Gugulethu Mfuphi Why Vodacom’s M-Pesa has gotten off to a slow start in SA. JOHANNESBURG –Despite Vodacom (JSE:VOD) and Nedbank (JSE:NED)’s mobile money platform M-Pesa failing to live up to their expectations for the product in SA they believe they can change this. Grant Brewer, Ernst & Young IT Advisory Leader, reckons the slow uptake
Mobile Money Innovation Draws World Attention
Mukhisa Kituyi The Brookings Institution in Washington has been playing host to a top-level conference effectively celebrating Kenya. Governors of central banks, top executives from The World Bank, State Department, US Treasury, White House, Bill and Melinda Gates Foundation, and leading universities assembled to examine how to expand financial inclusion using new technologies. Yet, at
Ghana and Nigeria poised for mobile banking revolution
West Africans will soon start to experience the benefits of mobile banking, bringing on board millions of people that have been excluded from financial services. The AITEC Banking and Mobile Money conference will next month bring to Accra the world’s top experts on mobile banking just as several countries in the region are merging their
SOUTH AFRICAN PAYMENT INNOVATION BRIDGES BOTH DEVELOPING AND DEVELOPED WORLD
Seamless remittance transfers battle it out with NFC and eWallets says mimoney designer Payment innovation in South Africa bridges the imperatives of both the developing and developed world. This is the view of Ngoni Simelane, head innovation of mimoney and INSTANT MONEY payment solutions, powered by Standard Bank. “While there is a drive in the
GTBank Inaugurates Mobile Money Services with MTN.
As part of efforts to render efficient services to customer, Guaranty Trust Bank (GTBank) Plc has introduced a mobile money product in a world-class partnership with MTN to the Nigerian Market. The Acting Managing Director of GTBank, Mr. Segun Agbaje, said Thursday that the introduction of the product was pursuant to an approval-in-principle granted by
Orange enters mobile money deal with Equity
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
