Focus is on mobile banking to win retail clients, writes Sure Kamhunga MIKE Brown, the CEO of Nedbank , is confident that he will surprise shareholders with a performance that will better what he achieved after completing his first year as head of SA’s fourth-largest listed banking group. In the year to December last year, diluted headline
COMVIVA APPOINTS SRINIVAS NIDUGONDI TO HEAD MOBILE FINANCIAL SOLUTIONS
Comviva, the global leader in providing mobile solutions beyond VAS, today announced the appointment of Srinivas Nidugondi as Vice President, Mobile Financial Solutions. Srinivas brings extensive experience in mobile banking, having until recently served as Head of Internet Mobile Platform, New Product Development & Mobile Payments initiatives at ICICI Bank. As the head of
DigiMo Pioneers First True Mobile Payment Solution
Mobile payments breakthrough requires no software or hardware change to point-of-sale or mobile devices, ensuring rapid deployment at minimal cost. DigiMo announced today the completion of its development of a new platform providing the first true mobile payment solution. The solution requires no hardware or software modification at either the Point-Of-Sale (POS) or mobile device itself,
Absa’s CashSend boosts cellphone banking usage in SA
Mzwandile Jacks Absa’s CashSend transactions were now averaging 78000 a month, proving successful the bank’s strategy of taking banking to the masses, South Africa’s biggest retail bank has said. This is a claim that can easily be made by the other three big banks because cellphone banking has surged in the past year as
First Capital Plus to offer mobile phone banking
Beginning this month, customers who subscribe to the mobile banking services of First Capital Plus would start receiving periodic reports of their accounts status on their mobile phones. Director of Media and Communications at First Capital Plus, a fully Ghanaian-owned non-banking financial institution told Adom News the new service was to make it more convenient
Banking Services Redefined Through Mobile Banking
Innocent Wemesa In an age when mobile and online functionality is part of almost any financial services package, front-end delivery is undergoing a far-reaching transformation. The financial services sector is beginning to feel the impact of the new generation of ‘digital natives’, who have never experienced life without the Internet and mobile devices. They have
Developing Mobile Payment and Agency Banking Risk Mitigation for Nigeria.
Emmanuel Okoegwale Principal Associate – MobileMoneyAfrica As mobile Money providers await the Central Bank of Nigeria’s final licensing regime, stakeholders are bracing up to take a share of Africa largest mobile market with more than 80 million subscribers and probably may also be Africa’s most unbanked with less than 28 million bank accounts
The Central Bank of Afghanistan Issues First Electronic Money Institution License to M-Paisa
The Central Bank of Afghanistan today announced it hasissued Afghanistan’s first electronic money institution (EMI) license to M-Paisa, Afghanistan’s first mobile money transfer service. M-Paisa was introduced by Roshan, a telecommunications service provider in the country, to expand access to safe, secure and transparent financial services for the unbanked population of country. “Today, we are
Mobile money can be replicated across globe
Michael Joseph Mr Joseph is the World Bank Group’s first fellow and was previously the CEO of Safaricom. Mobile money has gone viral. In Kenya there are now more than 15 million mobile money users, which is equivalent to three in four adults. The company I was heading until last November, Safaricom has developed
MTN Rwanda promises more apps for its e-cash service
Berna Namata MTN Rwanda plans to develop more applications on its mobile money transfer service to allow more transactions and tap into the booming demand for the facility. The firm announced it had transferred over Rwf12 billion ($201 million) since its launch last year with an estimated 6,000 transactions carried out daily. It has
