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mobile money services

Airtel Africa Reports 13% Revenue Growth for the First Quarter

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...

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...

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

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 –...

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

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...

Is Technology Africa’s Biggest Undiscovered Gold Mine?

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...

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

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...

MTN and Vodafone agree to interconnect Mobile Money Services

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...

Will taxes kill mobile money in Africa?

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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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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