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
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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
Tagattitude rolls out MobiCash contactless mobile payments system in South Africa.
South African start up MobiCash has gone live with its contactless mobile payments platform, which allows consumers to carry out secure cashless transactions via their mobile phones. MobiCash’s technology partner is French company Tagattitude, which has developed a trademark authentication technology dubbed Near Sound Data Transfer (NSDT). The latter enables contactless mobile payments by transmitting
Zain Nigeria names Sainte-Marie as new CEO
Zain Nigeria announced the appointment of Alain Sainte-Marie as the company’s new CEO, replacing Bayo Ligali who resigned to pursue other interests after a three-year stint as CEO of the mobile operator. Sainte-Marie will immediately assume leadership of Zain Nigeria. Prior to his appointment as CEO of Zain Nigeria, Sainte-Marie was the MD of Zain
Mobile Money Transfer perspectives by Mohit Agrawal
Mohit Agrawal Mobile Money Transfer (MMT) is a peer to peer form of mobile payment mechanism which has the best prospects for success amongst other forms of mobile transactions. The GSM Association has picked up MMT as a project and is supporting its members in embracing MMT. The money transfer has been in existence since
