State-Owned mobile communications firm, NetOne, recorded the biggest growth rate of 32,7 percent on its mobile money platform, OneMoney in the fourth quarter of last year. OneMoney, which has been battling for acceptance by the market since launch about one and half years ago, saw subscriptions rising to 241 566 in Q4 2018, up from…
Harare, Zimbabwe – EcoCash, Cassava Smartech Zimbabwe’s mobile money Fintech business, has partnered with Cassava Fintech South Africa to provide an enhanced cross-border money transfer service from South Africa to Zimbabwe. Announcing the launch of the service, Cassava Fintech International Group Chief Executive Officer Mr Darlington Mandivenga said he was confident the service would do…
MTN Uganda has today announced that it has completed (the final) Phase 3 which has seen UTL being switched on, making MTN the first telco in Uganda to fully comply with the Bank of Uganda initiative. This year 2017, Bank of Uganda directed all Mobile Money operations in Uganda to be interoperable between the telecommunications…
Safaricom CEO Bob Collymore has said the telco is expanding its M-Pesa systems to take 1,200 transactions per second. In a statement, he attributed the recent outage that lasted four hours to the system upgrade. Latest Communications Authority telecommunication sector statistics shows that Safaricom carried out 575,660,251 M-Pesa transactions, moving at least Sh1.58 trillion between…
By Byron Mutingwende Popular mobile money service, EcoCash, has integrated with MBCA Bank Limited, bringing to 11 the number of banks directly integrated with the mobile financial transacting system. A company spokesman yesterday confirmed the integration, saying the development was set to offer EcoCash and MBCA customers more convenience, choice and flexibility. “We…
