Kenya’s Equity Bank of Kenya has applied for a licence to start mobile phone operations, though it is yet to be approved by the Communications Commission of Kenya (CCK). The Daily Nation reports the bank is looking to become a Mobile Virtual Network Operator (MVNO), meaning it would operate using an existing Mobile Network Operator
Holders of UBA payment cards like Visa, MasterCard and Verve are being given an opportunity to get significant discounts on their card payments as UBA enters into a partnership deal with Parolz.com, an online platform which offers exclusive discounts and benefits from top outlets in Nigeria. The offers range from Dinning to Lifestyle,Hospitality, Transportation and
Effective Measures has released a report on e-commerce in South Africa. They surveyed over 10,000 internet users with desktop access in South Africa in order to ascertain their online shopping habits. Some of the key insights they uncovered include: 73.76% of online shoppers will use the internet to make payments, transfer money and pay utility
Ecobank Transnational Incorporated and ProCredit Holding Germany (PCH) have announced that they are in discussions with the view to Ecobank acquiring a majority stake in PCH’s Mozambican subsidiary – Banco ProCredit Mozambique (PCM). Ecobank has formally expressed an interest in purchasing Banco ProCredit in Mozambique by acquiring the shares currently held by ProCredit Holding and
Why are retailers (or for that matter banks and telecoms service providers) not making an absolute killing in the mobile payment space? Most importantly, why are retailers missing out on potential new revenue streams? Even in an emerging market like South Africa, where mobile penetration is estimated to be around 128%, only nine percent of
Tigo, a subsidiary of Millicom, has announced the launch of a cross-border mobile money remittance service between Tanzania and Rwanda, allowing its subscribers to send money from one country to another via their Tigo mobile money accounts. The system integrates currency conversion, whereby money is sent in either Tanzanian shillings or Rwandan francs and delivered
Naspers has confirmed its investment arm MIH is shutting down a number of its South African e-commerce sites. Last week e-commerce sites SACamera, 5rooms, Kinderelo and Style36 were taken down, showing maintenance messages, but Naspers has now confirmed the shutdowns are part of a wider policy to refocus resources on larger properties such as Kalahari.
Ghana’s leading telecommunications provider, Mobile Telecommunications Network (MTN) and Ecobank, The Pan African Bank, have partnered to extend cardless ATM services to Ecobank ATMs across Ghana. With this partnership, the more than two million MTN Mobile Money subscribers can now enjoy the convenience and ease of withdrawing money instantly from Ecobank ATMs anytime and from
Kenya’s PesaPal will be expanding to Nigeria, Ghana and Zambia over the next few months, while looking at possible expansion into Francophone and South Africa. The company has recently launched in Malawi and is currently activating in Zimbabwe. “Over the last three years, we have developed a product that was well received in our initial
Centenary Bank has joined the Interswitch East Africa network in Uganda adding yet another innovation in enhancing their customer service. Interswitch East Africa operates a network that links different banks to enable their customers share Automated Teller Machines (ATMs) and Points of Sale (POS) services. With the addition of Centenary Bank, the Interswitch network in
