Vodacom together with Eduloan, a leading education finance and bursary administration provider is giving students the ability to pay for educational and daily expenses from their bursary cash stipends, by using m-pesa’s mobile wallet. In the pilot phase, Eduloan bursary students will get their cash allowance deposited into their m-pesa mobile wallet. This will enable
In light of the Communications Authority of Kenya’s decision to give tentative approval to the roll out of the SIM overlay technology in the Kenyan mobile telecommunications market, Safaricom Limited states the following: We thank the Central Bank of Kenya and the CA for the preliminary inquiry into the integrity of the SIM overlay technology,
The South Africa Banking Risk Information Centre (SABRIC) CEO, Kalyani Pillay says that bank customers must be wary when being told that a certain supplier has changed their banking details and must thoroughly verify if the details have indeed changed. The scam operates by an innocent recipient receiving an email/letter informing them that their particular supplier
Capitec Bank posted headline earnings growth for the six month period to end August 2014 of 21%. Headline earnings per share was also up 21% to 1018 cents. An interim dividend per share of 246 cents was declared, up from 203 cents a year ago. The bank reported that income was driven by client growth,
Visa, the global leader in payments, is launching a 6 month, countrywide campaign dubbed the Visa Chip and Pin campaign to raise awareness amongst cardholders on benefits of EMV chip cards in Kenya as they are safer from counterfeit and fraud activities. “The little chip that sits on the left side of your Visa card
Telecoms operator, Telecel Zimbabwe, is partnering with local insurance company, Zimnat Lion, to roll out a mobile insurance product that offers Telecel subscribers Funeral, Hospitaland local and international Travel Cover through their Telecel lines. The new service, called Telecare, offers an affordable and convenient package to cover most basic needs. Telecare insurance will bring safe,
Solidarity Research, a division of trade union solidarity has released their annual Bank Charges Report. The report does a comparison of bank fees across South Africa’s top 5 banks, Standard Bank, Absa, FNB, Nedbank, and Capitec Bank. Their research found that Capitec bank has the lowest bank charges for personal transactional accounts, even for clients
The Authority has allowed Finserve Africa Limited, a subsidiary of Equity Bank to roll-out its services using the thin SIM technology, for a one year trial period. This follows contention by Mobile Service Provider, Safaricom over the use of the technology in the Kenyan market, citing possible security flaws. Addressing the press, CA Chairman Ngene
Vodacom Tanzania launched a new M-PESA service “LIPA KWA M-PESA – an integrated payment system for the business community that allows merchants, retailers and distributors, in a far more secure way, to settle payments by using M-PESA. The new service will improve business and customer convenience by expanding the payment ecosystem from customers paying their
The latest version of the FNB Banking App for smartphones now offers customers the ability to send money across the border from South Africa to Zimbabwe and Mozambique. Since its launch three years ago, the banking App has seen rapid uptake in users and transactions, making the introduction of the cross-border money transfer service on
