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Press Release: Xpress Money and MTN Partner to Offer Mobile Remittances in Ghana
In a move that further strengthens Xpress Money's alternate channels portfolio, the money transfer company announced its partnership with MTN Ghana - a telecom giant in Ghana. Xpress Money customers remitting to Ghana will now be able to transfer money directly into the Mobile Wallets of registered MTN Mobile Money users in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Papua New Guinea Commits to Digitising All Government Payments
The Government of Papua New Guinea (PNG) has joined the Better Than Cash Alliance with endorsements from Minister for Finance, James Marape and Minister for Treasury, Patrick Pruaitch.
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- Uncategorized
- Tags
- digital payments
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Indian Mobile Wallet Leader MobiKwik Raises Close to $25 Million in Funding, Targets Another $100 Million By End of 2015
Mobile wallet company, MobiKwik, which has over 15 million users and 25,000 merchants, has announced that it raised close to $25 million in a Series B round led by Tree Line Asia. Cisco Investments, American Express and the existing investor, Sequoia Capital were part of the fund raising drive.
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- Technology
- Region
- South Asia
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No Distance Left to Run: India Post Shutters the Traditional Money Order Service
As Bob Dylan would croak, “oh the times they are-a changing”. India Post is quietly retiring its traditional money order service which facilitated pan-India door-delivery of funds to a payee from over 155,000 post offices, reports IANS. Shikha Mathur Kumar, the deputy director general for finance confirmed to the publication and added that India Post will be pushing the electronic money orders (eMO) and instant money orders (iMO).
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- Uncategorized
- Region
- South Asia
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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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