TRANSFAST, the global money transfer company, announced partnerships with three leading Kenyan banks for instant deposits, and the launch of M-PESA service. Both instant deposits and M-PESA service enable customers worldwide, online and in person, to make instant transfers to Kenya 24x7x365, including bank holidays. In addition to the instant services, TRANSFAST offers same-day deposits
MoneyGram, a leading global money transfer company, announces that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent. Recent technology advances and new agent and sub-agent signings, including an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, have
PayGo solar expert Azuri Technologies, leading mobile network operator Tigo and principal cellular retail operator Lotus Africa announce at Mobile World Congress their strategic partnership to bring integrated pay-as-you-go energy and mobile payment services to rural households in Tanzania. The partnership aims to bring solar power, mobile phone charging and mobile money services to over
Despite a fair number of attempts at elaborately fleshing out Mpesa for readers, in this article I outline 5 more things left out by: Claudia McKay & Rafe Mazer did an article for the CGAP titles “10 Myths About Mpesa: 2014 Update” – a follow up to a previous article by Claire Alexandre “10 things
Visa Inc. and Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa, announced a partnership to bring innovative mobile payment services to seven markets in Africa including Gabon, Ghana, Kenya, Madagascar, Rwanda, Seychelles and Tanzania. Visa and Airtel will build on the existing capabilities of Airtel’s Mobile Money
Millions of M-Pesa and Tigo Pesa customers in Tanzania will soon be able to send and receive money directly into each other’s wallets. This follows the recent signing of a mobile money interoperability agreement between Tigo and Vodacom. The agreement announced, will for the first time see four million Tigo Pesa users exchanging money directly
Equity Bank Kenya has announced the launch of a prepaid card in conjunction with MasterCard. The card, which is readily usable to pay for bus fare in Kenya in line with the recent government directives on cashless bus fare payment system is more than a travel card. It is an all-purpose card that will be
The business community in East Africa has been assured of getting cash and perform transactions digitally, thanks to the initiative of ‘Umoja Switch’ across the region, which is Tanzania’s network of Automatic Teller Machines (ATMs) and Mobile Banking. The region has in the recent years made huge gains in intraregional trade and increased movement of
NMB Bank has started offering its services through the MaxMalipo agency banking, in a bid to reach more customers. The development comes after a successful piloting of the project in Kigamboni-Dar es Salaam, Dodoma and Arusha regions. This was unveiled at the weekend by the NMB Information Officer, Ms Doris Kilale, at the promotion held
The National Microfinance Bank (NMB) Managing Director, Mr Mark Wiessing, completes his tenure as CEO of the firm on February 28, this year, it was announced in Dar es Salaam. NMB Board of Directors Chairman, Professor Joseph Semboja, said Mr Wiessing would be replaced by Ms Ineke Bussemaker. He said Mr Wiessing has been appointed
