SEPT 022014 EAST AFRICAN BUSINESSWEEK In what will come as good news for Kenyans the country is gearing up for a mobile wallet revolution as banks move into a market segment that has been dominated by Safaricom and other mobile operators Perhaps the surest indication of the looming mobile money market shake up similar to one that prompted mobile tariffs wars three years ago came midAugust after Safaricom in anticipation of the heated competition slashed some of its Mpesa transaction rates by up to 67 This analysts say is a pointer of things to come in the mobile money market While mobile operators including Airtel Essar Kenya Yu and ...[...read more]
SEPT 012014 mfw4aorg The Kenyan authorities released on August 15th the National Payment Systems Regulations giving a formal legal framework for mobile money The Kenyan authorities released on August 15th the National Payment Systems Regulations giving a formal legal framework for mobile money The legislation was eagerly awaited in a Country where 262 million registered mobile money accounts and 59 percent of the adult population actively use mobilemoneyGSMA reports While it provides certainty and direction for investors seeking to enter the market it also brings many benefits for customers such as consumer redress disclosure o...[...read more]
SEPT 012014 THE OBSERVER Bank of Uganda has asked all mobile money customers to secure their Personal Identification Numbers PINs to avoid the increasing losses incurred by mobile money users I encourage Centenary bank and MTN to adhere to the Bank of Uganda mobile money guidelines which were issued in 2013 The guidelines address issues of transparency in the provision of services data protection and catering for customers especially on their complaints Justine Bagyenda the executive director for Supervision at Bank of Uganda said She was speaking at the launch of Centenary banks ATM cardless service with MTN mobile money at Mapeera h...[...read more]
AUGUST 282014 NEW VISION MTN Uganda the leading Mobile Money network has partnered with Centenary Bank Uganda to advance their ATM Cash out footprint by allowing customers to cash out at all Centenary bank ATMs across the country At MTN we listen to our customers needs and wants and with this background we continuously strive to exploit opportunities that make the life of our customers smooth and simplified and our partnership with Centenary back is absolutely another opportunity to reach out to customers all over the country with this new proposition said MTNs acting Chief Marketing Officer Kenneth Kiddu Centenary banks 147 ATMs ...[...read more]
AUGUST 282014 CIO EAST AFRICA As Africans increasingly gain access to mobile devices aid and development organizations see them as a pathway to providing access to financial services to a large unbanked population and a deal announced in Zambia this week aims to do just that The World Banks International Finance Corporation IFC is pushing the drive for financial inclusion in the region by providing funding to mobile operators and will provide US1 million in funding to Airtel Zambia to to boost access to mobile financial services in the Zambian market The threeyear project aims to help Airtel Zambias largest telecom operator in buildin...[...read more]
CIO EAST AFRICA By Lilian Mutegi AUGUST 272014 Safaricom has received critical support in its bid to stop Equity Bank from using embedded SIM cards for the mobile banking and money transfer service the lender plans to introduce in the Kenyan market According to Business Daily Londonbased GSMA the global association of telecoms operators using the Global System for Mobile Communications GSM technology has written a hardhitting letter to the Kenyan authorities warning of the risks that use of the slim SIM cards pose to the integrity of the mobile telecommunications platforms The GSMA says in the letter dated August 7 that the overl...[...read more]
AUGUST 242014 RWANDAEYE Mobicash is developing a platform that will enable every smart phone user to shop bank and pay online at their convenience a move that is seen to give beef to the emerging online shopping business in the country With its open and interoperable ecosystem the user will be able to download the application onto their phone and access several services that include online payment and shopping gifts pay bills mobisave account among others What the user needs is to download the application open account with mobicash and then start a new world of convenience of doing all businesses and shopping online wherever you are s...[...read more]
AUGUST 242014 ITNEWSAFRICA Bharti Airtel has revealed the introduction of a service that will allow customers to send and receive between Airtels mobile money service and that of Tigo in Tanzania The introduction of the service is poised to help the deepening of financial inclusion which stood at 22 percent in 2013 according to the Bank of Tanzania Late last year Tanzania launched a national financial inclusion framework to focus on priorities such as payment platforms infrastructure and consumer protection with an overall goal of giving half of Tanzanias population access to formal financial services by 2016 According to the company ...[...read more]
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