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Report: Africa’s mobile money operators lean towards regional interoperability
Although mobile money interoperability inside most African markets is staggered, mobile money platforms in East, West and Central Africa have opened up cross border mobile money transfers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Deciphering the Data Deluge: Making Data More Useful for Financial Inclusion
Data can have a transformative impact on financial inclusion efforts. But it will reach its full potential only if industry stakeholders can truly understand and utilize it for the benefit of customers. In this Q&A, Camilla Nestor, CEO of MIX, discusses how MIX's FINClusion Lab is making data available to financial services providers, regulators, policymakers and others in a format they can actually use.
- Categories
- Finance, Technology
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Uganda telecoms, government fight over Shs44 trillion mobile money industry
While Uganda has multiple telecom companies, the fight to defend business secrecy appears to have been left to the two telecom giants -- MTN Uganda, which says it controls 55% of the telecom market share or about 11.2 million subscribers, and its main challenger; Airtel Uganda.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya won’t force a spin-off of the world’s leading mobile money service after all
Almost exactly a year ago, a report from an independent consultant to Kenya’s telecoms regulator, sparked uproar and panic. It recommended the government look into breaking up the dominant mobile operator Safaricom by spinning off the even more dominant mobile money service, M-Pesa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India adopting to mobile wallets faster than US, UK; beats China too
Mobile wallets had emerged as an e-commerce payment tool in India but post demonetisation, are being used for day-to-day transactions at supermarkets, grocery stores, street vendors, tea stalls, fuel stations, and even inside taxis and auto-rickshaws.
- Categories
- Finance
- Region
- South Asia
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Press release: DOCOMO Digital Partners with Safaricom to Launch the First App Store Integration with the World’s Most Popular Mobile Money Service
The integration, which is powered by DOCOMO Digital’s mobile commerce enabling platform using Google Play’s payment API, allows M-PESA customers to use the mobile money service to pay for goods and services from the app store.
- Categories
- Finance
- Tags
- digital payments, fintech
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Zimbabwe is pushing for mobile money interoperability as its cash problems linger
The idea of interoperability in simple terms is to enable a mobile money customer on one network’s proprietary system to send or receive money from another customer on a different network. Regulators typically want this to help boost competition, drive financial inclusion and encourage consumer usage. Network operators are less keen due to the short to medium costs as well as the fact it it reduces the need for customers to own multiple phone services to move money around.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Super Platforms in Africa: Not if, but When
Imagine low-income, rural entrepreneurs throughout Africa actively leveraging super platforms like Facebook and Alibaba to conduct all their business interactions, from customer payments to orders from suppliers. This scenario isn't that far-fetched, says BFA's Yanina Seltzer. She explains why the march of the super platforms into Africa is inevitable – and what it will mean for financial services providers, regulators, and small and medium enterprises.
- Categories
- Finance, Investing, Technology
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