MoneyGram announced an agreement with Lebara Mobile, one of Europe’s leading MVNO’s, to offer MoneyGram transfer services over the Lebara Money mobile and web solutions. MoneyGram’s money transfer platform is now integrated within the Lebara Money iPhone and Android mobile payment platform solutions and the Lebara Money website, enabling customers in the United Kingdom – and soon, in Spain, the ...

Mobile money transactions in Kenya reached $5 billion in the first quarter of 2013, according to official data from Central Bank of Kenya (CBK), telecompaper has reported. The Q1 figures mark a year-on-year increase of $0.76 billion, when the total number of mobile money transactions hit $4.24 billion. According to the CBK, the majority of transactions for the quarter were made in ...

Vodacom, SA’s largest cellular company, is set to try again with its mobile money service, M-Pesa, after the offering failed to gain traction in the local market. (more…)...

Mobile money usage in Uganda tripled last year, with the number of users surpassing those of bank account holders. Charles Abuka, director for financial stability at the Bank of Uganda, said the number of users of the mobile money transfer system grew from 2.9 million in 2011 to 8.9 million at the close of 2012. This pushed the number of ...

Vodacom Tanzania says that the number of people signed up to its mobile money transfer service M-pesa has broken the five million barrier, while total monthly transactions now stands at TSZ1.3 trillion ($823.3 million). (more…)...

Six months ago, Jane Adhiambo Achieng walked into a local Kenyan bank with the hope of getting a loan for her small grocery business. After providing all the paperwork and after weeks of back and forth between her and bank officials, she was turned down. (more…)...

Kenyans defied a rise in mobile charges to make transactions worth Ksh139 billion ($1.64 billion) last month, new data from Central Bank of Kenya (CBK) indicate. (more…)...

The first is the launch of the Western Union Global Share platform, which enables the company to introduce new stored-value solutions in markets around the world by joining forces with local companies. (more…)...