Category Archives: Mobile Remittance

M-Pesa revenues surge

Safaricom has reported a 24% jump in M-Pesa revenues to KES19.4 billion ($190 million) in H1 2015, as its active user base reached 15.7 million. Interestingly, the operator also revealed a breakdown of its monthly mobile money traffic. Of the KES160.2 billion (more…)...
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MoneyGram collaborate with Econet Wireless

MoneyGram and Econet Wireless, the leading mobile operator in Zimbabwe, announced the launch of a new service that enables customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new (more…)...
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Equity continues fight with M-Pesa

As the gloves come off in the battle between Equity and Safaricom, Equity Bank has written to the financial sector regulator protesting Safaricom’s increase of M-Pesa tariffs on transfers made from bank accounts to the money transfer platform. In a (more…)...
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Cardless cash money transfer at ATM now available

Moldindconbank, one of Moldova’s largest and most innovative banks, has launched a cardless, cash money transfer service. The service, developed by OpenWay, makes it possible to receive a cash money transfer at ATMs without the need for a plastic card. Moldinconbank (more…)...
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Dwolla starts white-label service

Dwolla has launched a “white-label” payments processing service, meaning other businesses and banks can sign on to use Dwolla’s money-transfer system, but won’t have to put Dwolla’s label on it. Dwolla CEO Ben Milne said the white-label service is intended for companies that (more…)...
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Safaricom closes loophole in M-Pesa

Safaricom has introduced new charges for the transfer of funds from customers’ bank accounts to third-party M-Pesa wallets – sealing a loophole that lenders have been using to by-pass Safaricom when sending money. The telco said the Central Bank of Kenya (CBK) had (more…)...
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M-Pesa abides to CAK charges ruling

Safaricom says it will implement the directives by the Competition Authority of Kenya over charges on Lipa Na M-Pesa services within the deadlines set by the competition watchdog. The CAK on Thursday ordered the telco to disclose to consumers all charges (more…)...
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