Okuttah Mark Telkom Kenya’s Orange has entered into a partnership with Equity Bank to use the bank’s 2,300 agencies across the country for its money transfer service as it seeks to draw more clients. At the moment Telkom Kenya has 450 Orange money agents across the country which has curtailed easy access of its services,
Vodacom’s M-PESA reaches 3000 outlets nationwide
Savious Kwinika ITNewsAfrica. Vodacom’s mobile money sending and receiving service, M-PESA, has reached more than 3000 outlets nationwide, a senior official told ITNewsAfrica.com on Thursday. “M-pesa is a Vodacom service in partnership with Nedbank,” said Vodacom Group Executive Head for Corporate Communication, Nomsa Thusi. ”It makes it easy to transfer funds from one person to
No more extension for mobile money operators –CBN
Emma Okonji Independentngonline The Central Bank of Nigeria (CBN) has said that there would be no further extension of the May 31 deadline given to Mobile Money operators to put their houses in order. The apex bank insisted it would go ahead with its auditing procedures at the end of May and would come out
Mobile money hits textile firms
Welcome Dlamini Swazi MTN yesterday celebrated World Telecommunications and Information Society Day by taking the newly-launched Mobile Money facility to factory workers in Matsapha. Over 200 workers at Kasumi Apparel (formerly Proton textile) were taught about the benefits of registering under the service. MTN Chief Executive Officer Ambrose Dlamini said the decision to focus
M-Pesa disappoints for Vodacom SA
Duncan McLeod, TechCentral Mobile money platform M-Pesa has failed to live up to Vodacom’s expectations for the product in SA, Pieter Uys, the group’s CEO, has admitted. Vodacom has registered “more than” 100 000 M-Pesa users in SA since its launch in August 2010, but says this has fallen short of its expectations for the
Mobile money firms plot entry into Kenyan market
By Griffins Omwenga and Kui Kinyanjui Three international mobile payment firms are plotting an onslaught on the Kenyan market in the hopes that they would spur e-commerce ventures in the country. InMobi, Pay4Me and MoMagic have announced that they would launch their services in the next few months to help people pay for goods and services
Tigo Cash – Africa’s latest mobile money service
Tigo Rwanda, a telecom brand owned by Millicom Cellular International (MIC), on Friday launched its mobile money services in Rwanda, targeted at subscribers with limited or no access to banking services. Tigo Rwanda is the second mobile company to launch such a service after South Africa-based MTN’s local unit launched its mobile money product in
ABSA targeting Africa’s unbanked
Branchless banking is set to play a pivotal role in the drive by South Africa’s largest retail bank ABSA to reach the unbanked in the 12 African states in which it operates. ABSA CEO Maria Ramos says Africa has vast economic potential and is an important part of the strategy of the group’s UK parent,
IFC evaluates investment in Nigeria’s mobile money market
Dayo Oketola The International Finance Corporation may invest in the Nigerian mobile money industry if it is satisfied with the result of the due diligence it is currently carrying out on the industry. Our correspondent gathered that the IFC was keen to play a major role in the country’s emerging mobile money ecosystem and was
Mobile cash transfer hailed
Samuel Kamndaya Introduction of mobile phone money transfer services is a sure way of taking rural communities out of poverty, a banker has said. The National Bank of Commerce (NBC) managing director, Mr Lawrence Mafuru said in Dar es Salaam during the weekend that Vodacom, Airtel, Tigo and Zantel deserve a pat on the
