JULY 302014 KBC The telecom industry in Kenya is headed for a major realignment following an order to Safaricom to open up her mobile money platform The ruling by the Competition Authority of Kenya however fell short of ordering Safaricom to cut fees charged on sending cash to other networks Airtel Kenya had also petitioned the Competition Authority of Kenya to compel Safaricom to reduce the cost of sending money from MPesa to other networks However CAK deferred the issue to the Central Bank of Kenya and the Communications Authority of Kenya Safaricom which pioneered mobile money technology in Kenya in 2007 has fought many legal battl...[...read more]
JULY 302014 IPPMEDIA The contribution of mobile money services to the Gross Domestic Product GDP in Tanzania now has reached 35 percent thanks to new initiatives being taken by the communication sector Speaking in Dar es Salaam recently head of MPesa Product Development and Marketing at Vodacom Tanzania Limited Isack Nchunda said many people in the country nowadays get their financial services through mobile phones The involvement of mobile financial services in the GDP has tremendously increased reaching 35 percent due to the usage he said Citing Nchunda said electronic money technology transfers 16trn per month and this is eq...[...read more]
JULY 282014 CIO EAST AFRICA The Communications Authority of Kenya CAK has ordered Safaricom to open up its MPesa platform after Airtel Kenya filed a petition accusing Safaricom of unfair competition It has also prohibited the mobile operator from levying extra charges on competitors using its network This brings to an end a long battle between Airtel and Safaricom over exclusivity of the service which barred MPesa agents from engaging in business with other mobile operators In a letter signed by CAK and sent to Safaricom and Airtel on Friday July 25 CAK ordered Safaricom to effect the directive before July 18 All restrict...[...read more]
JULY 252014 Kenyan telecommunications operator Orange has launched a promotion aimed at growing the usage of Orange Money by its wide subscriber base The promotion that runs till September 28 will see customers enjoy 25 percent airtime bonus once they topup their airtime using Orange Money The campaign is meant to appreciate Orange Money account holders for their continued support The bonus airtime applicable to Orange prepaid customers can be used for onnet calls text messages and data usage with the minimum topup amount being KSh10 According to Mickael Ghossein CEO Orange Kenya Orange Money is rapidly being adopted by Kenyans in t...[...read more]
JULY 212014 NEW VISION CITY economist and consultant Joshua Tumwine has petitioned the Constitutional Court seeking to stop the Government from collecting tax on Mobile Money withdrawals saying the act infringes the Constitution Tumwine dragged the Attorney General AG and the Uganda Revenue Authority URA to the court seeking a declaration that by recognizing the business and taxation of 10 exercise duty on Money Mobile withdrawal the Ministry of Finance Planning and Economic Development contravened the Constitution Through Muwema Mugerwa Advocates and KSMO Advocates Tumwine is also seeking a declaration that the Ministerial act of rec...[...read more]
JULY 212014 CIO EAST AFRICA At a mobile money conference held recently in Johannesburg Rajiv Bhatia Ericsson head of mobile commerce sales for Emerging Middle East and Africa EMEA stated that airtime could be used as an incentive to drive the uptake and usage of mobile money services in countries where its growth has been sluggish Bhatia further explained that operators and financial institutions could replicate the loyalty programme of credit card providers through the use of airtime to encourage consumers to use mobile money There is an untapped opportunity to drive activity and loyalty in mobile money using mobile prepaid airtime A...[...read more]
JULY 212014 BUSINESSDAILY Kenyans are transacting Sh62 billion daily through mobile phones Central Bank of Kenya has said This is a rise from an average of Sh52 billion last year underlining growing confidence in mobile money and cashless transactions The growth has been phenomenal It has become an important platform for financial services said CBK governor Njuguna Ndungu in a recent presentation in Switzerland Data from CBK shows that Sh543 billion changed hands in 206 million transactions conducted through mobile phones in the first three months of the year compared to Sh417 billion transacted in 158 million deals last year ...[...read more]
JULY 172014 EASTAFRICAN BUSINESS WEEK Kenyas lucrative mobile money transfer market is set for unprecedented competition following the entry of three additional telecoms operators with intention to have a piece of the sectors billion shillings pie Licensed by the Communications Authority of Kenya CAK last month the three Mobile Virtual Network Operators led by Equity Banks subsidiary Finserve Africa Limited and also Zioncell Kenya Limited an affiliate of Mobile Decisioninga company that provides a range of mobile payment services as well as Mobile Pay Limited which owns mobile money transfer platform Tangaza Pesa are expected to l...[...read more]
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