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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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
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
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
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
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
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
Banking group Absa and cellular network operator Vodacom have signed a “multimillion-rand agreement”, which they say will “accelarate the pace of mobile innovation and expand the range of banking and mobile services on offer to
Cellular network operator Vodacom may seek its own banking licence from SA regulators if its mobile transactions platform, M-Pesa, takes off in the way it expects it will in the next few years. Vodacom launched M-Pesa in SA last year
Mobile money platform M-Pesa has failed to live up to Vodacom’s expectations for the product in SA, Pieter Uys, the group’s CEO, has admitted. Vodacom has registered “more than” 100 000