Tag: mobile money

New mobile payment solution to drive cashless transactions in Uganda

Mobile
You can now use your mobile phone to pay for your goods and services at specific points of sale, thanks to a new mobile payment solution that seeks to boost cashless transactions in the country. Riding on the success of the mobile money platform, Imara Mobile has introduced a card-based mobile payment solution that enables mobile money users to pay for goods and services at supermarkets, restaurants, hospitals, fuel stations, among others. Speaking in Kampala yesterday, the company’s general manager, Mr Albert Aguta, said although mobile money service providers have a provision where subscribers can pay for goods and services directly from their mobile money accounts, the culture is yet to pick up, with most people using the platform only for sending and receiving money. “We want to prom

SA mobile money flop prompts new models

Uncategorized
Local industry players are looking to other models for mobile money transfer solutions, amid the failure of these to take off in SA - in stark contrast to other African countries where the same services have thrived. Most notably, M-Pesa - launched as a partnership between SA’s first mobile operator Vodacom and then big four bank Nedbank, in August 2010, has struggled to gain traction and currently has only a few hundred-thousand users in SA. The service has been held back by legislation and the integration needed to move money from a bank account to an electronic wallet. On the contrary, Tanzania and Kenya - as well as the Middle East’s Afghanistan - have seen massive uptake of the same service, gaining more than 10 million customers, while SA is still sitting on a few hundred-thousand,