Mobile Banking News

Uganda Drops Some Mobile Money Taxes

18.07.2018

 | Source: AllAfrica

President Yoweri Museveni's government has agreed to drop three of four levies it had imposed on mobile money transactions -- depositing, sending, receiving and withdrawing cash.

Three financial institutions launch cash pickup in Senegal

17.07.2018

 | Source: FinancialAfrik

WorldRemit, Global Money Transfer and the Regional Market Bank (BRM) have just put the “cash pickup” on the Senegalese market. This is a money transfer solution to allow their customers, instant shipment via BRM agencies located in the WAEMU zone.

 

Orange Côte d’Ivoire launches a Visa card

16.07.2018

 | Source: Financial Afrik

The Orange Côte d’Ivoire telephone operator proceeded on Tuesday 10 July with the launch of an Orange Money withdrawal and payment card.

Orange partners with NSIA to deploy services in West Africa

04.07.2018

 | Source: Ecofin Agency

French operator Orange clinched a partnership agreement with the Ivorian group Nouvelle Société Interafricaine d’Assurance (NSIA) to offer banking services in West Africa, through a joint-venture 75%-held by Orange and the remaining 25% owned by NSIA, Bloomberg reports.

Nigeria: CBN Set to Issue Guidelines to Regulate Fintechs

29.06.2018

 | Source: Vanguard; AllAfrica

The Central Bank of Nigeria (CBN) is currently drafting guidelines that would enable the regulation and supervision of the activities of Financial Technology Companies (FinTechs) in Nigeria.

Ghana: Mobile Money Accounts grew by 21.34% in 2017

21.06.2018

 | Source: Ecofin Agency

In Ghana, the number of mobile savings accounts reached 23.9 million in 2017, reflecting an increase by 21.34% compared to the 19.7 million recorded the previous year. This was indicated by Bank of Ghana in its Payments Systems Oversight-Annual Report 2017.

Kenya: NSE Launches Mobile App for Real-Time Monitoring

05.06.2018

 | Source: AllAfrica; DailyNation

Nairobi Securities Exchange (NSE) will Tuesday launch a mobile app, opening a window for investors to monitor the bourse real-time.

 

Digital finance, an opportunity to accelerate financial inclusion in Africa?

04.06.2018

 | Source: FinancialAfrik

Technology finance accounts for more than 50% of the 270 mobile banking offerings sold worldwide, 134 million active accounts listed in 2017, of which more than 84 million are in Sub-Saharan Africa. Since 2010, the African continent has been experiencing an upheaval in its financial ecosystem. Both banks and FinTech and other mobile banking operators compete for technological know-how to gain share in the vast digital finance market on the continent.

 

Nigeria: Union Bank introduces first bot software for banking services and operations

30.05.2018

 | Source: Ecofin Agency

The NSE-listed Union Bank of Nigeria announced last May 22 it will deploy an innovative Robotic Process Automation (RPA) technology for banking operations.

Mobile Drives Financial Inclusion In Africa, Growing 20% In Past Six Years

18.05.2018

 | Source: Forbes

Driven by mobile, there have been $300-million in monthly transactions in Africa from 7.2-million new people using digital financial services and 45,000 new banking agents due to a financial inclusion project.

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