Tag: mobile money

News highlights – 28 September

News highlights – 28 September

Written by on September 29, 2016 in News with 0 Comments

News highlights for 28 September South African banks find mobile money formula Local telecommunication service providers have tried their luck with mobile money services with little or no luck. While South African telcos have found the going tough with their mobile money offerings, local banks are singing a different tune. Read more… Cyber firm challenges Yahoo […]

Continue Reading

Mobile money success ‘rammed’ home during holy Muslim feast

Mobile money success ‘rammed’ home during holy Muslim feast

Written by on September 13, 2016 in News with 0 Comments

DAKAR (Reuters) – Sheep are a hot commodity in Senegal leading up to the Muslim holiday Eid al-Adha, when each family traditionally slaughters a ram for a feast that has become a boomtime for traders who often travel hundreds of miles to sell their livestock. It is a tradition stretching back centuries, but these days […]

Continue Reading

Why banks struggle for success in mobile money/payments

Why banks struggle for success in mobile money/payments

Written by on August 23, 2015 in Features with 2 Comments

Times have changed and with change comes opportunity. Over the past few years, the face of financial payments in most developing countries has taken a radical change from a bank model to a mobile network operator (MNO) dominated model. This change has brought about financial inclusion to most marginalised citizens and has greatly brought efficiency […]

Continue Reading

In India, mobile disbursements to save lives

Written by on July 31, 2015 in Snippets with 0 Comments

NEW DELHI: Vodafone India announced its partnership with the Madhya Pradesh government to facilitate mobile-based disbursement of financial assistance to mothers under the Janani Suraksha Yojana scheme. The initiative, which has been activated through Vodafone’s mobile money transfer scheme and payment service, the Vodafone Mesa has been running in pilot stage in Vidisha since May […]

Continue Reading

Can the M-pesa model work in ‘developed’ economies?

Can the M-pesa model work in ‘developed’ economies?

Written by on June 26, 2015 in BillingViews, Opinion with 0 Comments

New research from Juniper Research proves what we all know – that money transfer services are growing strongly in many parts of Africa and elsewhere. The icon of mobile money services, Safaricom and its M-pesa service, recorded mobile money revenues of $330 million in the last financial year. Meanwhile, MTN Uganda and Vodacom are generating […]

Continue Reading

Microsoft gets a mobile money license

Written by on April 8, 2015 in Snippets with 0 Comments

Not content to cede the realm of NFC-powered mobile payments to Apple and Google, Microsoft is in the midst of developing its own tap-to-pay service for Windows smartphones. Banking consultant Faisal Khan spotted an entry in the NMLS database that shows Idaho has given the Redmond-based company a license to transmit money. Obtaining those licenses in […]

Continue Reading

In the mobile money arena giants jockey for position

In the mobile money arena giants jockey for position

Written by on April 2, 2015 in Opinion with 0 Comments

In the next four years the ‘mobile money’ market is predicted to grow at an annual growth rate of 44.6 percent. This will take its value from $12.34 billion last year to $78 billion and change in 2019. This is according to a new report. Given this target it is hardly surprising that the largest […]

Continue Reading

The mobile money opportunity is awesome

The mobile money opportunity is awesome

Written by on March 6, 2015 in BillingViews, Features with 0 Comments

(Reuters) – Globally, an estimated 2.5 billion people don’t have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the ‘unbanked’ to store cash, manage their accounts, make purchases and send and receive money – part of so-called ‘financial inclusion’. In a report this week, […]

Continue Reading

A bank that pays its customers

A bank that pays its customers

Written by on December 4, 2014 in BillingViews, News with 1 Comment

How many banks do you know that share their massive profits with their customers? None? Well now we can add one to that lonely list. Tigo Pesa, a mobile money service of Tanzanian operator Tigo, is sharing its profits with individual customers as well as the agents who take money from customers and credit their […]

Continue Reading

M-PESA – ready for Europe?

M-PESA – ready for Europe?

Written by on November 25, 2014 in BillingViews, Opinion with 0 Comments

For several years now we have been pointing at M-PESA as a beacon of a successful money transfer solution. For almost as long, we have been pointing at M-PESA and saying ‘that is all well and good, but it could only work in parts of Africa. Oh, and other regions with low banking penetration.’ Now, […]

Continue Reading

Top