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Global

Telkom Kenya Announces Mobile Money Product T-Kash App

January 5 2022

• in
• Mobile Networks (MNO)

“Telkom, a South African wireline and wireless telecommunications provider, announced that Telkom Kenya has launched an app for its mobile money product, T-Kash. A press release from the operator of more than 38 countries across the African continent said that T-Kash App is an easy-to-use application that will enable its customers to access a wider […]

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Providers

M-Pesa Hits 50m Active Users, Cements Place As Largest Mobile Money Platform in Africa

September 15 2021

• in
• Mobile Networks (MNO)

“Kenyan mobile money platform, M-pesa said it has hit the 50 million active users mark in Africa to cement its position as Africa’s largest mobile money platform. This was made known by the M-Pesa Africa managing director, Sitoyo Lopokoiyit in a statement to commemorate the milestone.”

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Providers

The Evolution of Mobile Banking in Kenya

August 2 2021

• in
• Mobile Networks (MNO)

“In Kenya, M-PESA, the mobile money transfer service established in 2007 by Safaricom, is regarded as the first truly successful mobile money service in the world. M-PESA is accredited with introducing financial services to low-income and unemployed persons across the country, unlocking economic opportunities for millions. However, before M-PESA, the Kenyan banking and finance sector […]

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Providers

Vodafone Group Registers a 45% Transaction Volume Increase in Q1 After M-PESA Expansion Across Africa – HapaKenya

July 30 2021

• in
• Mobile Networks (MNO)

“Mobile operator Vodafone Group in a trading update for its Q1 fiscal report has registered a strong growth in Africa. Driven by its financial platform M-PESA, transaction volumes increased by 45% compared to a similar period last year. This translates to about 4.5 billion transactions in Q1 operations.”

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Deals

Airtel Africa Gets an Extra $200M for Its Mobile Money Business From QIA

July 30 2021

• in
• Mobile Networks (MNO)

“Three months ago, Mastercard invested $100 million in Airtel Mobile Commerce BV (AMC BV) — the mobile money business of telecom Airtel Africa . This was two weeks after it also received $200 million from TPG’s Rise Fund . Today, the African telecoms operator has announced that it has secured another investment for its mobile […]

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Providers

Vodafone CEO Hints at Spin-off of Mobile Money Platform M-Pesa

July 28 2021

• in
• Mobile Networks (MNO)

“Vodafone Group hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the pandemic. The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho. It is now pushing into new financial services like small loans, payroll and savings. Vodafone CEO Nick Read said it’s logical to keep […]

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Providers

MFS AFrica Moves Into Sierra Leone

July 19 2021

• in
• Mobile Networks (MNO)

“MFS Africa today announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service, to enable mobile money users in the country to receive payments from abroad smoothly and affordably…With this partnership in place, mobile transfer operator customers that are connected to the MFS Africa hub […]

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Global

Pilot Mobile Money Service to Be Licensed in Vietnam Next Month

July 7 2021

• in
• Mobile Networks (MNO)
• Vietnam

“Local telecommunications network providers have been approved to pilot several Mobile Money services next month after more than two years of waiting. These services will allow the use of mobile phone credit to pay for small-value goods and services…In April, the State Bank of Vietnam, the Ministry of Public Security (MPS) and the Ministry of […]

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Providers

Ethio Telecom’s Mobile Money Lures 4 Mln in First Month, Document Says

June 30 2021

• in
• Mobile Networks (MNO)

“Ethio Telecom has signed up 4 million Ethiopians for a mobile money service that it launched in May, a document published by the Finance Ministry said, as the government seeks to sell a stake in the state-owned company. The Telebirr service allow users to send and receive money, deposit or take out cash at appointed […]

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Providers

South Africa’s Vodacom Bringing 70 Businesses Onto VodaPay ‘Super App’

June 30 2021

• in
• Mobile Networks (MNO)

“South Africa’s Vodacom Group said on Tuesday about 70 businesses had signed up or committed to the mobile operator’s new digital financial services “super app” that promises to be a one-stop shop for online transactions. Last year Vodacom announced a partnership with digital payments provider Alipay to build an app that would allow consumers in […]