mobile money
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Telecel Zim dismisses “shutting down” rumours
Zimbabwe’s smallest mobile telecommunications company, Telecel Zimbabwe says it is in the business for the long run. This comes as reports have been circulating that the telecoms firm was facing closure. “Telecel Zimbabwe (Pvt) Ltd would like to assure all its stakeholders and customers, that while the Company is facing some challenges, the Company is…
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NetOne extends zero tariff model
Telecommunications giant NetOne has extended its zero-tariff transaction charges on its mobile money platform – OneMoney – to March 2020. The bold move by NetOne rides on the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ)’s abridged third quarter report for 2019, that saw One Money growing by 27% from 335,132 active mobile subscriptions to…
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NetOne’s OneMoney Records 33pc Growth
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…
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EcoCash Launches Remittance Service in South Africa With New, Unique Remittance Services
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…
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Now You Can Send Money Across all Networks Including MTN Rwanda and Safaricom MPesa
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…
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M-Pesa Gears up for 1,200 Transactions Every Second
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…
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Deep Dive into the Revamped KCB M-Pesa Facility
Digital mobile lending in Kenya is a space that is ever-growing, whether the motivation is to push for financial inclusion or to simply provide a service in a neglected space, what’s constant is that the sector is ever-growing. As of September this year, there were over 50 mobile loan facilities, including M-Shwari and KCB M-Pesa. A report by FSD…