Announcing a $2 million partnership with the IFC, MTN is investing in the expansion of its Mobile Money (MoMo) network locally.
Wala hopes to provide users in Africa with a simple, zero-fee way to transact, send money and more.
Prospective eWallet eXtra customers can sign-up without ever having to go into a bank.
The number of active mobile money organisations operations in the region had reached 140 across 39 countries.
In January 2017, WorldRemit customers transferred more than $140 million (at annualised rate) to Kenya.
Safaricom and mSurvey have partnered to launch a chatbot service for cash consumers in Kenya.
By the end of this year, Mama Money will have expanded to six African countries in total.
Consumers are expected to maximise on the convenience of FNB’s eWallet service to make payments and send money this festive season.
MTN’s Mobile Money becomes the next mobile payment system to fall after Vodacom shut down M-Pesa earlier this year.
Citizens have rallied financial support to bail out protestors arrested in last weeks’ stay away in Zimbabwe, using mobile money.
FNB revealed that R1.2 billion is set through the mobile money service every month, and it currently has 3.5 million active users.
Are mobile money services doomed to the same fate as Vodacom’s M-Pesa? According to FNB its eWallet service is flourishing.
It’s been five months since we did this, but back by popular demand, Brettski and Steven Ambrose get together to speak about WeChat Wallet, the state of the local Internet and their favourite products of the year.
Barclays Africa’s CEO for investment banking has a surprising view of the future.
MoneyGram and Econet Wireless have partnered to make money transfers easier.
Tanzania has the most registered mobile money accounts in Africa.
eWallet users in Gauteng, KZN and the Eastern Cape contribute the most to that total.
There are a number of things that SA needs to do to make it work.