Category Archives: South Africa

Closing arguments in mobile money patent infringement case

February 20, 2012   Editor   No comments
Flag of South Africa

Barry Bateman The North Gauteng High Court in Pretoria on Monday heard closing arguments in a patent infringement case. Tech-development company 3M Future Africa accused Standard Bank and MTN of stealing their idea and passing it off as their own. In court, arguments centred on the functionality of the system and whether it infringed on

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South Africa: Firm Up for Mobile Innovation Award

February 17, 2012   Editor   No comments
Flag of South Africa

South African mobile services company Oltio has been nominated in the “best mobile money innovation” category at the annual GSMA Global Mobile Awards for its payD platform, which turns a user’s mobile phone into a remote point-of-sale device. Oltio is a joint venture company between pan-African mobile network operator MTN and Standard Bank. Through the

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Buy electricity using your cellphone in Swaziland

February 17, 2012   Editor   No comments
7806394-human-hand-holding-and-giving-cash-money-on-mobile-phone

MBABANE – Consumers will now be able to buy electricity vouchers through their mobile phones using the Mobile Money (MM) service. Swazi MTN has already made it possible for people to enjoy this convenience and can purchase electricity vouchers of any amounts that are offered by Swaziland Electricity Company (SEC). During the tour of the

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Standard Bank’s INSTANT MONEY money transfer solution shows strong growth

February 17, 2012   Editor   No comments
Flag of South Africa

Standard Bank’s INSTANT MONEY money transfer solution shows strong growth Money transfer sector in SA expected to boom in 2012. Amid reports of failing currencies and economies, as well as the credit crunch, South Africans are sending money home – stacks of it. That’s if the current growth of Standard Bank’s INSTANT MONEY transfer product

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MobiPay secures DBN financing in Namibia

January 30, 2012   Editor   1 Comment
namibia

The Development Bank of Namibia (DBN) says that MobiPay, a recipient of DBN finance, is simplifying and improving life for Namibians and their communities by developing transaction systems for mobile devices. The dream of establishing MobiPay was born when partners in Aantu Investments, Amos Shiyuka, Claus Deckenbrock, Sedrick van Turah and Dee Sauls, saw similar

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FNB’s bank App gets R1.5bn in deals

January 25, 2012   Editor   No comments
FNB LOGO

Since the launch of its Banking Application (App) on the 20th July 2011, the first and only transactional banking App in South Africa, First National Bank (FNB) has seen over R1.5billion in transactions via the Banking App. “Since launching six months ago, we have 100,000 active clients, far exceeding our expectations. It has been one

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FNB’s mobile eWallet available to non-account holders

January 23, 2012   Editor   No comments
FNB

South African consumers will now be able to use their cellphones to shop and do banking – even if they don’t have a bank account. This is as a result of a partnership between First National Bank and retail store PEP which makes the bank’s eWallet money transfer solution available at PEP stores countrywide. CEO

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Mobile money services make a mark in Botswana

January 18, 2012   Editor   No comments
7806394-human-hand-holding-and-giving-cash-money-on-mobile-phone

MODIRI MOGENDE The Botswana Gazette Six months after the concurrent launches of Mobile money services in Botswana by both Mascom and Orange, the network operators are happy about the prospective opportunities that are provided by this new market that enables them to tap into the unbanked population. In fact, the positive reception has been surprising.

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Mobile banking explodes

January 18, 2012   Editor   No comments
Flag of South Africa

www.iafrica.com First National Bank (FNB) announced on Wednesday that its Cellphone Banking channel processed in excess of 25 million transactions in December 2011 with a transaction value of over R2.7-billion, compared to R1.7-billion seen in December 2010. The bank has more than 3.5 million Cellphone Banking users. Ravesh Ramlakan, CEO FNB Cellphone Banking Solutions, said

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South Africa: Absa Trials Payments Via Mobile Phone

January 10, 2012   Editor   No comments
Flag of South Africa

Banking group Absa conducted South Africa’s first live user trial of Near Field Communication (NFC) technology on mobile phones in December, with 500 of the bank’s staff members using the technology in a commercial environment. The bank partnered with global financial services provider Mastercard to embed the Paypass Tap and Go payment chip on cellular

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