Africell Uganda mobile money customers have been directed to access their mobile money transactions through Stanbic Bank Uganda. The announcement was made by Bank of Uganda (BoU), following a decision by Africell Uganda to close their business on the Ugandan market by October 7, 2021. Africell Uganda telecom has been offering mobile money services in...
MTN Mobile Money app (MTN MoMo), powered by uBank, has expanded into the digital health service space with the release of a Nurse & Video-Dr Consult pre-paid solution. According to the operator, the pre-paid digital healthcare solution starts from R370 and is accessed via the MoMo app. The service is offered in partnership with CareWorks,...
Airtel Money will leverage its partnership with African payments company Flutterwave to expand its services to Eastern and Southern Africa. The partnership enables businesses integrating Flutterwave in Kenya, Malawi, Rwanda, Tanzania, Uganda and Zambia to receive payments from Airtel Money customers and transact high volumes with Airtel Money’s proprietary Fintech platforms. Airtel said the services...
Cameroon’s ISP and mobile virtual network operator YooMee has launched its new mobile money service in direct competition with MTN MoMo and Orange Money. In June 2021, the Central African Banking Commission (COBAC), via United Bank for Africa (UBA), authorised the telco to offer electronic money services. As MNOs and MVNOs are not financial institutions,...
Newly entering telecom operators in Ethiopia can now request to provide mobile financial services in the country after six months of acquiring license. Talking to The Reporter following the request for proposal the government issued for a second telecom operator license, Balcha Reba (Eng.), Director General for the Ethiopian Communications Authority (ECA) said that the new license...
The amount of money transacted through Telebirr, ethio telecom’s mobile money transaction platform, surpassed one billion birr on September 23, 2021. The mobile money transaction app has only been operation for five months. Even though the company disclosed at an LTE advanced mobile internet service launch in Nekemte town on September 18, 2021 that the transaction...
Orange Middle East and Africa has signed a deal to deploy Ericsson’s Wallet Platform for its mobile money services across fourteen countries. Ericsson said the roll-out in the Orange Money footprint starts with Senegal. Ericsson’s platform is expected to provide a more agile and compliant IT architecture to enhance performance in managing the flow of...
From Botswana, Orange Money has collaborated with local content streaming platform UPICtv to support the country’s arts industry by facilitating mobile money payment for subscriptions. Launched last year by Botswana Fibre Network (BoFiNet), UPICtv is a streaming subscription service available at P50.00 per month, down from the original launch price of P75.00. According to BoFiNet...
Vodacom Tanzania Plc has initiated the second phase of its global money remittance expansion scheme with the launch of the “Dunia Kijiji, Afrika Mashariki ni Yako” campaign in which it now allows for direct money transfers from M-Pesa to all bank accounts in the East African countries of Kenya, Uganda, Burundi and Rwanda, as well...
Since 2010, the central securities depository (SCD) of the Ugandan stock market has been engaged in the digitization of its operations. It has just taken a new step thanks to its collaboration with MTN MoMo. Mobile operator MTN Uganda has further democratized Ugandans’ access to the local stock market. It is now possible, from its Mobile Money...
