A recently published study on the long-run effects of mobile money on economic outcomes in Kenya provides some valuable insights that will benefit economic development and financial inclusion policies across Africa. The study found that increased
Browsing: Safaricom
There’s been nothing but trouble for much of Africa as the price of oil plummeted 55% during the past two-and-a-half years. But there’s a brighter side to the sub-Saharan continent. Unlike Nigeria, where oil accounts for more
Naspers’s video-on-demand service, ShowMax, has gone live in Kenya, with the company introducing a new, lower-priced tier, called ShowMax Select, in the East African nation that costs US$3/month (about R45/month). ShowMax Premium, priced at
It’s been less than a decade since Apple shook the mobile telecommunications industry to its foundations with the original iPhone. The handset helped turn Apple into the world’s most valuable company (US$620bn this week) and inflicted huge
Visa, the world’s largest payments network, introduced a mobile phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest
Safaricom, the Kenyan mobile phone company that runs a money transfer service almost the size of the East African nation’s economy, invested in a courier service business in an effort to stimulate e-commerce and gain a foothold in growing
In the wake of Vodacom’s decision to close down its M-Pesa mobile money service in South Africa at the end of this month, a pioneer of mobile financial services for the mass market, Brian Richardson, CEO of Wizzit International, has
The news that Vodacom South Africa is planning to drop the M-Pesa mobile money transfer service has come as a surprise to many analysts considering the huge success it has seen in many
Vodacom South Africa has announced it is pulling the plug on its struggling mobile payments platform M-Pesa. Despite the enormous success of M-Pesa in markets such
Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal