Mobile Money is Pan Africa for us at UBA Group – Interview with Arinaitwe,UBA Uganda
Joseph Arinaitwe
Head eBanking
UBA Bank – Uganda
How do You describe Mobile Money in Uganda and the uptake?
In Uganda Mobile is about one half years old with MTN leading the pack followed by Zain (ZAP ,this has since been acquired Bharti Airtel) and M-sente (Uganda Telecom).We are expecting Warid Telecom to shake up the Mobile Money market [...]
Visa has invested £6.6 million in British m-banking provider Monitise
Visa Inc. has announced its intention to invest £6.6 million in London-based mobile banking and payments service provider Monitise plc to increase its stake to 14.4%. Earlier the company has announced that the existing agreement with Monitise was prolonged to 2015.
Last June Visa invested $13 million in the company by signing a 5-year strategic [...]
We Could Adopt Use of M-Pesa, Says U.S.
The US will leverage her technology by importing innovations from Africa as part of the Obama Administration’s bid to strengthen relations with the continent.
Citing the M-Pesa evolution, US Under Secretary of State for Public Diplomacy and Public Affairs Judith McHale said her country’s economy could benefit by importing the revolutionary mobile money transfer system from [...]
Mobile Banking Sees Success in Senegal
Nidhi Subbaraman
Thanks to a mobile banking system launched last month in Senegal, people with no previous access to bank accounts were able to watch the World Cup via satellite services that they paid for electronically with a few taps on a mobile phone. The service is a clear sign that mobile banking is taking off [...]
Will mobile banking change the banking landscape in SA?
Simon Russell
www.bizcommunity.com
Twelve years ago the retail banking industry thought the end of ‘bricks-and-mortar banking’ era was close, with the introduction of mainstream internet banking. However, this did not materialise as banks in their quest to differentiate, realised the value of the branch in the selling process and its necessity for customer acquisition and authentication.
The internet [...]
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Source: FinancialtechnologyAfrica.
The Central Bank of Nigeria (CBN) has stopped the Nigerian Central Switch
(NCS) drive to decree itself into a monopoly in the e-payment sector of the economy. At a
meeting with all the stakeholders in the e-payment, the apex body through its Deputy
Governor, Mr. Tunde Lemo reversed almost all the prayers sought by NCS. Present [...]
Competition in the mobile money transfer business is heating up with the entry of a new money transfer system which allows transactions across Safaricom, Yu, Orange and Zain.
MobilePay, the information technology company behind the Tangaza brand, joins Safaricom’s M-Pesa, Zain’s Zap and Essar Telecom’s yu cash, as the mobile phone becomes the main force in [...]
Emmanuel Okoegwale
Principal Consultant @ MobileMoneyAfrica
Director @ African center for mobile financial inclusion – UK.
Stakeholders in Nigeria were hooked to the hope machine in the month of May, expecting the outcomes of the License approvals from the Central Bank of Nigeria to commence pilots projects for mobile money.June seems to hold much promises but the [...]
Saul Butera
Banque Populaire Du Rwanda (bpr), the Largest Bank By Branch Network in the Country, is Set to Roll out Mobile Banking by the end of August.
The new product will enable the bank’s clients to access banking and financial services using a mobile phone.
BPR’s CEO, Ben Kalkman, said that the ongoing pilot phase is showing [...]
By Walter Wafula
Kampala
The cost of mobile phone banking and the internet (e-banking) is set to drop after Bank of Africa, unveiled a low-cost electronic banking services in the market. The bank has raised stakes for other banks offering mobile and internet banking by lowering the fees paid by individuals to execute transactions on their [...]
Nigeria’s Globalcom (Glo Mobile) is reported to have been granted a mobile operators license in Senegal. The Senegalese licence will also allow Globacom to land its trans-Atlantic submarine cable, Glo 1, in the West African country with opportunities to extend the infrastructure to Mali.
“In line with our vision, Glo will continue to play a major [...]
ZANTEL has the re-launched its mobile banking service ZPesa for its customers in Zanzibar in an effort to revamp its mobile banking services by adding more services that are people centred. Zantel was the first mobile company in Tanzania to launch mobile banking services three years ago and has spread throughout the country.
Zantel Chief Executive [...]
Kevin Mwanza
Branchless modes of banking that target the low end market, like Mpesa and Zap, are 19 per cent cheaper than traditional banking and 54 per cent cheaper than informal forms of banking.
A recent global pricing study report on banking services targeting the poor by CGAP’s, undertaken on 16 leading branchless banking services from 10 [...]
In what promises to be yet another reward for customers loyalty, leading mobile operator, Zain Ghana, in partnership with Silverbird Cinema, has unveiled a new package tagged ‘Movietastic Tuesdays’ to give its customers a total and exciting movie experience every Tuesdays for the next coming months.
Another ground-breaking offer by Zain Movietastic Tuesdays will offer customers [...]
Safaricom Ltd., Kenya’s biggest mobile-phone operator, said full-year profit jumped 44 percent as revenue from data services including MPESA, its mobile money- transfer service, increased.
Net income climbed to 15.15 billion shillings ($190 million) in the 12 months through March from 10.5 billion shillings a year earlier, the Nairobi-based company said in a statement on its [...]
