Obopay and Star Network to enable real-time mobile account to account transfers
Obopay, the pioneer in mobile money solutions, today announced an agreement with the STAR Network through which Obopay will incorporate the STAR Expedited Transfer Service – which enables real-time transfers between STAR accounts – into its own Mobile Money for Banks offering. STAR is a First Data company and a leading debit network. [...]
KCB starts online pay system for tourism
KABURU MUGAMBI
Kenya Commercial Bank (KCB) has launched an online payment service to enable electronic tourism take hold, as most bookings and payments are made on the internet.
KCB deputy chief executive, Mr Peter Munyiri, on Thursday said that Kenyan businesses, mostly small, lose millions of shillings because they are unable to use online payment systems.
“Electronic commerce [...]
Is The Rise of Mobile Money Aiding Terrorism?
The GSM Association (GSMA) has reacted angrily to the claim by customer screening software specialist Datanomic Ltd. that operators “offering mobile money transfer services in emerging markets are at risk of inadvertently sponsoring terrorism, money laundering and human trafficking.”
In a press release issued earlier this summer, Datanomic claims that some mobile operators in emerging markets [...]
Somaliland to become the first cashless society
Bob Dylan once said that ‘money doesn’t talk, it swears’, but in Hargeisa the capital of Africa’s Somaliland it stinks. It literally stinks, reeking of rotten paper, like a leaky library in a monsoon.
That’s because there’s so much of it. For every dollar there are almost 17,000 Somaliland Shillings and the highest-denomination note is 500 [...]
Vodacom, Nedbank launch mobile cash service
Reuters.
South Africa’s largest mobile phone group Vodacom is teaming up with Nedbank to deliver a phone-based cash transfer service, similar to a successful service operating in Kenya.
The product known as M-Pesa will initially allow users without access to bank accounts to transfer money using their mobile phones and eventually pay bills and buy goods.
The service [...]
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Zain has expanded its mobile banking service to allow customers in three east African countries to receive money from any bank account in the world, in a tie-up with Citibank and Standard Chartered Bank.
Zap customers will also be able send money to any bank account in Kenya, Tanzania and Uganda.
According to Zain, which has [...]
MobiCash may conveniently be described as the next generation of mobile payment system. When it comes to mobile payment options, nothing is more convenient than MobiCash cell phone payment! MobiCash is changing the rules in the contactless electronic transaction business and generates very large opportunities!
Patrick Ngabonziza Gordon, Founder / CEO, stated: “Think about it: No [...]
Botswana’s telecoms regulator has warned that the vast majority of prepay SIM cards have yet to register their ownership details before a cut-off deadline at the end of this year. According to the Botswana Telecommunications Authority’s Public Relations Officer, Twoba Koontse, just 267,113 subscribers have registered their details.
This represents around 13 percent of the customer [...]
Ghana News Agency
Mr Nvalaye Kouroma, Chief Executive Officer Afric Xpress Ghana, an electronic payment solution provider focused on mobile payments, has said the company is taking steps to increase the number of agents across the country to ensure that many more people benefit from its payment and transfer services.
The company in April signed a [...]
DONNA GORDON BLANKINSHIP
The Bill & Melinda Gates Foundation, best known for its work combating malaria, AIDS and other diseases, this week announced an effort to bring banking, including savings accounts, to the poor.
It may be hard to understand how savings is even an issue for the people who live on less than $2 a day, [...]
South African start up MobiCash has gone live with its contactless mobile payments platform, which allows consumers to carry out secure cashless transactions via their mobile phones.
MobiCash’s technology partner is French company Tagattitude, which has developed a trademark authentication technology dubbed Near Sound Data Transfer (NSDT). The latter enables contactless mobile payments by transmitting an [...]
Zain Nigeria announced the appointment of Alain Sainte-Marie as the company’s new CEO, replacing Bayo Ligali who resigned to pursue other interests after a three-year stint as CEO of the mobile operator. Sainte-Marie will immediately assume leadership of Zain Nigeria. Prior to his appointment as CEO of Zain Nigeria, Sainte-Marie was the MD of Zain [...]
Mohit Agrawal
Mobile Money Transfer (MMT) is a peer to peer form of mobile payment mechanism which has the best prospects for success amongst other forms of mobile transactions. The GSM Association has picked up MMT as a project and is supporting its members in embracing MMT.
The money transfer has been in existence since the time [...]
Ghana News Agency
Amadeus Ghana and e-Tranzact Ghana Limited on Thursday launched a new online booking and payment for travellers and travel agents to make payments online, for travel reservations over a network.
The partnership which started on September 4, 2009 is meant to ease the booking process for both travel agents and travellers, allowing them to [...]
Available for Zain and Africell Mobile Phones; First Mobile Money Service in Sierra Leone
Splash Mobile Money Limited (“Splash”), a leading mobile payment system provider, and MoreMagic Solutions, a leading mobile transactions provider, announced today the availability of Sierra Leone’s first mobile money transfer system, enabled by MoreMagic Solutions industry-leading MWallet platform. Splash customers in Sierra [...]
