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Is there a war for mobile money agents going on in Zimbabwe?
Over the past several days, the discussion in the mobile money space locally has been around a threatening SMS that Econet was accused of sending to their EcoCash agents, essentially telling them that becoming Telecash agents would be a bad move.
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Micro lending startup ApexPeak to raise massive $200-million fund
ApexPeak is a micro lender that aims to loan money faster and easier than traditional banks would allow.
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- mobile finance
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Will T-Mobile be able to sort out America’s personal finance woes?
Not content with conquering one industry, the Seattle-based mobile network company is moving into the realms of personal finance
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- mobile finance
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Authors reveal how banks fought hard to kill M-Pesa
Kenyan banks fought tooth and nail to have M-Pesa shut down one year after its launch as its popularity was spreading like bushfire and posed a threat to their operations, a new book launched last evening reveals.
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- Sub-Saharan Africa
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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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- 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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