Paynet to sponsor Kenya Banking & Mobile Money Conference
MOBILE| Jan. 23, 2012, 10:48 a.m.
By Carole Kimutai, Nairobi, Kenya
Paynet Group will this year yet again sponsor the prestigious AITEC Banking & Mobile Money COMESA Conference, to take place over 7-8 March at the Kenyatta International Conference Centre (KICC) in Nairobi.
A staunch promoter of inter-banking industry cohesion, CEO Bernard Matthewman said he was proud of the milestones achieved so far by the banking industry; noting that the Paynet Group continued to help banks cut costs and enhance their electronic payments to millions of clients.
“It’s a defining time for the banking and mobile money industry in East Africa and the wider COMESA region; we are sponsoring the conference to support a unique opportunity for players in this industry to meet and share experiences. It is critical for all of us to keep up to date, which makes the conference something industry participants cannot afford to miss.”
The AITEC Banking & Mobile Money COMESA conference is the largest banking and mobile money event in the East African and COMESA bloc and is organised in conjunction with the COMESA Business Council (CBC) by AITEC Africa.
This year, the conference hopes to attract over 1,000 participants drawn from the senior echelons of commercial banks, mobile money providers, and regional integration organizations like the East Africa Business Council. Some of the world’s leading banking technology developers and vendors have also confirmed participation.
According to AITEC Chairman Sean Moroney, who is programme director for the event, a key focus of the conference will be the looming reality of monetary integration, an extension of a debate involving central bankers from Kenya, Uganda, Burundi, Rwanda and Tanzania and a development that will impact the banking business and regional trade significantly.
In the main conference theatre, presentations by speakers will review trends in commercial and retail banking, innovations in banking technology and mobile money, new banking channels, products and services, among other topics.
Paynet Group’s renewal of the sponsorship effectively means that it retains for the sixth time the title of platinum sponsorship of this event.
The group is composed of PesaPoint, Paynet Kenya and EFT Kenya and provides payment services to banks and mobile money providers in Kenya, Tanzania, Uganda and Rwanda.
PesaPoint is available at more than 550 ATMs and 1,200 POS locations throughout Kenya and has been at the centre of integration with mobile money players like M-Pesa and Airtel Money
A recent survey indicated that even though banks are increasingly taking to infrastructure sharing, they still continue to lose hundreds of millions of shillings every year by investing unnecessarily on ATMs and devices at point of sale locations.
“The market is typified by expensive duplication of infrastructure by banks and mobile money organizations and it is becoming clear that this approach is not viable if they wish to drive down costs,” said Mr. Matthewman adding that most players are now reacting to this and are beginning to share their infrastructure and strive towards greater efficiency. “At the heart of this is collaboration and co-operation- something we see the AITEC Banking& Mobile Money COMESA conference as helping to foster,” he said.
Internet Solutions (IS) Limited, a leading corporate managed internet service provider, is also a Platinum Sponsor of the event, which hopes to bring together more than a hundred banks and banking related institutions from the region and beyond.
MORE MOBILE NEWS
Airtel Ghana sweeps PR Excellence AwardsAirtel Ghana, Telecommunications giant and winner of CIMG Marketing Oriented Company of the Year, has won five awards at the 2014 Institute of Public Relations Excellence Awards. Read More
Who wins Vodafone Icons 2014?Come Wednesday, the final five Vodafone Icons contestants will battle it out and trill music fans to their wonderful compositions to climax this year’s Remix Edition of Vodafone Icons at the National Theatre. Read More
Alliance for Affordable Internet welcomes Ghanaian moves to cut mobile phone taxesThe Alliance for Affordable Internet (A4AI) has welcomed Ghana’s commitment to scrap hefty import duties on smartphones. Read More
VMware Study: Businesses can Take Three Weeks to get Employees Mobile-ReadyEMEA businesses say concerns over trust, ownership and delivery capability may hold back taking advantage of the mobile cloud-era. Read More
Satellite-powered tablet to use Newtec technology for e-learningSatellite solution provider Yazmi has announced a new e-learning scheme using the first satellite-enabled tablet, called Odyssey, and Newtec's multicast technology to deliver content via satellite to rural, remote and low income regions in Asia, Africa and the Middle East. Read More
TECNO to launch sub-$30 smartphone next yearDevice manufacturer TECNO Mobile is planning to launch a smartphone next year that will cost less than US$30, as it looks to remove the barriers to smartphone ownership in Africa. Read More
Airtel, Facebook to bring Internet.org mobile app to KenyaAirtel has announced a partnership with Facebook to offer the Internet.org app to its prepaid and post-paid customers in Kenya beginning later this week. Read More
80% interest in “right person, right message, right moment” mobile marketingNew research reveals that although 80% of respondents feel annoyed when receiving unsolicited messages, the same proportion could be won back by operators and brands if they implemented best practices to improve customer engagement. Read More
Airtel Ghana MD urges youth: ‘strive for excellence’The Managing Director of Airtel Ghana, Lucy Quist, has called on all to blaze their own trail through persistence in the pursuit of their dreams. Read More
Vodafone execs volunteer at Senchi Community LibraryThe senior management team of Vodafone Ghana took time off from their busy schedules to paint and clean up the Senchi Community Library in the Eastern Region. Read More
FEATURED STORYGSMA: half a billion mobile subscribers in SSA by 2020
The number of unique mobile subscribers in Sub-Saharan Africa will pass the half billion mark in 2020, says a new GSMA report.
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 NEWSLeading through volatility in Africa
For the businesses that are prepared to face the storm and manage the volatility afflicting the continent, there are still huge rewards to be had from doing business ...