Payments NewsMobile Networks (MNO) Archives - Payments News

Kenyan Mobile Money Gets Boost in Shift to Seamless Payments

April 11 2022

in
Mobile Networks (MNO)

“Kenya’s cellular-phone operators agreed to allow mobile payments across their networks, joining an effort by the central bank to integrate the nation’s payment systems. The first phase of “merchant interoperability” will enable Airtel Networks Kenya Ltd. and Telkom Kenya Ltd. users to pay for goods through Safaricom Plc ’s M-Pesa, the biggest mobile-money platform in […]

Global

Nigeria Grants MTN Licence for Mobile Money Banking Service

April 11 2022

“The Central Bank of Nigeria has approved the licence for MTN’s Mobile Money (MoMo) Payment Service Bank in the country, extending its services to wider banking operations, it was announced on Monday. Mobile money is a growing contributor to MTN Nigeria’s income, and the new banking licence would allow the company to explore growth opportunities […]

Providers

This African Fintech Is Older Than the IPhone, and Is Growing Like Crazy

March 11 2022

in
Mobile Networks (MNO)

“More than half of Kenya’s entire GDP is now transacted on this African fintech app”

Providers

Kenya: Safaricom to Reward Customers As M-PESA Marks 15 Years

March 7 2022

in
Mobile Networks (MNO)

“Safaricom is set to reward more than 5000 customers and businesses starting today as the telco celebrates 15 years since the launch of M-PESA. The telco will reward the customers and businesses for sending money or making payments through the M-PESA Super App and M-PESA Business Super App. The winners will be randomly selected and […]

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 […]

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.”

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 […]

Providers

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

July 30 2021

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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.”

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 […]

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 […]