Airtel Launches New Money Transfer Product

Airtel Tanzania has announced an innovative new service on Airtel money that will provide its customers with a new experience when transacting with mobile money. Speaking during the launch, Airtel Managing Director Sunil Colaso said: “Today we are happy to launch our new Airtel Money campaign dubbed “Hatoki Mtu Hapa” loosely meaning “no one will

What is Driving the Success of Mobile Money Agents in Uganda?

After its official launch in Kampala in January 2014, The Helix Institute of Digital Finance has this week published its ‘Agent Network Accelerator Survey – Uganda Country Report’. The Uganda report is the first of eight country reports on agent networks, as part of the cutting-edge Agent Network Accelerator (ANA) research project/ ANA, a collaboration

AfrAsia Bank Launches Rewards Program

AfrAsia Bank has introduced a rewards program offering real time booking on over 450 airlines and at 200,000 hotels to its World and Titanium MasterCard cardholders. In collaboration with Infinia Services & Solutions and MasterCard, this rewards program enables cardholders to earn XtraMiles whenever they swipe their World or Titanium MasterCard credit cards. XtraMiles is

Tigo-Pesa, NMB Partner in Cash Transfers

TIGO and NMB Bank have launched an innovative service that enables customers of the bank and Tigo-Pesa services to deposit and transfer funds through a mobile phone. Speaking at the event, Mr Ruan Swanepoel, TigoPesa Commercial Manager and Mr Tom Borghols the NMB Acting Chief Executive Officer and Chief Risk Officer described the new service

Paynet Merges PesaPoint Network with Pep Intermedius

Kenyan payments provider Paynet has merged its PesaPoint agent network with that of Pep Intermedius, aimed at growing the PesaPoint brand and expanding its network. The expansion of the PesaPoint network will be taking place ahead of its new multi-institution agency model expected to be rolled out in partnership with mobile money providers and banks.

Equity Bank Kenya Upgrades Core Banking System

Equity Bank Group together with Infosys Technology, IBM, Oracle and Open Way Group have unveiled the successful upgrade of the Group’s integrated and robust IT platform which will enable the Bank roll out its future technology driven innovative products, provide comprehensive business functionality and enhance customer experience. Equity Bank core banking system has now been

CfC Stanbic Launches Till2Bank Mobile Payments Service

Kenya’s CfC Stanbic Bank has launched its “Till2Bank” service enabling business clients to accept payments via mobile money. CfC Stanbic Bank business banking and small and medium enterprise (SME) banking clients can now accept payments via M-Pesa, with the payment landing in the business bank account immediately. “We are delighted to be the first bank

We Are On Right Track, Says Tanzania Women Bank’s CEO

Since its establishment less than five years ago, the Tanzania Women’s Bank has managed to penetrate the market to reach more women entrepreneurs and generally spearhead the war against poverty in the country. The Bank’s founding Managing Director Mrs Margareth Chacha granted an exclusive interview to Daily News’ special correspondent. Excerpts. Tanzania Women’s Bank (TWB) is one

Safaricom Partner with Skrill to Allow Diaspora to Send Money to M-Pesa accounts

Kenya’s Safaricom is set to sign a deal with Skrill, a US-based remittances and online payment company, allowing Kenyan diaspora to send money directly to M-Pesa accounts. “All you need to send money is the receiver’s full name and an M-Pesa mobile phone number. The money is then instantly deposited directly into their activated mobile

Access Bank Opens Branch in Tabora

Access Bank Tanzania has opened a branch in Tabora Region to bring the number of its branches in the country up to ten, in accordance with its expansion programme. The branch opened recently offers a full range of banking services, business loans to micro, small and medium-sized entrepreneurs, Access Bank Chief Executive Officer, Mr Roland