Imagine if you owned your bank data and could decide who you want to share this data with, thereby gaining access to a broad range of products to suit your needs. Matthew Barnard, an executive at software development company BBD, says that this could become a reality through open banking, whereby a third party could assess a user’s bank information to provide superior service. “Open banking requires banks to open their data via secure application programming interfaces (APIs), giving access to outside developers, to allow them to develop other apps. This would provide customers with many resources to view and understand their finances. Well-known examples of open APIs include PayPal and Apple Wallet.” Through open banking, customers would have more control of their finances, as ba
Telkom Kenya has announced that its subscriber base has increased by one million and reached 4 million subscribers in six months. To celebrate this, the telecommunications firm launched a promotion to reward 50 subscribers with a Toyota Belta. Telkom is now set to invest in the second phase of network modernisation and expansion of 3G and 4G networks throughout the country. “In 2017, we completed the first phase of our national backbone and metropolitan transmission network. Our 4G network is currently available in 32 towns and urban centres across the country. We have also doubled its capacity and coverage on the 3G Network, improving our customer experience,” Telkom, Chief Marketing Officer Levi Nyakundi said. According to Nyakundi, the rapid acquisition of new customers is a re
The Tanzanian government has urged Mobile Money operators, within the country, to register transactions with a central banking infrastructure as authorities seek to extend interoperability to all service providers. The interoperability agreement will enable customers to make payments from the mobile money account of one provider to the mobile money account of another provider. New regulations state that operators must connect services to the National Switch – the platform already used by other finance providers to ease fund transfer and expand customer access to banking infrastructure such as ATMs. Tanzania became the first country in Africa to introduce interoperability between mobile money services in 2014. The proposed policy will enable instant transfers between customers
Alepo, a provider of core network and IT software solutions for communications service providers, has announced that it has been selected by Smart Link Communications (SLC), an Algerian internet service provider, for its public wireless broadband service. As part of the first public WiFi network in Algeria, SLC will deploy the complete Alepo WiFi monetisation solution, including AAA infrastructure, real-time charging and policy control, prepaid voucher management, and more. Alepo will deploy a solution that will support the WiFi monetisation requirement, as well as offload in the near future. According to SLC, by selecting Alepo, the firm will be able to accelerate their overall return on investment (ROI) by creating new revenue streams with a flexible and robust captive portal that...
Lack of a national framework for naming streets and numbering of properties has affected e-commerce uptake in the country. According to an Article by Business Daily, this was said by The Authority’s assistant director, Martin Ngesa. He added that lack of a national framework to guide naming of streets and numbering of properties had also affected the movement and business in counties. However, Ngesa said that the confusion of having streets with similar names in different cities could be solved if its proposals for a universal National Addressing System (NAS) are adopted. A national addressing system (NAS) is a framework that provides for, among others, the naming/numbering of streets and/properties and coding to facilitate easy identification and location of such places o