Category Archives: East Africa

Zantel Tanzania Rebrands Mobile Cash Service Z-Pesa as EzyPesa

February 22, 2012   Editor   No comments
Tanzania

Zantel Tanzania Rebrands Mobile Cash Service Z-Pesa as Ezy Pesa, Adds Salary Access Option, Microinsurance, Linkage to CRDB Bank Accounts. Zantel Tanzania, a telecommunications company owned by Etisalat of the United Arab Emirates, has launched the “Ezy Pesa” mobile payment service, a re-branded version of its Z-Pesa service. The upgrades from Z-Pesa include the ability

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Fraudsters invade the growing mobile phone money transfer sector

February 21, 2012   Editor   No comments
Rwanda Flag

BY XINHUA Newtimes Rwanda Kenya is grappling with an increase in mobile phone related crimes as the number of subscribers and users of money transfer services rise in the country. Con men have invaded the sector targeting mobile phone subscribers and money transfer service users, who according to the Communication Commission of Kenya (CCK) stand

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Visa to start mobile money transfer

February 19, 2012   Editor   2 Comments
VISA

MUTHOKI MUMO The Nation, Kenya Competition in the mobile money transfer market is set to intensify, with the launch of a cross-border mobile money platform by electronic payments processor Visa. The platform will be available to all mobile users irrespective of their network, breaking the current barrier where restriction based on network has slowed uptake.

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Kenya: M-Pesa Fraud Cases on the Rise in Embu Town

February 17, 2012   Editor   No comments
KENYAN FLAG

Police in Embu yesterday cautioned residents against rising theft of money from M-Pesa agents, saying Sh1million had been stolen last month. Embu police boss Gasper Makau said yesterday Best Solution M-Pesa agent was conned of Sh50,000. Makau said an M-Pesa account holder Newton Muthuana, who was travelling from Runyenjes to Embu town, received a message

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Tanzania’s Vodacom adds 4m users

February 17, 2012   Editor   No comments
Tanzania

By: Reuters DAR ES SALAAM – Vodacom Tanzania, part of South Africa’s Vodacom Group, said on Friday it had boosted total users by a third last year and will spend about $94-million over the next year-and-a-half to expand network and data services. Rene Meza, Vodacom Tanzania’s MD, said the increase in users came from new

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FNB launches ‘e-wallet’ in Zambia

February 17, 2012   Editor   No comments
zambia

Michael Malakata ITWEB First National Bank (FNB) has introduced its “e-wallet” service in Zambia, enabling FNB customers to transfer money to anybody’s cellular phone. Recipients of the money transfers do not need a bank account or auto teller machine card to withdraw the cash that an FNB customer has sent them. Zambia, like other African

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M-Pesa linked to rise in inflation in Kenya

February 17, 2012   Editor   1 Comment
KENYAN FLAG

George Ngigi Business Daily Africa Increased uptake of M-Pesa, Kenya’s dominant money transfer service, has fuelled inflation as the service grew large enough to influence implementation of monetary policy, an African Development Bank (AfDB) research claims. AfDB holds that financial innovations such as M-Pesa have increased the pace of monetary transactions while increasing cash in

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Mobile money slowly turning East Africa into cashless society

February 12, 2012   Editor   No comments
KENYAN FLAG

GAAKI KIGAMBO The East African Ali Ndiwalana, an IT specialist, had just finished an interview with The EastAfrican at Dormans Coffee House in Kampala, just across where he works, when he handed the waiter a Ush50,000 ($20.80) note in payment for a forest cake and two sodas taken in the course of the conversation. The

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‘Mobile Money’ transfers hit Rwf 45 billion mark in Rwanda

February 12, 2012   Editor   No comments
Rwanda Flag

Frank Kanyesigye The New Times About Rwf45 billion has been moved through the ‘Mobile Money transfer facility since MTN Rwanda introduced the services. Albert Kinuma, the Head of Mobile Money at MTN, told the Sunday Times that the telecommunication company had made a tremendous step in mobile money services. Kinuma’s remarks follow the ongoing campaign

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Uganda: Airtel’s Mobile Money Entry U.S Competition

February 07, 2012   Editor   1 Comment
AIRTEL

EMMA ONYANGO Allafrica.com The entry of Airtel Uganda into the Mobile Money platform is set to generate renewed innovativeness that could yet again send ripples across Uganda’s telecom sector. Early last week, Airtel launched it’s mobile money platform dubbed ‘Airtel Money’ that will enable Ugandans to access liquid cash and convert it to e-money in

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