Tag Archives: Mobile Money

Malawi Post Corporation to introduce mobile money service

Zaphweka (ZapCash) mobile money service will be launch before the end of the year. The announcement was made during a meeting with the country’s Minister of Information, Civic Education and Communication Technology Mark Botomani in Blantyre, MPC Director General Henry Shamu confirmed the progress and said the groundwork had reached a progressive stage. Shamu declared [...]

MTN Nigeria granted license for mobile money services

A subsidiary of MTN Nigeria Communications PLC has been granted the authorization by the country’s central bank in Abuja that would enable it to offer financial services. Nigeria declared last year that it would enable telecom companies to offer banking services, intended to give millions of Nigerians without bank accounts access to mobile money services – [...]

Airtel to roll out mobile money in Nigeria

Airtel Africa has declared it will soon introduce its mobile money business in Nigeria. The Chief Executive Officer, Raghunath Mandava, claimed that the growth in revenue was attributed to the double-digits growth across business products in Nigeria and East Africa. The telecommunications and mobile money service provider, present in 14 countries across East, Central and [...]

Mauritius Telecom to roll out mobile money service

Mauritius Telecom (MT) will soon roll out the mobile money service. The announcement was made during the opening ceremony of the 39th edition of the conference of the Southern Africa Telecommunications Association (SATA). The CEO of Mauritius Telecom (MT), Sherry Singh, said, “I believe in the digitization of money. We will soon launch a service, the [...]

MTN confirmed the relaunched of Mobile Money service in South Africa

MTN has announced the relaunched of Mobile Money (MoMo), alongside new media offerings which will increase digital revenue. To note, MTN launched its Mobile Money in 2012 which attracted over 2 million customers, but shut it down in 2016 due to lack of commercial feasibility. The operating costs of providing a mobile money platform have [...]

MTN re-introduces Mobile Money in SA

MTN is re-launching Mobile Money in South Africa. Recently, group CEO and president Rob Shuter said the telco would bring the service back to SA in the first quarter of 2019. MTN SA declared it was removing the Mobile Money (MoMo) offer in the country due to lack of commercial feasibility.  The service was first rolled out in [...]