Kenyan mobile app company Mobile Matrix has released PesaCalc, a free Android app that helps mobile money users in Kenya save money when using mobile money services. “PesaCalc helps Kenya’s mobile money users prepare exactly the right amount to send with the options of sending to registered and unregistered users, as well as including the
Mastercard and National Microfinance Bank (NMB) have agreed to roll out 1.5 million MasterCardpayment cards in a move aimed at reducing cash dependence and enhance financial inclusion. As a result of the partnership, NMB will issue secure EMVChip and PinMasterCard prepaid, debit and credit cards over the next seven years. The cards will feature MasterCard’s
M-Pesa, Vodacom Tanzania’s flagship has launched an online payment service through the web-based platform of Vinjari which will allow local traders registered under Vinjari.co.tz to accept online payment for the purchase of services. The service allows travellers to book and pay for hotels, tour package and flights. Vinjari.co.tz platform has over 300 hotels and partners
The European Investment Bank (EIB) has approved a € 50 million credit line to Equity Bank to facilitate onward lending to Small and Medium Enterprises across the region. Speaking at the signing of the facility, Equity Bank Group Managing Director Dr. James Mwangi said, the funds received will be commercially advanced to eligible SME players
Tanzania’s network of Automatic Teller Machines (ATMs) and Mobile Banking, the ‘Umoja Switch,’ has just gone regional; spreading its digital transactions’ tentacles into three neighbouring countries of Kenya, Rwanda and Uganda. With more than eight years of operation in the country ‘Umoja Switch,’ according to its Executive, Mr Danford Mbilinyi, is also rapidly expanding and
Tigo announced the first of its regular quarterly payments worth 3bn/- (US $ 1.8 million) to Tigo Pesa users. This payment comes three months after the company paid a staggering profit of TZS 14.25 billion (US $ 8.64 million) accumulated in the Tigo Pesa Trust Account to become the first mobile money service in the
Ericsson announced that MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings for seven million MTN Uganda mobile wallet users and 50,000 agents. MTN Uganda is part of MTN Group, a multinational telecommunications group, connecting approximately 219 million people in 22
IN a move to fight cyber crime and protect citizens from falling prey to cyber criminals, the government will next year table in Parliament three bills whose aim is to ensure protect electronic transactions and personal data information as well as ensure security. The Deputy Minister for Communication, Science and Technology, Mr January Makamba named
Tanzania is the first country in Sub-Saharan Africa and ninth globally for demonstrating most conducive environments for financial inclusion, according to the new Global Microscope 2014 by The Economist Intelligence Unit. The new study released this month shows the country has been outstanding in the region in financial inclusion and the regulatory framework has noted to
Safaricom has announced the launch of M-Ledger, an Android based application that provides subscribers on the company’s network with a simple and easy to use financial journal to track and monitor their M-PESA transactions. Developed in partnership with a local start-up Dynamic Data Systems, the partnership is the first in an anticipated series of partnerships
