Post Tagged with: "m-pesa"

M-Pesa Outage Leaves Customers Stranded (and Annoyed)

M-Pesa Outage Leaves Customers Stranded (and Annoyed)

by November 28, 2016 at 2:56 pm 0 comments

M-Pesa, perhaps the world’s premier mobile payments service, has been suffering outages over the past several hours, and in case you had any doubt of the system’s importance in Kenya and around the world, the angry tweets emerging should convince you. Monthly active users of M-Pesa in Kenya and Tanzania numberedRead More

There Are Almost As Many Mobile Subscriptions As People

There Are Almost As Many Mobile Subscriptions As People

by November 22, 2016 at 10:21 am 0 comments

Nearly half the world’s population will be connected to the internet by the end of 2016, according to the annual Measuring the Information Society Report released today by the United Nation’s International Telecommunications Union (ITU). Much of this may be attributable to the rise of mobile penetration, with the ITURead More

HomeSend Remittance Program Targets Mobile to Battle Cash in Ethiopia

HomeSend Remittance Program Targets Mobile to Battle Cash in Ethiopia

by September 23, 2016 at 11:46 am 0 comments

Earlier this week it was announced that HomeSend—a joint venture of Mastercard, eServ Global, and BICS that works to ease cross-border or cross-network transfers—partnered with the Commercial Bank of Ethiopia to launch a new remittance program in the country. Remittance is estimated to be a $3.5 billion—with a B—market inRead More

Utility Payments in Africa Draw 2 Startups — From the U.S.

Utility Payments in Africa Draw 2 Startups — From the U.S.

by July 21, 2015 at 11:53 am 0 comments

M-Pesa is far from the only FinTech innovation happening in Africa, but its value proposition — moving money through the mobile phone — is central to innovation efforts on the continent. Mobility is transforming financial services in Africa more dramatically than perhaps anywhere else, since it allows companies to leapfrog expensive infrastructureRead More

M-Pesa’s Mobile Banking Platform Moves to Realtime

M-Pesa’s Mobile Banking Platform Moves to Realtime

by May 8, 2014 at 12:33 pm 0 comments

The wait is over — realtime mobile banking transactions are here! Here, that is, if you are in Kenya or another country served by M-Pesa. The realtime service was unveiled today. M-Pesa, the money transfer service launched by the mobile phone service provider Safaricom in 2007, has made Kenya theRead More

Why Newly Launched Paym Might Be On to Something

Why Newly Launched Paym Might Be On to Something

by April 29, 2014 at 11:33 am 0 comments

Getting that girl’s number in a bar has a whole new meaning today. Paym, a person-to-person payments system that allows for the transferring of funds via mobile phone number, was launched today in the United Kingdom by a number of banks. Customers of these banks will be able to quicklyRead More

Walmart Enters P2P Space

Walmart Enters P2P Space

by April 21, 2014 at 3:27 pm 0 comments

American consumers may not go to bank branches all that often, but they sure go to Walmart. 80% of Americans are said to shop at Walmart at least once a year. America’s largest retailer debuted a service called Walmart-2-Walmart last week that allows customers to send money to other customersRead More

FNB South Africa Is Turning In Impressive Mobile Transaction Volume

FNB South Africa Is Turning In Impressive Mobile Transaction Volume

by April 9, 2014 at 12:35 pm 0 comments

The financial services story in Africa has been dominated in recent years by M-PESA, the Kenyan mobile payments service. But an there’s also a mobile banking story worth noting at First National Bank of South Africa. FNB, as it is called, is doing an impressive 230 million mobile banking transactionsRead More

Four Technologies That Will Revolutionize Financial Services

Four Technologies That Will Revolutionize Financial Services

by April 2, 2014 at 12:05 pm 5 comments

A new wave of technological change is right beyond the next hill, really in the next couple of years. Its most visible symptom is the hyper-connectivity to the Internet, which fuels the evolution of: bitcoin-inspired distributed systems open APIs (application programming interface) as a new way to consumer business servicesRead More

Coolest Brands 2014: The Gold Standard in Mobile Payments

Coolest Brands 2014: The Gold Standard in Mobile Payments

by February 24, 2014 at 10:44 am 0 comments

It just might be impossible to talk about banking services for the underdeveloped world without mentioning M-Pesa. Launched in 2007 by mobile network operator Safaricom in Kenya, M-Pesa has become one of the leading money transfer — and money storage — vehicles in Africa. Today, there are more than 15Read More