Online money transfer service WorldRemit and telecoms operator MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement extends WorldRemit’s position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is
Telecoms company MTN launched mobile money cross-border remittance service between Ivory Coast and Benin. It said the service will further enable cheaper and easy movement of money in the West Africa region. “The launch of this new corridor is an important part of our mobile financial services strategy. The new service will take advantage of
Mahindra Comviva, the global leader in providing mobility solutions, announced that it has enabled the world’s first domestic interoperable mobile financial service between Airtel Money and Tigo Pesa in Tanzania. The service allows customers to send and receive money directly between the mobile money accounts of these two service providers. The new service made the
The GSMA launched a Code of Conduct for Mobile Money Providers, outlining a series of common business principles to enable the development of safe and responsible digital financial services. The first mobile network operators (MNOs) to endorse the Code are Airtel, Avea, Axiata, Etisalat, Millicom, MTN, Ooredoo, Orange, Telenor, Vodafone and Zain. Together, these MNO
MTN has announced it will be integrating its mobile money systems in Rwanda and Uganda as part of cross-border mobile money initiative. The integration will become effective from next month. When it is officially launched, MTN said its subscribers will be able to send and receive money between the two countries. Norman Munyampundu, General Manager
Tigo Tanzania has launched a mobile money service through which users could earn automatic return on their balance direct to their wallet without requiring a separate registration. The service in Tanzania is called Tigo Wekeza and will allow Tigo Pesa users currently about 3.5 million to enjoy quarterly payments based on the balance held in
eTranzact International Plc, the leading mobile and switching company has been awarded the final approval to commercially launch the Mobile Money operation by the Central Bank of Nigeria. The approval to commence Mobile Money in Nigeria essentially marks the beginning of mobile payment revolution in the country. The eTranzact Mobile Money is designed to allow
MTN Rwanda has partnered with Kenya Commercial Bank (KCB), RSwitch and I&M in an effort to allow MTN customers to transfer money between their Mobile Money and KCB accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs without the use of a bank card. The new service
The Central Bank of Kenya (CBK) has reported KSh6.2 billion (US$71 million) is transacted every day via mobile money, up from a daily average of KSh5.2 billion (US$59 million) last year. The Business Daily reports CBK data revealed that KSh543 billion (US$6.2 billion) changed hands in 206 million transactions conducted through mobile phones in the
East Africa will soon have a common mobile money platform that will enable users to send money from one country to another without any difficulty under exchange rates approved by central banks. This is according to Godfrey Kyama, e-banking advisor to the Commonwealth, in his presentation at the ongoing Tech4Africa conference in Nairobi. Kyama said
