MTN has announced it will be integrating its mobile money systems in Rwanda and Uganda as part of cross-border mobile money initiative. The integration will become effective from next month. When it is officially launched, MTN said its subscribers will be able to send and receive money between the two countries. Norman Munyampundu, General Manager
Mobile network operator MTN has announced a partnership with online payments company Skrill to enable MTN subscribers to be able to make purchases from global internet brands that are integrated into Skrill’s network using funds in their mobile wallets. The partnership is being piloted in Ivory Coast and Rwanda. The network said MTN Mobile Money
MTN Rwanda has partnered with Kenya Commercial Bank (KCB), RSwitch and I&M in an effort to allow MTN customers to transfer money between their Mobile Money and KCB accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs without the use of a bank card. The new service
Rwanda’s banking sector recorded increased profits in the first quarter of 2014, thanks to a cash-hungry economy recovering from the 2013 slump. The sector recorded Rwf700m in total profits during the first three months to hit Rwf8.8 billion (approx. $10m) measured against last year’s Rwf8.1b, Rwanda’s central bank announced two weeks ago. While there was
East Africa will soon have a common mobile money platform that will enable users to send money from one country to another without any difficulty under exchange rates approved by central banks. This is according to Godfrey Kyama, e-banking advisor to the Commonwealth, in his presentation at the ongoing Tech4Africa conference in Nairobi. Kyama said
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
Rwanda’s President, Paul Kagame, has received a special recognition award at the African Banker Awards 2014 for Rwanda’s achievements, including spearheading the economic growth and transformation that the country has registered over the last 20 years. The annual event, which took place on Wednesday, May 21 at the ongoing Annual Meetings of the African Development
MTN Rwanda has partnered with Tele10 to enable customers to pay their DStv, Canal+ and GOtv subscriptions using MTN Mobile Money. At a press conference to announce the partnership, Norman Munyampundu, general manager of MTN Business, said to use the service customers need to have a DStv, Canal+ or GOtv account and be a registered
MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory
Residents of Kenya, Rwanda, Uganda, Burundi and Tanzania will now be able to travel with their respective national currencies in other East African Community (EAC) countries and make digital cross-border cash transactions in real time. The new development comes through the just launched East African Community project on Payment and Settlement Systems Integration Programme (PSSIP)
