Javelin Group and Paythru announced the launch of Ignite, a next generation contextual mobile marketing and payments proposition for the global retail sector. Javelin Group, a European omni-channel retail consultancy, and Paythru, a m-commerce payments provider, have combined retail and technology expertise to develop Ignite, which delivers the right message to the right customers, in
Mobile Money subscribers on South Africa’s MTN network have reached one million since the service was launched in November last year. Unlike in Kenya, where the concept has grown rapidly, mobile money has been slow to catch on in South Africa, which has a more matured and developed formal banking sector. According to MTN and
Habil Olaka, chief executive officer (CEO) of the Kenya Bankers Association (KBA), has called for more investment in mobile money technology by banks to increase accessibility to banking services. Olaka, who officially opened the seventh annual AITEC Banking and Mobile Money COMESA Conference in Nairobi today, said adoption of mobile technology would increase efficiency and
Digicash is a mobile payment App that enables clients of affiliated banks to use their smartphones to pay directly from their bank accounts. Started in 2012, it has been deployed on a national scale in Luxembourg. With P&T Luxembourg as the second bank to offer Digicash as of July 2013, this mobile payment product is
Ingenico, the worldwide provider of payment solutions, announced a strategic partnership with Tagattitude, a mobile money software vendor, to deliver mobile money solutions in Africa. This partnership is designed to address the specific mobile money demands of the continent with the objective to establish secured electronic transaction infrastructure which will drive financial inclusion in Africa.
Purchasing prepaid electricity via FNB Cellphone Banking is growing in popularity as customers begin to see the benefit of using FNB’s self-service channels for these types of transactions. 62% of all prepaid electricity purchases processed by FNB are made on Cellphone Banking. Prepaid electricity purchases via FNB Cellphone Banking have also seen year-on-year growth of
A couple of weeks ago Safaricom launched a campaign dubbed Lipa Na M-PESA which aims to drive use of mobile money for merchant payments in Kenya. Lipa Na M-PESA is a proximate payment from a customer to a business at the point of sale. Safaricom is running the campaign to fuel recognition among businesses on
The Western Union Company a leader in global payment services, today announced that users of Sprint prepaid brands Boost Mobile and Virgin Mobile USAnow have access to Western Union® mobile money transfer services. Sprint’s Boost Mobile and Virgin Mobile customers can initiate a Western Union Money Transfer® transaction directly from the Money Center within the Boost Zone and Virgin Zone portals on
The GSMA recently released data showing that there are over 23 million mobile money subscribers in Kenya which is about 74% of the country’s adult population. Mobile money has rapidly grown from a money transfer system to a payment platform supporting many financial products. The launch of M-PESA in 2007 was a critical breakthrough that
Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria has entered into a partnership with Teasy Mobile Money (a CBN-licensed Mobile Payment Operator) to provide financial services to Nigerians, through Mobile Phone. This is part of their efforts to implement financial services inclusion of the Central Bank of Nigeria (CBN) to everyone in the
