MoneyGram, one of the largest money transfer companies in the world, and Safaricom, the leading provider of converged communication solutions in Kenya,announced the launch of a new service that enables consumers in over 90 countries outside Kenya to send money directly to M-PESA, Kenya’s leading mobile money transfer solution. The new offering makes it easier,
Regional banking solutions provider, Equity Bank Group’s Tanzania subsidiary, has sealed a partnership with the Tanzania Revenue Authority (TRA) allowing tax payers in Tanzania to pay all their taxes through its network. The new tax settlement avenue will be available for all TRA clients including non- Equity Bank account holders. By fostering such a partnership,
WorldRemit the online money transfer service announces that its customers can now send remittances to Zantel EzyPesa accounts in Tanzania. The addition of EzyPesa means that WorldRemit now offers transfers to two of Tanzania’s four Mobile Money services. Customers can also send money to friends and family using Tigo Pesa. Tanzania is one of nine
The Government of Rwanda moved today to accelerate plans to transform into a cashless economy by joining a United Nations-backed initiative that supports countries’ transitions to electronic payments. With the assistance of the Better Than Cash Alliance, which is hosted by the UN Capital Development Fund (UNCDF), the Government of Rwanda will transition all forms
Stanbic Bank has been named the best investment bank in Tanzania by EMEA Finance, a prestigious magazine, for the year 2014, while its parent company Standard Bank has been named leading investment bank in Africa for the seventh consecutive year. “We are delighted to have retained the award for the best Investment Bank in Tanzania,
KCB Group has picked three Islamic banking experts to run the Bank’s Sharia Advisory Committee, heightening the lender’s roll-out the Islamic banking services in Kenya. The scholars and religious leaders— Sheikh Ahmed M. Msallam, Sheikh Ibrahim Lethome and Dr. Ahmed Sheikh Abdualatif Osman—on Tuesday morning signed their contracts with KCB during the inauguration of the
Azimo, the online money transfer service, announced that customers across Europe can now send money instantly to the mobile “eWallets” of M-PESA’s 19 million subscribers in Kenya. Kenya boasts one of the highest global rates of mobile banking, with around 60% of all Kenyans sending or receiving money via their smartphone. Between January and February
eTranzact International’s PocketMoni has been nominated for AfricaCom and Lead Africa Awards 2014. The nominations are in the Best Mobile Money Service category. A statement by Ayo Oladimeji, Head of PocketMoni at eTranzact said in addition to expecting more awards, the company is also looking forward to achieving more greatness with its mobile money services.
The use of mobile phone money services has proved to be efficient means in speeding up financial inclusion, a senior official with the Bank of Tanzania (BoT) has said. BoT Senior Legal Counsel Mr George Ben Sije said in an interview in Bagamoyo last week that the partnership between financial institutions and telecom companies has
The Parliamentary Public Accounts Committee (PAC) has directed the Police Force to ensure that all collections, including road fines are made electronically to help check all loopholes of dishonesty and increase government revenue. PAC Deputy Chairman Deo Filikunjombe issued the directive on Thursday when the committee met senior police officials at the Parliament’s Sub-Head Office
