Vodafone and MoneyGram, a global money transfer and global payment services company, have teamed up to enable consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa. This service will be launched in key markets during the second quarter of 2014, with additional roll-out planned throughout the remainder of
Kenya’s CfC Stanbic Bank has launched its “Till2Bank” service enabling business clients to accept payments via mobile money. CfC Stanbic Bank business banking and small and medium enterprise (SME) banking clients can now accept payments via M-Pesa, with the payment landing in the business bank account immediately. “We are delighted to be the first bank
MasterCard has joined Visa, Google and Safaricom in rolling out a service allowing Kenyan commuters to pay public transport fares using mobile money. To use the MasterCard PayPass, commuters can tap cards on a mobile phone or gadget to pay their fares, with MasterCard saying the payment solution will be launched by June. It also
The number of people receiving money in KZN via FNB’s eWallet grew by 89.3% in 2013, showing that mobile money is fast becoming an accepted replacement for person to person cash payments. KZN is second behind Gauteng for most receipts of money via FNB eWallet. There was over R500 million withdrawn from eWallets in the
Blackhawk Network has announced that its affiliate Blackhawk Network California, Inc. is the technology and service provider of the T-Mobile Visa Prepaid Card, issued by The Bancorp Bank and launched by T-Mobile USA, Inc. The card is designed to be used with Mobile Money, a smartphone app from T-Mobile, powered by Blackhawk Network, offering consumers
According to TechZim, Telecel Zimbabwe’s mobile money service, Telecash, will finally be launched in Harare this week. The service, which we’re told will launch without fail this time, was initially scheduled to launch in the 4th quarter of 2013 but faced serious delays. The Telecash product is a result of Telecel realising how big a
Shoppers in Tanzania’s Uchumi supermarkets can now pay for their goods using cash or mobile money transfer platform M-Pesa after the retail chain entered into partnership with Vodacom Tanzania. Commenting on the partnership with Uchumi, Vodacom Tanzania chief officer of sales Hasan Saleh said the partnership will improve convenience for shoppers while the use of
T-Mobile US, Inc. has announced the company is extending its Un-carrier consumer movement to personal finance – transforming smartphones into personal money managers that can free people from excessive fees they often pay to use their own money. The company calls this next phase of its consumer revolution Mobile Money by T-Mobile. “We’ve already transformed
The Kenya Bankers Association have released the findings of their latest survey which looks at the interplay between banks, mobile network operators and agency banking. The survey shows that a majority (60%) of Kenyans are utilising mobile phones to perform financial transactions, which has been helped by increased commitment by banks to offer mobile banking
The Helix Institute of Digital Finance has launched its first country assessment report in Uganda, based on over 2,000 mobile money agent surveys carried out in 2013 all over the country. Uganda is among four African countries participating in the world-class research project, selected for its contribution to the development of digital financial services globally.
