A recent report by the GSMA reiterates the importance of mobile in the Sub-Saharan African region, especially with respect to mobile money.…
Opera to acquire controlling stake in Nigerian mobile money platform, PayCom
The company behind the popular Opera browser, Opera Software is about closing an acquisition deal for Telnet Nigeria Limited’s mobile money platform — Paycom. It was reported that Opera Software is se…
Recent figures from NIBSS reveal Nigeria is still largely a cash-based economy
According to the Electronic Payment Fact Sheet by the Enterprise Intelligence Unit of the Nigeria Inter-Bank Settlement System Plc (NIBSS), the total value of transactions via mobile money operators i…
CBN okays telecom operators for payment system in new MoU
The Central Bank of Nigeria has reconsidered telecommunications operators (telcos) in its financial inclusion drive, courtesy of a Memorandum of Understanding agreement signed by the apex bank and Nig…
CBN’s manoeuvre and the role of telcos in Nigeria’s financial inclusion
The Central Bank of Nigeria (CBN) has a target of 80% financial inclusion by the year 2020. Regardless of this, current regulation exempts telecommunication companies (telcos) from owning mobile money…
Ditch your wallet, take your money mobile
Next time you head out for the day, leave the wallet at home. Seriously. Toss your valuables and phone in a side pocket of your bag and get on out the door. Why waste the precious bag space and time w…
Consumer Insight Report reveals the true state of Mobile Money in Sub-Saharan Africa
A recent Consumer Insight Report published by Ericsson reveals that most consumers in 5 Sub-Saharan countries (Angola, Democratic Republic of Congo, Ghana and Nigeria) perceive mobile money as providi…
Mobile Money Expo 2016: Enabling low-cost transactions for Remittances
The future of Mobile Money and Remittance in West Africa and Africa at large was put under the spotlight at the 6th Remittance and Mobile Money Expo that took place at the Oriental Hotels yesterday. T…
Mobile Money Expo 2016 is just around the corner
The Mobile Money Expo, a mobile financial services focused event held annually is now in its 6th year. Leading innovators and decision makers from international money transfer operators, financial ser…
Uber Lagos working on Mobile Payments option with Paga
Following foreign exchange issues that had some users being charged over the actual fares their receipts displayed, Uber announced cash payments in Lagos. Lagos is now the third African city, after Ca…
Mobile penetration in Kenya hits 88 percent
According to a quarterly report by the Communications Authority of Kenya (CA), mobile penetration stood at 88.1% at the end of the quarter with 3.87 million subscribers up from the previous 36.1 milli…
Apps are overrated: How Nigerian developers can tap into the SMS goldmine
Mobile is like the railway system; there’s 1st, 2nd and 3rd class. In the first class, we have incredible devices – iPhones, Lumias, Androids – which connect to the internet. But at the bottom of that…
Facebook enables Safety Check feature in Nigeria, following Yola bombing
Facebook has activated its Safety Check feature in Nigeria following a deadly bombing in a vegetable market at the lorry park along Jimeta bypass in Yola, Adamawa state. Facebook users who are in Nige…
Mobile Money Africa to host Remit Africa 2015 Conference in Lagos
Mobile Money Africa have announced that they will be organizing the Remit Africa conference in Lagos from 4th November – 5th November and the theme is, “Enabling Low Cost Remittances in Africa” The co…
Nigerian Mobile Money Providers Record N700 Billion Since 2012
There are 23 licensed mobile money operators in Nigeria, and they have recorded a total of seven hundred billion naira in transactions since 2012. This was announced yesterday at a presentation on Mob…
Konga Acquires Mobile Banking Provider, Zinternet to power KongaPay
Konga today finalized its acquisition of Zinternet Nigeria Limited (Zinternet). As a result, Konga now owns 100% of Zinternet’s assets, including its mobile money license. This will help power K…
M-Akiba: Kenya’s Latest Financial Revolution
The Kenyan government has announced its intention to launch a mobile service called M-Akiba that provides citizens a better option of buying government bonds and securities on their mobile devices wit…
CBN: Mobile Money turnover below expectation, records N5 billion annually
The Central Bank of Nigeria (CBN) has said that Nigeria’s transactions in mobile money stands at N5 billion annually. The Banking The Director, Supervision of the Central Bank of Nigeria (CBN), …
SimbaPay Launches International Access to Kenya’s M-Pesa PayBill
SimbaPay, a digital money transfer provider based in Kenya, has announced the launch of a product which will allow users outside Kenya to make M-Pesa PayBill payments. Before now, the M-Pesa PayBill s…
Court Rules Mobile Money Operations Illegal in Uganda
A commercial court has ruled against five telecommunication companies operating mobile money in Uganda- says its illegal. A Judge of the commercial high court in Kampala, Justice Christopher Madrama m…