VICTORIA RUBADIRI A Kenyan ICT firm has launched an e-ticketing product, where passengers can book and pay for bus tickets online from Internet enabled computers and mobile phones. The online bus ticketing system dubbed eManamba www.emanamba.com, is the brainchild of logistics company Sakura Sanmic Investments Company that allows passengers to schedule enquiries, reserve seats and
Absa takes branchless route to reach the unbanked
The battle for SA’s 13million unbanked customers is heating up. Absa is testing a “branchless” option similar to Standard Bank’s “bank shops” model that uses 7500 spaza shops, retailers and local dealers to offer cheap banking to the lower end of the market. Daphne Motsepe, Absa’s CEO of unsecured lending, said branchless banking would eliminate
DStv Joins MobiPay in Namibia
AUGETTO GRAIG CHANGING THE GAME: MobiPay Board Chairman Cleophas Mutjavikua said cell-phone financial solutions are changing the game for the Namibian financial sector at the launch of MobiPay and DStv’s payment solution partnership. Taking Namibia closer to a ‘cashless society’ MobiPay Director Amos Shiyuka on Wednesday announced its latest partnership with DStv which allows for
Comviva bets on mobile money and recharge solutions across growth markets
Comviva’s mobiquity platform delivers mobile financial services to over 230 million mobile subscribers in more than 20 markets across Africa, Asia, Latin America and the Middle East. Mobiquity is currently live or being deployed by 38 service providers globally. With 54 deployments, PreTUPS powers recharge for 520 million mobile subscribers worldwide. PreTUPS handles 11 million
Vodacom rings changes with its M-Pesa service
Business Report Asha Speckman Vodacom will target a new market segment to grow its M-Pesa cellphone money service after a dismal start six months ago. Pieter Uys, Vodacom’s group chief executive, said last month at the cellular network operator’s year-end results that M-Pesa’s launch in South Africa had been “disappointing”, compared with other countries
Visa buys Fundamo for $110m
ITNEWS International payment giant Visa scoured the globe before deciding to invest $110 million in Cape Town-based payment solutions company Fundamo, in a bid to lead the mobile money race. The global payment technology company’s deal is expected to turn the world’s attention to SA for technological innovations within this space and spur competitor
Orange launches Mobile money in Botswana
Mobile phone operator, Orange Botswana launched it new innovation Orange Money. The new money transfer service which was revealed to the media yesterday (Monday) is a first for Botswana. Orange defined the new service as ‘an innovative, simple, fast, secure and affordable electronic means of payment based on a mobile phone.’ Orange’s CEO, Elisabeth
Ecobank Partners Airtel on Mobile Banking
Ecobank Transnational Incorporated and Bharti Airtel Telecommunications Company Monday signed a Memorandum of Understanding (MoU) to promote mobile banking services across Africa. The agreement which was signed in Lagos, according to both parties, is to facilitate the development of innovative mobile financial services focused both on serving the unbanked and under-banked and contributing to the
Tigo Cash Ghana introduces new TV commercial
Tigo Ghana has said its Tigo Cash mobile money transfer service is the only one that allows subscribers to send money to loved ones and business associates on other networks. This was contained in a statement that announces the newly introduced TV commercial about the cross-network Tigo Cash service. The statement said “Tigo cash as
A Chat with Nir Shimony, VP Marketing DigiMo
What are the needs of the market that Digimo will serve that is different from what currently obtains in the market space? Currently, in the market, there are several mobile payment solutions for actually using the mobile handset to pay at the merchants’ point of sale. As far as we see it, non of
