Mobile Money

Mar 25, 2020  |  MTN Cameroon Suspends Mobile Money Charges To Curb Coronavirus Spread

MTN Cameroon has decided to suspended charges on selected mobile money transactions within its network for one month, beginning on the 20th of March 2020. The management of Cameroon’s largest telco said that the move is part of its response ...


Mar 20, 2020  |  Airtel Kenya Waives Mobile Money Charges To Combat Covid19

Airtel Kenya has announced that it will scrap the transaction fees for mobile money services for the next 90 days, in hopes of easing the financial burden of self-isolating from the current global Covid19 pandemic. According to a report published ...


Mar 18, 2020  |  Kenya: Safaricom Scraps Mobile Money Fees In Wake Of Covid-19 Pandemic

Kenya’s telco Safaricom on Monday announced that it would waive fees on its mobile money transfer service M-Pesa for all transactions below $10. On Sunday, Kenya’s President Uhuru Kenyatta asked the country’s banks and mobile money providers to consider decreasing ...


Mar 13, 2020  |  Orange Rolls Out Mobile Money Offering In Morocco

Orange has rolled out its Orange Money range of financial services in Morocco, extending the reach of its financial footprint across the Middle East and Africa. Orange Money will allow Moroccans to process mobile payments and transfer money using their ...


Safaricom Sues Data Company After $200K M-Pesa Loss - Reports

Safaricom has reportedly sued East African Data Handlers, a company it had hired to manage its mobile money payment platforms, following the massive loss of clients’ money amounting to $200 000.00. The cash was lost over two years ago in ...

Zimbabwe's NetOne And ZIMRA Collaborate In Mobile Money Deal

Zimbabwe’s state-owned telecommunications operator, NetOne has entered into a collaboration with Zimbabwe Revenue Authority (ZIMRA) that will allow individuals and corporates to use the mobile financial services payment platform, OneMoney when paying taxes. Speaking at the launch, NetOne’s CEO Lazarus ...

MTN Launches Mobile Money Service For Second Time In South Africa

MTN officially launched its mobile money service, MoMo, in South Africa for the second time last week Thursday. The big question for the operator at this time is if all the lessons learnt in bagging 30-million users across other African ...

Vodacom Tanzania To Launch Mobile Money Transactions To M-Pesa Accounts

Vodacom Tanzania has partnered with the digital money transfers company WorldRemit to enable nine million users of the M-Pesa mobile money platform to receive money directly to their e-wallets from family and friends living abroad. Using the WorldRemit app, Tanzanians ...

South Africa: MTN To Roll Out Mobile Money Service In The New Year

MTN has announced that its mobile money service, MoMo is set to go live in January 2020, allowing subscribers to save, spend, send and receive money as well as pay for services and goods using their mobile phones. The announcement ...

Safaricom To Launch Mobile Money Savings Plan In Kenya

Safaricom has announced that it will be rolling out a savings plan on its mobile money service, M-Pesa that will allow its customers to save money and also earn an annual interest. The platform, named Mali (which means ‘wealth’ in ...

Ghana To Licence Mobile Money Services In 2020

The Bank of Ghana’s Head of payment systems has warned mobile money service providers that they will require a specific licence from the middle of 2020 in order to continue operating in the country, according to reports by local media. ...

Cameroon Rolls Out Mobile Money Aggregation Platform For Financial Inclusion

On 26 November 2019, Minette Libom Li Likeng, Cameroon’s Minister of Posts and Telecommunications signed a decree clarifying the conditions and operating rules of Unstructured Supplementary Service Data (USSD) for general access to Cameroon’s national electronic communications’ aggregation platform. This ...

Vodacom’s Mobile Money Exceeds $2.8 Billion In Monthly Transactions

Mobile operator Vodacom has announced that its M-Pesa transactions exceeded R41 billion ($2.8 billion) a month consecutively for the six months that ended on 30 September 2019. The mobile operator added that the high number of transactions is in line ...

Airtel Africa Collaborates With Ecobank To Boost Mobile Money Services

Airtel Africa and the African banking group Ecobank have entered into a partnership to provide Airtel Money and Ecobank customers with more access to mobile financial services throughout Africa. The contract, which is still subject to regulatory approval, will offer ...