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Mobile money boosts Econet revenues in Zimbabwe
Econet Wireless, the biggest telecoms firm in Zimbabwe, has 780,000 additional subscribers for the year-end to February, it said on Monday, while revenues have risen 8% to $752.7 million.
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- mobile finance
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Problems and Potential in Tanzania’s Mobile Money Ecosystem: Highlights from Helix’s Agent Network Accelerator survey
Tanzania has crafted an impressively successful ecosystem for mobile money, with a unique agent network system that can be used as a model for the rest of the world. But this network is also struggling with fraud, liquidity management issues and other challenges. The recent country report from the Helix Institute of Digital Finance provides insights into what’s working, and what isn’t.
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9 telecoms announce interoperable mobile money
Mobile money services have gained momentum with 9 telecoms — Airtel, Etisalat, Millicom, MTN, Ooredoo, Orange, STC, Vodafone, Zain – decided to accelerate the implementation of interoperable services across Africa and the Middle East.
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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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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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