Posts Tagged ‘mobile money’

M-Pesa at 10: Africa leads the world in mobile money

Launched by telecommunications group Vodafone/Safaricom in 2007, M-Pesa (“pesa” is Swahili for “money”) has become a way of life for 30 million Africans in 10 countries. More than 80% of Kenyans use the service. The network also enjoys market dominance in Tanzania and Uganda. The ingeniously simple method of money transfers made via cellphone messaging […]

Orange Money app debuts in France

Orange made available an Android app in the Play store that enables money transfer between French users and those in three African countries. The operator announced Orange Money France back in June and said an app would be coming “soon”. The app enables users in France to transfer funds to Ivory Coast, Mali and Senegal, […]

Standard Bank: Many Africans will not be using plastic or cash in 10 years time

A significant percentage of clients are not likely to be using plastic or cash in certain circumstances within the next decade as online and mobile payment solutions increasingly change buying patterns, according to Wendy Pienaar, head of emerging payments at Standard Bank. More consumers are seeking online solutions, with over 460 million financial transactions processed […]

African app startups should “build for future not the past”

Derrick Kotze, chief executive officer (CEO) of mLab Southern Africa,  is of the view that African startups developing mobile apps should look to the future rather than the past by focusing on smartphones given the amount of investment required to build apps and penetrate markets. Asked by Disrupt Africa whether African app startups should focus […]