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]
JULY 172014 BULAWAYO24 ECONET Wireless is reported to have started deregistering its Ecocash agentswho havebeen doubling as agents for its rival Telecel Zimbabwe which is operating Telecash Telecel launched its mobile money transferbanking service Telecash in January which directly competes with Ecocash and has since gone on a massive recruitment of agents The countrys second largest mobile network operator in the process enlisted the services of Ecocash agents which prompted Econet to force its agents to sign exclusivity agreements in a move aimed at barring Telecel from using its agents Agents in Gweru who have been doubl...[...read more]
JULY 132014 BUSINESSDAILYAFRICA SafaricomandKenya Commercial Bankhave launched a new product that gives small businesses better access to communications and financial services in a move to entrench their position amid rising competition Biashara Smart or smart business is a suite of services that include bank account opening website domains as well as talk time and text message services The product which combines existing Safaricom Business and KCBs MBenki services also allows small and medium sized enterprises SMEs access to MPesa insurance business tips and payroll processing services among other offerings It comes to the...[...read more]
JULY 102014 BIZCOMMUNITY The Central Africa Kalahari Awards which is dedicated to acknowledging creativity commitment and excellence in the mobile financial services across Africa are now open for nominations and will take place during MobileMoney Expo Central Africa in Cameroon from 2526 September 2014 According toa report on MobileMoney Africa the Kalahari Awards are given to organisations that have made a significant contribution to the mobile financial sector and are poised to make considerable market impact in the future The awards will be decided by an independent panel of expert judges based on a number of criteria including...[...read more]
JULY 102014 ITWEBAFRICA A battle to open up Kenyas MPesa agents network in Kenya has come to an end Mobile network Safaricom which runs MPesa has unexpectedly agreed to open up its agency network across the country to its rivals This means that Safaricom agents who currently stand at 85000 across the East African country have the green light to sell both MPesa services and other mobile money transfer services from rivals such as Airtel MPesa is Kenyas most used mobile money system with over 18 million mobile money users But the total Kenyan mobile money market size has opportunities for Safaricom agents to sell to over 24 m...[...read more]
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