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african telcos

Safaricom Chalks Up Almost $500-Million Profit from M-Pesa Unit

Safaricom, a Kenyan mobile operator company, made an Sh50 billion ($423.8-million) profit before tax from its M-Pesa mobile money service in the year ended in March 2022. According to Business Daily, the performance statement shows that while M-Pesa business contributed...

Telkom Kenya Faces Delays on its New Mobile Money Subsidiaries

Telkom Kenya says that it is facing delays in getting approval from the Communications Authority of Kenya (CA) for its two mobile money subsidiaries that it announced last year. According to Business Daily, the telecommunications company announced Telkom Digital and...

Safaricom’s M-Pesa & Visa Introduce GlobalPay Virtual Card

Safaricom has entered an agreement with Visa to form M-Pesa GlobalPay Visa Virtual card which will see the mobile phone-based money transfer service transact in 200 countries. This will allow customers to transact up to Sh150,000 ($1,283.70) per payment and...

Safaricom Hires Managing Director of Citibank

Safaricom, a Kenyan telecommunications service provider, has hired the managing director of Citibank to be in charge of strategy and acquisitions. The telco is currently seeking regulatory approvals to launch insurance, unit trust, and savings products in an endeavour to...

Cost effective, high performance storage is key to a competitive edge for Telcos

The telecommunications industry has changed dramatically over the past decade in response to evolving technology and revenue streams no longer come from the same directions they once did. With everything from infrastructure to voice calls and data becoming heavily...

Interview: “It’s tough for telcos to address the African market”

IT News Africa recently spoke to Rajesh Mishra, Co-Founder, President and CTO, Parallel Wireless, in an interview which looked to identify the challenges facing the African telecommunications landscape. Rajesh is the Co-Founder of Parallel Wireless, a telecoms network infrastructure company...

Digital Transformation: Can South African telcos capitalise on it?

South African telcos must start focusing on four key ingredients if they are to successfully own their part of the future telco market. The telco, that successfully prioritises these four elements first, will also set themselves up for huge...
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How is technology revolutionizing payment reconciliation for retailers?

As retailers expand into mid-market and beyond, the manual reconciliation of payments becomes increasingly complex and costly. With hundreds...
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