MTN launches paperless payment service, MomoBusiness in South Africa as it seeks to replicate Safaricom’s Lipa Na M-pesa’s success in Kenya. SPECIAL REPORT | BIRD AGENCY | MTN has unveiled MoMoBusiness wallet, a suite of payment solutions to tap into the growing demand for cashless transactions in the South African …
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As Safaricom launches M-PESA in Ethiopia with plans to mirror its huge success in Kenya, a battle with an incumbent looms large. SPECIAL REPORT | BIRD AGENCY | Safaricom’s activation of M-Pesa in Ethiopia, will initiate battle for a potentially huge mobile money market. But for once, the regional giant …
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Addis Ababa, Ethiopia | Xinhua | Ethiopia’s first private telecom firm Safaricom Ethiopia has officially introduced its mobile financial service, M-Pesa, three months after the telecom company received the payment instrument issuer license from the National Bank of Ethiopia. In preparation for the launch, M-Pesa has undergone a rigorous three-month …
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African mobile money M-PESA giant is looking to replicate its African success in new markets as the global demand for seamless, fast and affordable remittance services heats up. Nairobi, Kenya | BIRD AGENCY | With global remittances set to reach US$5.4 trillion by 2030, according to a specialised UN agency, African …
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From house piggy banks to accounts in commercial banks and now on mobile, junior accounts are going digital as telcos tap a much younger population to grow what could be their next biggest customer base Harare, Zimbabwe | BIRD AGENCY | Until recently, young children have been saving small amounts …
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Good innovations but utilization needs to be boosted | IAN KATUSIIME | When one talks about financial inclusion in Uganda, it is always mobile money that comes into their minds first. The mobile money system is now entrenched and is even a substitute for banks. Mobile money has successfully brought …
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Move would force citizens, companies, and policymakers to bring all Africans into the financial sector By Carl Manlan India has lately been pursuing an ambitious goal: a cashless economy. Despite early missteps and frustrations, it will turn out to be a change for the better for the country’s 1.31 billion …
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