Mobile Banking News

Nigeria: Banks Spend N34.2 Billion On IT, E-Business Infrastructure

03.01.2018

 | Source: The Guardian; All Africa

Given the drive to support the Central Bank of Nigeria (CBN) policy on cashless society and leverage on Information Technology, a total of eight deposit money banks have spent N34.2 billion on IT and electronic business infrastructure in nine months ended September 30, 2017, according to Leadership.

Kenyas' Mobile Money Deals Hit $16 Billion in Q3

02.01.2018

 | Source: The EastAfrican; All Africa

Kenyans transacted Ksh1.7 trillion ($16,4 billion) over their phones in the quarter through September 2017, a 54.5 per cent increase from a similar period last year as subscribers increasingly used mobile money to pay for goods and services.

Uganda: Centenary Bank Signs Deal With Worldremit

29.12.2017

 | Source: The Independent; All Africa

Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit.

Tanzania: ATMs Replace Mobile Phone Money Agents

27.12.2017

 | Source: Tanzania Daily News; All Africa

MOBILE money customers can now withdraw cash through Automated Teller Machines (ATMs), thanks to technology advancement. The technology excludes mobile phone money agents and enable customers to make transactions twenty four hours a day, which is a big relief as most money agents open shops late and close earlier.

Zimbabwe: Zim Central Bank Warns Against Use of Bitcoin

22.12.2017

 | Source: NewZimbabwe.com; All Africa

The Reserve Bank of Zimbabwe (RBZ) on Thursday warned the public against the use of virtual currencies such as Bitcoin because of the risks involved.

Kenya: KCB to Secure Accounts With Fingerprint, Voice Identity

18.12.2017

 | Source: The Nation; All Africa

KCB Group #ticker:KCB is set to introduce a biometric access system that will allow customers to use their fingerprints and voice to securely log into their accounts, including getting services at ATMs.

Kenya: CBA Plans M-Shwari Loan Rate Cut to Fend Off Rivals

07.12.2017

 | Source: Daily Nation; All Africa

Safaricom and Commercial Bank of Africa (CBA) will cut the price of M-Shwari loans to defend market share now under attack from resurgent mobile loan firms.

Nigeria: Banks Urged to Collaborate With Fintechs to Boost Financial Inclusion

29.11.2017

 | Source: This Day; All Africa

The Central Bank of Nigeria (CBN) has called on banks to collaborate with financial technology companies (Fintechs) to improve the level of financial inclusion in the country.

Uganda: Bank of Uganda Says Mobile Money Charges Are High

29.11.2017

 | Source: The Monitor; All Africa

Bank of Uganda says mobile telephone companies' financial services charges are high.

Morocco forbids crypto currency

23.11.2017

 | Source: Ecofin Agency

The Office national des changes du Maroc and the Central Bank prohibited all e-currency related transactions. The two institutions claim crypto-currencies are “opaque”.

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