The 4th MobileMoneyExpo will focus on promoting financial inclusion in Africa, a continent that has shown great promises in the mobile financial services sphere but yet grappling with millions that are actively unbanked across all the regions. Financial inclusion has become the buzz word within the regulatory, policy,financial, innovators, technology circles and other stakeholders in
Global commerce platform and payments leader eBay Inc. has reported that revenue for the fourth quarter ended December 31, 2013, increased 13% to $4.5 billion, compared to the same period of 2012. The company reported fourth quarter net income on a GAAP basis of $850 million, or $0.65 per diluted share, and non-GAAP net income
SWIFT announced the creation of a global Know Your Customer (KYC) Registry, a centralised utility for the collection and distribution of standard information required by banks as part of their due diligence processes. Based on a collaborative industry-wide approach, the new utility will help banks to manage compliance challenges and reduce the high costs associated
MasterCard and Child & Youth Finance International (CYFI) have announced a global strategic partnership aimed at advancing financial capabilities of children and youth. Of the 2.2 billion children in the world less than 1 percent has access to any form of financial education, often exposing them to potential exploitation. MasterCard and CYFI share the belief
T-Mobile US, Inc. has announced the company is extending its Un-carrier consumer movement to personal finance – transforming smartphones into personal money managers that can free people from excessive fees they often pay to use their own money. The company calls this next phase of its consumer revolution Mobile Money by T-Mobile. “We’ve already transformed
The Kenya Bankers Association have released the findings of their latest survey which looks at the interplay between banks, mobile network operators and agency banking. The survey shows that a majority (60%) of Kenyans are utilising mobile phones to perform financial transactions, which has been helped by increased commitment by banks to offer mobile banking
OLX, the online classifieds site in fast-growing markets around the world, has announced that its mobile app has been downloaded more than 14 million times. With 123 million unique monthly visitors in 107 countries worldwide, OLX has quickly become the dominant player in emerging markets such as India and Brazil, where the company enjoys a
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed an increase in ATM withdrawal levels for December 2013. The SCI revealed a month-on-month increase of 2.97% in average cash withdrawal figures for December
A few days ago, TechZim broke the news that Econet and the banks are finally warming to each other on the issue of banks being granted access to Econet subscribers so they also provide mobile money transfer service to them. The banks are not completely happy yet, but integration talks are on and some of
Rwandan startup MERGIMS is aiming to provide a method for African diaspora to pay for products and services for their families in their home countries, minimising the need for expensive person-to-person money transfers. Co-founders Muhire Louis-Antoine and Niyo-Mugabo Gilbert pride themselves on their low customer levies, claiming to charge less than half of what international
