MMA: Active countries of operation. VTN is a Nigeria-centric payment platform used by merchants in Nigeria and worldwide (serving Nigerians). These are mostly smaller merchants, we have not yet signed up AMAZON, SKYPE or Apple but every day we push. We are in this for the long haul but have only had the VTN platform
Tag Archives: mobilepayments
The risks associated with mobile payments and their anti-fraud solutions
Juniper Research recently forecast that NFC (Near Field Communication) Payment transactions will significantly grow from values of $8bn in 2009 to $30bn within three years. Such offerings are set to reach the UK commercial market later this year. The Government recently announced new safety guidelines, which include disabling the payment functionality of a mobile as
The power of mobile money
ONCE the toys of rich yuppies, mobile phones have evolved in a few short years to become tools of economic empowerment for the world’s poorest people. These phones compensate for inadequate infrastructure, such as bad roads and slow postal services, allowing information to move more freely, making markets more efficient and unleashing entrepreneurship. All this
Mobile Operators Killing SMS Revolution
Joshua Goldstein Profiteering by carriers is hurting developers and stopping the wave of mass consumer adoption of innovative services. It would be easy to conclude that Africa is entering the golden age of mobile innovation. In Kenya, M-Pesa, a Safaricom service, allows users to send money anywhere in the country via mobile phone at very
Kenya : KCB re-launches mobile banking
Lawrence Njenga Central Bank governor Professor Njuguna Ndung’u has assured investors in the country of CBK’s support to enable them provide financial services to the unbanked masses. Prof Ndungu was speaking during the re-launch of KCB’s mobile banking service where customers will be allowed to open bank accounts using their mobile phones. The “KCB Connect”
Zain Zap enters the Global Remittances Market
Zain has expanded its mobile banking service to allow customers in three east African countries to receive money from any bank account in the world, in a tie-up with Citibank and Standard Chartered Bank. Zap customers will also be able send money to any bank account in Kenya, Tanzania and Uganda. According to Zain, which
A Pan African End-to-End Mobile Payments
MobiCash may conveniently be described as the next generation of mobile payment system. When it comes to mobile payment options, nothing is more convenient than MobiCash cell phone payment! MobiCash is changing the rules in the contactless electronic transaction business and generates very large opportunities! Patrick Ngabonziza Gordon, Founder / CEO, stated: “Think about it:
Botswana Reminds PrePay Subscribers to Register Details by Year-End
Botswana’s telecoms regulator has warned that the vast majority of prepay SIM cards have yet to register their ownership details before a cut-off deadline at the end of this year. According to the Botswana Telecommunications Authority’s Public Relations Officer, Twoba Koontse, just 267,113 subscribers have registered their details. This represents around 13 percent of the
Afric Xpress To Contract More Agents in Ghana
Ghana News Agency Mr Nvalaye Kouroma, Chief Executive Officer Afric Xpress Ghana, an electronic payment solution provider focused on mobile payments, has said the company is taking steps to increase the number of agents across the country to ensure that many more people benefit from its payment and transfer services. The company in April signed
Gates Foundation gives seed money for alliance to bring banking to the poor
DONNA GORDON BLANKINSHIP The Bill & Melinda Gates Foundation, best known for its work combating malaria, AIDS and other diseases, this week announced an effort to bring banking, including savings accounts, to the poor. It may be hard to understand how savings is even an issue for the people who live on less than $2
