Mobility & Financial Services
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Mobility & Financial Services
Mobile financial services news and trends
Curated by Katia Hilal
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Bitcoin is being used by African migrant workers to send money home

Bitcoin is being used by African migrant workers to send money home | Mobility & Financial Services | Scoop.it
Migrant African workers are increasingly turning to bitcoin to send money home.
Katia Hilal's insight:

Will Kenya become the first virtual currency economy? The article does not explain how Bitcoins are eventually converted into real currency, who Kenya's Bitcoin agents are and how the  transfer is settled between the sending and the receiving agents.

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Nigeria will not license operators for Mobile Money

Nigeria will not license operators for Mobile Money | Mobility & Financial Services | Scoop.it

Tunde Lemo, deputy governor, Operations, at the Central Bank of Nigeria (CBN) has pooh-poohed what appeared to be the global model for mobile money payment system, the Kenya Mpesa stating that it has only helped in creating a monopolistic bohemia. Lemo said in view of the Kenyan experience, Nigeria would not licence mobile operators in the country despite public demand for the telcos to be so licenced.

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Vodafone’s mobile money pioneer reveals frustration at industry progress, Latest Videos | Mobile World Live

Vodafone’s mobile money pioneer reveals frustration at industry progress, Latest Videos | Mobile World Live | Mobility & Financial Services | Scoop.it
M-Pesa pioneer and Vodafone’s managing director of mobile money, Michael Joseph, has told Mobile World Live of his frustration at the way in which operators have tackled mobile money deployments, claiming the industry has been held back by a lack of long-term investment. "Mobile money is not a typical mobile operator product like a ringback tone or a new SMS product," he says in an exclusive new interview.
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Vodafone’s M-Pesa to Open Up More International Money Transfer Routes through HomeSend

Vodafone’s M-Pesa to Open Up More International Money Transfer Routes through HomeSend | Mobility & Financial Services | Scoop.it
Vodafone is set to help more people without access to conventional banking by broadening the reach of its secure mobile money transfer service, M-Pesa. Vodafone will connect its affiliates to HomeSend, the mobile remittance hub of BICS and eServGlobal.
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Tigo Pesa Interoperability | Millicom

Tigo Pesa Interoperability | Millicom | Mobility & Financial Services | Scoop.it

Millicom’s pioneering mobile money partnerships in Tanzania, firstly with Airtel and Zantel, will soon extend to Vodacom, who offer the country’s dominant mobile money service called M-Pesa.

The tie-up will place M-Pesa's seven million mobile money users in direct contact with Millicom’s own customers who, for the first time in Africa, will be able to transact with every mobile money user in the country, regardless of network.

- See more at: http://www.millicom.com/media/millicom-news-features-blogs/tigo-pesa-interoperability?sthash.sYCx3Rt9.mjjo#sthash.sYCx3Rt9.OSNiOmV8.dpuf

Katia Hilal's insight:

Tanzania will be an interesting lab to observe and monitor to check if the impact on the growth of mobile money usage is in line with the expectations of "interoperability advocates" of which I am one strong supporter. 

 

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Kenya's latest mobile money innovation booms - PaymentEye

Kenya's latest mobile money innovation booms - PaymentEye | Mobility & Financial Services | Scoop.it

Transactions on Kenya's latest mobile banking innovation, M-Shwari, crossed the Sh1 billion (USD11.6m) mark at the close of last year in an overwhelming uptake that could force the country's banks back to the drawing board.

Katia Hilal's insight:

This is a great example of Mobile Money 2.0 features which will embrace wider financial services such as loans, savings, micro insurance etc. Kenya has always been the best labs for these innovative services.

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ICICI Bank and Vodafone announce launch of new ‘m-pesa’ service in India - PaymentEye

ICICI Bank and Vodafone announce launch of new ‘m-pesa’ service in India - PaymentEye | Mobility & Financial Services | Scoop.it

Indian private sector bank, ICICI, and telecommunications provider, Vodafone, have announced the launch of a new mobile payments service in India called ‘m-pesa’. The new product comprises of a mobile money account and a Mobile Wallet.

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Kenya’s government is set to apply a 10% tax on mobile money transactions

Kenya’s government is set to apply a 10% tax on mobile money transactions | Mobility & Financial Services | Scoop.it
Following the recent strike in Kenya by state-employed teachers, lecturers and doctors, the country’s treasury has said it will cover the approximated $300 million USD cost in wage ...
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