Payments News

On The Web

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Global

Pandemic Spurs Africa’s Mobile Telcos to Ramp Up Banking Bid

“When COVID-19 hit Ivory Coast, Bonaventure Kra, who works at an import-export business, began to worry. Handling hard cash all day was a risk. Queuing in crowded bank branches exposed him to infection. Then, in the midst of the pandemic, French telecommunications giant Orange ORAN.PA launched an entirely digital bank – its first full banking […]
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Providers

M-Pesa Users to View Recipient’s Name Before Sending Cash

“Customers sending money using M-Pesa platform will now be able to see the name of the targeted recipient before completing the transaction in Safaricom’s  latest bid to minimise chances of erroneous transfers. The new feature is an improvement from the current one where customers have to complete the transaction first before being given the option of […]
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Providers

Airtel Africa, Standard Chartered partner to expand financial inclusion

“Standard Chartered Bank and Airtel Africa have partnered to enhance financial inclusion across key markets in Africa by providing services such as online deposits, international money transfers etc. “ Airtel Money ’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank accounts, receive international money transfers directly to their […]
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Companies

Visa Gives Kenya’s Safaricom ‘Missing Link’ for Global Payments

“Visa and Safaricom have agreed a deal which will connect the Kenyan telecom operator’s M-Pesa financial services platform with Visa’s global network of merchants and cards. Under the deal, which requires regulatory approval, announced on Thursday by both companies, M-Pesa’s 24 million users and 173,000 local merchants will be linked to Visa’s 61 million merchants and […]
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On The Wires

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Global

Airtel Africa partners with Mukuru to facilitate cross-border money transfers within Africa

“Airtel Africa plc [Airtel Africa], a leading provider of telecommunications and mobile money services in 14 countries across sub-Saharan Africa and Mukuru, one of Africa’s largest remittance organisations, announced a partnership which will enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries.”
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Providers

Financial Inclusion: a Step Forward With Orange Bank Africa

“From mobile money to mobile banking, Orange takes the next step in West Africa. Twelve years after the launch of the Orange Money transfer and payment service, we’re now opening the 100% mobile Orange Bank Africa, led by Jean-Louis Menann-Kouame, in Côte d’Ivoire. Patrick Roussel, Executive VP MEA Mobile Financial Services, tells us more about […]
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Providers

T-Mobile MONEY Introduces No-Fee, Interest-Earning, Mobile-First Checking Account

“It’s a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. With T-Mobile MONEY, eligible Un-carrier customers can earn an industry-leading 4.00% Annual Percentage Yield (APY)* on balances up to $3,000 – 50 times higher than the average U.S. checking account1 – and 1.00 APY% on every dollar over that! […]