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Madagascar Becomes Second Market in Africa With Mobile Money Interoperability
The GSMA today announced that all three mobile money providers in Madagascar – Airtel Money, mVola and Orange Money – are rolling out interoperable mobile money services across the entire country. This launch makes Madagascar the second market in Africa, following Tanzania, where all mobile money providers are making their services interoperable, allowing transactions to flow seamlessly across all mobile money providers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bank Fight Telcos Over Mobile Money Dominance in Ghana
The Central Bank announced a new set of guidelines for the service about a year ago to improve money transfer via mobile phones. The new regulatory regime among others empowered telecom companies to also own and run the electronic money business like banks.
However, it appears the banks are rather concerned about the threat posed by mobile money services.- Categories
- Technology
- Region
- Sub-Saharan Africa
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Interest Payment on Mobile Money Wallets to Begin on Sept. 11 in Ghana
Mobile telecom operators with mobile money service have clinched a deal with their partner banks for them to pay interest on customers’ balances in their wallets.
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- Technology
- Region
- Sub-Saharan Africa
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Betting Craze Powers Mobile Money to 20 Percent Growth in Kenya
The volume of cash moving through mobile money transfer platforms grew by a fifth in the first six months of this year, powered by increased uptake of cellphone-based gaming, industry data shows.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mobikwik to Provide Mobile Wallets to Slum Dwellers With NGO Samagra
Payments company Mobikwik is partnering with non-government organisation Samagra to provide ICT-enabled mobile wallets to the urban slum dwellers the NGO works with.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why Zimbabwe Blocked MTN And Safaricom From Entering Local Market
The Zimbabwean government deliberately blocked the entry of South Africa’s MTN Group and Kenya’s Safaricom into the nation’s telecoms space in order to shield local operators from bigger international firms and promote their organic growth.
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- Technology
- Region
- Sub-Saharan Africa
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Tigo Tanzania unveils cross-network money service
Tigo Tanzania announced a move to allow its users to receive money from customers that use other major telecoms networks in the country. In a press conference held in Dar es Salaam, the company launched the new campaign, dubbed NITIGOPESA, which will see customers on all major networks in the country be able to transact mobile financial services with Tigo Pesa customers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Mounting pressure on Zimbabwe telcos as economy stagnates
Zimbabwe's deflated economy is impacting on the country's telecommunications industry and has forced operators to leverage promotions to reduce service tariffs. The local economy is battling severe cash shortages and resulted in a daily limit on withdrawals of approximately US$200.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa