Safaricom Launches M-PESA Statements Service
3G Direct Pay Group is First in Africa to Earn Top Data Security Honors for Mobile Payment App
62% of Adults in Tanzania Now Use Mobile Money Services
Some 62 percent of adults are covered with mobile money services across the country so far, a national financial digital money conference heard in Dar es salaam. The Bank of Tanzania Senior Legal Counsel, George Sije said, during the Mobile Money and Digital Payments Conference running under the theme Risk Management in the Mobile Money Ecosystem.
Safaricom to Introduce a New Health Payment Platform
Safaricom has partnered with PharmAccess Foundation and CarePay to introduce a new health payment platform that will deepen the ability of citizens to access healthcare. The ‘M-Tiba’ platform will deliver a mobile ‘health wallet’ that channels donor funds meant for health services directly to recipients – allowing for effective tracking and monitoring of use of
MTN Rwanda Deepens Financial Inclusion with Mobile Money Regional Remittance
In yet another exciting development in mobile money innovation, MTN Rwanda, the country’s telecommunications leader has announced that it has opened its corridor with Safaricom in Kenya that will see MTN Mobile Money and M-PESA users send and receive money seamlessly and affordably between the two countries. This comes just a month after the Company
Kenyan Dairy Processor Partners with Safaricom on Cashless Solution
Leading dairy processor, New KCC has partnered with Safaricom to roll out a Kshs. 55.7 million cashless solution, to enhance business efficiency and address risks associated with cash handling. Through a mobile application, over 200 sales and distribution agents for New KCC will be able to place and process orders, access real time reports on
CRDB Bank Plans to Open Branches in DRC, Zambia
CRDB Bank plans to open branches in the Democratic Republic of Congo (DRC) and Zambia, Managing Director, Dr Charles Kimei, said at the weekend. “Plans are underway to venture in the Democratic Republic of Congo and Zambia. We are already operating in Burundi,” Dr Kimei said during the bank’s Family Day. He said the bank
Bank Rewards Depositors to Encourage Culture of Saving
After launching the Save and Win prize-linked savings campaign in October, this year, First National Bank (FNB) named the first monthly winner. A Dar es Salaam resident, Ms Imelda Lutebinga, has emerged the winner for entries received during October, at a function that was supervised by officials from Tanzania Gaming Board (TGB). “This campaign provides monthly
Use SACCOS as Agents, Kilimanjaro Bank Urged
Kilimanjaro Co-operative Bank Limited (KCBL) has been advised to make use of Savings and Credit Cooperative Societies (Saccos) as its agents so that villagers get access to banking facilities easily. Kilimanjaro Regional Undersecretary (Finance and Productivity), Mr Simon Msoka, said here recently that the project is viable and will be beneficial to the bank as
Mwalimu Bank Listing Likely Next Week
Listing of Mwalimu Commercial Bank (MCB), on Dar es Salaam Stock Exchange (DSE), is slated for next week. DSE officials and brokers said listing would be done next week for more convenience, since tomorrow the nation was going to celebrate the swearing in of the new president. The listing comes after successful primary offer that
