Mobile Banking News

Nigeria: mobile money struggles to find its brands


 | Source: Financial Afrik

Only 1% of penetration rate, it is the sad score that realized the service mobile money in Nigeria after five years of activities in the country. A very low score that affects only about two million of Nigeria’s estimated 198 million people.

Ghana: Mobile Banking Revenues to Hit of U.S.$1.5 Billion


 | Source: Business Day Ghana; All Africa

Cellphones and rising connectivity in Ghana and other parts of Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, according to research.

Morocco: Banque Centrale Populaire Group Launches BPAY Mobile Payment Solution


 | Source: Financial Afrik

Engaged in the framework of the national strategy of financial inclusion, the group Banque Centrale Populaire launches, this Monday, April 16th, its solution of mobile payment “BPAY”.

PayPal, Safaricom and TransferTo Announce Collaboration in Kenya


 | Source: Financial Afrik

New service enables global e-commerce on the African continent and allows M-PESA users in Kenya to shop with PayPal merchants worldwide and allow Kenyan online businesses and freelancers to sell securely and transfer funds between their PayPal and M-PESA accounts.

BPCE to launch an e-bank in Algeria


 | Source: Ecofin Agency

The French group Banque populaire Caisse d'épargne (BPCE) is preparing to launch a digital bank, in Algeria, via its subsidiary Natixis Algeria. The information was given last April 6 on cBanque.

Kenya: Gulf [African Bank] Starts Paperless Banking


 | Source: Daily Nation; All Africa

Islamic lender Gulf African Bank has started paperless banking as it pushes to cut operational costs.

AFSIC 2018


Investing in Africa

In sub-Saharan Africa, e-money transactions rose by 14.4% in 2017


 | Source: Ecofin Agency

In sub-Saharan Africa, the overall amount of mobile money transactions reached $19.9 billion in 2017, up by 14.4% from the volume of transactions in 2016. This is revealed in a report from the World Association of Mobile Operators (GSMA).

Zimbabwe: Electronic Money Hits 96pc of Transactions


 | Source: The Herald; All Africa

Monetary transactions in the Zimbabwean economy are now dominated by electronic payment systems with more than 96 percent of local transactions now being conducted through plastic, internet and mobile money.

Ghana: mobile money takes over banks


 | Source: Financial Afrik

The financial transactions of mobile money reached 2,3 billions of Ghanaian credit is just over 505 million end of December 2017, according to data from the Central Bank of Ghana. This amount represents a growth of 84,6% against 285 millions of dollars in 2016.

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