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Viewpoint: The Challenges of Mobile Financial Inclusion
One of the gating factors to financial inclusion is the mobile network itself. It sounds simple to say that all of Africa can have access to mobile money, and they can, but if each telco has different wallet structures, charges and fees, then the ease of usage falls sharply. This is why interoperability is a key factor and Tanzania leads the way in this regard.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Airtel Ghana Launches Mobile Money Loan Scheme
Airtel has partnered with Fidelity Bank and Tiaxa, a global leader in Nano credits to launch Airtel Money Bosea – a Nano loan scheme that provides access to financial services enabling customers to borrow money instantly through their Airtel Money wallet anytime, anywhere.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Zimbabwe’s Cash Shortage Hits Mobile Money Services
Mobile money transfer agencies in Bulawayo have in the past few days recorded low business due to the cash crisis that hit the country in recent weeks.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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TransferTo, Barri Partner to Provide Mobile Money Transfers in El Salvador
Barri Financial Group, a U.S.-based money transfer service provider, has signed a strategic partnership with TransferTo, a B2B mobile payment network, to enable real-time mobile money transfers to Tigo Money accounts in El Salvador.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech, remittances
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Safaricom of Kenya Talking to Banks to Grow Mobile Money
Safaricom Ltd., Kenya’s largest company by market value, is in talks with 19 banks in the East African nation to increase users of its mobile-money transfer platform, Chief Executive Officer Bob Collymore said after the company posted higher annual profits.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why M-Pesa Failed in South Africa
South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Kenya Revenue Authority Now Targets Mobile Money to Smoke Out Tax Cheats
The Kenya Revenue Authority (KRA) is seeking access to individual and companies' mobile money transaction records in a move that is intended to open a new front in the fight against tax cheats.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Sports Betting in Kenya Lifts Vodafone Mobile-Money Volumes
Kenyans using mobile-money platform M-Pesa to bet on the outcome of sporting events helped Vodafone Plc’s unit in the East African country boost transaction volumes by 48 percent in the past year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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