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Banking for All – Drive to ensure world’s poor have access to accounts
For banks, there is the chance to harvest the deposits of millions of new customers and establish a presence in small but fast-growing markets.
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Kenyan Banks Battle to Go Fully Digital in Race for Cheap Deposits
A customer can deposit cheques, open an account, place standing orders, transfer funds, make balance enquiries and pay for utilities without actually going to the banking hall.
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- Region
- Sub-Saharan Africa
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Faster networks to drive mobile money
THE roll-out of super-fast mobile networks will aggressively drive the uptake of mobile money services, as research by MEF, the global community for mobile content and commerce, shows a quarter of users say they do not make mobile payments because "the network is too slow".
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More Zimbabwe companies paying salaries using mobile money
A ‘cash crunch’ in Zimbabwe is forcing more local companies to turn to mobile money to pay workers’ salaries.This is according to officials at Econet who say that use of their ‘EcoCash Payroll’ service has risen 82% amid “liquidity problems” facing banks in the country.
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Myanmar gets first national mobile money service
Myanmar Mobile Money has launched a range of services including P2P funds transfer via mobile phones as it seeks to exploit what is a prime market with an underdeveloped financial sector.
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- Uncategorized
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More mobile money choices for Zimbabweans
Competition is heating up in Zimbabwe’s mobile money space as telecom firms look to outwit each other in order to cash in.
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Did T-Mobile just pull an Android on U.S. banks?
Operators have been trying for ages to launch mobile banking schemes hoping to create new revenue opportunities for themselves. T-Mobile’s latest attempt, dubbed Mobile Money, offers a refreshing new perspective on the space. Drawing on the playbook of innovators like Google and Amazon, T-Mobile uses two strategies that are indeed quite un-carrier-like.
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- Technology
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Quickteller supports cardless withdrawals for Nigerian mobile money users
Mobile money users in Nigeria can now make cash withdrawals from ATMs without a bank account or card, according to Interswitch Transnational, due to the ability of its Quickteller to power cardless ATM withdrawals.
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