The Zimbabwean Government has decided to implement a tax on all mobile money users. The five cent tax will be charged on all transactions and will allow the government to track mobile money usage in Zimbabwe in a similar way to the transaction tax collected on all ATM withdrawals and banking transactions. The new tax
IBM has announced that Nedbank Limited, a leading financial services provider throughout Southern Africa, is using IBM’s predictive analytics solutions to improve the customer experience and provide more responsive real-time services. As a result of this technology implementation, the bank has reduced social media monitoring costs by over a million rand a year (US$105,000 per
Zimbabwean e-commerce startup Zimbogini officially launched a revamped e-commerce website with new features at an event held in Harare towards the end of last year. Although Zimbogini has been around for a while now, the (re)launch was primarily centred around the new payment features and partners they now have on board. Zimbogini.com is now vPayments
Airtel Networks Zambia Plc, a telecommunications service provider in Zambia and Nico Insurance Zambia Limited, have signed a partnership agreement that will enable customers to pay for their insurance using Airtel Money. From today, Airtel customers will be able to pay for their Insurance to Nico Insurance Zambia Limited using their “Airtel Money” accounts. This
Bank Windhoek was honoured on 11 December 2013 with the “Best Bank in Namibia” award for the sixth consecutive year by EMEA Finance, a UK-based economics magazine that covers Europe, the Middle East and Africa. This award to Bank Windhoek falls in the category of “African Banking Achievement Awards”. 2013 was a successful year for
Botswana’s national annual inflation kept the downward trend in November, dropping to 4.1 percent from 4.8 percent in October, and is expected to further remain low supposed factors remain favorable, Statistics Botswana (SB) has reported. Data authority said that the inflation stood at as high as 7.4 percent during the same month in last year,
Botswana’s national annual inflation kept the downward trend in November, dropping to 4.1 percent from 4.8 percent in October, and is expected to further remain low supposed factors remain favourable, Statistics Botswana (SB) has reported. Data authority said that the inflation stood at as high as 7.4 percent during the same month in last year,
A huge number of South Africans rely on the ATMs to withdraw money. However the increased usage of ATMs has also resulted in criminals devising various scams such as card skimming, swopping and the trapping of card inside ATMs. This is usually accompanied by shoulder surfing to steal PIN numbers. SABRIC’s research has revealed that
First, congratulations to the EcoCash team for winning the AfricaCom Best Mobile Money award. No doubt a few heads have turned towards Zimbabwe and we appreciate it. Congratulations as well to NetOne for the OneWallet re-launch. We hold our breath as we await Telecel’s Telecash launch. There has been quite some hype surrounding Telecash’s mobile
This year saw a rise in online spending across the globe, with USA reporting a 20% increase in online shopping on Cyber Monday as shoppers snubbed physical retail stores in favour of missing out on the holiday queues. Locally South Africans are coming to the party, with recent report showing that 9.5% of South Africans
