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The value of mobile payment volumes increased by 206 per cent in 2020 to Rwf 7.177 billion from Rwf2.349 billion in the previous year, statistics from the central bank show. Mobile payment transactions increased by 85 percent from 378.8 million transactions in 2019 to 701 million transactions. In 2020, Mobile points of sale (POS) increased...

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Fintech products have proved essential during the global Covid-19 crisis for the majority of the African population still unbanked. The sector which shows continued growth is attracting more interest. Mobile operator MTN Rwanda has big ambitions for the mobile and online financial services market. For this purpose, the telecoms company wants to create a subsidiary specifically dedicated...

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ICT and Innovation Minister Paula Ingabire has been named founding board member of EDISON Alliance, a new global venture set to close the digital divide. Essential Digital Infrastructure and Services Network, or EDISON Alliance, was launched to accelerate digital inclusion, address inequality, and connect critical sectors of the economy. The development was announced during the...

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Rwanda plans to increase the Internet coverage rate of public secondary schools to 62% this year. The ultimate goal is to achieve universal Internet connectivity by 2024. Out of 1,459 public secondary schools, 724 are already connected to the Internet, of which 678 are connected to 4G. According to the Rwanda Education Committee (REB), the current...