Category Archives: Mobile Remittance

Visa denies Fundamo shut down

Visa has denied that it is about to shut down Fundamo, the mobile payments company it bought for $110m in cash five years ago. That is contrary to what a number of sources claim, with some reporting that key senior staff have left the (more…)...
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Safaricom sues Airtel over M-pesa

Safaricom has taken rival telecommunications company Airtel to court on claims that it is infringing on its M-Pesa trademark by including its symbols on its advertising billboards. Safaricom has filed pictures in court that it claims show evidence of Airtel Kenya’s (more…)...
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Safaricom blocks illegal Mpesa trade in Uganda

Safaricom has closed illegal Mpesa agency business in Uganda, forcing many Kenyans living there and regional businessmen to revert to use of expensive money transfer services offered by banks. Mpesa traders in Uganda said their Safaricom agent lines were blocked on (more…)...
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Mobile money outlawed in Uganda

A Ugandan court has pronounced that mobile money business operated by the five major telecommunication companies is illegal. Justice Christopher Madrama of the Commercial Court in Kampala, made the pronouncement on Friday. He was delivering a ruling on a case where Bugweri County MP (more…)...
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Malawi takes key step to advance digital payments

Malawi says it has taken a significant step towards creating a digital payments ecosystem in order to address poverty and drive inclusive growth. An event organized by the Government of Malawi with the United Nations Capital Development Fund’s (UNCDF) Better Than Cash (more…)...
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Mobile remittances in Africa to reach $33 billion

Remittances and mobile money remittances in sub-Saharan Africa are projected to reach $33 billion in 2015 as the services are growing above 6% in more than three countries with increasing mobile connectivity, according to WorldRemit. Many mobile phone companies in Africa (more…)...
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Mobile money transfers double

New research from remittance specialist Azimo, demonstrates that the percentage of money transfers sent from mobile phones has more than doubled in the 12 months to January 2015. Azimo’s research found that almost one in 10 people between the ages of 18 and (more…)...
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