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Africa Can Lead the Way in Mobile
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries where it operates.
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- Technology
- Region
- Sub-Saharan Africa
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Report: Cross-Border Mobile Money Transfer Could Be Available Across East Africa by End of Year
Kwale — Citizens of the East African Community will by the end of this year be able to transfer money via mobile phones across borders if full implementation of the One Area Network Agreement (OANA) succeeds.
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- Technology
- Region
- Sub-Saharan Africa
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3 Key Risks in Going Digital – and How Microfinance Institutions Can Address Them: Grameen Foundation provides risk management tips for MFIs adopting mobile solutions
The speed and convenience that make digital services attractive to clients can bring a host of new risks for financial institutions that serve the poor. In the second post in their series on what it takes for microfinance institutions to go digital, Grameen Foundation explores some of these risks, and what MFIs can do to address them.
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- Uncategorized
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MTN Partners with Verifone to Target Retailers
Pan-African operator MTN announced a deal with Verifone Mobile Money to deliver retail payment devices to merchants across 16 markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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When Neighbours Quarrel: How M-Pesa Could Improve Tanzania-Kenya Relations
THE relationship between East African neighbours Kenya and Tanzania is a complex one, frequently eluding neat analysis, but two things reliably capture the prevailing spirit: tour vans and Kenya Airways.
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- Uncategorized
- Region
- Sub-Saharan Africa
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85% of Kenyans Have Adopted Electronic Payment Products, Says MasterCard Study
Eighty five percent of Kenyans have adopted electronic payment products including bank accounts, mobile phone, prepaid cards or other payment products, according to a new study by MasterCard.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Money on the Move: Part Two of Our Interview With Carol Caruso, Senior Vice President, Channels and Technology at Accion
The growth in global mobile connectivity has been astonishing, and perhaps no sector has been more impacted than finance. We spoke recently with Carol Caruso, Senior VP of Accion’s Channels & Technology unit, about the shifting trends and future outlook of mobile finance in part two of this Q&A.
- Categories
- Technology
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Innovation in Somalia: Launch of E-Transfer Cards in Bossaso
In February, Somalia became the second country in the world where WFP has launched its groundbreaking new system for managing assistance programmes, a platform known as SCOPE. The SCOPE information system allows WFP to monitor and control all its distributions of food, cash and vouchers electronically and in near real time. SCOPE also allows WFP to register beneficiaries, store information on the amount of food or money they are entitled to and – in the case of cash or vouchers – transfer the specific amount onto the cards. There was a buzz of anticipation as the first SCOPE transfer cards were handed out.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments