Eric Savitz FORBES Guest post written by Theodore Iacobuzio Theodore Iacobuzio is a vice president at MasterCard Worldwide, where he leads the Global Insights group. We are on the verge of one of the biggest changes in decades in how we pay for goods and services. For the first time since the 1980s, what we
Dubai: mPay offers auto-payment facility
Khaleej Times Dubai eGovernment has added new features to its mobile payment gateway, mPay, which will speed up the transaction of government fees or charges. A number of government entities are currently using this service, which covers Salik recharge from the RTA, payment of traffic fines from the Dubai Police and payment of electricity bills
Kenya: Local Airline, Cellulant Partner to Launch ‘KQ Mobile’
CAPITAL FM Kenya Airways, in conjunction with local IT firm Cellulant, has launched a new mobile technology platform that will enable the airline’s customers to enjoy enhanced interactive services. Kenya Airways now becomes one of the first airlines in Africa to deliver a mobile phone-based solution as part of its customer service information enhancement programme.
PesaPoint, Safaricom working on an ATM based service that will to enable M-PESA users interact with their bank accounts
Kenya’s largest independent ATM network- PesaPoint Limited – is said to be in advanced stages of testing a system that will make it possible for M-PESA users to directly interact with their bank accounts. The systems, said to have been developed by PesaPoint working hand in hand with Safaricom’s M-PESA division will be revolutionary in
Many Competing Paths on the Road to the Phone Wallet
By JOSHUA BRUSTEIN The NewYork Times The idea of using a smartphone as a wallet has been slow to catch on in the United States. A big part of the problem has been that most stores do not have the proper physical equipment to allow customers to pay by tapping their phone. These stores also
Airtel money partners with Faulu Kenya
Michelle Tongo Bikyamasr Bharti Airtel Kenya and Faulu Kenya have unveiled a new service ‘Faulu Airtel Kopa chapaa Service’ that will see Airtel Money customer’s have access to cash on their handsets via Airtel Money. Shivan Bhargava, MD at Airtel Kenya said that, “Airtel is focused on delivering innovative world-class mobile solutions. This partnership will
MobiCash’s mobile financial service has launched today MCash in Uganda in partnership with Housing Finance Bank (HFB).
M-Cash is under the Housing Finance Bank’s umbrella in Uganda to bring new service delivery channels to all Ugandan citizen. MCash’s inherent independence from mobile network operators offers an attractive business model that offer to Housing Finance Bank various alternative channels to bank the unbanked and service efficiently the under-served. The excitement on this new
Vodacom Express Recharge makes buying airtime easier
ITNEWS AFRICA Vodacom customers can now buy airtime, data bundles and SMS bundles using their debit, cheque or credit cards via their mobile phones. Customers who bank with Absa, Standard Bank and Nedbank will be able to use this service to buy Vodacom Prepaid or Top Up airtime for themselves or for other mobile phone
Kenya: Airtel mobile loan deepens telcos’ foray into finance
Okuttah Mark Business Daily Africa mokuttah@ke.nationmedia.com Airtel Kenya marked telecommunication companies’ deepening foray into the financial sector with the launch of a mobile phone loan facility in partnership with Faulu Kenya, a microfinance provider. Subscribers to Airtel Kenya’s mobile phone money transfer service, Airtel Money, will get loans ranging from Sh100 to Sh10,000 through the
Bond buying Kenya style – at the tap of a mobile phone
BY REUTERS For the average Kenyan, buying government debt could soon be as simple as paying for groceries at the supermarket: that is, with the tap of a few buttons on their mobile phone. This is the premise behind a project about to be launched by the World Bank and Kenyan regulators that aims to
