Capital FM Safaricom has launched a one-month MPESA promotion which will reward customers who top up their airtime through the money transfer service. For every M-PESA top up made up to a cumulative maximum of Sh1,000 daily, customers will get a 10 percent bonus airtime. The promotion runs through the month of May. “Despite the
Category Archives: East Africa
Uganda: URA Unveils New Tax Payment System
ULIUS BUSINGE The Independent Uganda Revenue Authority has partnered with Warid Telecom and Orient Bank to start collecting taxes on mobile phones. Customers on Warid telecom who use the M-pesa (mobile money facility) can now go to their mobile phone menu, access URA services menu and then follow the prompts. The money paid will directly
Somalia Telecoms: Cashless doesn’t mean broke
The Africa report Somaliland’s mobile money-transfer system, Zaad, has gained hundreds ?of thousands of customers, bringing convenience to a territory that lacks ?a formal banking system, but not potential customers. Flicking through a stack of dirty Somaliland shillings after coming up short to pay for a car wash, Asad Egeh, a legal advisor, asks: “Does
PBZ to introduce mobile money transfer services
The People’s Bank of Zanzibar (PBZ) plans to introduce mobile money transfer (Z-Pesa by Zantel) due to the increase in the number of mobile money users and transfers. “The installation of the mobile system has been completed and what remains is finalization of some logistics with regulatory bodies,” said Juma Hafidh, Director of Marketing and
Zambia: Power Outrage Affects MTN’ Mobile Money Transactions
MTN subscriber’s using Mobile Money Transactions (MMT) has suffered a sit back. They can’t use the facility due to a power outrage that has left a Kaoma resident stranded because her transport was sent through MTN’s Mobile Money Transactions. MMT customer care representative confirmed on Saturday, April 28 that they had a power outrage which
KRA to Tax Mobile Money Transfers
By Nick Walubengo PesaTalk.com The Kenya Revenue Authority could soon be taxing all transactions you make on your mobile money account, the tax man has announced. Speaking while releasing the KRA’s third quarter revenue performance Commissioner General John Njiraini said they were considering taxing the transactions to increase their revenue base. This would effectively see
Kenya: Police Hunting Down Migori M-Pesa Robbers
MANUEL ODENY THE STAR Police have released the registration number of the vehicle used by three robbers who stole Sh250,000 and injured two M-Pesa agents in Migori at the weekend. Police said the vehicle, a silver Toyota probox registration KBN 031X was driven towards Kisii town after the robbery incident. “We are still running a
Fraud slows down uptake of mobile money payments
David Mugwe Business Daily Africa The fear of losses through fraudulent transactions has made companies hesitant to take up mobile phone payment systems, a survey by consultancy firm Financial Sector Deepening (FSD) has established. Interviews with 75 businesses in Nairobi, Limuru, Kisumu, and Nakuru showed that companies mostly fear that fraudulent customers can request reversal
MobiKash to replicate M-PESA, AIRTEL Money with 24 hour availability at PesaPoint ATMs countrywide
MobiKash is counting on a deal signed with PesaPoint Limited, Kenya’s largest independent ATM network, to replicate the success of rivals M-PESA and Airtel Money in providing its customers the critical 24 hour service availability. The deal will see MobiKash, the network-independent mobile money service provider launched July last year; become the third Mobile Money
Mobile money deposits jump to Sh176 billion in Kenya
GEORGE NGIGI Business Daily Africa. Cash deposits held by mobile phone money transfer providers have grown to more than Sh176 billion, equivalent to a tenth of the Sh1.5 trillion held by commercial banks. New data released by the Communications Commission of Kenya (CCK) shows that mobile money deposits rose by 50.6 per cent in the
