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2014 Mobile Money Transfers Up By 80 Percent in Zimbabwe
The value of mobile money transfers rose by 80 percent to $1,4 billion in 2014 against the prior year in tandem with the now widespread use of cell phones in Zimbabwe.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Airtel Money Hits Over 1 Million Transactions in a Month in Ghana
Airtel Ghana, multiple award winning company has attained another great milestone with its Convenient, Secure and Instant mobile money service.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Consumers Trust Their Bank Most to Provide a Mobile Wallet
When it comes to mobile wallets, journalists and bloggers have focused on offerings from tech companies like Apple and Google, but consumers are more likely to trust their own bank as a provider, a new ING International Survey of 10,169 mobile users shows.
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- Technology
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Weekly Roundup: Sympathy for the Super-Rich: They don’t care much about socially responsible investing – but are the rest of us any better?
Only 20 percent of investors with a net worth of $5 - $25 million factor social responsibility into their investing decisions, according to a recent survey.
You may be rolling your eyes at the obliviousness of these multi-millionaires to the potential impact of their wealth. That was my initial reaction – until I remembered the email I received last January.- Categories
- Investing, Telecommunications
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Driving Financial Inclusion at 4G Speed
Base-of-the-pyramid financial services providers in emerging markets are increasingly using data analytics to pioneer new products for reaching the unbanked. Alifinance in China is using the underlying transaction data of vendors on the giant online platform Alibaba to underwrite small business loans. M-Shwari in Kenya leverages M-Pesa's mobile money data for short-term, unsecured credit. Cignifi analyzes cell phone usage to provide credit as well as savings propensity scores. Lenddo uses online social network data for credit risk assessment. Similarly, a number of companies including Tiaxa and MODE use cell phone data to extend immediate nano-credits to prepaid customers who run out of airtime balances.
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- Technology
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Africa Can Lead the Way in Mobile
It is a truth universally acknowledged that the future of Africa is mobile. And it does seem that the good news for mobile in Africa keeps on rolling in. This month a bullish MTN Group announced a 20% jump in net profit in 2014 from the previous year, with sales growth in Nigeria and other major markets such as Cameroon and Uganda. The company announced that it would invest R30bn this year to grow its infrastructure in the 23 countries where it operates.
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- Technology
- Region
- Sub-Saharan Africa
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Press Release: Millicom Launches Rwanda’s First Mobile-Based Savings Product with Tigo Cash
Millicom (Stockholmsbörsen: MIC), the international telecommunications and media company, announced today that its Tigo operation in Rwanda has launched the country’s first mobile-based savings product – Tigo Sugira – with Tigo Cash.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Report: Cross-Border Mobile Money Transfer Could Be Available Across East Africa by End of Year
Kwale — Citizens of the East African Community will by the end of this year be able to transfer money via mobile phones across borders if full implementation of the One Area Network Agreement (OANA) succeeds.
- Categories
- Technology
- Region
- Sub-Saharan Africa