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
CfC Stanbic Bank has opened the first ever digital experience bank branch in the country. The branch, in Mombabsa’s Nyali Centre Mall, is set to radically alter the way customers take care of their financial needs and conduct their daily banking business. CfC Stanbic Bank’s focus is on enhancing the way Kenyans engage with their
Cignifi, whose proven big data engine uses mobile phone data to deliver consumer credit and marketing scores, announced an agreement with the International Finance Corporation (“IFC”), a member of the World Bank Group, aimed at expanding the delivery and usage of mobile financial services in Uganda. Specifically, Cignifi will be working with the IFC to
Africa’s leading hotel booking platform Jovago.com has announced the incorporation of Tigo Pesa, one of the region’s major mobile money transfer services. This partnership gives the customer yet another option for efficiency on top of the available card payments and pay-on-arrival model. “Africa is definitely moving on to the digital world, as part of this
Lion International Bank and Somali Micro Finance in partnership with BelCash Technology Solution PLC launched the official pilot of the HelloCash mobile money services. BelCash Technology Solution PLC is an Ethiopian based technology service provider for financial industry. The HelloCash mobile money platform will provide financial services to all Ethiopians. The HelloCash service enable existing
