MARCH 052014 EAST AFRICAN BUSINESS WEEK Tanzania and Rwanda will now be connected by Tigo Pesa services following the mobile firm move to launch crossborder mobile money transfer services Tigo Tanzanias General Manager Diego Gutierrez recently told East African Business Week the innovation will help expand trade between the two countries Our innovation will create many opportunities between businessmen of the two countries but also will expand business and carry out trade that will continue to build and strengthen commercial relation Gutierrez said Available statistics show that Tanzania was Rwandas seventh largest trading partner in 2...[...read more]
MARCH 032014 BUSINESS DAILY Safaricoms push to take its mobile money transfer business global has received another boost with the signing of a deal that will see users of MoneyGram send cash directly to MPesa customers from any part of the world The deal signed by UK telecommunications company Vodafone which is Safaricoms majority shareholder will allow users of MoneyGram in about 200 countries to send money directly to MPesa subscribers mobile phones There is huge demand for sending funds back home to family and friends said Michael Joseph former Safaricom CEO and currently managing director in charge of mobile money at Vodaf...[...read more]
FEB 272014 DAILY NATION In a move likely to upset the applecart in the telecom sector Equity Bank has applied for a licence to operate a mobile telephone business Kenyas largest bank in customer base has submitted an application to the Communications Commission of Kenya CCK for a licence to become a Mobile Virtual Network Operator MVNO This means the company will not operate its own network but will ride on the infrastructure of an existing Mobile Network Operator MNO to roll out mobile telephone services In a telephone interview CCK director general Francis Wangusi admitted receiving Equity Banks application saying the regu...[...read more]
FEB 272014 CAPITAL FM Airtel Kenya Managing Director Shivan Bhargava said the card will enhance convenience on the companys mobile money and banking services and ensure that subscribers from both companies get added value We are committed to nurturing strategic partnerships that provide innovative solutions that meet the ever changing needs of our customers Through these partnerships Airtel will deliver relevant and innovative mobile solutions to help customers overcome their daily challenges said Bhargava Bhargava said the company is targeting to transact 100000 customers in the next three months and about half a billion customers in t...[...read more]
FEB 262014 For the first time ever mobile money users will be able to transfer cash across borders with currency conversion automatically included Two of Millicoms operations in Africa are pioneering the new international money transfer service Tigo Cash users in Rwanda and Tigo Pesa customers in Tanzania will be able to send each other money in their respective currencies without having to travel and queue at a traditional bank or money agent Using their mobile handsets the service enables customers to use the funds to access a range of services in each country These include airtime topups payments for water electricity TV transport cas...[...read more]
FEB 182014 After its official launch in Kampala in January 2014 The Helix Institute of Digital Finance has this week published its Agent Network Accelerator Survey Uganda Country Report available for download at wwwhelixinstitutecomdataandinsights The Uganda report is the first of eight country reports on agent networks as part of the cuttingedge Agent Network Accelerator ANA research project ANA a collaboration between the Bill Melinda Gates Foundation and MicroSave is the largest research project on agent networks in the world focusing on the countrys factors for success in agent network management and what the industry needs to focu...[...read more]
FEB 182014 BIZDAY ECONET Wireless has reignited its protracted hostility with fierce rival Telecel Zimbabwe after barring its agents from doubling up as agents for rival mobile money transfer service telecash This follows the launch by Telecel last week of its own mobile money transfer service telecash which will compete directly with Econets Ecocash Telecel said it had no problem with agents doubling up for competition provided they saw value in doing so The Herald Business understands that Ecocash agents were made to sign exclusivity agreements by Econet against their will Telecel initially took its exception to Postal and Telecommun...[...read more]
FEB 182014 MTN Mobile Money has increased its transmission charges for payment of utility bills The affected bills are those for National Water and Sewerage Corporation and Umeme electricity For bills between sh500 to sh2500 the charges increased from sh110 to sh190 while for those ranging from sh2501 and sh2500 the customer will be charged sh330 a sh190 increment from sh140 The charges took effect February Before it cost a customer sh500 to pay bills ranging from sh5000 to 45000 Now they will pay sh1000 for the first sh5001 to sh15000 then pay sh1600 for the next sh15001 to sh30000 and finally pay sh2000 for the final sh30001 to s...[...read more]
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