Mobile Banking News

Madagascar: Telma launches new credit and saving mobile money services with Mvola Avance


 | Source: Ecofin Agency

On November 7, 2017, mobile telecom operator Telma has launched a new financial service backed to its MVola Mobile Money service, “Mvola Avance”, which includes savings and loan offers.

Kenya: Gulf African Bank and Safaricom to launch in 2018 Mobile Money based Islamic finance service


 | Source: Ecofin Agency

Gulf African Bank (GAB), Islamic bank operating in Kenya, and the leading local telecoms operator Safaricom, will launch by March 2018, M-sharia, a platform that will offer sharia-compliant services via mobile.

Nigeria: Fintechs Urged to Enhance Financial Inclusion


 | Source: This Day; All Africa

The Central Bank of Nigeria (CBN) has urged financial technology (fintech) companies to come up with more solutions that would bring more people into the banking system.

Rwanda: KCB Bank Unveils Mobile Micro-Credit Facility


 | Source: The New Times; All Africa

It will now be easy for KCB Bank Rwanda customers to access small loans to cater for emergencies or restock thanks to the bank's new mobile credit facility.

Proparco and FMO commit USD 30 million to Banque Populaire du Rwanda


 | Source: Financial Afrik

Proparco and FMO, respectively the French and Dutch Development Finance Institutions, signed a USD 30 million loan to Banque Populaire du Rwanda (BPR), with both providing USD 15 million each.

Nigeria: Interswitch Partners Banks On New Lending Platform


 | Source: This Day; All Africa

Interswitch has intensified plans to boost financial inclusion drive through provision of non-collaterised micro and nano-loans to individuals and SMEs across various channels. The new innovation is design to accommodate multi-channel low-level retail lending without collateral.

Kenya: Digital Financial Products Re-Define Service Delivery


 | Source: Daily Nation; All Africa

Collaboration between microfinance banks and telcos in rolling out products and services that boost financing of micro small and medium Enterprises (MSMEs) is imminent, financial sector players say.

South Africa: Capitec Banks More Earnings As Self-Service Transactions Surge


 | Source: News24Wire; All Africa

Capitec Bank [JSE:CPI] announced on Wednesday that headline earnings for the six months to August 31 2017 grew to R2.05bn, from R1.75bn in the previous comparable period.

Nigeria: CBN Mulls Digital Currency


 | Source: The Guardian; All Africa

Following cautious considerations, the Central Bank of Nigeria (CBN) has commenced arrangement to introduce a digital currency in a move to key into the global adoption of Crypto currency initiative.

Tanzania: Ecobank Tanzania Unveils Two Digital Payment Systems


 | Source: The Citizen; All Africa

Ecobank Tanzania has unveiled two digital payment solutions on Wednesday, September 20, 2017 aimed at easing retail payment.

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