Total Tanzania Goes M-Pesa

Total Tanzania customers are now set to pay for fuel through M-Pesa, following the company’s partnership with Vodacom Tanzania. Motorists will now make use of the companies’ widespread networks reliably, and will use mobile phone technological developments (M-Pesa) from acrossthe country. Speaking during the launch of the partnership, Vodacom Tanzania External Relations Manager, Salum Mwalim,

Tigo Partners with 17 Banks on Cash Transfers

Tigo has partnered with 17 major banks in Tanzania to enable its clients send and receive money through transactions between the banks and Tigo Pesa. Launching the service in Dar es Salaam, the company announced that Tigo customers will now have round the clock ability to instantly withdraw and deposit funds via Tigo Pesa to

EcoCash Boasts of Having Handled Transactions Worth over $4 billion

Econet Wireless Zimbabwe says that its mobile money transfer service, EcoCash, has handled transactions in excess of $4 billion since the service was introduce in 2011.This was highlighted by Econet’s group CEO Douglas Mboweni to parliamentarians at a familiarisation tour of the company. This impressive figure was achieved though 170 million transactions handled by the

Guaranty Trust Bank to Issue MasterCard Payment Products in Kenya

MasterCard has announced the licensing of Guaranty Trust Bank (GTBank) to issue MasterCard debit, credit and prepaid cards in Kenya. The collaboration is expected to increase the adoption of electronic payments in the country, especially in the retail banking sector. James Wainaina, Vice President and Area Business Head, MasterCard East Africa said: “MasterCard’s vision for

CRDB Bank Keen on Spreading its Services

In a bid to back up government’s efforts in enhancing financial inclusion, the CRDB Bank has been investing heavily in expansion of its network to take services closer to customers. Tanzania recently launched the national financial inclusion framework to focus on priorities like payment platforms, infrastructure and consumer protection, with an overall goal of giving

Nairobi County Government Partners with JamboPay for e-Payments

Nairobi county governor Dr Evans Kidero has signed an agreement with online payment platform JamboPay in a move to stamp out corruption in revenue collection in Kenya’s capital. The e-payment platform will be accessible through mobile phones, online, and physical agents. In the agreement signed at City Hall with Danson Muchemi, JamboPay chief executive officer

Case Study: Kopo Kopo Facilitates Mobile Payments in Kenya

GSMA Intelligence recently released a case study of Kopo Kopo in Kenya where they set out to provide tools to small and medium businesses to enable them to accept mobile money payments and to take advantage of related value added services that would allow them to grow. Kenya is home to the most advanced mobile

Kenya’s Financial Service Industry to Introduce Paperless Transactions

Sybrin has partnered with the Kenya Bankers Association (KBA) and the Central Bank of Kenya (CBK) for paperless IT solutions designed to lead to efficient operations, lower costs, improved compliance and better knowledge management. Speaking during a one-day conference for its customers in Nairobi, Daniel Parreira, sales director of Sybrin Systems Africa, said the paperless

Majority Tanzanians Accessing Mobile Phone Money Services

Over half of Tanzania’s adult population currently have access to financial services compared to just 27 per cent in the year 2009, thanks to mobile phone money services which central bank boss Prof Benno Ndulu also describes as ‘electronic wallet.’ The improvement, which stands at 57 per cent of the population above 16 years old,

Exim Bank Expands its Footprint in Comoros

Exim Bank Tanzania has expanded its footprint in the Comoros by opening its fourth branch in Domoni (Anjouan), in a move designed to take services closer to customers in the islands. The Governor of Anjouan, Mr Anissi Chamsidine, who was the chief guest, at the inauguration at the weekend, commended Exim Bank for its efforts