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mobile money

Unlocking Financial Inclusion: USSD Technology in African Mobile Money

In the ever-evolving landscape of mobile technology, one innovation has stood out as a catalyst for financial inclusion in Africa: Unstructured Supplementary Service Data (USSD). This technology, while sounding technical, plays a crucial role in powering mobile money transactions, particularly...

Stop Trying to ‘Formalise’ SMEs – Fintech offers a better way to boost growth in Africa

Small and medium-sized enterprises (SMEs) present a significant opportunity for Africa to build on the positive fintech momentum to grow GDP - but we need to stop thinking about formalising them and instead provide further fintech solutions that bridge...

Kacha DigiFin Approved by National Bank for Commercial Operations

Kacha Digital Financial Service S.C. announces its official approval from the National Bank of Ethiopia (NBE) to commence full commercial operations. This significant milestone firmly establishes Kacha as the nation's inaugural privately licensed payment instrument issuer. Kacha Integration with EthSwitch Having obtained...

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...

The Role of Mobile Money in Kenya’s Tech Surge

Over the last decade, Kenya has witnessed significant technological growth, with the country now considered among the leading nations on that front in Africa. Dubbed Silicon Savannah, the East African nation has become the reference point for technological advancement not...

Cellulant Partners with Five Water Utility Companies in Zambia

Cellulant Zambia announced a digital payment partnership with five leading Zambian water utility companies; Nkana Water, Kafubu Water, Mulonga Water, Chambeshi Water, and Western Water. This partnership will allow customers in the country to pay their water bills with their...

HelloPay Launches Business Solution Package to Support SMEs

HelloPay has launched a new turn-key suite of business solutions that will enable growth, save costs, and give users peace of mind that financial access is available to them when they need it. The informal sector accounts for about 18...

MTN Nigeria Attains Approval to Operate Mobile Money Bank (MoMo)

MTN Nigeria received approval from the Central Bank of Nigeria on Monday to operate Mobile Money (MoMo). MTN Nigeria's Mobile Money (MoMo) service has more than 9-million users since it launched in 2019. According to TechCabal, the approval means that...

Paysend Partners with Afrimoney to Enable Transfers to West Africa

Paysend, a UK-based fintech with over 6.5 million customers, announced on Thursday a technology partnership with Afrimoney, the mobile money service provided by Africell, to enable money transfers to West Africa, specifically in Gambia and Sierra Leone. According to a...
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Social Media Erupts Over Miss SA Contestant’s Nationality

The Miss South Africa (Miss SA) contest has always been a celebration of beauty, intelligence, and cultural diversity. However,...
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