Mobile money and remittances will continue to dominate Africa’s economic development if they are supported with tools to boost data-driven transparency and compliance, according to a new whitepaper, released by Global Voice Group (GVG), a [c]
Safaricom’s MPESA and Airtel Kenya’s Airtel Money subscribers can now transact up to Kshs 500,000 via their mobile money accounts following an approval by the Central Bank of Kenya (CBK). The higher account limit will [c]
EziPay, which has a presence in 14 African countries, currently has a global user base of over 300,000, including Africans in the diaspora as well as those in the local expat community who utilise EziPay’s digital wallets for inward and outward remittances. The organisation’s global wallet Mauritius offering is currently live with over 90 countries payout corridors. [c]
Kenyans who make mobile money to bank account transactions will be in for an unpleasant surprise come the New Year. From this day going forward, the Central Bank of Kenya (CBK) plans to reintroduce charges [c]
Business leaders drawn from East African region have called on governments, regulators and telcom operators to work together and implement full interoperability of mobile money networks as well as cross-border transactions in the regional economic [c]
The Central Bank of Nigeria (CBN) has granted an Approval In Principle (AIP) to Abeg Technologies, a product of Piggytech Global, as a Mobile Money Operator (MMO) in Nigeria. With the platform becoming Nigeria’s first [c]
By Ashley Olson Onyango During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as mobile banking apps or seamless transfer options. Driving this trend in [c]
The GSMA has published its 10th annual ‘State of the Industry Report on Mobile Money’ which states that mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually. The industry enjoyed a [c]
The Central Bank of Kenya (CBK) has released the results of the inaugural Diaspora Remittances Survey. The Survey was conducted from March to May 2021, and aimed at collecting valuable information on remittance inflows to [c]
Telkom has introduced the T-kash app, an easy-to-use application that will enable its customers to access a wider service offering on its digital financial services platform. The T-kash app, which can be downloaded from the [c]
Slightly less than 60 million (or about 59 million) mobile devices were connected to mobile networks in the country for the third quarter of the year ending September 2021, according to the industry stats report [c]
The African Development Bank has signed a grant agreement for $500,000 with Y’ello Digital Financial Services (YDFS), a fintech subsidiary of MTN Nigeria, to be used for a study into economic, religious, and social factors [c]
By Mark Dankworth Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According to the Global System for Mobile Communications’ (GSMA) 2021 State of the Industry [c]
Kenya has registered a spike in cyber threats, in the three months to December 2020, a period that saw mobile users opt for high speed Internet subscriptions and also transact more on their preferred mobile [c]
Airtel Africa has announces the signing of an agreement under which Mastercard will invest $100 million in Airtel Mobile Commerce (AMC), a wholly owned subsidiary of Airtel Africa. AMC is currently the holding company for [c]
By Diego Gutierrez Digital technology is a critical part of the continent’s response to the ongoing upheaval caused by the Covid-19 pandemic. Adapting to these continuing challenges will shape the continent’s digital trends further in [c]
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