Investrust customers to transact using mobile
MOBILE| Aug. 7, 2012, 9:23 p.m.
By Edith Mwale, Lusaka, Zambia
Customers of Zambia’s Investrust Bank will now be able to transact using their mobile phones, with the launch of InvestMobile.
The facility will take bank access to unbanked communities in urban and rural areas.
The bank’s Managing Director, Friday Ndhlovu, says the product will be rolled out to existing account holders before being extended to the unbanked communities.
“More than a billion people in emerging and developing markets have cell phones but no bank accounts. Mobile money is beginning to fill this gap by offering financial services over mobile phones, from simple person-to-person transfers to more complex banking services,” Ndhlovu said.
InvestMobile, among other features, provides an account summary of the last seven transactions, payment of bills to various utility companies including Lusaka Water and Sewerage Company and MultiChoice and Zesco.
Through the facility, customers will also be able to view status on accounts such as deposits, loan statement and position on cleared or uncleared cheques and make transfers within the bank and external accounts held with other banks.
Ndhlovu said the bank has over the past years invested heavily in its systems and information communication technology (ICT) infrastructure using the funds raised through the Lusaka Stock Exchange (LuSE) in 2007.
Ndhlovu cited InvestNet, an internet online banking which has online account and transaction, VISA GreenCard with the latest chip and pin technology which ensures maximum security.
MORE MOBILE NEWS
MTN Uganda receives US$100 000 towards community projectsMTN Group today recognised employees in Uganda for their selflessness and dedication towards improving the lives of ordinary people, including the blind, as part of this year’s 21 Days of Y’ello Care campaign, a popular employee volunteer initiative in MTN markets. Read More
Airtel partners with UNESCO for youth IT training in GabonBharti Airtel has unveiled a new training programme to impart new technological skills to thousands of youth in Gabon in partnership with United Nations Educational, Scientific and Cultural Organization (UNESCO). Read More
Samsung donates 3,000 smartphones in support of the fight against EbolaSamsung Electronics Co will donate 3,000 smartphones, worth about USD 1 million, to support the ongoing fight against Ebola. Read More
Tigo gives customers free 250MB data on Alcatel smartphonesTigo Ghana is giving away free 250MB data and 60 minutes' talk time per month for a year to customers who purchase the latest Alcatel Pixi 2 handset. Read More
Huawei joins Vodafone to bolster E-learning in refugee campHuawei has come out in support of an initiative to supply over 18,000 refugee students in Africa’s largest refugee camp, Dadaab in Kenya, with tablet PCs for education. Read More
SA author writes acclaimed novel using BlackBerry smartphoneA South African businessman and author has written an entire novel using his smartphone. Read More
Blu Telecommunications partners Huawei on 4G LTE networkBlu Telecommunications, a Ghanaian owned and managed telecommunications company deploying ultra-fast 4G LTE network ,will partner Huawei Technologies to provide a wide range of telecommunications services using 4G LTE technology. Read More
Airtel Malawi launches US$35,000 Musical CompetitionAirtel Malawi has launched a K14 million (US$34,508.26) mobile music competition which will be conducted in a partnership with Trace Music Star and international music super star Akon. Read More
UNHCR, Safaricom to take tablets to Dadaab refugeesThe United Nations Refugee Agency (UNHCR), Vodafone Foundation and Safaricom, have announced a partnership to bring transformative mobile-based education programmes to pupils at 13 schools in one of the world's largest refugee camps. Read More
FEATURED STORYGrowing African focus on data security
Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.
BEST READ NEWS
IN DEPTHAfrica lags on digital migration
Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.
COMPANY NEWSVMware reports third quarter 2014 results
VMware, the global leader in virtualization and cloud infrastructure, today announced Year-over-Year Revenue Growth of 18% to $1.52 Billion in its financial results for the third quarter ...