Paynet to sponsor Kenya Banking & Mobile Money Conference

MOBILE

-
Image: By BiztechAfrica
Paynet to sponsor Kenya Banking & Mobile Money Conference

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.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE MOBILE NEWS

TNM donates K500,000 to paediatrics group

Mobile phone provider TNM has donated K500,000 to the Paediatric and Child Health Association (PACHA). Read More

YooMee Côte d’Ivoire launches TD-LTE

After becoming the market leader of broadband Internet in Cameroon, YooMee Africa continues its expansion by deploying its network in Côte d’Ivoire. Read More

tn mobile 3G now in Tsumeb

Telecom Namibia’s mobile business, tn mobile, has extended its 3G+ and 4G (LTE) based mobile network to Tsumeb in the Oshikoto region. Read More

Vodafone Healthfest train stops at James Town

Vodafone Ghana, as part of its Corporate Social Responsibility through the Vodafone Foundation, has held another ground breaking health initiative dubbed the HealthFest.  Read More

Orange to power Nakuru free Wi-Fi

Nakuru is to become the first town in Kenya to have free Wi-Fi access. Read More

Nokia unveils 6 inch smartphones in Ghana

Nokia Lumia launch in Accra, Ghana Nokia has announced the introduction of its first 6 inch Lumia smart phones into the Ghanaian phone market, the Lumia 1520, Nokia’s top of the range Windows Phone and affordable Lumia 1320. Read More

tn mobile 3G now in Oshikoto

Telecom Namibia’s mobile business, tn mobile, has launched its 3G service at Omuthiya, the regional capital of Oshikoto region. Read More

Orange launches low cost WiFi at KU

Orange has launched a low cost wireless Internet solution at the Kenyatta University’s main campus that will provide the varsity’s students with reliable and affordable Internet access.  Read More

Telecom Namibia launches Speedlink Lite

Telecom Namibia has announced the launch of its first ever Speedlink broadband packages for residential, small office/home (SOHO) customers. Read More

Airtel unveils affordable Nokia X in Africa

Bharti Airtel and Nokia have announced that the new Nokia X smartphone will be available to purchase across 17 countries in Africa. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan shift to Green Economy would generate USD 45bn by 2030 Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.

COMPANY NEWS

Further African expansion for Phoenix

Phoenix Distribution, a leading broad-based distributor on the African continent, has expanded its office in Nairobi, Kenya, in a move to better serve its partners in East ...