“Unless banks change and adopt this technology, there will not be anything like retail banking in 10 years,” said Mr Joseph, outgoing CEO at Safaricom during a partnership signing ceremony between Safaricom and Barclays Bank of Kenya. I believe Mr Joseph was stingy with words and what He meant to say was like the Biblical
Category Archives: Contributions
Mobile Payment: Open letter to Mallam Sanusi Lamido (Central Bank Governor, Nigeria)
Taiwo Olaoye taiwo.golaoye@yahoo.com NY, USA Dear Sir, There is Mobile payment in war torn Afghanistan and Somaliland. Why not in Nigeria? With all due respect to you sir, we are aware of the inherited banking troubles and your numerous efforts to help the economy grow, the long delay in issuing mobile payment approval is uncharacteristic
Judge Dismisses MShift’s Patent Infringement Suit Against Intuit Over Mobile Banking
In a ruling that will affect hundreds of credit unions, a federal judge agreed Friday to dismiss a suit by MShift claiming that Intuit Financial Services, formerly Digital Insight Corp., is infringing on its patent for mobile banking. Scott Moeller, president and founder of MShift, immediately vowed to appeal the judge’s ruling granting the defendants,
WePay is the anti-PayPal
By Jennifer Alsever CNNMoney.com Look out, PayPal. Two young entrepreneurs are gunning for you. Inside a Palo Alto, Calif., building that once housed PayPal headquarters, the upstarts — Rich Aberman, 25, and Bill Clerico, 24 — are growing a new online payments company. Their investors include PayPal cofounder Max Levchin. Their mission? Poaching part of
Microfinance Institutions Should rethink their Mobile Banking Go to Market
Ramzi El Fekih Creova CEO Email: ramzi@creova.com Abstract: This article targets MFIs encouraging them to go beyond the current regulatory and distribution hurdles. It invites them to put their faith in the hands of CREOVA which expertise and experience -as a pioneer- would be the guarantee to success. The article laid down arguments that each
Can Mobiles Benefit Nigerian Micro Finance Banks?
Micro Finance Institutions in Nigeria though still struggling to get a piece of the pie from stronger and more capitalized commercial Banks, but some are still coming up with impressive returns in the last few years. More than 840 MFI’s are currently operating in the Nigerian market space while many others are getting ready to
Creating New Revenue Streams With the Mobile Channel
Jeppe Dorff The following is part of a series of articles on mobile financial services written by Clickatell. To read the full series, please visit http://www.clickatell.com/solutions/financial.php Does past experience combined with the current global financial setting provide insight for creating a successful mobile business model? Since the late 1990’s analysts have asked how and when
Kenyan Banks find it hard to detach from M-Pesa
By kachwanya Mobile banking, powered by cell phones, has become a big success story in Kenya and the whole world now talk about it. But this has been basically the M-Pesa story and the banks trying to emulate the same have had very little success so far. Mobile banking utilizes technology which enable bank customers
Mobile Money Agent Network Potentials in Nigeria
Nigeria with only 18 million Bank accounts and 62 million Mobile Phone subscribers is posed to be Africa’s biggest market for Mobile Money in coming months.Despite the late start of Mobile Money in Nigeria, the strong compelling needs of the millions of unbanked populations will propel it to enviable heights that will surpass kenya’s seemingly
Can MobileMoney accelerate mgovt in Africa?
The basic cornerstone of good governance are quality of service, quick response mechanism and above all, accountable and transparent process mechanism but the existing systems does not reflect any of these in any of its activities across all sectors and arm of government in Africa. Mobile Government is extending the concept of government further with
