Physical wallets across the world will disappear and be replaced with mobile solutions by 2019, according to Ondieki Obare, chief executive officer (CEO) of Kenyan mobile money and loyalty card startup Wallenje. Wallenje is working on moving the contents of a physical wallet – cash as well as loyalty cards – to mobile through the
Econet Wireless has pronounced a firm refusal to back down on it’s demand on banks to pay a tariff of 30 cents to gain access to its transaction messaging system. This is according to a report in The Herald that quotes Econet Chief Executive Douglas Mboweni reaffirming this stance. According to the article, Mboweni insists
Total Tanzania customers are now set to pay for fuel through M-Pesa, following the company’s partnership with Vodacom Tanzania. Motorists will now make use of the companies’ widespread networks reliably, and will use mobile phone technological developments (M-Pesa) from acrossthe country. Speaking during the launch of the partnership, Vodacom Tanzania External Relations Manager, Salum Mwalim,
TSYS has announced the release of a white paper titled “What’s Missing? Creating a Comprehensive Mobile Wallet Solution.” The paper highlights critical factors that will determine the mobile wallet’s future adoption in the U.S. and its acceptance among merchants. It also explores how a more robust wallet solution can solve consumers’ needs. The report is
Tigo has partnered with 17 major banks in Tanzania to enable its clients send and receive money through transactions between the banks and Tigo Pesa. Launching the service in Dar es Salaam, the company announced that Tigo customers will now have round the clock ability to instantly withdraw and deposit funds via Tigo Pesa to
Econet Wireless Zimbabwe says that its mobile money transfer service, EcoCash, has handled transactions in excess of $4 billion since the service was introduce in 2011.This was highlighted by Econet’s group CEO Douglas Mboweni to parliamentarians at a familiarisation tour of the company. This impressive figure was achieved though 170 million transactions handled by the
Unified Payment Services Limited, the leading Payments Industry Service Provider announces the introduction of a new service platform, Payarena. Payarena offers customers access to Value Added Services which include purchase of Airtime (Virtual Top Up, Prepaid PINs, Blackberry subscriptions, Data bundle plans etc.) for all Telcos in Nigeria; payment of bills to major service providers
GSMA Intelligence recently released a case study of Kopo Kopo in Kenya where they set out to provide tools to small and medium businesses to enable them to accept mobile money payments and to take advantage of related value added services that would allow them to grow. Kenya is home to the most advanced mobile
MTN Group and Bharti Airtel has announced a cross-border remittance partnership that seeks to remove the hassles of transferring money between Ivory Coast and Burkina Faso for the operators’ Mobile Money customers on either side of the border. The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso
GlobalPlatform, the organization which standardizes the management of applications on secure chip technology, is pleased to welcome Mahindra Comviva as its newest member. Mahindra Comviva is among the top 3 mobile financial technology providers across the globe processing over 20 billion USD in payment flows, handling millions of transactions every day and serving 700+ million
