Tag Archives: Mobile Money

UNITEL and Huawei join forces to launch mobile money service in Angola

UNITEL launched this week a digital money service “UNITEL Money” in Angola. The service allows users to make deposit, withdrawal, transfer and payment via mobile phone, without needing a bank account.The technology platform used by UNITEL is powered by Huawei, with whom the company has been cooperating over the past couple of years. “The project [...]

Safaricom-led consortium to introduce mobile money service in Ethiopia

Ethiopia has cleared the path for Safaricom-led consortium to launch its popular M-Pesa in the Ethiopian market after deciding to include the mobile phone-based financial services in the telcos license offered in May. According to the Business Daily Africa website, the Ethiopian authorities have stated that the license making the consortium the first new [...]

Nexttel to roll out its mobile money service in Cameroon by the end of 2021

The roll out of Nexttels mobile money service is one of the key priorities of new CEO Benoît Yaoussou. The executive explained that by the end of 2021, Viettel Cameroon, operating under the brand name Nexttel, will introduce its mobile money services. Nexttel Possa, which means Nexttel wallet will be launched in collaboration with UBA [...]

Hormuud Telecom obtains first mobile money license in Somalia

Somalias central bank awarded the countrys first mobile money license to Mogadishu-based Hormuud Telecom Somalia Inc, a move intended at developing the countrys digital payments system and integrating it with the global financial system. Hormuud Telecom has approximately 3.6 million subscribers in Somalia, a country of more than 15 million people, and roughly 3 million [...]

Airtel Africa partners with MoneyGram to expand mobile money service

Telecommunications group Airtel Africa has partnered with cross-border payments and transfers provider MoneyGram to expand its mobile money service. This initiative will allow customers in 12 countries to transfer and received MoneyGram around the world into their mobile money wallets on their phone. The provider of telecommunications and mobile money services stated that the partnership with person-to-person [...]

Tigo Tanzania extends mobile money service in East Africa

Tigo Tanzania has extended its Mobile Money service across East Africa. Tigo Pesa subscribers can now send or receive money to or from M-Pesa in Kenya, MTN MoMo in Uganda or Airtel Money in Rwanda via mobile phone, enabling families to transfer money to relatives, and small businesses to continue their operations. Tigo Tanzanias Acting [...]

Orange rolls out mobile money service in Morocco

Orange Morocco has launched Orange Money in the country to enable mobile users to make payments and transfer money using their phones.  Morocco becomes the 18th country in the Africa and Middle East region of Orange to offer the Orange Money solution. Orange Money allows every mobile user, regardless of their telecom operator, the possibility of having a [...]

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 – [...]