Mobile money hits Sh2.37 trillion as card use drops

Mobile payments values increased by nearly a quarter last year, clawing a huge chunk from the banking sector where payment cards performed dismally over the period.

Latest payment systems data from the Central Bank show mobile money subscribers transacted Sh2.37 trillion in 2014, a 24.7 per cent increase over Sh1.90 trillion in the previous year.

This translates into daily transactions of about Sh6.49 billion, up from an average of Sh5.21 billion per day in 2013.

The growth has been attributed to increased public uptake of mobile cash transfer and acceptance by more merchants, “including payment outlets like gas stations”. See more

The 10 Essential Steps Towards A Successful Mobile Enterprise

How can you make the implementation of a mobile enterprise solution an awesome one? Jonathan Best, vice president of Europe and Africa at mobile app development firm, Kony, has the answers

With the New Year came many new resolutions and goals, not just for individuals who are chasing a new challenge, but also for businesses worldwide wanting to become or stay successful in competitive markets. There are several initiatives that can be adopted in the pursuit of enterprise greatness, but one of the most important in 2015 is mobility.

Mobility is everywhere. The way businesses operate, communicate and deliver is changing at a very fast pace, technological innovations are emerging quicker than ever before, drastically influencing the rules of the game. So to even stand a chance at competing effectively, it’s important to walk hand in hand with technology.

Here are the most important factors to bear in mind when implementing a successful mobile enterprise solution:

 

image: http://www.techweekeurope.co.uk/wp-content/uploads/2015/01/shutterstock_124514710.jpg

byod flexible working1. Remember what and who it’s for:….

Read more at http://www.techweekeurope.co.uk/mobility/mobile-apps/10-essential-steps-towards-successful-mobile-enterprise-160977#5XSSysQOmJC7yD9U.99

Bitcoin’s Big Opportunity In Africa

On a Tuesday night at a Nairobi tech incubator, Michael Kimani preaches the virtues of crypto currencies to a small gathering of tech-savvy Kenyans.

The startups at the meeting are already busy building businesses—to disrupt Kenya’s large remittances market; or create Kenya’s first bitcoin exchange; or establish a crypto-wallet app as the on-campus currency of nearby Kenyatta University.

While global entrepreneurs and investors have been cautiously eying the potential of bitcoin in Africa, a more aggressive homegrown breed of African startups is already experimenting in Kenya, East Africa’s powerhouse economy. There are the same problems with criminal use of bitcoin—this month, hackers reportedly demanded a ransom of bitcoins from a major Kenyan bank—but also an unusually big market hungry for an easier way to move money. Read more

WhatsApp Exponential growth with 700m users sending 30bn daily messages

Facebook-owned messaging app added 300m active users in 2014, as it prepares to introduce voice calls in 2015

Smartphone messaging app WhatsApp has reached a new milestone: 700 million monthly active users, who are sending 30 billion messages every day.

Chief executive Jan Koum published the figures as a status update on Facebook, the company that bought his startup for $22bn for his startup in October 2014.

“Today, we’re thrilled to share that WhatsApp has more than 700 million monthly active users. Additionally, every day our users now send over 30 billion messages,” wrote Koum.

“As humbled and excited as we are by these numbers and our continued growth, we’re even more excited to keep building a great product in 2015.”

WhatsApp’s rapid growth has thus continued since its acquisition by Facebook, which announced the then-$19bn deal in February 2014, before completing it at the higher price in October due to the inclusion of Facebook shares that had risen in value in the intervening months.

WhatsApp’s last public milestone was 600 million active users in August 2014 Read more