Ethiopia is speeding up the integration of banks and mobile wallets to tap into the local payments and international remittance markets, long flagged by the World Bank as key to TeleBirr, the country’s first mobile money platform. TeleBirr is run by telecom operator, Ethio Telecom and has soared to more than 4 million registered users...
The government may make a u-turn on its newly-introduced mobile money levy after the public unanimously rebuffed the move on the ground that it was defeating Tanzania’s financial inclusivity goal. Finance and Planning minister Dr Mwigulu Nchemba said on Monday that President Samia Suluhu Hassan has heard people’s complaints against the new mobile money levy...
High demand for financial inclusion in Sub-Saharan Africa (SSA) and rapid use of mobile wallet transactions in ‘leapfrog’ markets such as Kenya has helped propel the region’s 23% rise in mobile money transaction values for 2020. This is according to Aida Diarra, head of Visa in Sub Saharan Africa, who added that the race to...
Ethio Telecom has confirmed its intention to strengthen its 4G LTE network to support the further roll out of its TeleBirr mobile money service. The company says it has reached hit six million customers with Telebirr launched two months ago. Speaking at the launch of the company’s 4G LTE in the North West region of...
Vodacom Lesotho has announced that its M-Pesa division will now operate under a newly set up, independent company known as VCL Financial Services. According to information supplied by the company, the new venture has been authorised by the Central Bank and will be a licenced financial services provider, fully owned by Vodacom Lesotho. Vodacom Lesotho...
An unprecedented solution supposed to revolutionize financial inclusion in Africa, the Mowali project has still not really achieved its objectives. It must be said that since its establishment, it has encountered several obstacles, in particular regional regulations on financial transactions. Although things seem to be off to a bad start, Orange continues to believe in it. On...
The state-owned operator ethio telecom said that it has managed to access six million customers in the mobile payment system, Telebirr, in a two- month operation due to rapid penetration rate and advancement of telecom services. The above was disclosed yesterday when the telecom service provider launched 4G LTE Advanced Service in its North North...
Airtel Uganda has shifted all its financial transactions to a new company, a move that adheres to the latest regulations in the market, and one that offers more protection to customer funds. In a press statement, Airtel Uganda said it had completed its transfer of Airtel money issues Business to Airtel Mobile Commerce Uganda Limited....
The Covid-19 strongly impacted mobile payment in sub-Saharan Africa last year. The social restrictions imposed by the disease have prompted people to pay more without contact. For the World Bank, there is food for thought to improve financial inclusion. In its report “State of the Industry Report on Mobile Money 2021”, the World Association of Telephone Operators...
Airtel Uganda has announced the separation of Airtel Money from its Telecom Business. Technically, the Airtel Money Business has been transferred to Airtel’s affiliate, Airtel Mobile Commerce Uganda Limited (“AMC Uganda”). The business separation complies with a new law – the National Payment Systems (NPS) Act, 2020 – passed on 4th September 2020, and the...
