MTN Rwanda has partnered with Tele10 to enable customers to pay their DStv, Canal+ and GOtv subscriptions using MTN Mobile Money. At a press conference to announce the partnership, Norman Munyampundu, general manager of MTN Business, said to use the service customers need to have a DStv, Canal+ or GOtv account and be a registered
KCB Group has won major awards in the prestigious annual Banking Awards announced on Wednesday evening. The largest bank in the region in terms of asset base and branch network, emerged the winner in four categories namely Best Bank in Agency Banking; Best SME Bank; Best Asset Finance and Best Recovery Bank which went to
The National Microfinance Bank has been named the best bank in Tanzania in the East African Bank Awards for 2014. In the awards ceremony held here on Wednesday evening, Stanbic Bank won the first runner up position for Tanzania and the young and fast upcoming Bank M was named the third best in the country.
PesaPrint has launched a cashless fare payment system for Kenyan public service vehicles (PSVs), adding to the competition in the multi-billion transport sector. Business Daily reports PesaPrint’s cashless system interoperability enables it to accept mobile money payment services such as Safaricom’s Lipa na M-Pesa, MasterCard’s PayPass and Visa’s PayWave. Competition is rife in the PSV
Uganda’s Bank of Africa (BOA) has launched a mobile banking platform geared towards earning the bank a larger market share amongst those using mobile money as a way of doing business. Known as Mobile Wallet, the platform will make it easier for BOA account holders as well as those without accounts to send and receive
MFS Africa has announced the launch of mjara Loans, a mass-market mobile money-based loan product. mjara Loans builds on the company’s existing KwikAdvance salary-advance loan product. The mjara Loans service is available to all MTN Mobile Money users, and will be extended to other mobile networks later this year. MFS Africa research shows that the
The Bank of Mauritius (the Bank) is pleased to announce that it has, granted Banking Licences to two new banks – Warwyck Private Bank Ltd and Banque Richemount Limited – to carry on private banking business in Mauritius. Warwyck Private Bank Ltd and Banque Richemount Limited are the first stand-alone, full-fledged private banks to be
Nairobi county hopes e-payments for parking will seal loopholes as it looks to meet the collection target of KSh2.2 billion (US$25.3 million) for the 2014/15 financial year set out in the County Fiscal Strategy Paper. It was reported earlier this month Nairobi county governor Dr Evans Kidero had signed an agreement with online payment platform
International Banker held its annual awards for acknowledging the top banking institutions across the Middle East and Africa. The Co-operative Bank of Kenya received awards in two categories: Innovation in Retail Banking and Best CEO Africa. The International Banker magazine offers a global view of banking and brings in-depth analysis on the people and innovations
Kenyan president Uhuru Kenyatta has revealed the government will be negotiating with financial institutions to make remittances to the country easier and cheaper, and urged the adoption of technology to bring down costs. Kenyatta told Kenyans living and working in Doha, Qatar the government would look into issues affecting Kenyans working abroad, among them unscrupulous
