mobile financial services
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M-Pesa, the pioneering mobile money platform run by Safaricom and the Vodacom group, is now run from a cloud operations centre in Kenya. -
Orange has asked the Lazard investment bank to find a buyer for its loss-making financial services business, Orange Bank.
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Nigerian operators are threatening to cut off banks providing mobile financial services because they say they have not paid their bill.
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UK-based e-commerce company Bango has acquired the global payments business of mobile operator NTT DoCoMo for only €4 million in cash.
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Michael Joseph, founder of Kenya’s Safaricom and its pioneering mobile money venture M-Pesa, has flown north to Addis Ababa to supervise the troubled launch of its Ethiopian offshoot.
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Kenyans made 1.9 trillion mobile money transactions in the first 11 months of 2021, worth more than US$55 billion.
Forthcoming events
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Orange is to buy a further 21.7% stake in its loss-making Orange Bank from Groupama, the insurance company that has been its partner in the project since 2016.
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Ethio Telecom is building network capacity and planning to pilot 5G mobile as it prepares for competition at the end of 2021.
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The government of Tanzania has set a target of gathering US$2.1 billion in tax on mobile money transactions over the next five years.
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Shareholders in mobile phone operator Veon are expected to take a decision this week that will be a major step forward in creating an independent home for the group’s services division.
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Mobile money pioneer Michael Joseph has returned as interim CEO of Kenya’s Safaricom following the death yesterday of Bob Collymore.
