The Bank of Mauritius has announced that it proposed to investigate into the terms and conditions of banking contracts, including fees and charges. The objective of this exercise was to gain an in-depth understanding of the terms and conditions governing contracts between a consumer and a financial institution and to help achieve better outcomes. A
mHITs, a pioneering developer and operator of mobile payment services, has announced that it’s Australian SMS mobile wallet service has launched an international mobile remittance corridor between Australia and leading mobile money service M-PESA in Kenya. For the first time, this new corridor will provide for instantaneous direct mobile-to-mobile funds transfers between Australia and Kenya.
It is now possible to pay telephone bills with Telecash, following an agreement between Telecel Zimbabwe and TelOne, making it possible to avoid queuing to pay phone bills. Telecash subscribers can now pay their phone bills from the comfort of their home or office or even while travelling to work on a commuter omnibus, using
Tigo, Airtel and Zantel have announced a pioneering agreement to allow customers of Tigo, Airtel and Zantel in Tanzania to send money to each other whether using Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets. It is expected that the service will start by end of June. This is the first agreement in
Kenya Commercial Bank (KCB) and Kenya Bus Services (KBS) have unveiled the Abiria card, which facilitates cashless payments on commuter buses in line with the government’s directive that all public service vehicles migrate to such methods by July 1. Competition is rife in the industry ahead of July 1, with HumanIPO reporting earlier this month
Following a successful entry into the Nigerian market with contactless mobile payments, Bangalore based iKaaz is now ready to offer its popular NFC and bluetooth powered cloud based payments platform to consumers in Kenya. Announcing a strategic alliance with Family Bank, one of Kenya’s leading banks, iKaaz along with its local partner EDGE financial systems
The East Africa Bank Award for 2014 that was dominated by Kenyan banks seems to have been taken lightly in Tanzania and therefore may not give a true picture of banks performance in the country, according to the organiser of the award. The Chief Executive Officer of the Think Business Limited which organised a survey
TMB has been announced as the Best Bank in Central Africa at the prestigious African Banker Awards. The awards ceremony was held in Kigali, Rwanda, during the African Development Bank’s 50th anniversary Annual Meetings. The awards ceremony was attended by numerous ministers of finance, central bank governors and bank CEOs. Mr. Yannick Mbiya Ngandu, member
Kenya’s Equity Bank plans on issuing subscribers with ultra-slim SIM cards to access mobile money accounts provided by the bank while saving users the trouble of migrating networks, according to a report. The company was last monthgranted a mobile virtual network operator licence by the Communications Authority of Kenya (CAK) and this weekannounced its rollout
Ugandan startup Beyonic has developed a cloud-based platform allowing businesses to make, track and manage payments to mobile money accounts across numerous providers. Beyonic was named a finalist in the finance category for this year’s edition of the PIVOT East conference to be held in Nairobi on June 24 and 25, and will benefit from
