Excessive regulation, a business model that tried to do too much too soon and trust worries among consumers. These are the reasons Vodacom’s M-Pesa and MTN’s Mobile Money failed in South Africa, according to the CEO
Four months after rival Vodacom South Africa pulled the plug on its mobile payments platform M-Pesa, MTN South Africa is doing the same with its Mobile Money offering. The move by MTN comes just two weeks after news emerged that
In a potentially groundbreaking development, MTN and Vodafone have announced that MTN Mobile Money and M-Pesa customers in East Africa will soon be able to transfer money to each other
There’s a revolution under way, and this one’s not being agitated by the working class, although they certainly have their part to play. It is being waged by banks, cellphone providers and entrepreneurs hoping to capitalise on a mobile commercial market that is estimated will be worth more than US$800bn by 2016 and have more than 400m users
South Africa’s cellular operators have been trying for years to crack the mobile commerce code, but haven’t been able to repeat the successes they’ve had in countries such as Kenya, Tanzania and Uganda. MTN, working with Pick n Pay, may just have found the key to success at
MTN South Africa said on Monday that it has launched a Visa card for Mobile Money users, allowing them to pay for goods and services. They can also use the card to withdraw money from any ATM. TechCentral reported in November last year that MTN was in talks with Visa to make available a Mobile Money card
MTN South Africa has won its latest battle with Cell C at the Advertising Standards Authority (ASA), this time after the latter objected to a print advertisement, published in March, in which MTN claimed it was helping “put a dent in unemployment”. The ad, which was published in the
MTN Mobile Money users, who are also Ecobank customers, will soon be able to withdraw cash from Ecobank ATMs in 12 African countries, the two companies said on Monday. They will also be able to transfer money between their Mobile Money and Ecobank accounts
MTN Mobile Money users will soon be able to make face-to-face and online transactions wherever Visa is accepted, MTN said on Wednesday. As part of the agreement, MTN customers’ devices will be able to pay using their MTN Mobile Money account in stores with
Telecommunications group MTN has named Sérigne Dioum as its head of mobile financial services. Dioum was previously chief marketing officer at MTN’s operation in Cote d’Ivoire. He takes on the new role in September. “Dioum’s appointment comes as MTN renews