Act grows mobile banking
MOBILE| Sept. 17, 2012, 12:09 p.m.
By Edith Mwale, Lusaka, Zambia
The Bank of Zambia has revealed that the enactment of the 2007 National Payments Systems Act has helped increase access to mobile banking services in the country.
The bank said Zambia has seen rapid growing in the mobile banking services because only about 33% of the country’s population has access to banking service while the rest of the population remains unbanked. Zambia has a population of slightly above 13 million, according to a recent population census.
Bank of Zambia deputy governor of administration Tukiya Kankasa Mabula said: “The mobile payment industry has helped accelerate the provision of banking services especially in rural and remote areas.”
Kankasa was speaking at the 4th mobile banking conference held in Lusaka last week sponsored by Celpay Zambia, a mobile banking solution service provider.
And Celpay International Group chief executive officer Lazarus Muchenje said mobile banking has changed the way banking services are deployed especially in developing countries.
Muchenje said mobile banking has grown rapidly over the last decade with over 600 mobile payment platforms developed across the world.
He revealed than only 10% of such platform have been successful especially in developing countries.
Muchenje said Zambia should give itself a big applause for pioneering mobile banking when the first transaction was conducted successfully on April 24, 2002 at the Celpay office in Lusaka.
He said K12.5 trillion worth of transactions have occurred via the Celpay platform over the last 10 years but expressed confidence that another K6 trillion will be transacted over the next six months.
MORE MOBILE NEWS
Samsung showcases biometric scanner-enabled Galaxy Tab SSamsung Electronics has announced the availability of its new flagship tablet, the Galaxy Tab S, in Nigeria. Read More
MTN Cameroon launches youth development programmeMTN Cameroon has announced the launch of the YEP programme to develop Cameroonian youths. Read More
Orange, Emmaüs International launch phone recycling facility in AbidjanOrange and Emmaüs International have launched a fifth mobile collection facility in Africa, in Abidjan, Côte d’Ivoire. Read More
Mobile device greenhouse gas emissions surgeSmartphone charging will consume almost 14,000 Gigawatt-hours of dirty energy by 2019, says a new report. Read More
Airtel DRC, UN team up to launch social programmesMobile operator Airtel DRC has teamed up with the United Nations Development Programme (PNUD) and a local bank, Rawbank, to launch a series of social programmes aiming at improving the lives of rural Congolese people. Read More
MTN Ghana supports Asafotufiami FestivalMTN has donated five thousand Ghana Cedis and assorted items to the Chief and people of Ada as part to its contribution to the Asafotufiami Festival. Read More
4G LTE: more than 1 in 5 active mobile connections by 2019A new report from Juniper Research forecasts a rapid uptake of 4G LTE mobile technology in the next five years, with active connections crossing the 1 billion mark in 2017 and reaching 1.8 billion by 2019. Read More
Mobile technologies catalysts for development in SenegalAlcatel Lucent is participating in a mobile-based anti-diabetes campaign in Senegal. Read More
Ghana resolves to improve QoSThe Government of Ghana has announced strict punitive measures to be taken against operators whose services fall below the expected quality of service levels. Read More
Vodafone Ghana appoints new Chief Marketing OfficerVodafone Ghana has appointed Agnes Emefa Essah as its new Chief Marketing Officer (CMO). Read More
FEATURED STORYNigeria’s VAS providers ‘on brink of extinction’
WASPAN chief Simon Aderinlola says unless the regulator intervenes, WASPAN may not have anything left to regulate. Kokumo Goodie reports.
BEST READ NEWS
IN DEPTHKenya rolls out e-extension to improve agriculture
In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.
COMPANY NEWSSage CRM is Umsinsi Health Care’s engine for growth
Umsinsi Health Care, a distributor of medical products, has enhanced customer service and streamlined its business processes by implementing Sage CRM as its customer relationship management platform.VMware delivers new innovations for the open, agile, secure software-defined data centre
Industry’s most complete software-defined data centre portfolio helps customers slash CAPEX by nearly 50 percent and improve IT productivity by 100 percent or more.Alex families receive Schneider Electric solar lamps
Schneider Electric, a specialist in energy management, has partnered with Rays of Hope, a non-profit organisation, providing 28 schoolchildren and their families in the northern Johannesburg township of ...