Switch to mobile payments raises cash transfers

Airtel Money and M-Pesa shops in Nairobi. Money transferred through mobile phones hit Sh375.1 billion in the first quarter of the year from Sh240.77 billion sent between January and March last year. Photo/File
By David Mugwe (email the author)

The value of money transferred through mobile phones rose by 55.77 per cent in the first three months of the year to Sh375.1 billion, as more users switched to paying for goods and services through their phones.
New data from the Central Bank of Kenya (CBK) shows that money transferred through mobile phones rose by Sh134.3 billion in the first quarter of the year from Sh240.77 billion sent between January and March last year.
The amount of money transferred through mobile phones in the first quarter of 2010 stood at Sh154.49 billion, having risen from Sh89.58 billion in 2009, and Sh16.03 billion in 2008.
Michael Ghossein, the chief executive officer of Telkom Kenya which operates Orange Money, said that mobile phone cash transfer systems were evolving into payments systems, offering consumers more options.
“It is now transforming from mobile money transfer to mobile payments, soon you will be paying for goods and services such as groceries and fuel with the mobile phone,” said Mr Ghossein.
Companies have also begun adopting mobile phone money for payment of staff salaries. In the 12 months to the end of last year, the value of money transferred through mobile phones rose to Sh1.169 trillion from Sh732.22 billion in 2010.
“There is a market out there that is not exploited and the dramatic increase in the use of mobile money is a reflection of this,” said Habil Olaka, chief executive officer of the Kenya Bankers Association.
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How to Stay Updated With Mobile and Technology News in Africa

Today’s world is driven by technology. Can you imagine what life will be like without gadgets that have become a boon to us via modern technology? With newer technological innovations, the world has become virtually dependent on and addicted to technologies.

In recent past, the most popular information sources for technology news came from TV shows, tech magazines, etc and from each of them individuals could find loads of new information. However, these options are now obviously outdated. It is no longer news that technology is witnessing improvements with every new day. If you desire to get updates on the latest launch and improving technologies every passing day, you would discover that it is practically impossible to do so with the general interest media.

 

And having the latest technology-related news at your finger-tips is so vital in modern society. It is this vacuum that specialized technology news attempts to fill. With the Internet, you can access information from every corner of the world – just at the click of the button!

Technology news has gained popularity within a short span of time due to its ability to deliver complete and compact news about technologies only. Social media has undoubtedly aided the exponential growth of technology news. And it’s still spreading like wild fire! From the latest launch, improvement, add-on, and enhancement, Technology news provides complete, detailed news piece. Modern youth are diehard fans of technology. They crave for various options like Google, Facebook, Yahoo, YouTube, etc and are perpetually on the web searching online for authentic, reliable and dedicated technology-related news.

With the advent of internet and boom of websites, you will find various online websites providing you with handy technology news. If you a tech freak who desires to stay updated, you need to find some reliable technology news sources which can provide you with timely information.

These tech websites hosting technology blogstechnology articlesTechnology Africaetc do provide up-to-the-minute, accurate information to their visitors. You can find a lot of information via these particular information sources. Technology news helps people to stay updated anytime anywhere they are because the entire universe has become a “global village.”

 Taking into account the fast and robust way technology is evolving in the present times, you could be losing out on a lot of important stuff and you will be getting informed a lot later, compared to most of the people around you. No doubt, staying in touch with the world of digital technology is very essential.

Therefore, in order not to be left behind in this fast-paced technology-driven information age, you’ll have to browse the net and find numerous websites dedicated to technology news. Stick to a reliable and reputable site for instant updates.

Nigeria to introduce mobile technology for teachers

Nigeria, under the flagship of the National Teacher’s Institute (NTI), has mapped out strategies to use mobile technologies to update the knowledge of teachers and strengthen their competencies.

This statement was made by NTI Director-General, Dr. Aminu Ladan Sharehu at the end of a workshop organized by UNESCO in conjunction with Nokia.

The workshop which was tagged, “Mobile Technologies and Teacher Development,” held at UNESCO’s office in Paris, France.

According to the DG, four pilot projects will be launched soon to explore how mobile technologies can be used to support teachers in Nigeria and three other countries – Mexico, Pakistan and Senegal.

The NTI Director-General remarked that these projects are solely aimed at strengthening the competencies of teachers in the region.By Charlie Frip

Africa’s mobile phone industry ‘booming’

People chatting on mobile phones in Ivory Coast (June 2009)Africa is the fastest-growing mobile market in the world, and is the biggest after Asia, an association of worldwide mobile phone operators has said.

The number of subscribers on the continent has grown almost 20% each year for the past five years, the GSM Association report on Africa says.It expects there will be more than 735 million subscribers by the end of 2012.

Analysts say bad and expensive landline connections in Africa are responsible for the high mobile phone usage.

Peter Lyons, GSMA’s director of spectrum policy for Africa and Middle East, told the BBC that mobile penetration in Africa had reached 649 million subscribers in the fourth quarter of 2011.

Tax cuts

“That is equivalent to a 65% penetration rate. Out of every 100 people, 65 have some form of mobile connectivity,” he told the BBC’s Focus on Africa programme.

In a report, GSMA says that 96% of subscriptions are pre-paid with voice services currently dominating, although uptake of data services is increasing steadily.

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