In August 2020, with the approval of the Central Bank of Liberia (CBL), Lonestar Cell MTN, Liberia’s leading GSM and Mobile Financial Services company, launched its international remittances service. The service allows Mobile Money customers in Liberia to receive money from their family and friends anywhere in the world directly to their MoMo accounts, free...
Mobile money service AfriMoney has been relaunched on what the company claims is a faster and more secure platform, with a wider range of services, as its operator Africell looks to expand in the DRC, Sierra Leone, The Gambia and Uganda. The service, which has been fully rebranded after formerly being known as Africell Money,...
Pan-African cross-border payment services provider MFS Africa has partnered with MoneyGram, a global player in cross-border P2P payments and money transfers, enabling MoneyGram to extend the reach of its service across Africa. MFS Africa provides its partners with this reach via its digital payments hub, which it touts as “the largest and most interconnected payments...
Airtel Africa has partnered with MoneyGram – an international money transfer company – to allow its 19 million customers to quickly and conveniently receive transfers directly into their mobile wallets. Once Airtel Money customers receive the funds, they can be accessed immediately and used to pay utility bills, goods and services, transferred to other individuals,...
Standard Chartered Bank and Airtel Africa have announced a strategic collaboration to drive financial inclusion across key markets in Africa by providing customers with increased access to mobile financial services. According to a statement released to the media, Airtel Money’s customers will be able to make real-time online deposits and withdrawals from Standard Chartered bank...
Econet Telecom Lesotho has completed a circle of innovation by introducing airtime conversion to the EcoCash wallet. This was revealed by Econet’s acting General Manager: Econet Services, ‘Makatleho Raphoolo at the product launch in Maseru this week. Ms Raphoolo said Econet first launched ‘buy airtime with EcoCash’ as one of the mobile money’s basic functions...
Christopher Ssali, Acting General Manager of Lonestar Cell MTN Mobile Money, said, “Many Liberians rely on international financial remittances from abroad. Most people endure long lines in packed banking halls to receive the cash sent to them by their loved ones. Now, with MTN MoMo Remittances, they can avoid the stress and the risks by...
Airtel Africa and Mukuru have partnered to enable Mukuru customers to instantly send cross-border transfers directly to Airtel Money customer wallets in 12 African countries. This partnership will be particularly beneficial for customers making intra-Africa payments from Southern Africa where Mukuru has a leading presence. Customers also benefit from no longer having to physically go...
French telecommunications firm Orange has partnered financial services group NSIA to launch Orange Bank Africa in Abidjan, Côte d’Ivoire. According to a statement released to the media, Orange Bank Africa will be headed by Jean-Louis Menann-Kouamé and will offer a range of services accessible via mobile phone. Orange Bank Africa has been established to address...
Mobile money and mobile banking service providers in Zimbabwe have been ordered to connect with the country’s national payment switch, ZimSwitch by no later than 15 August 2020. The Reserve Bank of Zimbabwe (RBZ) has stipulated this as the deadline for the installation or deployment or commissioning of infrastructure and connection. Last week RBZ announced...
