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Nigeria Inter-Bank Settlement System targets 500,000 agents to boost financial inclusion
The Nigeria Inter-Bank Settlement System Plc has relaunched an e-payment platform, mCASH, targeting 500,000 agents, in a bid to deepen financial inclusion in the country.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Mobile industry to add $150b to Africa’s economy by 2022, as subscribers rise
GSMA is pegging the rise to the growing number of mobile subscriptions, which it expects to hit 634 million — equivalent to 52 per cent of the population — by 2025, from 44 per cent as at the end of 2017.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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M-Pesa Loses Ground on Person-to-Person Money Transfers
According to the latest report by Communications Authority of Kenya (CA) shows that M-Pesa still commands a large market share compared to the competition with a whopping 23.6 million subscribers up against 3.3 million on Airtel money and 1.9 million on Equitel.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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UN pushes for cross-border mobile money payments
The move is intended to facilitate interconnectivity between registered mobile money account owners within Kenya and across the continent, totaling 277 million according to a 2017 report.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Tanzania considers pushing telcos to refund mobile money fraud victims
The minister responsible for communications, Mr Isack Kamwelwe told The Citizen newspaper that the government has received numerous complaints from the public against telcos, citing failure to take stringent measures against the theft.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Coming soon to Rwanda: Mobile money transfers across networks
These approvals will set the stage for the telcos to start commercial negotiations, agree on transaction tariffs and sign agreements with an independent switch provider, enabling them to embrace mobile money interoperability or the ability to offer services across networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Who is delaying mobile money operations across networks in Rwanda?
At the moment, MTN Mobile Money and Airtel Money users cannot send or receive money across networks, a situation that has caused inconveniences for many people.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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An Isolated Country Runs on Mobile Money
The continent, home to many of the world’s frontier economies, has come closest to skipping, or “leapfrogging” as it’s often called, traditional brick-and-mortar banks and going straight to heavily using phones as wallets.
And nowhere are the benefits of mobile money more apparent than in Somaliland, where the extreme economic and financial conditions have allowed Zaad, a service from the main local telecom, Telesom, to catalyze commerce in one of the most isolated parts of the world.- Categories
- Finance
- Region
- Sub-Saharan Africa
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