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38% of payments made in Swaziland are through mobile money
The Centre for Financial Regulation (CENFRI) states that MM was one of the many market payments available in the country together with eWallet, credit electronic fund transfer (EFT), debit EFT, Point of Sale (POS), paper based to name but a few.
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Mobile payments will exceed half a trillion dollars worldwide
The value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40% year-on-year, according to Juniper Research.
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- Technology
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In Zimbabwe, Econet and Western Union to integrate money transfer systems
ECONET Wireless has entered into a commercial arrangement with global money transfer agency Western Union that will enable people to send money from abroad to account holders of its mobile money transfer platform EcoCash. This means EcoCash account holders will not need to physically visit Western Union branches to receive money sent through the money transfer agency.
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Vodafone’s mobile wallet service M-Pesa in Kerala
Vodafone India and ICICI Bank today announced the launch of 'M-Pesa', a mobile money transfer and payment service, in Kerala. 'M-Pesa' is the trademark of Vodafone. The service was formally launched today by Suresh Kumar, operations director - south; S Murali, Business head - Kerala and Suresh Sethi, business head of M-Pesa.
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MasterCard funding Grameen Foundation initiative to bring financial services to the unbanked in Kenya
MasterCard is funding a Grameen Foundation initiative to bring financial services to the poor and the unbanked in Kenya.
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Kenya officially gives green light to three mobile virtual network operators
Kenya’s number of mobile money players could jump from four to seven after the country has officially awarded three mobile virtual network operator (MVNO) licences this week.
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- governance, mobile finance
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In Kenya, roaming rules to force telcos to share facilities
A ‘national roaming’ regulation is in the pipeline to make it mandatory for the existing four mobile network operators to allow cross-network usage of their facilities countrywide, the regulator said on Friday.
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Report: Global mobile payments to rise 40% this year
A new report from Juniper Research has found that the value of global payments via mobile devices will reach around $507 billion this year, a rise of nearly 40% year-on-year.
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