Bango and MMIT have released M-Iflọ, a payment solution that enables online transactions for digital content. M-Iflọ navigates the mobile payment environment in Sub-Saharan Africa and is tailored to the needs of the industry leaders in mobile content. Africa’s growing population of smartphone users are young, tech savvy and early adopters by instinct. But when
Three million Zimbabweans who use the EcoCash Wallet can now also operate a savings account. Econet Wireless has launched a new service called EcoCashSave, which allows an EcoCash customer to move money from their eWallet to an interest bearing account in a matter of seconds. Whilst banks generally do not give interest on deposits of
In order to improve and track the quality of service offered to customers, KCB are rolling out a queue management system in some of their branches. The bank has already launched the queue management system in sixteen branches across the country. Each transaction is tracked from the point of entry in the waiting area up
South Africa and Kenya are leading the continent in embracing and adopting cashless payments, according to the results of a new global survey. Dubbed The Cashless Journey, the report shows that 43 per cent of South Africans, 27 per cent of Kenyans and 7 per cent of Egyptians, which came third in the continent, had
The Kenyan government will roll out digital signatures in the next two months to ensure an online identity and verification system to enhance security for online transactions. Speaking at the African Internet Governance Forum (AfIGF) at the Multimedia University in Nairobi, Fred Matiangi, cabinet secretary of information and communication technology, said the digital certificates will
The global African diaspora currently consists of more than 30 million individuals. The International Fund for Agricultural Development (IFAD) estimates that these migrants jointly contribute about US$40 billion annually in remittances to their families and communities in Africa. With this potential in perspective, Diamond Trust Bank, in association with the Nation Media Group (NMG), has
Tanzania’s Bank M has completed cloud migration, seeking to enhance customer experience and security through Google Apps, BlackBerry and Outlook interoperability. Jacqueline Woiso, deputy chief executive officer (CEO) at Bank M, said: “Since the bank’s inception, we have always believed in investing in the best and the latest in technology. “This has been our firm
Habil Olaka, chief executive officer (CEO) of the Kenya Bankers Association (KBA), has called for more investment in mobile money technology by banks to increase accessibility to banking services. Olaka, who officially opened the seventh annual AITEC Banking and Mobile Money COMESA Conference in Nairobi today, said adoption of mobile technology would increase efficiency and
SatADSL has launched a new satellite solution to support the nationwide deployment of ATM networks in areas of East Africa lacking communications infrastructure. The solution, launched at the ongoing AITEC Banking & Mobile COMESA conference in Nairobi, allows ATM operators and banks to deploy the machines in areas where terrestrial communication is not available. Speaking
Safaricom Business has launched online solutions that will enable Small and Medium Enterprises (SMEs) to access affordable high-end software hence transforming the way they manage business. The solutions will allow SMEs access to a Website, professional email, HR Payroll software and accounting software at competitive prices since users will only have to pay for the
