Mobile Money Transfer

Type: Keyphrase
Name: Mobile Money Transfer
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

Equity braces for mobile money war starting May

LARGEST lender by deposit accounts, Equity Bank, hinted yesterday it could be closing in on a partnership deal with a mobile phone manufacturer as it prepares to venture into telecoms business mid next month.CEO James Mwangi said the bank, through its ... [Published The Star (Kenya) - Apr 18 2014]
First reported Apr 18 2014 - Updated Apr 18 2014 - 1 reports

Tanzania’s high remittance fees hamper cash transfers

Tanzanian banks are retaining a quarter of the money sent out by citizens of neighbouring countries, hampering cash transfers within the East Africa Community, a new report shows.High remittance fees hinder mobility of capital among countries and is a ... [Published Business Daily Africa - Apr 18 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Facebook faces a challenge to make the grade in mobile payments

OVUM VIEW SummaryUnlike in mobile advertising, where it has made impressive progress, Facebook has a poor track record in mobile payments, but it is no surprise that the social network is looking to redefine its payments strategy. Ovum predicted that ... [Published Ovum - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

MICROCAPITAL BRIEF: Airtel, MTN Group Partner to Provide Mobile Money Transfers Between Burkina Faso, Ivory Coast

Airtel Burkina Faso, a subsidiary of India-based telecommunications company Bharti Airtel, and Mobile Telecommunication Network (MTN) Group, a telecommunications company based in South Africa, recently announced a partnership that will allow their mobile ... [Published MicroCapital - Apr 17 2014]
First reported Apr 17 2014 - Updated Apr 17 2014 - 1 reports

Netone Warms Up to Competition

Technology has opened unprecedented opportunities and added convenience to millions around the world.Due to these advancement adopted by our mobile service providers it is now possible to pay for utility bills using Ecocash or Telecash.While Econet and ... [Published AllAfrica.com - Apr 17 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Money transfer agencies accused of fleecing Africans

An estimated 1.8 billion US dollars is lost annually when sending remittances back to the continent by the diaspora.Market monopoly is believed to be one of the reasons leading to these astronomical charges.“We estimate that the 1.8 billion US dollars ... [Published CNBC Africa - Apr 16 2014]
First reported Apr 16 2014 - Updated Apr 16 2014 - 1 reports

Kenya’s capita income to surpass W/Bank benchmark

Kenya’s long walk to middle-income status looks set to end in a sudden statistical leap, reports said on Wednesday.Gross Domestic Product (GDP) estimates for east Africa’s biggest economy are expected to jump by up to one-fifth when a government-led statistical ... [Published StarAfrica.com - Apr 16 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 1 reports

EQUITY BANK : Price wars loom as new telcos hunt for customers

In 2005, Mr Oscar Ikinu, the founder and chief executive of Tangaza Pesa, approached Safaricom to propose a partnership through which he would roll out mobile money services on the operator's network.His strategy was to start issuing customers with Tangaza ... [Published 4 Traders - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 2 reports

EcoCash mobile money transfer exceeds $4 billion

Econet Wireless’ mobile money transfer service EcoCash has handled over $4 billion since inception in 2011.Group chief executive Douglas Mboweni told Parliament during a familiarisation tour of theEconet Wireless’ mobile money transfer service EcoCash ... [Published Mobile Payments World - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 15 2014 - 5 reports

Facebook renews its push into mobile payments

Facebook is just ‘weeks away’ from getting an e-money license in Ireland that would allow its users to hold and exchange money on the social networking site. Eden Zoller, m-payments experts at Ovum explaining the rationale behind this move.“Ovum predicted ... [Published TechDay.co.nz - Apr 15 2014]
First reported Apr 15 2014 - Updated Apr 15 2014 - 2 reports

Putting on an extra 20%

KENYA'S long walk to middle-income status looks set to end in a sudden statistical leap. GDP estimates for east Africa's biggest economy are expected to jump by up to one-fifth when a government-led statistical review reports in September.The move follows ... [Published The Economist - Apr 15 2014]
First reported Apr 14 2014 - Updated Apr 15 2014 - 2 reports

Facebook Payment Service Incoming, Report Says

Facebook is reportedly preparing to offer its own financial services as the company continues to expand beyond social networking . The Financial Times reports the company is set to gain approval in Europe for a system allowing users to pay each other ... [Published Techno Buffalo - Apr 14 2014]

Quotes

Airtel's outgoing managing director Shivan Bhargava on Monday backed MVNOs to "stimulate and sustain overall market growth through a new range of innovative products and service propositions that will give more choice and value to Kenyans"
"Many banks in Egypt are considering to launch the mobile payment services within this year, including Banque Misr which so far has not officially asked the CBE for it." The sources added
"In addition to directly benefiting individuals in underserved areas, digital finance also affords great opportunities for reducing the financial inclusion gap for small businesses by providing them with an access to electronic payment systems, secure financial products and an opportunity to build financial history" said Erin Scronce, marketing manager of the Consultative Group to Assist the Poor
...that would allow its users to hold and exchange money on the social networking site, relates Eden Zoller, mobile payment expert at Ovum research. "Ovum predicted Facebook would launch a renewed push into mobile payments this year and its focus on mobile money transfers makes sense. These applications are gaining good traction with consumers, particularly in emerging markets where Facebook has ambitions to be the prime platform from which people access, and interact with Internet services" explains Zoller. Read more

More Content

All (229) | News (203) | Reports (0) | Blogs (24) | Audio/Video (0) | Fact Sheets (0) | Press Releases (1)
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Telkom Kenya questions awarding of new mobile l... [Published East African - 8 hours ago]
Varsity students invent road safety and e-reven... [Published Daily Nation - 10 hours ago]
Equity braces for mobile money war starting May [Published The Star (Kenya) - Apr 18 2014]
CBE grants Bank Audi Egypt 'mobile payment' lic... [Published Zawya.com - Apr 18 2014]
Tanzania’s high remittance fees hamper cash tra... [Published Business Daily Africa - Apr 18 2014]
Facebook faces a challenge to make the grade in... [Published Ovum - Apr 17 2014]
MICROCAPITAL BRIEF: Airtel, MTN Group Partner t... [Published MicroCapital - Apr 17 2014]
Africa leads in mobile financing [Published Zawya.com - Apr 17 2014]
Netone Warms Up to Competition [Published AllAfrica.com - Apr 17 2014]
News Scan: Facebook's mobile payments move; Wea... [Published FierceMobileIT - Apr 16 2014]
Kenya’s capita income to surpass W/Bank benchmark [Published StarAfrica.com - Apr 16 2014]
Money transfer agencies accused of fleecing Afr... [Published CNBC Africa - Apr 16 2014]
Airtel Money available at Ghana post offices na... [Published Paypers - Apr 16 2014]
Kenya shakes up mobile money by licensing three... [Published Mobile Money Live - Apr 15 2014]
EcoCash mobile money transfer exceeds $4 billion [Published Mobile Payments World - Apr 15 2014]
Orange Kenya protests MVNO licences [Published HumanIPO - Apr 15 2014]
Kenya Airways partners MTN Cameroon to buy tick... [Published Paypers - Apr 15 2014]
Facebook rumoured to be poised to offer m-payme... [Published Internet Retailing - Apr 15 2014]
Putting on an extra 20% [Published The Economist - Apr 15 2014]
Putting on an extra 20% [Published Baobab - The Economist - Apr 15 2014]
EQUITY BANK : Price wars loom as new telcos hun... [Published 4 Traders - Apr 15 2014]
'Econet Won't Back Down On Tariff' [Published AllAfrica.com - Apr 15 2014]
Facebook renews its push into mobile payments [Published TechDay.co.nz - Apr 15 2014]
Facebook to Explore More E-Money Options [Published BillingWorld - Apr 14 2014]
Facebook Payment Service Incoming, Report Says [Published Techno Buffalo - Apr 14 2014]
Mobile Money Brings New Providers to Kenya [Published Technology Banker - Apr 14 2014]
FB Stock: Facebook to Take On PayPal [Published InvestorPlace.com - Apr 14 2014]
Orange Kenya protests new mobile licences [Published Telecompaper - Apr 14 2014]
Facebook plans to launch money transfer service... [Published Silicon Republic - Apr 14 2014]
Facebook to offer mobile payment services: Report [Published Times of India - Apr 14 2014]
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Blogs

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MICROCAPITAL BRIEF: Airtel, MTN Group Partner t... [Published MicroCapital - Apr 17 2014]
Airtel Burkina Faso, a subsidiary of India-based telecommunications company Bharti Airtel, and Mobile Telecommunication Network (MTN) Group, a telecommunications company based in South Africa, recently announced a partnership that will allow their mobile ...
Putting on an extra 20% [Published Baobab - The Economist - Apr 15 2014]
KENYA'S long walk to middle-income status looks set to end in a sudden statistical leap. GDP estimates for east Africa's biggest economy are expected to jump by up to one-fifth when a government-led statistical review reports in September. The move ...
MICROCAPITAL BRIEF: Etisalat Lanka of Sri Lanka... [Published MicroCapital - Apr 09 2014]
Dialog Axiata (DA), a Sri Lankan mobile communications subsidiary of Malaysia’s Axiata Group Berhad, reportedly has announced that it will begin a partnership with Etisalat Lanka (EL), a cellular network owned by the Emirates Telecommunications Corporation ...
SMS-powered money transfer system arrives in Eu... [Published Ars Technica - Mar 31 2014]
Scott Manwaring Seven years ago, Kenyans got access to something that American companies are still trying to figure out—easy, fast, and cheap mobile money transfers. (Seriously, why am I still writing paper checks in 2014?) M-Pesa allows any Kenyan ...
Millicom creates tech incubator in Rwanda [Published CisionWire - English - Mar 31 2014]
Stockholm, March 31, 2014 – Millicom (Stockholmsbörsen: MIC) today announced the creation of a tech incubator in Rwanda to develop new digital solutions.The objective is to develop innovative and scalable businesses in which Millicom will take an equity ...
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Press Releases

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Mobetize Signs Letter of Intent to Provide Remi... [Published GlobeNewswire: Acquisitions News - Mar 18 2014]
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