Zim gets more mobile money
VALUE ADDED SERVICESBy BiztechAfrica - Oct. 23, 2011, 2:08 p.m.
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.
MORE VALUE ADDED SERVICES NEWS
Safaricom marks 7 years of M-PESASafaricom is marking the 7th anniversary of the launch of its successful mobile money transfer service, M-PESA. Read More
SA’s Net1 launches MVC solution in USSouth African-based Net1 Mobile Solutions, a business unit of Net 1 UEPS Technologies, has launched its Mobile Virtual Card (MVC) technology with selected partner, Pay in Private, in the United States. Read More
NSE introduces enhanced notification system via mobile, emailThe Nigerian Stock Exchange has enhanced its notification system, with alerts to be sent to investors by phone or email each time they buy or sell a security. Read More
Digital music worth $9bn this yearMahindra Comviva and Ovum Consulting predict that India, Africa, Latin America and South East Asia will be exceptional markets for digital music growth. Read More
MasterCard, Etisalat celebrate award-winning partnershipEtisalat Group, the leading telecoms operator in the Middle East, Asia and Africa, has celebrated an enduring partnership with MasterCard that has brought award-winning technologies to the market. Read More
Airtel Kenya to empower farmers via mobileAirtel Kenya has established a Farmer's Information System to provide real-time information to Kenyan farmers through its mobile network in the country. Read More
MTN, ECOBANK expand cardless mobile money ATM servicesGhana's leading telecommunications provider, MTN and Ecobank, The Pan African Bank, have partnered to extend cardless ATM services to Ecobank ATMs across Ghana. Read More
Annual wagers on mobile casinos, poker to exceed $60bn in 2018A new report from Juniper Research has found that annual wagers via mobile handsets and tablets on casino-type gambling and poker games are expected to reach $62 billion globally by 2018. Read More
MoboFree gets growth funding from eVentures Africa FundNigeria’s MoboFree has raised significant growth funding from Netherlands based eVentures Africa Fund (eVA Fund) in order to expand its local presence in Lagos and Accra, start new offices in East Africa. Read More
CfC Stanbic unveils M-Pesa payments for businessesKenyan banks are reported to be scrambling to leverage Safaricom’s mobile banking platform, M-PESA, to attract more customers. Read More
FEATURED STORYMACRA demystifies spectrum management
Malawi's regulator explains the issues around spectrum allocation. Gregory Gondwe reports.
BEST READ NEWS
IN DEPTHYouthConnekt launches Mobile Apps for Human Development Challenge in Rwanda
Rwanda’s Ministry of Youth and ICT and the UNDP, in close collaboration with Motorola Solutions, will power a Mobile App Challenge that will be implemented by YouthConnekt.