Tag: Mobile Money
SIM deactivation to force-churn loads of Mobile Money wallets
Telecom and mobile money wallet operators in the country are worried that the scheduled mass deactivation of SIM cards on Monday, April 17, as...
M-Pesa partners Amazon to expand remittance services
Kenyan mobile money service, M-PESA has entered a strategic partnership with global e-Commerce company, Amazon, which will see M-PESA provide global remittance services.
The United...
Ghana, and how not to tax mobile money
In May 2022, the government in Ghana introduced a deeply unpopular tax on mobile money transactions, known as the e-levy. When it was introduced,...
MFS Africa partner Western Union to expand cross-border payments
Africa’s largest digital payments network MFS Africa has announced a partnership with Western Union.Â
Per the partnership, users of the MFS Africa platform will be...
Ethiopia sets Mobile Money licensing fee at US$150 million
The National Bank of Ethiopia (NBE) has proposed $150 million as the licence fee for all mobile money operators who want to set up shop...
FINTECH: Understanding The Basics
Over the years, the financial sector has been majorly influenced by technological and digital advancements through the adoption of innovative tools and processes in...
Zeepay makes another leap forward, gets approval in Gambia
Zeepay, the African fintech leader and game-changer in the mobile money space, has received regulatory approval to bring its revolutionary mobile money services to...
MTN raises MoMo transaction limit, wallet balance
MTN MoMo has implemented the Bank of Ghana (BoG) approved increase in daily and monthly transaction limits as well as maximum wallet balances.
The wallet...
Digital Fraud Alert! ECOBANK to decline transactions on selected sites, Apps
Due to the rising incidents of digital fraud against customers of banks across the country, Ecobank Ghana has announced its decision to decline online...
SIA drives value for over 200k micro entrepreneurs via Digital Finance...
The Africa office of US-based Strategic Impact Advisors (SIA) have, through simplified, compelling and free digital finance literacy, improved the economic conditions of over...