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mobile money transfer

Central Bank of Kenya Lengthens its COVID-19 Emergency Mobile Money Measures

The Central Bank of Kenya announced that it will extend the measures placed on mobile money transactions put forth back in March. Charges for mobile money transactions of up to KES1000 ($9,39) and the withdrawal of money between bank accounts...

3 fast money transfer apps for 2020

Initially, banks were slow to embrace the advantages the Internet offered. Various third-party developers took advantage of this opportunity to create applications and tools that made transferring money between people quick and painless. While banks have since made improvements...

Wafacash and WorldRemmit to offer instant money transfers across Africa

Morocco-based financial services company, Wafacash, has announced that the company is scaling up operations with digital money transfer service WorldRemit to offer instant money transfers across West and Central Africa. The companies, who already work together in Morocco and Senegal, will expand into...

From Europe to Nigeria, easy cross-border remitances

TerraPay, a mobile international payment network, has announced that it has partnered with MoneyTrans, a leading Money Transfer company established in Europe and Africa as well as Paga, Nigeria’s pioneering payments and financial services company, to launch cross-border remittances...

Tanzania: Tigo inks money transfer service deal with Vodacom

Millions of M-Pesa and Tigo Pesa customers in Tanzania will soon be able to send and receive money directly into each other wallets. This follows the recent signing of a mobile money interoperability agreement between Tigo and Vodacom. The agreement...

MTN inks major Mobile Money partnership for Africa

Online money transfer service WorldRemit and telecoms operator MTN have inked a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement is expected to extend WorldRemit’s position as a provider of...

MTN enables sending of money between Ivory Coast and Benin

MTN Group has revealed the launch of a mobile money cross-border remittance service between Ivory Coast and Benin, to further enable the cheaper and easy movement of money in the West Africa region. The Ivory Coast-Benin mobile money cross-border corridor...

Tanzania: Trade union unveils mobile money transfer platform

The Tanzanian Informal Sector Worker Union (ISWU) has unveiled a new mobile money transfer service. According to the Union, the mobile money transfer platform has been dubbed "Dau-Pesa." The union has introduced the mobile money transfer platform in order to...

Kenya: Azimo unveils instant M-PESA transfer service

Azimo, an online money transfer service, has revealed that customers across Europe can now send money instantly to the mobile “eWallets” of M-PESA’s 19 million subscribers in Kenya. Kenya boasts one of the highest global rates of mobile banking, with...

“Tax on mobile money transfers not the answer” – Tanzanian economist

After a proposal by the Kenyan Finance Minister to tax mobile money transfer in the country, Tanzanian economists have fired a warning at their own government, saying that the implementation of similar steps in Tanzania would lead to less...
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Enhancing IoT Security with a Cyber Immune Solution

Internet of Things (IoT) devices, ranging from wearables to smart home appliances, are increasingly targeted by cybercriminals for...
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