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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.
- Categories
- 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.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Kenya, Uganda in Plans to Pull Informal Sector Into Tax Bracket
The turnover tax was passed in the Finance Act 2006, and the rate charged is 3 per cent. Businesses taxed under this Act are expected to maintain cashbooks, sales receipts and invoices, daily sales summaries, purchase invoices and bank statements. The penalty for failing to file returns by the due date is $20.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Tech Mahindra Is the Third Entity to Drop Its Payments Bank Plan in India
Mahindras on Tuesday became the third entity to drop out of the payments bank race, saying business profitability would take longer time due to “aggressive posturing” by many deep-pocketed players.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Pakistan State Bank Issues Rules for Mobile Banking Interoperability
The State Bank of Pakistan (SBP) and Pakistan Telecommunication Authority (PTA) jointly developed regulations for mobile banking interoperability for banks and mobile network operators to enhance outreach and connectivity.
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- Technology
- Region
- North Africa & Near East
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Facebook Has Finally Launched Free Basics in Its Biggest African Market
Social network giant, Facebook, has launched its Free Basics service in Nigeria, Africa’s most populous country—and its biggest market on the continent. The platform which allows users to access listed websites at no cost was launched in partnership with Airtel, the country’s third largest telecoms operator with almost 34 million subscribers.
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- Technology
- Region
- Sub-Saharan Africa
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Viewpoint: The Challenges of Mobile Financial Inclusion
One of the gating factors to financial inclusion is the mobile network itself. It sounds simple to say that all of Africa can have access to mobile money, and they can, but if each telco has different wallet structures, charges and fees, then the ease of usage falls sharply. This is why interoperability is a key factor and Tanzania leads the way in this regard.
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- Technology
- Region
- Sub-Saharan Africa
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Safaricom of Kenya Talking to Banks to Grow Mobile Money
Safaricom Ltd., Kenya’s largest company by market value, is in talks with 19 banks in the East African nation to increase users of its mobile-money transfer platform, Chief Executive Officer Bob Collymore said after the company posted higher annual profits.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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