JULY 172014 PRESS RELEASE South Africans will now benefit from a more seamless speedy and secure online shopping checkout with the launch of the innovativeMasterCarddigital serviceMasterPass MasterPass enables consumers to make convenient simple fast and secure digital payments Digital wallets accessible through the MasterPass acceptance network allow consumers to store all their MasterCard or other branded credit debit or cheque card information and shipping and billing address details securely in one place This gives them the ability to make secure online payments without the repeated hassle of entering these details each time T...[...read more]
JULY 172014 ITWEBAFRICA Zimbabwes second largest telco by subscriber numbers Telecel on Wednesday launched a credit card for its mobile money system Telecash Telecash was launched early this year and officials have said about 17 million has been transacted via the system to date However the launch on Wednesday of Telecels gold credit card is expected to bring enhanced convenience for Telecash users according to Nkosinathi Ncube the mobile money director for Telecel The Telecash card will be driven through CBZ one of the biggest banks in Zimbabwe Mobile money has been struggling to make a mark in retail We consulted widely with b...[...read more]
JULY 172014 NEW ZIMBABWE THE Competitions and Tariffs Commission CTC has roped in South Africabased competition experts to investigate whether Econet has flouted competition laws in its money transfer scheme as well as the firms banking subsidiary The investigation could reconfigure the countrys financial services sector Econet is locked in a longrunning dispute with the local banking industry over its mobile money transfer scheme Ecocash The Commission says it wants to establish whether Econet has any case to answer and whether it has flouted competition rules in its interactions with banks and suppliers The telecoms firm has r...[...read more]
JULY 132014 BUSINESSDAYLIVE MOBILE operators and banks should provide incentives to customers to drive the uptake of mobile money services wireless communications network provider Ericsson said this week The rapid convergence of mobile and banking technology which started with simple functions such as money transfer is increasingly making the cellphone a virtual bank in itself Mobile money is gaining traction in many markets in Africa as millions of people without banking accounts sign up for the service According to global mobile network industry body GSMA 52 of mobilemoney services are in subSaharan Africa Ericsson estimates th...[...read more]
JULY 102014 NEWSDAY Phillip Chidavenzi A 27yearold Seke villager who allegedly defrauded several people of thousands of dollars through Ecocash while purporting to be representing top Zanu PF and MDCT officials yesterday appeared in court facing a 5 000 fraud charge Blessing Mazarura 27 of Murisa Village under Chief Seke was not asked to plead to the charges when he appeared before Harare magistrate Donald Ndirowei He was remanded out of custody to July 28 2014 on 100 bail Prosecutor Sharon Mashavira alleged that between January and June this year Mazarura registered Econet mobile phone lines in the names of Presidential Affairs...[...read more]
JULY 082014 ITWEBAFRICA Mobile money agents in Zimbabwe are looking beyond services such as Telecash EcoCash and One Wallet to boost their incomes as the market becomes more saturated This is according to the Mobile Money Transfer Agents Association of Zimbabwe MMTAAZ which says the number of dealerships and individuals handling such payments are growing rapidly Total mobile money user numbers for the likes of Telecels Telecash service have hit 600000 after being launched earlier this year Meanwhile EcoCash run by Econet Wireless has over three million users Earlier this year Zimbabwes central bank also forced money networks to all...[...read more]
JULY 082014 TECHCENTRAL DurbanbasedEmerge Mobile the ambitious mobile payments startup has launched its smartphonebased mobile payments system Similar to USbased Square the payment card acceptance solution allows users to accept card payments using their smartphones iKhokha a Cape Town based financial services brand created by Emerge Mobile has been named as the inaugural gotomarket vehicle for Emerge Mobiles device called The Edge The device is a secure and compact chipandPin card reader that plugs into iOS or Android smartphones and is coupled with the iKhokha mobile application Emerge Mobile was founded by the father and son team ...[...read more]
JUNE 302014 THE HERALD Chief executive officer Mr Reward Kangai told the Parliamentary Portfolio Committee on Information Communication Technology that the firm currently has between 27 and 28 million subscribers We are targeting three million subscribers by December 2014 I think we are on course to meet that target he said Mr Kangai said products such as One Wallet which allows customers to access crucial services including purchasing electricity units as well as provision of various data and voice services promotions would drive subscriber growth We have already put on order an additional one million Sim Cards so that we do not h...[...read more]
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