TIMOTHY SIMELANE Swazi MTN may have 50 000 people registered on Mobile Money within a space of four months, thanks to the company’s partnership with Swaziland Conference of Churches (SCC) and the Voice of the Church. The three launched a campaign yesterday dubbed, ‘Did you Know, Bowati Yini? Hamba Mali Hamba Vangeli’ whose aim is
Gambia: GAWFA’s Mobile Banking Project Approved
MOMODOU FAAL The Daily Observer Alfredo Gadea of the Spanish Cooperation Agency in The Gambia, has disclosed that the Spanish government has approved the Mobile Banking project for The Gambia Women’s Finance Association (GAWFA). This development, he said, has now given GAWFA the green light to be closely working with a private Spanish company called
Mobile money penetrates Africa through Facebook
Social Labs The concept of using Facebook as a premier secure channel to exchange mobile money between friends will grow in significance and quickly – so claim the business leaders behind ZunguZ, a multi-tiered platform that integrates deeply into the social graph and a host of financial services to empower the consumer. ZunguZ is the
MTN Partners Stanbic IBTC on Mobile Money
MTN and Stanbic IBTC Bank- a member of Standard Bank Group- have signed an agreement on the provision of mobile money services to Nigerians. Speaking at the signing ceremony, which took place at MTN’s Lagos office recently, Chief Executive Officers of the two organisations said the partnership represented a major step in Nigeria’s e-payment segment
Can mobile phones be used to ‘bank’ the poor?
GABRIEL DEMOMBYNES CAPITAL FM The phenomenal success of Kenya’s M-PESA system, which allows people to store and transfer funds via electronic accounts that they access via mobile phones, has raised hopes that mobile money may provide a way for the poor to access basic banking services. In an earlier post, I presented findings from my
Cross border mobile money can be avenue for exporting fraud
Edward Ojulu The Rwanda Focus. The good news last week was a report that a leading telephone company, MTN, with operations in Africa and Middle East partnered with a global money transfer company, Western Union, to enable mobile phone users send or receive money across borders using their handsets. The bad news however, was from
Mobile money transactions to be audited by banks regulator
LILIAN NDUATI Nation Newspaper All mobile money transfer transactions in the country will be audited by the Central Bank of Kenya, to ensure the platforms are not used to perpetuate crimes. Speaking during the Africa Mobile Money Research conference held in Nairobi on Monday, Information PS Bitange Ndemo, said the bank will conduct reviews of
CBK seeks tighter control of mobile money transfers
Okuttah Mark Business Daily Africa The Central Bank of Kenya is working on regulations that will enable it to begin auditing and monitoring the mobile money transfer systems as it moves to implement the National Payments Systems (NPS) Act. Safaricom’s M-Pesa is the largest such platform having moved Sh116.6 billion last December alone. Stephen Mwaura,
Etisalat extends Afghan mobile payments
UAE telco Etisalat has partnered with Da Afghanistan Breshna Sherkat (DABS) to expand its mobile payment services in the war torn state, it was announced on Sunday. The move will enable customers of the Afghan utility giant’s 300,000 customers in Kabul to pay their electricity bills through Etisalat’s mobile payment system. Last month, the Abu
Mobile money takes East Africa by storm
By Hilary Heuler MOMBASA, Kenya — Agnes Ngooro, a small trader in the bustling central market of Mombasa, spends her days sitting behind a wooden table selling trousers for a few dollars a piece, and while it may not look like it at first glance, she is an international businesswoman. The clothes displayed on her
