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Mobile Money

Mobile Money

Mobile Money
INTERNATIONAL
A World Bank report released over the weekend has tipped Ghana to be the fastest growing mobile money market in Africa. According to the report, the mobile phone ...
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Mobile
BANKING & FINANCE NEWSLETTER
Over the past decade, mobile-money services have exploded across the African continent, with an estimated 100 million people, or 1 in 10 adults, dealing in transactions worth $2.1 ...
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Ecobank
BANKING & FINANCE NEWSLETTER
Ecobank, the Pan-African bank announced today the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers ...
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MTN
BANKING & FINANCE IT/TELECOM
MTN Group will apply for a mobile banking licence in Nigeria and plans to launch a service there next year, its Chief Executive Officer, Rob Shuter, said on Tuesday, ...
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Airtel Cuts Prices
IT/TELECOM
Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd, said on Wednesday it had raised $1.25 billion from six global investors including SoftBank Group Corp, Warburg Pincus ...
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Financial Inclusion
IT/TELECOM
Nigeria’s largest GSM operators: Glo, 9Mobile, Airtel & MTN Nigeria are to expand financial inclusion to 90 million Nigerians by 2020. Chairman, Association of Licensed Telecommunications Operators of ...
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Leo
BANKING & FINANCE INTERNATIONAL
United Bank for Africa (UBA) Plc’s flagship Chat Banking personality, Leo, is set to further facilitate Africa’s banking services by changing the face of e-banking across Key African ...
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BANKING & FINANCE Biz Opportunity NEWSLETTER
You can get rich by registering as a Mobile Money Agent with the Central Bank of Nigeria (CBN) Shared Network Programmme where at least 500,000 licensed super agents ...
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Nigerian Economy Records US$10.22 billion Foreign
Uncategorized
The Central Bank of Nigeria (CBN) and the Nigerian Communication Commission (NCC) on Tuesday signed a Memorandum of Understanding ( MoU ) on payment system. Prof. Umar Danbatta, ...
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WorldRemit Partners With Mobile Money, Others In Cameroon
BUSINESS & ECONOMY Foreign
WorldRemit recently partnered with MTN Mobile Money, Express Union and Banque Atlantique to ensure that Cameroonians can choose to receive remittances in a way that suits them. With ...
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MTN Nigeria
IT/TELECOM NEWSLETTER
South-Africa owned telecommunications giant, MTN Group (MTNJ.J) has scrapped its local mobile money business, stating that the business it is not viable in a country where around three quarters of ...
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PRESS ARTICLES
Funds & Electronic Transfer Solutions (fets) one of the leading licensed mobile money operators, established by the Central Bank of Nigeria (CBN) has won the 2016 Africa’s most trusted ...
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Sub Saharan Africa Attracts $357 million Investment in Fintech
BANKING & FINANCE NEWSLETTER
Is my money safe? Why should I put my card details on this website or application? These people must be scammers… These are the typical reactions of an ...
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BANKING & FINANCE NEWSLETTER
According to a survey on financial literacy released by the Central Bank of Nigeria on Monday, March 8, more than 70 per cent of Nigerians have not heard of mobile ...
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BANKING & FINANCE COVER NEWSLETTER
The Central Bank of Nigeria, CBN, has pegged monthly value of mobile money transactions in the nation at N40 billion. CBN Deputy Governor, Operations, Suleiman Barau, who disclosed this ...
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Mobile Money To Improve as CBN Loosens Restriction on Telcos
With the review of the mobile money guidelines allowing for the participation of the telecommunication companies, the adoption of this form of banking is expected to get a significant boost. ...
12

Paga Has Recorded N154 Billion Transaction Volume Since Inception
Paga, one of the major  payment companies in Nigeria, has said it processed over 15 million transactions worth N154 billion since inception. Founder/CEO of Paga, Tayo Oviosu said there ...
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Airtel Boss Calls for Improvement of Mobile Money Model
Chief Executive Officer and Managing Director of Airtel Nigeria, Segun Ogunsanya, has called for a review of the current mobile money model, saying that a telco-led model would ...
6

Mobile Money Transactions: CBN Records N5 Billion Earning, Admits Missing Target
The Central Bank of Nigeria, CBN, has admitted that it fell short of mobile money expectations, despite N5 billion annual turnover recorded by operators. CBN Director, Banking Supervision, and ...
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Africa’s Mobile Money Remittances To Hit $33 Billion
Global remittances  from mobile money operations will grow slowly in 2015, but accelerate again between 2016 and 2017. However, remittances are projected to reach $586 billion, at a ...
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