Despite the compelling value proposition that mobile money offers, the Reserve Bank of Zimbabwe recently placed significant regulatory restrictions on its operation.
Econet Wireless is imposing restrictions that limit the size and range of transactions on its mobile money platform to comply with an order from the Reserve Bank of Zimbabwe.
A system upgrade by Zimbabwe’s biggest mobile money service has left cash-strapped consumers and businesses unable to transact, causing severe disruptions.
The CEOs of Kenya’s four mobile operators, Safaricom, Orange Telkom, Airtel and yuMobile, have been warned they could face arrest for failing to disconnect unregistered Sim cards on their networks. The warning follows reports that police are trying to trace
Online and mobile transactions have for the first time surpassed card payments in Zimbabwe after recording 28,3% growth in the month of May. According to the Reserve Bank of Zimbabwe’s May 2013 monthly economic review, the value of mobile and Internet-based transactions rose from US$283,6m in April to
Sales of digital set-top boxes, which went on sale last month in Kenya, have been sluggish. The boxes are required to convert digital terrestrial broadcasting signals so that that the East African country can switch off analogue broadcasts before the International Telecommunication
M-Pesa, which has more than 14m subscribers in Kenya, could be forced to increase transaction costs by 10% as East African nation’s treasury looks to impose a levy on transactions made using the mobile money transfer service. Though Kenya’s treasury says it expects mobile