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

Dubai Bank launches M-SASA banking platform in Kenya

Kenya’s Dubai Bank and Rapid Communications, a telecommunications solution provider, have partnered to launch mobile banking system M-SASA.  Read More

Angola creates awareness about E-Kwanza BAI

A major marketing campaign is currently underway in Angola to create awareness about a mobile money service called E-Kwanza BAI, which was launched this month by the Banco Angolano de Investimentos (BAI, Angolan Bank of Investments).   Read More

Orange, USAID join forces to boost mHealth innovations across Africa

The U.S. Agency for International Development (USAID) and global telecommunications operator Orange have announced a new alliance to develop innovations in mobile health (mHealth) at the Global mHealth Forum in Washington, DC.  Read More

WFP, World Vision look to digital to assist DRC refugees

More than 1 100 households whose members fled the war in the east of the DRC have received financial assistance via mobile money from World Food Programme and its partner World Vision. Read More

Tanzania’s Safe Motherhood Text Messaging Service enters third year

Since its launch two years ago, 500,000 men and women accumulatively received 40 million informative safe motherhood messages and reminders through the Wazazi Nipendeni SMS service. Read More

2go racks up 2m monthly users on Android app

Mobile social network 2go has announced it has achieved over two million monthly users on its Android app just over a year after its launch. Read More

Airtel Money now largest financial service provider in DRC

Airtel Money has hit the 1 million revenue-earning customers landmark in the Democratic Republic of Congo (DRC). Read More

MTN partners Tastee Fried Chicken to launch meal vouchers

MTN Nigeria has extended partnership with a leader in the outdoor and quick service restaurant sector, Tastee Fried Chicken (TFC) with the launch of meal vouchers to increase its retail footprints and provide its products and services at all TFC outlets nationwide. Read More

Airtel, Facebook partner to give Kenyans free internet access

Airtel has officially launched a partnership with Facebook to offer the Internet.org app to its pre-paid and post-paid customers in Kenya.  Read More

MTN launches cross-border remittance between Ivory Coast and Benin

MTN Group today announced the launch of a mobile money cross-border remittance service between Ivory Coast and Benin, to further enable the cheaper and easier movement of money in the West Africa region. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

PWC: Optimism abounds but a bumpy journey ahead for somePWC: Optimism abounds but a bumpy journey ahead for some

PwC’s ‘Capital Projects & infrastructure in East Africa, Southern Africa and West Africa,’ report says infrastructure spend in the region is projected to reach $180bn per annum by 2025.

IN DEPTH

Africa lags on digital migration Africa 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.