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 Friday, January 31, 2014

Myanmar Mobile Money in partnership with Mobilemate Telecommunication has launched Myamar’s first mobile financial services using a solution provided by Oberthur Technologies (OT), the French vendor announced in a press release. The banking service is based on OT’s ‘MoreMagic m:Wallet’ product and enables person-to-person transfer, withdrawals and deposits as well as salary disbursement and merchant payments. Available in both Myanmar and English, the new service is supported by state-backed cellco Myanmar Post and Telecommunications (MPT) and Myanmar military-owned virtual provider MECTel. Myanmar Mobile Money is looking to target the more than 80% of the Myanmar population currently without access to banking services. The new offering falls in line with government initiatives to leverage telecommunications infrastructure to increase the availability of financial services and, as such, has received the support of the Central Bank of Myanmar.

Pankaj Gulati, CEO of MoreMagic, a division of OT commented on the development: ‘We are really proud to enable our customer to close the gap that the majority of the population faces thanks to our end-to-end mobile money solution. The ability to pay and transfer money with their mobile phone already transforms the everyday life of the less privileged, as they can conduct transactions anytime and anywhere and now have access to economic activities in which they formerly did not participate.’

Source: TeleGeography.

Friday, January 31, 2014 3:56:09 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Thursday, May 23, 2013
Brazilian operator Oi has started issuing the Oi Wallet, the first reloadable pre-paid card on the local market, in partnership with Banco do Brasil and Cielo. It works with both the mobile phone and the traditional card, providing mobility, convenience and cost control. The product allows users to make purchases at over a one million authorised Cielo sales points; to make pre-paid Oi top-ups and to transfer money to other customers. It is also possible to make withdrawals at ATMs from Banco do Brasil and corresponding banks.
 
The launch will be carried out in stages and is currently available to selected customers. Transactions happen via S@t Push technology, in which the messages are encrypted and not stored in the mobile. The monthly fee for Oi's new service is BRL 8.

Source: Telecom Paper.

Thursday, May 23, 2013 12:45:48 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Thursday, February 07, 2013

Kenya's largest mobile operator Safaricom on Friday increased the cost of moving funds through M-Pesa following a new tax on transaction fee earned from mobile money transfer.

Safaricom said customers transferring more than Ksh101 ($1.2) will have to pay 10 per cent more on account of a government decision to introduce a similar tax on earnings from the service.

The telco is opposed to the new tax arguing that it would add more costs to customers and therefore negatively affect the sector.

“As Kenya’s largest taxpayer, we appreciate the need to support government as it seeks to reach its financial obligations. However, we maintain our position that a tax on mobile money is at that this time premature and is likely to have a negative impact on the country’s financial deepening agenda by creating an unnecessary barrier for wananchi who are most in need of basic financial services, “Bob Collymore, the company CEO said.

The government on Friday gazetted amendments to the Finance Act of 2012, introducing a 10 per cent excise duty tax on transaction fees for financial as well money transfer services as it seeks to raise cash to fund its growing recurrent expenditure.

Analysts say the new tax law could have an even bigger impact on banks given the size of their transactions.

“Banks will even be worse because the 10 per cent duty is a huge portion of their revenues. Most players will pass on costs within the next few weeks,” explained Eric Musau an analyst with the Standard Investment Bank.

Source: The East African.

Thursday, February 07, 2013 12:13:02 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Thursday, December 20, 2012

The popularity of mobile money services in the African nation of Tanzania exploded between 2010 and 2012, according to figures from the Bank of Tanzania published in East Africa Business Week. The bank reports that monthly transactions have increased from 1.9 million in 2010 to 48 million in September this year, in turn driving the total value of mobile transactions up to TZS1.7 trillion (USD668.3 million) from TZS1.8 billion. The banks’ governor Benno Ndulu told delegates at the opening of a financial institutions’ conference in Arusha that millions of Tanzanians without bank accounts are benefiting from mobile money services to make payments, send remittances and store funds for short periods conveniently and at low cost.

Last month TeleGeography’s CommsUpdate reported that Vodacom Tanzania has signed up 4.4 million users to its mobile money service M-PESA, representing around 48% of its total subscriber base in the country. The service, which allows users with a recognised ID card to deposit, withdraw, and transfer money easily through a mobile device, is seeing sustained, strong growth. In February this year Vodacom confirmed that the number of M-PESA users stood at 2.7 million users – or 23.4% of the base. The cellco’s CEO Rene Meza says: ‘about TZS35 billion is transacted daily through M-PESA and attributed this to the fact that the service is safe and reliable and is available throughout the country.’

Source: TeleGeography.

Thursday, December 20, 2012 3:24:23 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Friday, December 14, 2012

Vodacom Tanzania has announced that the number of people signed up to its mobile money service M-PESA has passed the 4.4 million mark, representing around 48% of its total subscriber base in the country. The service, which allows users with a recognised ID card to deposit, withdraw, and transfer money easily through a mobile device, is seeing strong growth. In February this year Vodacom confirmed that the number of M-PESA users stood at 2.7 million users – or 23.4% of the base. The cellco’s CEO Rene Meza says: ‘about TZS35 billion (USD22 million) is transacted daily through M-PESA and attributed this to the fact that the service is safe and reliable and is available throughout the country.’

Source: TeleGeography.

Friday, December 14, 2012 11:05:51 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Tuesday, July 24, 2012

The Guardian newspaper reports that Vodacom’s Tanzanian operating subsidiary intends to expand coverage of its popular money transfer service M-PESA to even the most remote parts of the country, by dint of the TZS130 billion (USD83.8 million) network upgrade it is currently undertaking. Rene Meza, managing director of Vodacom Tanzania, says that the M-PESA service – launched in 2008 – is now taken by almost three million subscribers, helping to drive overall customer growth. Speaking in February this year, Meza said the sharp increase in subscribers was largely driven by people signing up to M-PESA, which has a claimed 85% share of total e-mobile commerce transactions in the country. It is clear that the money transfer service has made a significant contribution to the socio economic development of the country and ‘revolutionised’ the way many people do business there.

Meza is now confident that, with the planned network upgrade, Vodacom will be able to open up some otherwise ‘uncovered’ areas to its products and services. As reported by TeleGeography’s GlobalComms Database, the Tanzanian operator’s South Africa-based parent, Vodacom Group, earlier reported that its unit in Tanzania increased its active subscriber base in the twelve months ended 31 March 2012, closing out the period with 9.665 million users, a market share of 40.5%.

Source: Telegeography.

Tuesday, July 24, 2012 12:14:31 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Wednesday, June 27, 2012

Airtel Chad has launched the nation’s first mobile banking service, dubbed Airtel Money, allowing its customers to carry out financial transactions such as paying utility bills through their mobile phones. It is hoped that the service, which was launched in conjunction with Ecobank, will contribute to job creation and business opportunities. The cellco’s CEO, Salia Gbane commented on the launch: ‘This service allows customers to send money to their relatives, pay essential bills such as electricity and water, tuition fees, bookings and even buy groceries without having to carry cash. The phone essentially becomes an electronic wallet. This partnership clearly demonstrates the revolutionary role that mobile communications can play in improving the living conditions of the communities that we serve.’ As noted in TeleGeography’s GlobalComms Database, Airtel’s main rival in Chad, Luxembourg-backed cellco Tigo Chad, has previously announced plans to extend its Tigo Cash service to the country during 2012, but has been beaten to the punch by Airtel.

Source: Telegeography

Wednesday, June 27, 2012 3:07:26 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Friday, June 22, 2012

India’s leading telecom operator, Bharti Airtel, has entered into a partnership with Axis Bank, enabling customers to carry out basic transactions such as transfer money as well as deposit and withdraw cash via Airtel Money.
 
As per reports, Bharti Airtel chief executive, India and South Asia, Sanjay Kapoor said that following the recent pan-India launch of Airtel money, they are today excited to collaborate with Axis Bank to further strengthen their m-commerce proposition for customers.
 
He added that the services will first be offered in Delhi and Mumbai on the sending side, and Bihar and East Uttar Pradesh on the receiving side. Thereafter, these services may be extended to other remittance corridors in the country.
 
Kapoor also said that according to estimates, nearly 43 per cent of the country’s population does not have bank accounts-the ‘Airtel money Super Account powered by Axis Bank’ acts as a no-frills bank account that comes with remittance capabilities.
 
Axis Bank MD and CEO Shikha Sharma said that their alliance with Airtel will help the bank to reach out to excluded segments of their population, both in rural and urban centres, with reasonably priced banking and financial services.

Source: Wireless Federation.
 

Friday, June 22, 2012 2:50:29 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Friday, June 10, 2011

­Afghanistan based mobile network, Roshan has expanded its mobile money service, M-Paisa to payments for tickets with the Kam Air airline.

Customers who purchase tickets through M-paisa will also receive 10% off the airline purchase price.

"As part of our commitment to bringing innovative services to Afghanistan, we are pleased to be partnering with Kam Air, to bring the convenience and safety of mobile purchases to our customers. This partnership expands our growing merchant network throughout the country, providing more ways for Roshan customers to make purchases, using their M-Paisa wallet," said Karim Khoja, Chief Executive Officer, Roshan. Kam Air is also a strategic partner in Roshan's VIP program, the first of its kind in Afghanistan.

Upon payment through M-Paisa, customers will receive an SMS with a reference number, which will serve as their ticket. In April 2011, M-Paisa received Afghanistan's first Electronic Money Institute (EMI) license from the Da Afghanistan Bank.

Source: Cellular News

Friday, June 10, 2011 10:41:51 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Tuesday, November 30, 2010

Cellco Digicel Haiti has launched a mobile money service in cooperation with Scotiabank under the name ‘Tcho Tcho Mobile’, allowing Haitians to carry out cash withdrawals, deposits and transfers securely through their mobile phones without the need for a traditional bank account. During its first three months, the programme will offer up to 20,000 users the ability to access Tcho Tcho’s services which include domestic money transfer to another mobile user and phone top-up purchasing. The service will eventually expand both its user capacity and its range of services.

Source: TeleGeography

Tuesday, November 30, 2010 3:28:58 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Wednesday, July 21, 2010

Belgacom a présenté, en présence de l’ambassadeur du Maroc, son service international de transfert d’argent mobile vers le Maroc, en collaboration avec Maroc Telecom. Concrètement, ce nouveau service permet de transférer de l’argent d’un téléphone mobile en Belgique vers un téléphone mobile au Maroc. Le service est ouvert aux titulaires d’un compte PingPing, la plate-forme de paiement mobile de Belgacom. Une fois ce compte chargé, il est possible de transférer de l’argent, que ce soit par gsm ou par internet, aux clients de Maroc Telecom ayant souscrit au service MobiCash. Le destinataire voit son compte de téléphonie mobile crédité immédiatement lors de l’opération et peut retirer cet argent partout au Maroc.

Source: Belgacom

Wednesday, July 21, 2010 12:49:16 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Friday, May 28, 2010
Orange launched its mobile payment service Orange Money in Madagascar in early May in partnership with Banque Malgache de l'Ocean Indien (BMOI) and post office Paositra Malagasy (PAOMA). The service allows mobile customers to deposit, withdraw and transfer money, to easily buy call credit, to pay for goods at certain retail partners and to pay bills. As previously reported, the operator introduced Orange Money to two West African countries in the last few weeks, Senegal and Mali. Orange is studying customer needs in each market, with the intention of developing additional, more advanced mobile payment services such as international money transfers. Orange Money is available to all Orange customers whether or not they have a bank account, and is activated free of charge and with no minimum deposit. Orange's mobile-payment service is built around partnerships with local banks, which are responsible for issuing and guaranteeing the electronic money. The introduction of Orange Money in Senegal, Mali and Madagascar follows the initial launch of the service in Cote d'Ivoire in December 2008.
 
Source: Telecom Paper
Friday, May 28, 2010 12:59:09 PM (W. Europe Standard Time, UTC+01:00)  #     | 
 Friday, February 12, 2010

MTN Rwanda has announced the launch of its 'Mobile Money' service, targeting 100,000 subscribers in 2010, local daily The New Times reports. MTN invested USD2 million in the implementation of its new offering, which enables customers on the MTN network to carry out financial transactions using their wireless handset through the 120 agents nationwide appointed by the operator. The service also allows non-subscribers of MTN to receive money. Khaled Mikkawi, CEO at MTN Rwanda, commented: ‘We have a network reaching over 90% or the population and it is only right that we leverage this coverage for a common good product that will go a long way in the financial deepening of the Rwandan economy.’ MTN Rwanda is working with Commercial Bank of Rwanda (BCR) as the partner bank for its mobile money service.

Source: TeleGeography

Friday, February 12, 2010 11:20:36 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Monday, April 27, 2009

Mobile banking, in Colombia, has started gaining acceptance, reports nation’s Ministry of Finance. In 2008, the country saw 2.53 million m-banking operations, of which 443,787 were used for COP 12 billion in transactions and 2.08 million to check account balances. The country’s m-banking platform is being offered by Redeban Multicolor in partnership with Gemalto. The platform enables prepaid and postpaid mobile subscribers to access their bank services.
The pioneering banks in this area are AV Villas, Bancolombia, Davivienda, BBVA and Banco BCSC Colmena.

Source: Wireless Federation.

Monday, April 27, 2009 8:53:03 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Monday, April 06, 2009

Since the launch of mobile banking system in Colombia, the m-banking subscribers have crossed the mark of 9 million. Colombia has made an addition of 11,000 new m-banking customers per month, a report reveals. This service enables subscribers to use their mobile phones to consult their bank account balance, make money transfers and bill payments, as well as top-up prepay mobile phone accounts.

The incumbents like Comcel, Movistar and Tigo currently provide m-banking services as part of their value-added services portfolio.

The subscribers of Colombia made around 960,000 m-banking transactions, average generated by each subscriber is 8 m-banking transactions monthly.

Source: Wireless Federation.

Monday, April 06, 2009 9:34:36 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Monday, March 16, 2009

Deutsche Bank’s Global Transaction Banking (GTB) division has announced that it is introducing mobile phone payments services to its clients in 80 countries across Europe, Middle East and Asia. Luup, a European-based mobile payment provider, will partner with Deutsche Bank to provide the service.

This new mobile payment service will allow the Bank’s GTB clients to offer millions of consumers an instant and secure payments and money transfer service from any mobile device with any mobile network. It is the first time a major commercial bank has offered a cross-border mobile payments service to its banking and corporate customers.

Click here to see full article

Source: Cellular News.

Monday, March 16, 2009 9:45:15 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Thursday, March 12, 2009

Orange UK and Barclaycard introduce a new mobile payment system which is claimed to be the biggest evolution in terms of payment after the introduction of plastic cards, 40 years ago.

This new system will enable the customers to make payments through their handsets at the retailers by waving their handset against a reader. The two firms intend to widen their service to ticketing, transport and rewards.

Click here to see full article

Source: Wireless Federation.

Thursday, March 12, 2009 10:26:41 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Tuesday, March 10, 2009

Zain Tanzania’s brand new M-Banking service Zap has signed up nearly 1,400 customers in first 10 days of the launch of the service.

Zain also reported that “hundreds” of people have also applied to register themselves as Zap agents.

Zap was launched by Zain across East Africa ten days back.

Source: Wireless Federation.

Tuesday, March 10, 2009 9:34:06 AM (W. Europe Standard Time, UTC+01:00)  #     | 
 Monday, March 09, 2009

Trai has cut termination charges by 33%, this reduction will lead to lowered mobile tariffs for consumers. The regulator has slashed the termination charges on local calls to 20 paise a minute from existing 30 paise.

The new incumbents like  Datacom, Unitech, Shyam-Sistema and Loop Telecom among others were insisting on 0-10 paise per minute termination charge whereas the existing GSM operators were opposing any reduction in the charges, as they feared there revenue would be affected.

Source: Wireless Federation.

Monday, March 09, 2009 4:20:26 PM (W. Europe Standard Time, UTC+01:00)  #     |