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
Customers of First National Bank (FNB) can now enjoy unrivalled premier services at its banking suite at Peninsula branch in Dar es Salaam. FNB’s Chief Executive Officer, Mr Dave Aitken, said in the city on Wednesday during the launch of the service that through the centre, premier customers will be provided with a dedicated Relationship
Bharti Airtel has partnered with the Kenya Revenue Authority (KRA) to offer Kenyan citizens an opportunity to pay their taxes through Airtel Money. Through the partnership, Airtel will now allow customers across the country to inquire for KRA services, generate KRA payment reference number (PRN or an e-slip/invoice number) and make quick simple payments through
Tanzania has reportedly lost six million US dollars (over 10bn/-) so far through cyber-related fraud crimes, that involve mostly card skimming and Automated Teller Machine (ATM) thefts. Speaking at the fourth International Commission on Science and Technology for Sustainable Development in the South (COMSATS) conference in Dar es Salaam, the Permanent Secretary (PS) in the
In the past 3 months, two juggernauts in Kenya have clashed over the introduction of SIM overlay technology into the market – Equity Bank Group (Bank) and Safaricom ltd (Telco). Safaricom Ltd. Is the largest Mobile Network Operator in Kenya (67.9 % market share) while Equity bank is the largest bank by customer base (8
Bharti Airtel announced plans to launch a cross border money transfer product in East Africa that will enable Airtel Money customers to send, receive and withdraw money from their Airtel Money wallets. The pilot phase will kick off on November 1st, 2014 with the first phase targeting – Kenya, Uganda, Tanzania and Rwanda. This follows
Equity Bank and American Express have announced the launch of the first American Express Cards in Kenya. Equity Bank now offers Kenyan consumers the Equity Bank American Express Green Card and the Equity Bank American Express Gold – both of which carry rich rewards and benefits. The launch builds upon Equity Bank’s reputation for offering
