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Bob Collymore Shoots Down Claims of Facebook Buying MPesa Platform
Safaricom CEO Bob Collymore has dismissed as fake the story doing the rounds on the interwebs that Facebook’s Mark Zuckerberg wants to buy mobile money platform M-Pesa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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MTN Group and MMI Holdings Announce Launch of Micro Insurance Joint Venture
MTN Group and South African based financial services group, MMI Holdings on Wednesday announced the launch of a micro insurance joint venture, branded aYo which will provide a strong basis to compete in a changing mobile financial services industry.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Tech Entrepreneurs Find an Oasis in Startup-Parched Myanmar
On a recent evening, a group of aspiring young tech entrepreneurs packed a room in downtown Yangon to learn how to pitch their ideas to venture capitalists. The venue, Phandeeyar, means "creation place" in Burmese, a lofty goal captured in its full title, Myanmar Innovation Lab.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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MTN South Africa May Pull Plug on Mobile Money
South Africa’s second largest mobile network by subscribers, MTN South Africa, has stopped signing up new Mobile Money customers as it studies the feasibility of the product.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Nigerian Regulator Restores WorldRemit, 10 Other Money Transfer Operators
The Central Bank of Nigeria has given new operating licenses to 11 International Money Transfer (IMTOs) service providers, in efforts to open up the market and make foreign exchange readily available to the nation’s low income earners.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Bank Fight Telcos Over Mobile Money Dominance in Ghana
The Central Bank announced a new set of guidelines for the service about a year ago to improve money transfer via mobile phones. The new regulatory regime among others empowered telecom companies to also own and run the electronic money business like banks.
However, it appears the banks are rather concerned about the threat posed by mobile money services.- Categories
- Technology
- Region
- Sub-Saharan Africa
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Mark Zuckerberg has made a surprise visit to Nairobi to learn about mobile money
On his surprise tour of tech hubs in Africa, Mark Zuckerberg has made a pit stop in Nairobi. Announcing his arrival on Facebook, he described talking with entrepreneurs working out of the tech space, the iHub, and dining on ugali and tilapia with Kenya’s cabinet secretary of information and communications.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Betting Craze Powers Mobile Money to 20 Percent Growth in Kenya
The volume of cash moving through mobile money transfer platforms grew by a fifth in the first six months of this year, powered by increased uptake of cellphone-based gaming, industry data shows.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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