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
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
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 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
The 3rd Annual East Africa Banking and ICT Security Summit – themed ‘Strengthening Banking and ICT Development in East Africa’ – will be held on April 25 in Kampala, Uganda. The one-day conference will centre on key security issues on core banking systems, software, mobile banking, cards and payments, fraud and risk management solutions. It
The Tanzania Communications Regulatory Authority (TCRA) has commended continued technological growth in the country’s mobile phone industry. TCRA Managing Director, Prof. John Nkoma, said in Dar es Salaam: “This growth has so far done a great job in improving Tanzania’s economy, as well as social development.” Prof. Nkoma was speaking at an event that saw
Equity Bank Group in Kenya and VFX Financial PLC in the UK have partnered to launch Equity Direct a real-time, cross border, multicurrency money transfer service from the UK to Kenya. The service will enable individuals and corporates in the UK to send money to any account at Equity Bank in the region. The service
Former Tanzanian President Ali Hassan Mwinyi has welcomed increased cross-border investment among East African countries, especially in delivery of financial services. Mr Mwinyi said this in Dar es Salaam, when officiating at the launch of KCB Bank Sharia Branch and lauded the firm for its continued investment in the country. He said KCB Bank, which
Exim Bank has urged more Tanzanians to utilize fully services offered by banks and other financial institutions, noting that saving money in banks is safer and the most convenient way of investing. Exim Bank Tanzania Assistant Manager (Corporate Relationship), Mr Justin Wambali, said people should use banks to save money for their future development. He
South Africa-based Net1 Mobile Solutions (“N1MS”), a business unit of Net 1 UEPS Technologies, Inc. together with its long-time partner Supa Pesa, has expanded its Advance Airtime African footprint with the launch of TeleKom Networks Malawi (“TNM”) Airtime Credit service, Pasavute. Pasavute, which means ‘No worries’ in Chichewa, allows subscribers of TNM to purchase airtime
