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More Zimbabwe companies paying salaries using mobile money
A ‘cash crunch’ in Zimbabwe is forcing more local companies to turn to mobile money to pay workers’ salaries.This is according to officials at Econet who say that use of their ‘EcoCash Payroll’ service has risen 82% amid “liquidity problems” facing banks in the country.
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Myanmar gets first national mobile money service
Myanmar Mobile Money has launched a range of services including P2P funds transfer via mobile phones as it seeks to exploit what is a prime market with an underdeveloped financial sector.
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More mobile money choices for Zimbabweans
Competition is heating up in Zimbabwe’s mobile money space as telecom firms look to outwit each other in order to cash in.
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Quickteller supports cardless withdrawals for Nigerian mobile money users
Mobile money users in Nigeria can now make cash withdrawals from ATMs without a bank account or card, according to Interswitch Transnational, due to the ability of its Quickteller to power cardless ATM withdrawals.
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A Mixed Bag in Kenya: Safaricom’s products have moved far beyond M-PESA – but are they reaching the poor?
With amounts equivalent to over 40 percent of Kenya’s GDP flowing through M-PESA, Safaricom’s success in person-to-person mobile money transfers is legendary. And over the last two years, the telco has added innovative financial services beyond basic P2P transfers that have reached millions of customers. But research from InterMedia suggests that these products aren’t yet being adopted by the groups that need them most.
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- Education
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MasterCard encourages debit, pre-paid cards to advance financial inclusion in India
With a high growth potential, debit and pre-paid cards can be used to accelerate financial inclusion and reaching out to rural India, a senior MasterCard Worldwide official said here today.
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“It is high time for mobile network operators to transform”: The CEO of Eko, on bridging the bank/telco divide
There is no love lost between banks and telcos in many countries. But Eko has found a way to leverage the strengths of both to bring needed banking services to underserved customers. In Part 5 of our Mobile Money Movers series, Eko CEO Abhishek Sinha discusses his company’s unique branchless banking model, and the need for telcos to evolve - perhaps by emulating Facebook.
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Bitcoin’s bit part for mobile money
From central bankers and academics to speculators, everyone is getting over-excited about Bitcoin. Everyone that is apart from consumers, very few of whom have first-hand experience of buying actual goods with the virtual currency.
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- digital payments
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