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mobile money services

Company News

Airtel Africa Reports 13% Revenue Growth for the First Quarter

Zintle -
Airtel Africa, a telecommunications company, has reported a 13% revenue growth for the second quarter of 2022. Total revenues, for mobile services and mobile money services combined, grew in Nigeria by 18.3%, in East Africa by 14.1%, and in Francophone...
Company News

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

Zintle -
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...
East Africa

Telkom Kenya Faces Delays on its New Mobile Money Subsidiaries

Zintle -
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...
Africa By Region

Nearly Half of SSA Consumers Are Using Mobile Money Services – Ericsson

Luis Monzon -
A major new consumer and market insight report from multinational networking and telecommunications firm Ericsson titled Mobile Financial Services on the Rise reveals that nearly half of all consumers in Sub-Saharan Africa use mobile financial services in 2021 –...
Company News

M-PESA is Close to a 99% Market Share in Kenya

Luis Monzon -
As of 31 March 2020, the number of registered mobile money subscriptions in Kenya was 29.1 million. This space is dominated by Safaricom with M-PESA having a 98.8% market share. The Communications Authority of Kenya (CA) reports that Airtel Money...
Africa By Region

Is Technology Africa’s Biggest Undiscovered Gold Mine?

Jenna Delport -
Technology has the potential to fundamentally transform societies. Information and Communications Technology (ICT) and broadband are becoming central to the societal developments around the world – enabling rapid improvements to industrial production and societal services, positively influencing the way...
General

Digital Afrique Telecom launches smart card system in Côte d’Ivoire

Fundi Maseko -
Digital Afrique Telecom (DAT) announced the launch of a Smart Card and Ticketing system to enable Ivorian public transport users to board over 700 buses every day through contactless cards. This smart ticketing service allows each passenger of SOTRA, the...
Company News

MTN and Vodafone agree to interconnect Mobile Money Services

Staff Writer -
Customers of MTN Mobile Money and M-Pesa in East Africa will be able to transfer money to each other following an agreement between MTN Group and Vodafone Group to interconnect their mobile money services. This interconnect collaboration between the region’s...
East Africa

Will taxes kill mobile money in Africa?

Staff Writer -
One sector continues to show growth in Africa and demonstrate the genuine potential the continent has to leapfrog global counterparts: mobile money services. Stakeholders, including mobile operators, have echoed the sentiment that the market is gaining traction and offers...
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Latest News

Company NewsMamsi Nkosi -

How Fayda Digital ID Powers Ethiopia’s Ambitious One-Stop Government Service Platform

Ethiopia has launched MESOB (Modern Ethiopian Service for Organized Benefits), a groundbreaking one-stop shop platform that exemplifies how Digital...
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