Having achieved significant success in the fields of Prepaid Recharge & Mobile Money in emerging markets, Estel now introduces its m-POS (Mobile Point of Sales) platform for accepting card payments for Asian, African & Latin American markets. Globally, merchants accept payments via various types of cards (Credit / Debit / Gift / Prepaid) using traditional
Mobile Money subscribers on South Africa’s MTN network have reached one million since the service was launched in November last year. Unlike in Kenya, where the concept has grown rapidly, mobile money has been slow to catch on in South Africa, which has a more matured and developed formal banking sector. According to MTN and
Habil Olaka, chief executive officer (CEO) of the Kenya Bankers Association (KBA), has called for more investment in mobile money technology by banks to increase accessibility to banking services. Olaka, who officially opened the seventh annual AITEC Banking and Mobile Money COMESA Conference in Nairobi today, said adoption of mobile technology would increase efficiency and
Ingenico, the worldwide provider of payment solutions, announced a strategic partnership with Tagattitude, a mobile money software vendor, to deliver mobile money solutions in Africa. This partnership is designed to address the specific mobile money demands of the continent with the objective to establish secured electronic transaction infrastructure which will drive financial inclusion in Africa.
A couple of weeks ago Safaricom launched a campaign dubbed Lipa Na M-PESA which aims to drive use of mobile money for merchant payments in Kenya. Lipa Na M-PESA is a proximate payment from a customer to a business at the point of sale. Safaricom is running the campaign to fuel recognition among businesses on
The GSMA recently released data showing that there are over 23 million mobile money subscribers in Kenya which is about 74% of the country’s adult population. Mobile money has rapidly grown from a money transfer system to a payment platform supporting many financial products. The launch of M-PESA in 2007 was a critical breakthrough that
Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria has entered into a partnership with Teasy Mobile Money (a CBN-licensed Mobile Payment Operator) to provide financial services to Nigerians, through Mobile Phone. This is part of their efforts to implement financial services inclusion of the Central Bank of Nigeria (CBN) to everyone in the
Kenya Airways, the pride of Africa, and Uganda’s leading Mobile Money service provider, MTN Uganda have partnered to launch a service that allows customers to pay for Kenya Airways tickets using MTN Mobile Money. This additional payment option is part of the airline’s efforts to embrace technology and the convenience and improved customer experiences that
More than 70% of prepaid electricity users prefer to use their mobile phones to buy electricity tokens than any other outlet, a survey conducted by Kenya Power has revealed. M-Pesa is the most popular facility accounting for 95% of all mobile based prepaid purchases. Kenya Power currently has 340,000 customers on prepaid metering system. The
