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

FNB mPOS device in offing

JULY 052014 ITWEB First National Bank FNB is set to follow in its local counterparts footsteps with the release of its own mobile pointofsale mPOS solution in the coming months This comes about two years after FNB penned a deal with UK company Powa Technologies to offer its mobile device in the country It enables companies and individuals to accept card payments from their customers on the goAccording to CEO of merchant services at FNB Alan Scoular FNB will make use of Powa Technologies mPowa technology The tech works by using a free mobile phone app and a reader that connects to a smartphone or mobile device by plugging into it...[ more]

Filed Under South Africa

Vodacom redesigns m-pesa for the South African market

JULY 042014 press release Vodacom redesigns mpesa for the South African market First launched in Kenya in 2007 mpesa is now used by more than 18 million people across 13 countries to perform banking and money transfer services via mobile phone Vodacom introduced mpesa to South Africa in 2010 and while the initial take up was strong with more than one million people signing up it hasnt so far enjoyed the overwhelming uptake seen in markets like Kenya and Tanzania Over the past two years Vodacom has assembled a new mpesa team bringing in external expertise in banking and mobile payments and also studied the factors which have held t...[ more]

Filed Under South Africa

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