Leading Kenyan operator Safaricom is planning to deal with issues surrounding the releasing of the M-Pesa API by relocating the main server back to Kenya. This is according to Safaricom head of innovation Veronica Ogeto, who was speaking at the ongoing PIVOT East event in Nairobi yesterday as part of a fireside chat which saw
Having successfully completed phase 1 and 2 of the cash-less policy in six pilot states and the Federal Capital Territory, the Management of the Central Bank of Nigeria has announced that phase 3 of the policy’s implementation will commence as scheduled on July 1 2014, in the remaining 30 states. As was the case in
MTN South Africa has announced the Mobile Money Visa card is currently available from Pick n Pay and Boxer stores as of 17 June 2014, as it further enhances its mobile financial services. MTN has positioned itself as a leader in providing financial services that drive economic inclusion by merging technology into everyday life and
The University of Nairobi (UoN) and Barclays Bank of Kenya (BBK) have launched Host-To-Host, an automated seamless cash management system which will serve students and other stakeholders by improving payment processes in the University. While launching the programme at the University of Nairobi, BBK Managing Director, Jeremy Awori said that this was the first collaboration
Xpress Money has announced its tie up with Safaricom to offer money transfer services on the latter’s popular M-PESA platform in Kenya. This partnership will further boost the m-wallet concept championed by Safaricom, making it easier and more convenient for Xpress Money customers to receive money in Kenya. The M-PESA service on Xpress Money channels
Tracom Services has partnered with Ingenico to train and certify engineers on Point of Sale Terminal (POS) hardware technology in Kenya. Tracom is the master partner for Ingenico POS East and Central Africa and has the only local POS application development capacity using the hardware from Ingenico, managing and partnering in eight countries. The certification
The Deputy Minister for Community Development, Gender and Children, Dr Pindi Chana has urged women to utilise services of commercial banks to lift their standards of living. Speaking during the opening of Tanzania Women Bank (TWB) branch at Makambako over the weekend, Dr Chana said women in the area should seize that opportunity and make
The Central Bank of Nigeria (CBN) has announced that last year alone banks in Nigeria lost about US$246 million to cybercrime. Taiwo Longe, the CBN’s chief information security officer, said this while speaking at the National Cyber Security Forum (NCSF 2014) organised by the Office of the National Security Adviser (ONSA) in Lagos. Longe said
Kenyan startup BitPesa is set to formally launch in Nairobi next week, bidding to bring down the high transaction fees associated with international money remittance companies by taking advantage of the digital, borderless currency Bitcoin. HumanIPO broke the news in December last year BitPesa – founded by microfinance expert Duncan Goldie-Scot and led by chief
Mobile payment leader Bango has announced continued momentum in 2014, confirming its growing influence as the global platform that connects app stores with Direct Operator Billing (DOB). Since the beginning of 2014, Bango has launched additional DOB for app store partners with Saudi Telecom and Mobily in Saudi Arabia, Mobinil in Egypt, Telkom in South
