Browsing: M-Pesa

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Vodacom feels pressure from rivals

Vodacom’s revenues in South Africa have come under pressure in the three months ended 31 December 2012, and the operator is blaming increased price competition from rivals, along with other factors, for the muted performance. South Africa is Vodacom’s most

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Slow set-top box take-up in Kenya

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

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Mobile money needs closer scrutiny

The continent is being hailed as a global cellphone banking and payments innovation hub, but it seems the sector will be coming under increasing regulatory scrutiny as the relationships between cellphone operators and banks are placed under the ­spotlight. A survey of players in the African

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MTN, Pick n Pay in banking tie-up

MTN and Pick n Pay are poised to launch a mobile bank. Called Tyme, which stands for “take your money everywhere”, the venture will piggyback on the banking licence held by Bank of Athens. Tyme hopes to make mobile money transfers and mobile banking commonplace in South Africa, where consumers

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Airtel passes 60m active users

Indian telecommunications company Bharti Airtel says it now has more than 60m active users in Africa. It added 10m subscribers in less than 12 months and says this growth has helped make it the fourth largest mobile operator worldwide and Airtel one of the largest players in Africa. The company

In-depth
Technology a pathway out of poverty

It will take a century for a poor household to tweet its way out of poverty. That’s a very long time for anyone wondering where their next meal is coming from. But it’s a significant new finding because it proves once and for all that social media and access to information and communication technology

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Kenya to tax M-Pesa transactions

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

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Nedbank still committed to M-Pesa

Nedbank, the financial services partner in Vodacom’s M-Pesa mobile payments initiative, says it is “disappointed” that the service hasn’t taken off as fast as it had hoped for but it remains committed to the venture and will introduce new products and streamlined services soon in an effort to

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Strong data growth propels Vodacom revenues higher

Strong growth in demand for data, where revenues have risen by 23,8% in the past year, has helped propel the Vodacom Group’s total sales higher by 12,2% to R18bn in the third quarter of its financial year to 31 December 2011. The JSE-listed telecommunications operator has reported a 41,2% increase in

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Vodacom gets a licence to sell insurance

Vodacom has secured a licence from the Financial Services Board to begin selling insurance products directly to its customers as it seeks to broaden its portfolio and expand its revenue streams in a maturing mobile market. There are few details available for now, but TechCentral has established that the cellular network

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