Zim gets more mobile money

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
Zim gets more mobile money

Zimbabwe’s ZimSwitch is reported to be in the early stages of partnering with up to 12 banks on mobile money services.

ZimSwitch is the National Electronic Funds Switch for ATMs and point of sale of Zimbabwe. Its new mobile service not only allows for mobile money transfers, but also allows mobile users to transact across banks. Banks can also use it to take their own mobile banking services to market.

ZimSwitch Mobile, currently only available to Telecel subscribers, is reported to be going live, in testing phase or being considered by 12 banks. ZimSwitch may also partner with mobile operators to roll out mobile money services, the company says.

People’s Own Savings Bank, Interfin Bank and CABS now offer mobile banking services in partnership with ZimSwitch and Telecel. Eight banking institutions are expected to go live with their mobile banking service within the next two months.

Telecel is providing the mobile banking platform while ZimSwitch provides the secure link to banks.

Mobile banking customers will be able to deposit money into and withdraw money from their accounts at any bank or bank agency where a ZimSwitch Ready logo is displayed.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Safaricom cuts fees on low and medium value M-PESA transfers

Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.   Read More

Stakeholders meet over Ghana mobile money

Stakeholders from Ghana’s financial and telecoms industry have held talks at an MTN Stakeholders Forum in Accra to discuss the way forward in the quest to make Ghana a cashless society. Read More

Village saving associations get mobile money product

Airtel Uganda, Grameen Foundation and Plan Uganda have introduced a new Group Savings product for Village Savings and Loan Associations. Read More

Nigeria’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. Read More

Onfon, Safaricom launch Name Tunes

Onfon Media, a leading Value Added Telecoms service provider, has partnered with leading integrated telecommunications service provider Safaricom to launch a new service called Name Tunes on the Skiza Platform.  Read More

GCB Bank Ghana to go live with mobile commerce platform

goSwiff has connected its 50th bank client, GCB Bank Ltd. in Ghana, to leverage mobile point of sale (mPOS) on goSwiff mobile commerce platform.  Read More

MTN Ghana resolved to encourage effective cashless society

MTN has reiterated its resolve to encourage and ensure an effective cashless society through the introduction and promotion of its mobile money service. Read More

Safaricom, Virtual City launch FMCG efficiency solution

Safaricom Business has partnered with innovative mobility solutions developer Virtual City, to launch an application designed to enhance service efficiency for the Fast Moving Consumer Goods (FMCG) sector. Read More

Airtel to expand money transfer service in Africa

Bharti Airtel Africa has entered into a partnership with a financial services institution present in 10 countries, BGFIBank Group, to expand mobile money access to the bank’s customers. Read More

Orange, CIC Insurance partner to launch Orange Bima

Orange has joined hands with leading micro-insurer, CIC Insurance Group, to launch a mobile insurance product, Orange Bima. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Nigeria’s VAS providers ‘on brink of extinction’Nigeria’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.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya 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 NEWS

Schneider Electric trains 50,000 in energy management

Schneider Electric has trained more than 50,000 people in energy management as part of its BipBop energy access programme.