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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txtNation and Failsafe Payments Certo Payment Gateway are proud to announce a partnership today that adds additional 70 new markets for Certo Payment Gateways online mobile Billing coverage through a new partnership with Telco Mobile billing provider txtNation’s award winning JunglePay service.
This new partnership enables customers in a total of over 70 markets to purchase [...]
The GSMA announced the details of a further seven grantees from the Mobile Money for the Unbanked (MMU) Fund, which is administered by the GSMA Foundation, Inc., with funding from the Bill and Melinda Gates Foundation. New grantees are Cellcard in Cambodia, Digicel in Fiji, Orange in West Africa, Safaricom in Kenya, Tata Indicom in [...]
Austin Beyadi
ZAIN’S mobile banking service ‘ZAP’ will now allow Real Insurance customers to pay their insurance premiums through the service to enable customers manage their time more efficiently.
Speaking in Dar es Salaam today, Zain Tanzania Customer care Director, Ms Irene Mlola said that Zain Tanzania had always been at the cutting edge of technology in [...]
News from GSMA Mobile Money Summit.
Richard Mwami, head of MTN Mobile Money in Uganda, questioned the necessity for operators to gather ID information from customers who make only small transactions, a current feature of banking regulation in many countries which operators believe is an obstacle to signing up new mobile money customers.
“All customers must be [...]
Daily Graphic
Major telecommunications operator, Glo Mobile, intends to pull out of Ghana, an authoritative source close to the company has disclosed.
The Daily Graphic gathered over the weekend that the telecommunications giant had decided to divest its investment in the country and exit Ghana as it faced several challenges from some interests bent on sabotaging the [...]
Uganda, a subsidiary of South Africa’s MTN, expects users of mobile money services to grow by three-quarters by 2012 giving people in rural areas the chance to build businesses and safely transfer money.
‘It has grown to a scale we never expected,’ Richard Mwami, head of mobile money at MTN Uganda told Reuters ahead of the [...]
By Samuel Gichohi.
Through M-Kesho, the instant access to an Equity Bank account will definitely further the bankability of ordinary Kenyans.
Following the recent flurry in branch expansion, banking the unbanked, SME targeted banking products, mobile money transfer, not to mention ATM proliferation and of course the advent of credit referencing bureaus in Kenya one would have [...]
By Madinah Tebajjukira
THE parliamentary committee on information technology will next week meet the Uganda Communications Commission (UCC) over the mobile money transfer services offered by telecom firms.
Igeme Nabeta, the committee chairperson, explained this week that his committee had already held a meeting with the Bank of Uganda over the matter.
The Central Bank reportedly said it [...]
By Karen J. Bannan
Slow to catch on in U.S., trend gains momentum
With nine out of 10 American adults owning a cell phone, it’s not surprising that a growing number of companies are creating payment options that take advantage of the ubiquity of cell phones, some of which may make credit cards obsolete.
These companies aren’t pulling [...]
Kennedy Kachwanya
The launch of M-Kesho has left many bloggers and analysts asking how is Safaricom going to gain on the whole arrangement. From the look of it, it seems Equity has made a big coup in the mobile banking and now strategically placed to reap from almost 9.5 million Mpesa users and 15 [...]
