Rwanda govt punts mobile money

VALUE ADDED SERVICES

|
Image: By Rwanda government
Rwanda govt punts mobile money

Rwanda’s ICT Ministry has embarked on a campaign to grow the use of mobile money.

The Ministry of Information and Communications Technology says while the use of mobile banking and money transfers has grown in Rwanda, more public awareness is needed.

The Ministry said that the country’s mobile telephony subscriber base from had risen to 4.44 million subscribers. Although mobile phones are predominantly used for voice communication, a number of new services, including mobile money transfer, mobile banking and purchase of pre-paid electricity (cash power) and pay-TV subscriber credits have been progressively introduced.  

The Ministry said: “As of December 2011,  424,326 subscribers have been registered as active users of mobile money transfer services, representing about only 9% of the total mobile subscriber base. 

While banks and mobile communications service providers are diversifying their offers in bringing new services to mobile phone subscribers through standard public advertisements, there is a need to strengthen synergies between different stakeholders in order to address the critical issue of public awareness about economical opportunities and numerous benefits offered by electronic transactions using mobile telecommunications.”

To support this growth, the Ministry of ICT, in partnership with other stakeholders including Banks, RDB, Telecom Companies, EWASA as well as local Government leaders, has initiated a National ICT Awareness Campaign focusing on public awareness about the potential offered by Mobile Money Transfers and Mobile Banking services.

Starting with Kamonyi District the awareness campaign was organized as following:

  • An interactive information session on mobile electronic transactions services targeting local Government and District opinion leaders,
  • Public awareness campaign demonstrating the benefit brought about by electronic transaction services using mobile phones. Both ICT Bus, District Telecenters and mobile users’ support stands will be used,
  • Public awareness campaign in the form of mini-expo targeting the general public and demonstrating practically how to register and utilize mobile phones for electronic money transfer, mobile banking and service payment.

The campaign will continue to the Kayonza, Rubavu and Musanze Districts.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Tigo, Western Union enable mobile remittances in Rwanda

Tigo Rwanda and Western Union have announced the launch of a new service that allows reception of international remittances directly into mobile through Tigo Cash accounts.  Read More

Airtel debuts direct purchasing on facebook

Airtel Ghana has launched the first direct data bundle purchasing on Facebook.  Read More

Effortel helps deliver Africa’s first mobile banking MVNO

Mobile virtual network operator (MVNO) and enabler, Effortel, announced today that it is working with fellow MVNO, Equitel to provide Kenyan mobile subscribers with Africa’s first fully integrated banking approach via a mobile network.   Read More

Standard Bank Expands InstantMoney service to Botswana and Uganda: Namibia to follow

Standard Bank, Africa’s biggest lender by assets, has expanded its InstantMoney payment solution to Botswana and Uganda as part of broader plans to roll out the service across the continent. Read More

Transfast expands proprietary bank network into 23 African nations

Transfast, a leading provider of online, cross-border p2p payments solutions, has announced the expansion of its proprietary bank network into 23 African nations. Read More

BotswanaPost introduces PosoOnline

BotswanaPost continues to explore the technology space, this time with a new product called Electronic Bill Presentment and Payment (EBPP) or PosoOnline.   Read More

Telecom Chamber welcomes new guidelines on E-money issuers in Ghana

The Ghana Chamber of Telecommunication has welcomed the newly proposed guidelines for e-money issuers in Ghana and Agent Guidelines by the Bank of Ghana.  Read More

Why mobile money uptake is sluggish: Airtel CEO

Chief Executive Officer Airtel Nigeria, Segun Ogunsanya, has called for a review of the current mobile money model, saying a telco-led model will help expand retail banking, thereby driving financial inclusion in the unbanked segment. Read More

SA travel company launches app simplifying new child visa laws

Cape Town-based travel company Drive South Africa has developed a web app simplifying the new visa regulations for parents travelling to and from South Africa with their children. Read More

MTN Swaziland offers mobile financial services with Ericsson

MTN has deployed Ericsson Converged Wallet to provide a premium mobile money experience for more than 275,000 mobile wallet users and 3,000 agents in Swaziland. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Batswana dragging feet in digital migration Batswana dragging feet in digital migration

More than a month after the deadline for the digital migration from analogue television, few people have shown any pronounced enthusiasm in entering the new digital TV realm. 

IN DEPTH

As curtain falls on MDGs, what next?As curtain falls on MDGs, what next?

Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.

COMPANY NEWS

MTN Business App of the Year submissions closed

Entries for the annual MTN Business App of the Year Awards taking place on 13 August in Johannesburg have closed, and an expert panel of judges that is adjudicating ...