Banking the unbanked doesn’t come naturally to financial institutions who tend keep a firm eye on their top-line, however it is becoming increasingly clear just how important financial inclusion is for national economic development. M-Pesa in Kenya is the poster-child for how successful initiatives can be, and more and more countries across Africa are investigating
M-Pesa, Vodacom Tanzania’s flagship has launched an online payment service through the web-based platform of Vinjari which will allow local traders registered under Vinjari.co.tz to accept online payment for the purchase of services. The service allows travellers to book and pay for hotels, tour package and flights. Vinjari.co.tz platform has over 300 hotels and partners
Safaricom has announced the launch of M-Ledger, an Android based application that provides subscribers on the company’s network with a simple and easy to use financial journal to track and monitor their M-PESA transactions. Developed in partnership with a local start-up Dynamic Data Systems, the partnership is the first in an anticipated series of partnerships
The latest generation of the Vodacom m-pesa electronic platform provides an ideal mechanism for employers to pay staff salaries and ad-hoc expenses via mobile phone. As more countries develop simple remuneration calculators online the whole system can be managed from a phone. With m-pesa, companies have a low-cost and easy solution for making payments to all staff, even
MoneyGram, one of the largest money transfer companies in the world, and Safaricom, the leading provider of converged communication solutions in Kenya,announced the launch of a new service that enables consumers in over 90 countries outside Kenya to send money directly to M-PESA, Kenya’s leading mobile money transfer solution. The new offering makes it easier,
Vodacom together with Eduloan, a leading education finance and bursary administration provider is giving students the ability to pay for educational and daily expenses from their bursary cash stipends, by using m-pesa’s mobile wallet. In the pilot phase, Eduloan bursary students will get their cash allowance deposited into their m-pesa mobile wallet. This will enable
Vodacom Tanzania launched a new M-PESA service “LIPA KWA M-PESA – an integrated payment system for the business community that allows merchants, retailers and distributors, in a far more secure way, to settle payments by using M-PESA. The new service will improve business and customer convenience by expanding the payment ecosystem from customers paying their
Bitcoin exchange BitX has launched in Kenya, integrating preferred local financial systems such as M-Pesa and bank transfers to enable efficient international payments. In an interview with HumanIPO, Timothy Stranex of BitX said the company always customizes its service for the local audience when launching in new markets to ensure the service can be used
In line with its strategic objective of transforming lives through financial inclusion, leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands. The new tariffs, which are set to take effect from Thursday 21st August, 2014, will
Kenyan startup Kopo Kopo has launched external bank transfers, giving their clients another option of withdrawing funds aside from through their Kopo Kopo account to a bank account or M-Pesa wallet. “It should now be easier for you to pay suppliers, landlords, utility providers – you name it! At your request, we’ll transfer the amount
