South Africa

TeleCash slashes mobile money fees

AUGUST 282014 BULAWAYO24 Telecash customers can now send money for free to other registered telecash subscribers following a revision of telecash charges that came into effect last Friday 22 August 2014 The new tariffs show that it costs nothing to send cash through telecash to a registered telecash subscriber no matter how much money is being sent This is the first time that anyone using a mobile money service has been able to send money to someone else free of charge There is no charge for depositing money cash in in ones telecash account Registered telecash customers who receive money via telecash pay a cash out fee ranging ...[ more]

Filed Under South Africa

ZIMBABWE:60pc of remittances now through EcoCash

AUGUST 242014 NEW ZIMBABWE MORE than 60 percent of all money transfers sent to Zimbabwe through WorldRemit are now received on EcoCash it has emerged The development comes just three months after WorldRemit and Econet Wireless announced a partnership to promote EcoCash as an option for money transfer recipients in Zimbabwe EcoCash Diaspora uses WorldRemits service to enable instant money transfers to Zimbabwe from around the world WorldRemits founder and CEO Ismail Ahmed said The popularity of EcoCash as a way of receiving money transfers in Zimbabwe is strikingClearly this was a service that people in Zimbabwe and their friends and ...[ more]

Filed Under South Africa

Nomanini mobile POS reaches a million transactions

AUGUST 2014 PRESS RELEASE Nomanini today announced that informal vendors and microentrepreneurs across Africa have made a million cash transactions using its tough terminal Nomanini today announced that informal vendors and microentrepreneurs across Africa have made a million cash transactions using its tough terminal The South Africanbased mobile Point of Sale platform was created to enable cash transactions in emerging markets It has proven popular for the distribution of mobile prepaid airtime and electricity with plans to enable other transactions such as mobile money and collection of insurance premiums in the works Its ...[ more]

Filed Under South Africa

FNB and Cell C – a mobile match made in heaven?

AUGUST 182014 MYBROADBAND FNB is preparing to launch a mobile virtual network operator MVNO in South Africa in partnership with mobile operator Cell C Rumours are rife that FNB is preparing to launch a mobile virtual network operator MVNO in South Africa in partnership with mobile operator Cell C The move seems likely given Cell Cs desire to offer MVNO services and FNBs numerous existing plays in the mobile space MVNOs where third parties use an existing mobile operators infrastructure to sell their own mobile products and services have proven both popular and successful in Asia Europe and the US but to date have achieved little tra...[ more]

Filed Under South Africa

ZIMBABWE:CBZ unfazed by mobile money platforms

AUGUST 182014 THE STARDARD CBZ Holdings says its banking unit is unfazed by the advent of alternative mobilebased payment platforms as the financial institution has a range of strategies in place to make an impact on the market CBZ Holdings wholly owns CBZ Bank the countrys biggest bank by deposits The bank recently availed its mobile banking solution Smart Money as more banked and unbanked Zimbabweans turn to various telecommunicationsbacked money transfer services CBZ Holdings chief executive Never Nyemudzo told Standardbusiness last week that with so many players in the mobile transactions market the group prefers complementing su...[ more]

Filed Under South Africa

Botswana :Mobile money uptake grows 65%

AUGUST 142014 MMEGIONLINE The uptake of mobile money services rose by 65 percent in 2013 with 248000 subscriptions on the portfolios of the two wireless companies According to recently released Botswana Communication Regulatory Authority BOCRA data the number of mobile money subscriptions was pegged at 70000 when Orange Botswana and Mascom Botswana first introduced the services in 2011 Mobile money allows cash to move as fast as a Short Message Service with the customer of a particular mobile operator registering for the service and depositing the money with any approved vendoragent of that operator The customer is then allowed to...[ more]

Filed Under South Africa

MTN puts R2.4bn into Africa’s nascent e-commerce sector

AUGUST 142014 BUSINESSDAYLIVE MTN is taking aim at Africas ecommerce market which is still in its infancy by investing R24bn over the next four years MTN CEO Sifiso Dabengwa said last Thursday the sector had become an integral part of the mobile networks growth strategy The mobile network which has a presence in 22 countries recently acquired 333 of AIH a joint venture between Rocket Internet and Millicom International Cellular to develop internet businesses in Africa Mr Dabengwa said there was a meaningful opportunity for the operator to grow business in the sector He said in the next five to 10 years half of MTNs revenue would ...[ more]

Filed Under South Africa

Zimbabwe: Telecoms Firms Embrace Innovation to Survive

JULY 082014 FINANCIAL GAZETTE As technological convergence redefines business models across nearly every industry mobile telecommunications companies have shown a growing appetite for innovation in order to survive and thrive in a fastpaced and unpredictable environment This year alone the countrys three mobile telecommunication companies Econet Telecel and NetOne have launched a combined 12 new products in an attempt to increase revenue as mobile phone businesses go beyond just voice Telecel Zimbabwe last month launched its Telecash gold card a debit card which can be used to pay for goods and services at any of the more than 5 00...[ more]

Filed Under South Africa

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