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Virtual Network Operators in India Band Together in Attempt to Develop $4 Billion Industry
Virtual Network Operators Association of India (VNOAI) has been incorporated with the objective of promoting activities geared towards the development of Virtual Network Operators industry, US$ 4 billion business opportunity in India.
- Categories
- Technology
- Region
- South Asia
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Tanzania Becomes 1st Globally Achieving Full Mobile Money Interoperability
The interoperability means mobile phone subscribers transfer money across multiple networks thus enabling the country becoming first in the area. Bank of Tanzania Governor Prof Benno Ndulu said today that mobile phone active account represents 21.9million out of 62.8million accounts registered by five major tele-financial service providers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Visa Begins Mobile-Money Service to Rival Safaricom’s M-Pesa
Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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How Digital Financial Services Can Lift Nigerians Out of Poverty
A report, the “financial inclusion insight (FII),” has stressed that digital financial services (DFS) can play a key role in managing expenses and setting individuals and households on paths to stay out of poverty permanently.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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To Reach Millennial Customers, This Kenyan Telecom Giant Tried Shopping Like Them
For the last 16 years Safaricom, Kenya’s largest publicly traded company and East Africa’s largest telecom, has focused on signing up more mobile subscribers. With 87% of Kenya’s population already subscribed to mobile phone plans, Safaricom, partly owned by Britain’s Vodafone—along with its newer rivals such as India’s Bharti Airtel or Orange Kenya, partly owned by France’s Orange SA—are now chasing a smaller slice of the pie.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mixed Reactions in Ghana Over Interest Payments on Mobile Money
Customers of mobile money services have expressed mixed reactions to the payments of interests, a day after the process started.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Africa in World’s First Blockchain Bank Transaction
Africa was at the forefront of a major technology landmark this week as Barclays Africa and its UK parent company Barclays plc completed the world’s first trade finance transaction using blockchain technology.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- blockchain, fintech
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Uganda Has Highest Mobile Money Fraud Cases
Kampala — More than half of Uganda's mobile money agents have reported the highest incidents of fraud among the eight countries studied, a new report reveals.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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