Miriam Mongare, Mshale News Kenyan-American community and business leaders in Minnesota yesterday got an opportunity to learn more about Western Union’s Mobile Money Transfer (MMT) service to Kenya, at an event hosted by Mshale Newspaper and sponsored by Western Union. Western Union started the MMT service in the United States in the second quarter of
How Haiti is fighting poverty by killing cash
By Margo Conner, Global Envision In Haiti, cash is escaping from wallets and savings accounts are breaking free from brick-and-mortar banks. Two years after 2010’s devastating earthquake, mobile money has taken off in the island nation. While the country has seen setbacks in many areas and continues to struggle, one bright spot is the transformation
Zantel re-launches mobile cash service as competition toughen
The Citizen Reporter Dar es Salaam. Zantel Tanzania has re-branded its Z-Pesa service, a mobile payment service, in a bid to offer better services and withstand competition in the market.Re-launching the service in the city on Wednesday Zantel CEO Ali Bin Jarsh said the new payment service, to be known as Ezy Pesa, has been
Kenya: Emerging Markets Set Stage for Mobile Wallet Shopping
David Mugwe Business Daily. Increased use of mobile money in Kenya has created a ripe environment for the use of near field communication (NFC) technology and other forms of mobile wallets which could be more widely accepted as payment systems compared to traditional ones such as credit cards. Adoption of the alternative payment systems could
UBA:Nigeria ‘ll Achieve Vision 20:2020 with Cash-lite.
ThisDay Last year, Central Bank of Nigeria (CBN) introduced cash-lite economy, aimed at reducing the volume of cash in circulation. With the kick-off of its pilot scheme in Lagos on January 1, 2012, the few banks licensed by CBN have commenced the use of alternative e-banking channels that will boost online financial transactions. Emma Okonji
Ndemo cautions mobile agents in Kenya
Mobile money agents who share customer information with political parties will have their businesses closed down, the permanent secretary of information and communication Bitange Ndemo has warned. He was responding to concerns from the Political Parties Liason Committee that parties have been buying data for use in the ongoing membership recruitment to comply with the
Financial entities urged to tap un-banked people
Victor Karega The Citizen Correspondent Financial service providers in the country have been urged to tap into business potential among consumers who hold no bank accounts.“It’s time local financial providers think of millions of untapped financial services customers. This will boost their services but will also simplify matters for those customers who currently have to
FNB’s bank App gets R1.5bn in deals
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
FNB’s mobile eWallet available to non-account holders
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
Hospitals Now Accept Mobile Money Payments in Uganda
UGANDA ONLINE WARID and Orange Uganda have joined the Mobile Money network to offer money transfer services to their clients. MTN’s Mobile money and UTL’s M-Sente are already in operation with DSTV, Umeme, NWSC among others using this service for customers to settle their bills. At Case Clinic for example, you clearly see a notice
