Tag: mobile money

Safaricom slashes M-PESA charges by up to 67 percent, in a bid to counter Equity Bank entry in the mobile money market

Safaricom slashes M-PESA charges by up to 67 percent, in a bid to counter Equity Bank entry in the mobile money market

Business, Mobile
Safaricom has announced a reduction of transaction fees levied by the operator on M-PESA on the low and medium transaction bands, this is in line with its strategic objective of transforming lives through financial inclusion. The new tariffs, which are set to take effect from Thursday August 21, will see transaction fees reduced by up to 67 percent in the low and medium tiered bands which include the transfer of amounts ranging between Sh10 to Sh1,500. While making the tariff revision announcement, the operator also signaled that it had rationalized the tariffs for sending higher amounts exceeding Sh1,501 to be an average of 0.8 percent of the transaction value. “We have spent a considerable amount of time analyzing M-PESA usage trends and we have established that over 65 percent of all

Alibaba throws billions at figuring out how to turn mobile into money

Business, Mobile
Chinese e-commerce giant Alibaba may have dominated online retail on personal computers, but is some way from replicating that leadership in shopping by smartphone and other mobile devices. Reports ITWeb Alibaba, which is heading towards a bumper New York IPO later this year, is throwing billions of dollars at figuring out how to thrive as half a billion people, 80% of China's 618 million Internet users, go online via mobile. The Hangzhou-based firm said last month that mobile has become an increasing source of transactions, now accounting for more than a quarter of the value of goods sold across its online marketplaces. But Alibaba's shift to wireless commerce is a double-edged sword: mobile commerce brings in significantly less revenue than traditional e-commerce. The quick-hit
Qatar Airways’ customers to pay for flight tickets via M-Pesa

Qatar Airways’ customers to pay for flight tickets via M-Pesa

Business, Mobile
Qatar Airways passengers can now pay for tickets using M-Pesa after the airline entered into a partnership with Safaricom. Reports Business Daily Africa Qatar Airways country manager, Sami Debbiche, said that the new payment solution has been introduced to give passengers a flexible payment method. “The partnership will enable our passengers book tickets at any given time through the use of their mobile phones,” said Mr Debbiche. The deal allows Qatar's customers make online bookings or through the reservations office and pay through M-Pesa. “We are proud to be associated with Qatar Airways. Our goal is to remain relevant to market needs and this is the reason why M-Pesa is constantly seeking strategic partnerships aimed at meeting our customers

Kenya and 8 other Sub-Saharan countries in Africa boast of more mobile money accounts than bank accounts

Business, Mobile
Reports by IPC Weekly Datashots - Highlights which speak to the incredible growth which is happening in Africa today, as well as the potential for future growth. As of June 2013, 98 million (48%) of the 203 million registered mobile money accounts globally were in Sub-Saharan Africa (SSA) - East Africa holding the lion's share of SSA’s total and accounting for 34% of the global total. In addition, 9 African countries including Kenya, Tanzania and Cameroon have more mobile money accounts than bank accounts - championing financial inclusion by providing financial services to more people than traditional banks have been able to reach. As of the end of 2013, there were 219 mobile money services globally (233 as of April 2014) and SSA is home to 52% of them. At the top of mobile money pro

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