Monday, October 14, 2019
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Why did M-Pesa fail in South Africa?

South Africa's largest mobile operator Vodacom recently announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy. For many pundits the move comes as a surprise, because M-Pesa has been...

M-Pesa launches cross-border remittance

Vodafone's M-Pesa mobile money service opened its first international corridor on Monday, enabling customers in Kenya and Tanzania to transfer funds to one another via a handset. "With a substantial unbanked population transacting mainly in...

eServGlobal announces East African mobile money deployment

eServGlobal is now rolling out its mobile money solution to a mobile network operator in East Africa. The contract includes the provision of mobile money, microfinance, credit, postpaid bill payment, mobile banking, salary disbursement,...

M-Pesa transactions rise despite higher charges

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. This was a continuation of growth in use of...

Visa launches mobile managed service

Visa Inc. has announced the launch of a new plug-and-play mobile money platform that will make it easy and cost-efficient for financial institutions and mobile operators to offer mobile financial services to consumers. The global...

Ooredoo hits 1 million mobile money users

Ooredoo, the Qatari operator group  now has 1 million mobile money customers across its global footprint. The group, which has a presence in Qatar, Indonesia and Tunisia added that mobile money services have contributed...
Mobile money

Financial inclusion – Addressing the unbanked in developing countries

Around two billion people worldwide do not use formal financial services and around half the adults in the poorest households are unbanked, according to the World Bank. When financial inclusion is a key enabler...

Kenya’s mobile money transfer registers snail pace growth

The amount of money transferred through mobile phones in Kenya annually has been growing at a slower rate over the past five years. The slower growth is linked to a similar slow down in the...

Vodacom to re-launch M-Pesa in SA

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. The mobile currency has been popular in other...

Vodafone launches M-Pesa in Delhi

Vodafone India along with ICICI bank launched its mobile money transfer and payment service ‘M-Pesa’ in Delhi, expanding the footprint in the Capital. The company plans to roll-out the service in Mumbai and Lucknow in...

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Payment industry history with first AES DUKPT key management implementation

Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10. Co-designed by Verifone, AES DUKPT...
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