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Banks in Zimbabwe face new threat from mobile money
LOCAL banks face a tough hurdle as the emergence of mobile money transfer services (MMTS) appears to pose a serious threat to their survival.
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PRESS RELEASE: World’s first international mobile money service with currency conversion launched
Today, for the first time ever, mobile money users will be able to transfer cash across borders with currency conversion automatically included.
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Visa Partners with Airtel in Kenya to Launch Global Mobile Money Visa Card
According to Visa’s Head of Emerging Products & Innovation for Africa, Dougie Henderson said: “This strategic partnership with Airtel and Chase Bank brings the benefits of electronic payments to the under banked in Kenya by being innovative in mobile money services.
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- Sub-Saharan Africa
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PayPal’s New ‘Digital Wallet’ May Accept Bitcoin
One day after that report made the rounds, Entrepreneur magazine discovered that PayPal began to crack down on users who utilized its platform to sell bitcoin.
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- digital payments
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The Other Driver of Financial Exclusion: Poverty alone isn’t keeping people unbanked, says Ignacio Mas
Much of the discussion in financial inclusion revolves around poverty. But in Part 6 of our Mobile Money Movers series, thought leader Ignacio Mas explains why poverty itself isn’t the biggest thing keeping the unbanked out of the formal financial system. Mercy Corps’ Kyla Yeoman interviews Mas in this fascinating and wide-ranging video Q&A.
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Airtel Money generates 30m transactions worth $1b monthly in Africa
With its activities cutting across 15 countries in Africa, the Airtel Money has been described as a significant contributor to the mobile financial sector in Africa as it generates a monthly average of 30M transactions valued at $1 billion from an active base of 5 million customers.
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Ugandan mobile money agents in the spotlight
The Helix Institute of Digital Finance launched its first country report on agent networks in Uganda as part of its Agent Network Accelerator (ANA) research project. According to Helix Institute, “ANA, a collaboration between the Bill & Melinda Gates Foundation and MicroSave, is the largest research project on agent networks in the world, designed to determine what drives their success and scale.”
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- Education
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Proof of identity hindering Nigeria’s N1.1trn mobile money business
The lack of generally accepted proofs of formal identification required to assist service providers navigate KYC (Know Your Customer) concerns has been identified as a major drawback to the success of mobile money operations in Nigeria, according to a new report released by Lafferty Group and obtained by BusinessDay on Tuesday.
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