On The Web

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Glenbrook

Pulling funds from bank accounts: best practices for mobile money providers

September 24 2018

• in
• Mobile Money

“In our 2017 Edition of The State of The Industry report, we highlighted an increase in funds entering and leaving the mobile money system in digital form. The most pronounced change was in bank-to-mobile transactions, from 1 per cent of total transaction values in 2012 to 9.2 per cent in 2017. In another blog post, we noted […]

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Systems

MTN’s successful IPO in Ghana shows the far-reaching potential of mobile money in Africa

September 5 2018

• in
• Mobile Money

“MTN successfully pulled off a first: a historic initial public offering done mainly through mobile money. The telecom operator’s IPO, launched in May, saw 84.6 % of local applicants in Ghana buy their shares through MTN’s mobile money service, Momo Wallet.”

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Companies

Mobile Money Heats Up in India as Google Doubles Down

August 28 2018

• in
• Google
• India
• Mobile Money

“A day after Warren Buffett’s Berkshire Hathaway Inc. said it had invested in the parent company of India’s largest digital-payments firm, called Paytm, Google said it is expanding its mobile money service in the South Asian nation. It is partnering with several local banks to offer consumer loans from within its app in the coming weeks, aiming to assist […]

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Global

Mobile Money Interoperability Is The Next Revolution In Africa, This Is What You Need To Know

July 24 2018

• in
• Africa
• Mobile Money

“Several regions across Africa are zeroing in on what promises to be a new frontier in the fast-growing digital economy: mobile money interoperability. That means anyone in an interoperable region with a mobile money account can transact with anyone else who has an account, whether they use the same service provider or not. And when […]

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Systems

The mobile money industry’s transition to a platform-based business model

September 27 2018

• in
• Mobile Money

“Processing over a billion dollars a day, mobile money has evolved into the leading digital payment service in many emerging markets. Yet, significant changes in the commercial and technological landscapes mean that mobile money of tomorrow is likely to be based on a new business model. This blog is the first in a series of […]

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Global

India moves towards interoperable mobile wallets

October 17 2018

• in
• India
• Mobile Money

“The Reserve Bank of India (RBI), the country’s central bank, has issued the final set of guidelines for new rules designed to enable mobile wallet users to easily make payments and transfer funds to users of competing mobile wallet services. Reserve Bank of IndiaThe new rules are set out in Prepaid Payment Instruments (PPIs) — Guidelines […]

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Global

Orange And MTN Partner For Mobile Money Platform Mowali

November 26 2018

• in
• Africa
• Mobile Money

“Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, today announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost.”

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Global

Mobile money transactions fall on new taxes

November 19 2018

• in
• Kenya
• Mobile Money

“Mobile money transactions have declined in the wake of new taxes introduced on digital cash transfers and bank charges. Data from the Kenya National Bureau of Statistics (KNBS) indicate that transactions marked one of the steepest declines in several months, both in the number and value of money sent. “

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Global

Kenya’s biggest mobile money service is reinventing itself for the future

November 15 2018

• in
• Kenya
• Mobile Money

“Safaricom is responding to these challenges by developing an ecosystem that favors M-Pesa as a de facto payment system for other services. By building this proprietary infrastructure, the aim is to not only make the payment service indispensable to customers, but also yield a consistent experience on a daily basis.”

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Systems

Gates Foundation Supports Expansion Of An Open Mobile Banking Platform in Africa

December 5 2018

• in
• Mobile Money

” Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced they will use open source financial services technology that was sponsored by the Bill and Melinda Gates Foundation.”