Mobile Money

Dec 12, 2019  |  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 ...


Dec 09, 2019  |  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. ...


Dec 02, 2019  |  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 ...


Nov 27, 2019  |  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 ...

Airtel Africa Joins Forces With Mastercard In Mobile Money Deal

Airtel Africa, a leading provider of telecoms and mobile money services, has announced a collaboration with Mastercard, the giant technology company in the worldwide payments industry, that will give more than100 million Airtel Africa cellphone users in 14 African countries ...

Zimbabwe’s Central Bank Shuts Down Eco-Cash’s Mobile Money Cash Options

In Zimbabwe, mobile money “cash-in” and “cash-out” options have reportedly been killed off by the government, because the authorities have concluded that the functions are being abused. Zimbabwean mobile money agents, mainly with the EcoCash platform, are said to have ...

EcoCash Launches Bureau De Change Service In Zimbabwe

Zimbabwe’s mobile financial services platform, EcoCash has rolled out a bureau de change service in Harare. The exchange rate for the USD versus the Zimdollar on the EcoCash bureau de change opened at 1:10.8. The rate is in line with ...