West Africa

MTN launches Mobile Money in Swaziland

From next Tuesday Swazi MTN customers will be able to send and receive money anywhere in the Kingdom using their cellphones This service known as MTN Mobile Money was first announced last year and will be launched on Tuesday but was previewed to the media yesterday Head of MTN Mobile Money Sam Shongwe described the new product as the fastest easiest and most affordable way to send money to anyone in Swaziland This is an exciting product and will change the financial landscape of Swaziland Shongwe said as he introduced the product which will only be available to everyone with a cellphone People do not need to open bank accounts to access...[...read more]

Filed Under West Africa

Nigeria Mobile money licence holders risk CBN punishment

DAYO OKETOLA Punch Newspaper A number of the operators granted provisional licences by the Central Bank of Nigeria to operate mobile money services in the country risk being punished by the apex bank Mobile money transfer involves customers using their mobile devices to send and receive monetary valueThe CBN had granted approval in principle to 16 operators in 2010 to roll out mobile money networks across the country Those granted the approvals include Stanbic IBTC Bank Plc Ecobank Nigeria Plc Fortis MFB UBAAfripay GuarantyTrust Bank PlcMTN and First Bank of Nigeria Plc Others are Pagatech Paycom MKudi Chams Eartholeum ETranzact Parkwa...[...read more]

Filed Under West Africa

Vodafone Ghana to start mobile money transfer soon

Ekow Quandzie Vodafone Ghana has hinted that it will soon introduce mobile money services in the country The service allows subscribers to do money transfer through their mobile phones MTN and Airtel are the only two out of the five telecoms companies operating in the country that offer the service According to the Chief Executive Officer CEO of the company Mr Kyle Whitehill they want to want add more value to their products Mr Whitehill told Citi FMs Breakfast Show host Bernard Avle last week that even though they have not seen the huge demand from Ghanaians for the service yet however the company is planning to launch the service ...[...read more]

Filed Under West Africa

Mobile payment gathers momentum in Nigeria

KUNLE AZEEZ Nigeria is moving towards the era of mobile payment system also known as mobile banking as discussions on the subjectmatter have been on the frontburner of major fora by stakeholders in the nations electronic payment system Mobile Money also known as mobile banking or mobile payment mpayment is the transfer of monetary value from one person to the other via mobile phones Already the success so far recorded in the telecommunications sector where mobile telephony services are available to several millions of Nigerians has brought mpayment into the frontburner of discussions towards accelerating measures to deliver Nigeras ow...[...read more]

Filed Under West Africa

Phones to drive KCBís agency banking

MOSES MICHIRA KCB will rely on its mobile system to roll out agency banking services launched on Wednesday deepening telecommunication companies linkages with financial institutions in joint ventures to reach out to the unbanked population The banks chief executive officer Mr Martin OduorOtieno said agents will only require telephone handsets to accept deposits and make withdrawals for customers in a system similar to that used by operators of mobile phone money transfer operators KCBs approach to agency banking through the mobile phone has been used by Equity and Cooperative Banks that have rolled out similar services based ...[...read more]

Filed Under West Africa

DFID: Remittances to Ghana could be more if

Ghanaians living abroad could be sending more money back home if the remittance channels are improved this is according to research carried out by Developing Markets for the UKs Department for International Development DFID Nearly 164 billion dollars was remitted to the country last year more than three times what the country expects from crude oil this year The research which focused on remittance from the UK also found out that increasing competition among players in the remittance business would be key to improving inflows as it would reduce cost and make it more efficient Ghana the research says has a much more competitive remittance...[...read more]

Filed Under West Africa

MyGlobalPay to Provide TreasureComís Mobile and Core Banking

MyGlobalPay Ltd a subsidiary of Chartered Diversified Holdings Limited Liability Company and TreasureCom Financial Holdings Inc TreasureCom today announced that MyGlobalPay will become the exclusive representative of TreasureCom in Africa MyGlobalPay acquired exclusive representation rights in Africa after purchasing TreasureComs licenses previously issued to two other African companies based in Cameroon and Kenya In addition to reaching separate agreements with these companies MyGlobalPay then sought rights to represent TreasureCom throughout the African continent MyGlobalPay wants to become the leading provider of mobile banking facil...[...read more]

Filed Under West Africa

Access on mobile phone, future of epayment - eTranzact

Managing Director of one of Nigerias leading global electronic payment solution company eTranzact International PLC Mr Valentine Obi last week at the trade partners dinner and award night in Lagos said that the future of epayment services is access on the Mobile phones Obi said that over the years we have provided all our partners banks other financial institutions schools airlines telecos various merchants public sector an innovative secured and convenient means of payment Moving from cash based society to a cashless society According to Mr Obi we are now at the stage where you can now easily make convenient transactions from anywhere ...[...read more]

Filed Under West Africa

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  • Stanbic MobileMoney Agent at Shoprite
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  • Visit to Management of Comviva,India
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