Obopay and Star Network to enable real-time mobile account to account transfers
Obopay, the pioneer in mobile money solutions, today announced an agreement with the STAR Network through which Obopay will incorporate the STAR Expedited Transfer Service – which enables real-time transfers between STAR accounts – into its own Mobile Money for Banks offering. STAR is a First Data company and a leading debit network. [...]
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 [...]
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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 [...]
Obopay’s bank-branded mobile money solution enables banks to quickly and seamlessly join growing wave of mobile transactions.
Obopay, the pioneer in mobile payments, has announced Mobile Money for Banks, which will allow banks to deploy their own branded mobile money service. Designed to make bank accounts the anchor for all current and future mobile money [...]
Etisalat is set to launch its mobile money transfer service and is testing the system using thousands of its own workforce, it was reported on Wednesday.
As part of the pilot project, Etisalat will test the facility through 4,000 Indian nationals on its payroll for money transfer to India, Rashed Majed Al Abbar, director of [...]
Dinfin Mulupi
A new mobile banking product, targeting rural areas, has been launched in Kenya.
Kenya’s largest mobile operator, Safaricom, and fastest growing bank, Equity Bank, have unveiled M-Kesho, a mobile banking product targeting rural areas.
M-Kesho will allow M-Pesa (Safaricom’s mobile money transfer service) account holders to deposit money, withdraw cash and access loans.
“If all M-Pesa customers [...]
Mopay Inc. is supporting purchases of physical goods in 28 countries after an increase in consumer demand.
The company claims to be the first provider to enable mobile payments for physical goods around the globe. Mopay plans to not only be a major payment option for digital and virtual goods, but for all kinds of purchases.
“The [...]
MasterCard today announced that their fully-integrated, on-demand person-to-person (P2P)
mobile payment platform for issuers in the United States is set to go live later this month.
With this new platform, MasterCard participating bank customers will be able to offer Mobile
MasterCard MoneySend P2P payments to their customers.
MobileMoneySend is the breakthrough consumer payment platform that provides a better way [...]
Mobibucks a leading global provider of mobile payment solutions, announced Emirates Net Systems LLC in Abu Dhabi, United Arab Emirates, as its latest certified partner. Emirates Net, the leading IT solutions and integration company in the UAE, will support Mobibucks growth in the UAE and North Africa.
The strategic partnership with the UAE’s leading system’s integrator [...]
