Contributions

Will taxes kill mobilemoney in Africa?

ITWEB JAN 152014 One sector continues to show growth in Africa and demonstrate the genuine potential the continent has to leapfrog global counterparts mobile money services Stakeholders including mobile operators have echoed the sentiment that the market is gaining traction and offers significant opportunity However recent media reports have highlighted one controversial aspect of the mobile money transfer market that continues to generate news headlines taxation on mobile money services offered by network operators There have been numerous reports of the implementation of tax directives and related legislation by authorities in va...[...read more]

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Huge potential of mobile financial services in Africa - Pyra

DEC 172013 PRESS RELEASE There is huge potential of mobile financial services in Africa With 43 percent of forecast mmoney deployments worldwide expected to be in subSaharan countries operators in Africa are approaching the mobile financial services opportunity in two different ways according to a new report from Pyramid Research The insider report Mobile Financial Services in Africa Deployment and Configuration Strategies for Operators examines the demand for mobile financial services in Africa To delve deeper into the choices facing operators the report has presented case studies of two operators MTN with its Mobile Money mmoney...[...read more]

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Banks Shouldn't Rely On Mobile SMS Passcodes, Security Firm

DEC 162013 JEREMY KIRK CIO EAST AFRICA A widely used security feature intended to protect access to online bank accounts is becoming increasingly ineffective as cybercriminals develop advanced malicious software for Android devices according to a report released Wednesday Many banks offer their customers twofactor authentication which involves sending an SMS message with a code thats entered into a Webbased form The code expires in a few minutes and is intended to thwart cybercriminals who have a persons login credentials But there are now multiple mobile malware suites that work in tandem with desktop malware to defeat onetime passco...[...read more]

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Can Bitcoin transform Africa?

DEC 062013 JONATHAN KALAN WAMBA If there is one thing to know about payments in Africa its that digital money is poised to disrupt transactions on the continent Now that mobile airtime mobile money like MPesa giftingrewards platforms prepaid cards and even Bitcoin are options for exchanging value or money between over 1 billion consumers on the continent everyone is scrambling to understand and profit from opportunity in the space Some of the largest companies in the world including Google Ericsson Visa and MasterCard are converging on East Africa to secure their place in one of the most disruptive payment ecosystems on earth according...[...read more]

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UNDP taps Smart for mobile cash transfer program in typhoon-

DEC 052013 Maricel Burgonio INTERAKSYON A unit of Smart Communications Inchas partnered with the United Nations Development Program UNDP and Land Bank of the Philippines for a mobile cash transfer program aimed at Typhoon Yolanda survivors In a forum yesterday Smart EMoney Inc head for innovation Lito Villanueva said UNDP aims to provide financial assistance P2600 a family a month to an initial 50000 families through the companys emoney platform Villanueva said UNDP would provide the fund while the Department of Social Welfare and Development DSWD would identify the beneficiaries Only one member of the household will benefit fro...[...read more]

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Mobile money services popular in emerging markets

Sept 092013 Afriquejet Study finds mobile money services popular in emerging markets Mobile money services for the unbanked popular in emerging markets are showing much faster adoption than mwallets and related services addressing those with a bank account as well as a steeper revenue curve according to a new report from Pyramid Research PR The report titled From Digital Content to MWallets MPayment Strategies for Operators highlights the differences between the banked and unbanked and provides a broader context for mobile operators in general PR has taken a closer look at mobile payments such as the traditional ca...[...read more]

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Gulf telcos race to get slice of mobile money market

Sept 092013 The National The UAEbased operator Etisalat plans to offer its own mobile money service Flous money in Arabic in all 15 of its markets Flous enables customers to pay credit card bills pay for parking or tickets and buy other services from the operator It works across a range of connected devices and not just telephones Most recently the company launched Flous in the west African nation of Togo working alongside local banks and MasterCard It is already available in Egypt We are currently in the process of rolling Flous out throughout our global footprint It is a service that enables customers to use their mob...[...read more]

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Using Mobile Money to Make Water Safe

Sept 052013 Jill Luoto Rand Blog Contaminated drinking water contributes to the deaths of some 750000 children under the age of five every year due to diarrheal disease As a result there is a pressing need in the developing world for ways to make water safe to drink that are affordable and widely used A RAND project with USAID funding is using mobile phones to increase the sales and use of safewater filters in Kenya The ceramic filters are microbiologically effective and often preferred by users over chemical disinfection eg adding chlorine to water The filters however are not affordable for all who need them Costing ...[...read more]

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