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Safaricom sees drop in Ethiopia licence bid price after govt restricts mobile money to domestic firms

2020-11-16 09:46:00| Telecompaper Headlines

(Telecompaper) Disclosures contained in a transcript call covering events to the end of July, said Business Daily, reveal that Safaricom sees a licence without mobile money hurting profitability and lengthening the period to recoup the investment. CEO Peter Ndegwa said a licenve that does not include a mobile money license will significantly reduce the level of profitability and therefore in essence, Safaricom's bid price for the licence but also the profitability and payback period.

Tags: price money mobile drop

 

M-Pesa dominates Kenyan mobile money market will a challenger emerge from Telkom-Airtel merger?

2020-07-15 02:00:00| Total Telecom industry news

The Communications Authority (CA) of Kenya’s most recent figures show that M-Pesa is a runaway leader in the country’s mobile money market, with a market share now risen to around 98.8%.   Safaricom and Vodacom’s M-Pesa has been dominating Kenya’s money market for a long time. Since its launch in 2007, the mobile money service has become an integral service for the country&rsquo…read more on TotalTele.com »

Tags: money market mobile emerge

 
 

Zimbabwean government suspends all mobile money transactions over suspected malpractice

2020-06-29 09:44:00| Telecompaper Headlines

(Telecompaper) The Zimbabwean government has, with immediate effect, suspended all monetary transactions on mobile money platforms, reported New Zimbabwe. The suspension is intended "to deal with malpractices, criminality and economic sabotage" perpetuated by people fuelling parallel market rates. Information permanent secretary Ndavaningi Mangwana said the tough measures were meant "to facilitate intrusive investigations, leading to the arrest and prosecution of offenders".

Tags: money mobile government transactions

 

Bharti Airtel and Western Union unite for mobile money transfers in India and Africa

2020-01-22 01:00:00| Total Telecom industry news

In the midst of weathering the storm created by government-imposed AGR payments, Bharti Airtel has partnered with Western Union to launch cross-border mobile money transfer services. The service, expected to launch this year, would offer Airtel’s 550 million Airtel Payments Bank customers the chance to make real…read more on TotalTele.com »

Tags: money mobile western india

 

Zimbabwean mobile money cash-ins surge 108% to USD 2.4 bln in Q2

2019-10-07 08:52:00| Telecompaper Headlines

(Telecompaper) The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said mobile money cash-in transactions surged 108 percent to USD 2.4 billion in the second quarter to June 2019 from USD 1.2 billion in the first quarter 2019, as mobile money users grew. Cash-out transactions increased by 63 percent from USD 795.5 million to USD 1.3 billion. The increase is attributable to the general rise in the prices of goods and services coupled with cash challenges, too.

Tags: money mobile usd surge

 

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