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 [...]
Mobile Payment and Branchless Banking Risk Management Training – Nigeria
Nigeria continues to experience phenomenal growth in its banking and electronic sectors. The country’s Banks and other companies in the financial sector are continually expanding the products and services they offer to both corporate and individual customers. Nigeria’s
financial institutions are also constantly searching for new, easy and secure ways of enabling their customers to [...]
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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 [...]
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 [...]
