Credit Agricole Egypt announced that it would be expanding its mobile baking services, the Middle Eastern News service Bawaba reported last week. Credit Agricole Egypt (CAE) announced that they would increase their mobile banking services to include SMS alerts. Bawaba reported that customers would be able to receive short
Category Archives: Special Reports
Comviva bets on mobile money and recharge solutions across growth markets
Comviva’s mobiquity platform delivers mobile financial services to over 230 million mobile subscribers in more than 20 markets across Africa, Asia, Latin America and the Middle East. Mobiquity is currently live or being deployed by 38 service providers globally. With 54 deployments, PreTUPS powers recharge for 520 million mobile subscribers worldwide. PreTUPS handles 11 million
Visa buys Fundamo for $110m
ITNEWS International payment giant Visa scoured the globe before deciding to invest $110 million in Cape Town-based payment solutions company Fundamo, in a bid to lead the mobile money race. The global payment technology company’s deal is expected to turn the world’s attention to SA for technological innovations within this space and spur competitor
A Chat with Nir Shimony, VP Marketing DigiMo
What are the needs of the market that Digimo will serve that is different from what currently obtains in the market space? Currently, in the market, there are several mobile payment solutions for actually using the mobile handset to pay at the merchants’ point of sale. As far as we see it, non of
Over 700 Million Mobile Money Users in Emerging Markets by 2015
According to a new research report by Berg Insight, the number of mobile money subscribers in emerging markets is forecasted to grow from 133 million users in 2010 at a compound annual growth rate (CAGR) of 40 percent to reach 709 million users in 2015. The total value of Mobile Money transactions will simultaneously grow
Vodacom, Nedbank to reinvent M-Pesa
Gugulethu Mfuphi Why Vodacom’s M-Pesa has gotten off to a slow start in SA. JOHANNESBURG –Despite Vodacom (JSE:VOD) and Nedbank (JSE:NED)’s mobile money platform M-Pesa failing to live up to their expectations for the product in SA they believe they can change this. Grant Brewer, Ernst & Young IT Advisory Leader, reckons the slow uptake
Ghana and Nigeria poised for mobile banking revolution
West Africans will soon start to experience the benefits of mobile banking, bringing on board millions of people that have been excluded from financial services. The AITEC Banking and Mobile Money conference will next month bring to Accra the world’s top experts on mobile banking just as several countries in the region are merging their
Former director of the World Bank launches 1st mobile e-commerce and micro-finance platform
How does an immigrant working in South Africa or the USA send $10 home to family in India without 25% of it being eaten up by bank remittance fees? Online PR News – 18-April-2011 –Chicago, IL ( onlineprnews ) April 18, 2011 – How does an immigrant working in South Africa or the USA
MyGlobalPay to Provide TreasureCom’s Mobile and Core Banking Technology in Africa
MyGlobalPay, Ltd, a subsidiary of Chartered Diversified Holdings Limited Liability Company, and TreasureCom Financial Holdings, Inc. (TreasureCom) today announced that MyGlobalPay will become the exclusive representative of TreasureCom in Africa. MyGlobalPay acquired exclusive representation rights in Africa after purchasing TreasureCom’s licenses previously issued to two other African companies based in Cameroon and Kenya. In
Protecting Mobile Money against Financial Crimes
The World Bank Group recently released a new book entitled “protecting mobile money against financial crimes:Global Policy challenges and solutions.” The book is a guide to preserving the integrity of mobile banking, which is revolutionizing the way financial services are delivered to unbanked clients in rural and remote areas. Based on fieldwork in eight markets including
