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M-Pesa, MoneyGram in money transfer service agreement
M-Pesa – through its parent company Vodafone – and global money transfer and payment services firm MoneyGram have signed an agreement enabling consumers to transfer funds directly from around 200 countries to the millions of M-Pesa users.
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Kenyan Banks Scrambling to Leverage M-Pesa
Kenyan banks are reported to be scrambling to leverage Safaricom’s mobile banking platform, M-PESA, to attract more customers.
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- Sub-Saharan Africa
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Safaricom Deal to Allow Diaspora to Send Money to M-Pesa Accounts
According to the Central Bank of Kenya (CBK), last year’s diaspora remittances reached US$1.3 billion (KSh112 billion), up from US$1.17 billion (KSh101 billion) in 2012.
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- Sub-Saharan Africa
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Zimbabwe’s Mobile Money Agents Form Association
Agents handling mobile money transactions for Econet, Telecel Zimbabwe and NetOne in Zimbabwe have formed an association to advance their interests and lobby for inclusion in policy making.
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- Sub-Saharan Africa
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African mobile phone leaders take action to expand financial inclusion
The 2nd African Mobile Phone Financial Services Policy Initiative (AMPI) Leaders Roundtable meeting held 4-6 February 2014 in Naivasha, Kenya, was a historic event and tremendous step forward in moving the region toward collectively focusing on harnessing and further enabling the expansion of digital financial inclusion across Africa.
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Is there a war for mobile money agents going on in Zimbabwe?
Over the past several days, the discussion in the mobile money space locally has been around a threatening SMS that Econet was accused of sending to their EcoCash agents, essentially telling them that becoming Telecash agents would be a bad move.
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Nonprofit launches the first global P2P lending platform
Zidisha has launched its global direct microlending platform at the legendary tech startup incubator Y Combinator. Dubbed an "eBay for microlending", Zidisha is the first online P2P lending platform to link individual lenders and borrowers directly across international borders.
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Kenyan Banks Battle to Go Fully Digital in Race for Cheap Deposits
A customer can deposit cheques, open an account, place standing orders, transfer funds, make balance enquiries and pay for utilities without actually going to the banking hall.
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- Sub-Saharan Africa