is an internet payment service that allows Nigerians to make payments, send money and receive payments with ease and convenience in a secured environment.
Once you sign up for a free CashEnvoy account, you can make payments, send money and receive money online.
To make payments using CashEnvoy, you [...]

Some US$ 16 million will be rewarded to institutions that can set up mobile banking services in Haiti.
The Bill and Melinda Gates Foundation pledged US$ 10 million and the United States
Agency for International Development (USAID) will add another US$ 5 million to coax telecommunications and finance companies to set up mobile phone banking services for [...]

Mr I. Ofori Quaye, Ho Branch Manager, Barclays Bank, has called on financial institutions to get Ghanaians accustomed to “cashless money transactions”.
He conceded though that various modules of electronic banking and other arrangements were going on, the volumes were not at par with the size of the Ghanaian economy.
Mr Quaye was speaking at a durbar [...]

vigilantkenyan
Have you heard of this incidents?? – better be safe than sorry!
This incident happened to a colleague recently.A bad experience indeed.
He received a call from someone claiming to be calling from
Safaricom.The caller was very composed.
The caller told him ‘thank you for being our loyal and valuable MPESA
customer.You recall we had initially given you a black [...]

Emmanuel Okoegwale
Principal Consultant – MobileMoneyAfrica
All over Africa, Big commercial Banks, Mobile network operators, Micro Finance enterprises and independent providers are actively seeking for a piece of the unbanked market using trusted technology platform like the mobile phones. In some other climes, Mobile network operators are even buying financial institutions to gain advantage, in what [...]

Third Batch Training – July 6th, 2010.

Central Bank of Nigeria will be licensing firms in the next few weeks to provide mobile payments in Nigeria for an addressable of 140 million people where only 22 million are banked with more than 70 million mobile subscribers.
Mobile payment license will cover mobile Banking, payments, savings, person [...]

Share your management background with Africans?

Jide Akindele is the MD/CEO of Mobile Media Info Tech Limited with three other partners playing key strategic
roles. Jide Akindele comes from a VAS background, before starting this company, Jide was the Vice President of International Sales and Marketing for The Mobile Media Group LLC also known as MMG. [...]

Kenya’s second largest mobile operator Zain said Thursday it plans to invest over 350 million shillings (4.8 million U.S. dollars) to roll out mobile transfer service, Zap outlets countrywide to extend its reach.
Zain Kenya Managing Director Rene Meza told a news conference in Nairobi said that the mobile operator also plans to test its 3G [...]

Emmanuel Okoegwale
Principal Consultant @ MobileMoneyAfrica
Director @ African center for mobile financial inclusion – UK.
Stakeholders in Nigeria were hooked to the hope machine in the month of May, expecting the outcomes of the License approvals from the Central Bank of Nigeria to commence pilots projects for mobile money.June seems to hold much promises but the [...]

mobiFEST 2010 – Reaching the M-Generation.

University of Lagos
Multi Purpose Hall A,B and C
AND
Afe Babalola Conference Center.
August 17th and 18th

Nigeria’s first and largest mobile application event will be in Lagos less than seven weeks and a key focus for this inaugural event is not surprisingly – Mobile applications in a leading market in Africa where mobile [...]

As part of efforts to bridge the gap between the banked and the unbanked population of Nigeria, eTranzact in conjunction with International Finance Corporation (IFC), a member of the World Bank Group, have embarked on a pilot project for the rural areas in Nigeria called Rural Telephony Project (RTP) MobileMoney.
RTP MobileMoney powered by eTransact is [...]

By Ilya Khrennikov and Eric Ombok
Equity Bank of Kenya, Kenya’s largest provider of small loans, plans to more than double the number of accountholders this year after forming a partnership with Safaricom Ltd., East Africa’s biggest mobile-network operator.
“This is providing an opportunity to open at least 5 million new accounts by the end of the [...]

Emmanuel Okoegwale
Principal Consultant at MobileMoneyAfrica.
Advisory board member at FrontlineSMS Credit – USA
Africa center for mobile financial inclusion,UK
As we approach the Central of Nigeria’s licensing regime for mobile money providers in Nigeria, what is increasingly becoming clearer is that the race belongs to those providers that can quickly roll out a well connected, efficient and effective [...]

MTN Uganda and United Bank for Africa today signed a landmark partnership agreement establishing UBA as the first financial institution to become an MTN Mobile Money agent.
MTN Uganda Chief Executive Officer Themba Khumalo and UBA Managing Director Margaret Mwanakatwe signed the agreement in the UBA Boardroom in Kampala, opening up UBA to close to a [...]

Ayodele Deen-Cole
Business people in Sierra Leone will now have the opportunity to enjoy the new “Splash Pay” service which was recently introduced by splash mobile money transfer company. ‘Splash Pay’ services gives users of splash money system the opportunity to make payment for goods and service at any merchant [...]

Visa Inc. has announced its intention to invest £6.6 million in London-based mobile banking and payments service provider Monitise plc to increase its stake to 14.4%. Earlier the company has announced that the existing agreement with Monitise was prolonged to 2015.
Last June Visa invested $13 million in the company by signing a 5-year strategic [...]

The US will leverage her technology by importing innovations from Africa as part of the Obama Administration’s bid to strengthen relations with the continent.
Citing the M-Pesa evolution, US Under Secretary of State for Public Diplomacy and Public Affairs Judith McHale said her country’s economy could benefit by importing the revolutionary mobile money transfer system from [...]

Nidhi Subbaraman
Thanks to a mobile banking system launched last month in Senegal, people with no previous access to bank accounts were able to watch the World Cup via satellite services that they paid for electronically with a few taps on a mobile phone. The service is a clear sign that mobile banking is taking off [...]

Simon Russell
www.bizcommunity.com
Twelve years ago the retail banking industry thought the end of ‘bricks-and-mortar banking’ era was close, with the introduction of mainstream internet banking. However, this did not materialise as banks in their quest to differentiate, realised the value of the branch in the selling process and its necessity for customer acquisition and authentication.
The internet [...]

uniBank Ghana Limited, one of the vibrant indigenous banks in the country, intends to roll out more e-zwich Automated Teller Machines (ATMs) which will be located at strategic places in the country, beginning this month.
Though the bank will not disclose the areas that the ATMs will be sited, CITY & BUSINESS GUIDE gathers that they [...]