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Bank Fight Telcos Over Mobile Money Dominance in Ghana
The Central Bank announced a new set of guidelines for the service about a year ago to improve money transfer via mobile phones. The new regulatory regime among others empowered telecom companies to also own and run the electronic money business like banks.
However, it appears the banks are rather concerned about the threat posed by mobile money services.- Categories
- Technology
- Region
- Sub-Saharan Africa
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Mark Zuckerberg has made a surprise visit to Nairobi to learn about mobile money
On his surprise tour of tech hubs in Africa, Mark Zuckerberg has made a pit stop in Nairobi. Announcing his arrival on Facebook, he described talking with entrepreneurs working out of the tech space, the iHub, and dining on ugali and tilapia with Kenya’s cabinet secretary of information and communications.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Today’s SpaceX explosion is a major setback for Facebook’s free internet ambitions
This morning, a SpaceX Falcon 9 rocket exploded on its launch pad, completely destroying the rocket and its payload two days before the scheduled launch. The cause of the explosion is still unknown, but anyone counting on this weekend’s launch to deliver equipment into orbit is now left scrambling for a replacement.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Interest Payment on Mobile Money Wallets to Begin on Sept. 11 in Ghana
Mobile telecom operators with mobile money service have clinched a deal with their partner banks for them to pay interest on customers’ balances in their wallets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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South Africa is a Regional Leader in the Financial Inclusion of Women
South Africa is the only country in the Southern African Development Community in which women are more financially included than men, new research shows.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Betting Craze Powers Mobile Money to 20 Percent Growth in Kenya
The volume of cash moving through mobile money transfer platforms grew by a fifth in the first six months of this year, powered by increased uptake of cellphone-based gaming, industry data shows.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Bank of Ghana to Make Mobile Money Platforms Interoperable
The Bank of Ghana has initiated a project to implement a mobile money payment infrastructure that will enable the seamless transfer of funds from one network provider to another (interoperability).
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- cash transfers, fintech
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Tanzania Keeps Close Eye on Kenya’s Interest Rates Cap Impact
The Bank of Tanzania (BoT) says it is closely watching the outcome of the decision by Kenya to introduce caps on loan interest rates before considering a move back home.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa