MasterCard and Ecobank Announce Multi-country Agreement in 28 Sub-Saharan African Countries

Posted on by wademinnie | 36576 Views | 14 min read

Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60%

Malawi Joins Better Than Cash Alliance

Posted on by wademinnie | 6475 Views | 11 min read

The Government of Malawi announced that it is joining the Better Than Cash Alliance, committing to transition government cash payments to electronic disbursements. Malawi’s primary goals in shifting to e-money are to increase transparency, decrease costs, accelerate economic growth, and address poverty by increasing financial inclusion for all Malawians. “We have tried many different cash

TNM and Escom Strike Mobile Payment Deal

Posted on by wademinnie | 14134 Views | 5 min read

TNM has sealed a deal with the Electricity Supply Corporation of Malawi (Escom) which will see TNM customers paying their Escom bills or buying electricity units through TNM Mobile Money or mobile payment service also known as ‘Mpamba’. The signing ceremony took place at Protea RyaIls Hotel in Blantyre. Speaking during the ceremony, TNM Chief