Mobile

MPesa and Western Union partner to facilitate easier overseas cash remittance

MPesa and Western Union partner to facilitate easier overseas cash remittance

Business, Mobile
In a new deal signed this Tuesday, Safaricom and Western Union have partnered to make cash transfers overseas easier for MPesa users at a cost between a minimum of Sh100 for a transaction of up to Sh5,000 and Sh500 for remitting offshore more than Sh35,000, Safaricom said. The partnership will see the more than 21 million of the globally-acclaimed mobile money service subscribers send a maximum of KES70,000 daily to family, friends and business partners abroad through the 500,000 plus Western Union’s agents in close to 200 countries. Western Union’s regional vice president for Southern, East and Anglophone West Africa Richard Malcom said, “This is real a game-changer, a first one in the world for us,” Mr Malcom said. “Kenyans who have children studying abroad can now send them money
Egypt’s competition watchdog warns Uber and Careem could face up to $28 million in fines each for merger

Egypt’s competition watchdog warns Uber and Careem could face up to $28 million in fines each for merger

Business, Mobile
Egypt’s competition watchdog has warned Uber and Careem once again against the merger. The regulator, Egyptian Competition Authority, had first warned the two companies last month against a merger amid rumors about acquisition and merger talks between them. But this time, the authority has gone a step further and said that they could slap fines of up to 500 million EGP ($28 million) per infringement on each person relevant person (read: party) involved in the deal. Dr. Amir Nabil, Chairman of the Egyptian Competition Authority, in a statement issued last week, said, “Uber and Careem are the only ride-hailing applications available in Egypt. Any anticompetitive interaction or harmonization of their business strategies including agreement to merge has the potential to cause serious and ir
Google Launches Street View for Kenya’s Major cities on its maps

Google Launches Street View for Kenya’s Major cities on its maps

Internet, Mobile, social media, Technology
During it's #Google4Kenya event this morning, Google has annouced that it has launched Street View of Nairobi, Mombasa, Kisumu, Eldoret, Nakuru, Nyeri and Malindi - now available on Googlemaps and accessible to everyone, around the world. Google Street View is a technology featured in Google Maps and Google Earth that provides panoramic views from positions along many streets in the world. It was launched in 2007 in several cities in the United States, and has since expanded to include cities and rural areas worldwide. We’ve launched Street View of Nairobi, Mombasa, Kisumu, Eldoret, Nakuru, Nyeri and Malindi - now available on @googlemaps and accessible to everyone, around the world #Google4Kenya #twatembeapamojahttps://t.co/YiIGy1sNZQ — Google in Africa (@googleafrica) October 15,
Experts: Africa leading the world on mobile-money technology

Experts: Africa leading the world on mobile-money technology

Business, Mobile
Of the 690 million registered mobile-money accounts worldwide, 50% are in Africa. In Zimbabwe and Somalia, for example, both countries that have experienced decades of economic isolation and political unrest, mobile money is ubiquitous and central to economic activity. Writes Aubrey Hruby The big picture: While Apple Pay and other mobile-money platforms have been slow to grow in the U.S., with only 20%–30% of iPhone users enabling Apple Pay, a cashless economy has taken hold in unexpected places. In Africa, a continent all too often mislabeled as relatively undeveloped, major innovations are taking root and scaling quickly. The numbers: McKinsey estimates that 1 in 10 African adults actively use mobile money, compared to roughly 1 in 40 South Asians. Although Kenya paved the way
Telkom’s T-Kash now integrated with M-Pesa to allow interoperability initiative

Telkom’s T-Kash now integrated with M-Pesa to allow interoperability initiative

Business, Mobile, Technology
Telkom T-Kash joins M-Pesa and Airtel Money in the interoperability initiative effective October 4th meaning subscribers will no longer struggle with having to cash the voucher within seven days. A joint statement issued by the three mobile operators states the initiative is a significant step towards a more integrated mobile money ecosystem and a boost to the financial inclusion agenda in Kenya. “With the advent of interoperability, customers can send and receive money from customers on a different network. The money received from a different network is directly added to the customer’s account balance the same way it would, had it been sent from the same network,” read the statement. Interoperability of the three services also presents customers with a cost advantage as the three pro