Users of MTN Rwanda will now be able to send money to Tanzania via Mobile Money as the telco has opened the mobile-to-mobile remittance service between Rwanda and Tanzania. MTN Mobile Money users in Rwanda are now able to send money to Airtel Tanzania subscribers seamlessly and affordably through the MFS Africa Hub. The Hub
BankservAfrica will host a National Payments Systems (NPS) workshop on Thursday, 21 June at the SWIFT African Regional Conference (SWIFT ARC) in Kigali, Rwanda to discuss the region’s progress over the last 12 months for developing a payments system of the future. “At last year’s conference in the Ivory Coast, BankservAfrica started the conversation on
Speakers at the International Conference on Responsible and Inclusive Finance (ICRIF) held in Kigali on 21 March urged Rwandan microfinance institutions (MFIs) to embrace new-age technology to streamline their operations and to enhance their ability to extend financial inclusion among the country’s unbanked and underbanked population. Straton Habyalimana, senior programme manager for responsible financing at
Mastercard and M-KOPA have entered into a partnership that will provide Africans living without electricity a simple way to light up their homes and businesses. M-KOPA, which already provides affordable, safe and clean energy to 3 million people in East Africa, will pilot Mastercard’s Quick Response (QR) payment technology in Uganda to extend the reach
TransUnion Africa, a provider of global information solutions for assessing and managing risk, has launched Menyesha, a mobile credit reporting platform, to specifically cater to the Rwandan market. Menyesha, literally “Inform Me” in Kinyarwanda, represents a leap forward in the way this historically underserved – but rapidly digitising – population can interact with lenders and
Data from SWIFT shows that FIN traffic growth in East Africa has outperformed the total growth of SWIFT globally. In the year to date, total message traffic volumes grew by 20.1% versus 8.2% growth for SWIFT worldwide. This clearly illustrates the increasingly important role that East Africa plays in SWIFT’s global business. Data also shows
The Government of Rwanda and Mastercard have reaffirmed their shared commitment to the development of strong digital platforms to meet the needs of the country’s citizens and work towards Rwanda’s goal of promoting a cashless society. According to FinScope 2016, 68 percent of adults in Rwanda have/use formal financial products/ services. The partnership agreement signed
The Government of Rwanda and Mastercard have reaffirmed their shared commitment to the development of strong digital platforms to meet the needs of the country’s citizens and work towards Rwanda’s goal of promoting a cashless society. According to FinScope 2016, 68 percent of adults in Rwanda have/use formal financial products/ services. The partnership agreement signed
In support of Rwanda’s Sustainable Development Goals, the Mastercard Center for Inclusive Growth has confirmed its commitment to a grant of up to USD$1 million over three years to support the growth of small business owners in Rwanda. Ensuring that the first phase of the roll out of the grant is successful, Mastercard has partnered
RwandAir has partnered with Wirecard AG for its online card payment processing services. As one of the leading specialist for payment processing and issuing services, Wirecard will enable customers that wish to book their flights online at http://www.rwandair.com to pay with Visa, MasterCard, Diners/Discover, JCB, China UnionPay or Maestro cards. John Mirenge, the Chief Executive
