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Kenya

Mobile Money Platforms show signs of delivering innovation

A new service called Ushindi Mobile is due to be launched in Kenya by entrepreneur Dr Lucas Njenga. The idea behind the service is to build on the mobile money platforms provided in Kenya to enable mobile payments. Without going into detail on the business model I wanted to draw attention to the much talked about strategic benefits of mobile money solutions. Whether Ushindi delivers what is needed in the market or it is another venture that does, what is clear is that by deploying mobile money

Yu Cash offer international remittances from US and UK with new partnership

Yu Cash has partnered with start up called Heart of the City who are promoting online remittances to Kenya from the UK and the US. The released pricing seems to be around $6 – 10 USD for any remittance amount, subject to compliance controls. Heart of the City are looking to capture a share of the estimated $46 million US dollars a year received in Kenya. This is a great move for Yu Cash, Essar’s Kenyan mobile money deployment. Remittances are an important revenue stream to build commercial succ

In 3.5 minutes, learn how M-PESA reached 10 million Kenyans in 3 years

We write a lot about M-PESA. That’s because it is the most successful mobile money service launched (so far). This new CGAP video by my colleague Jeanette Thomas explains.Read more: http://feedproxy.google.com/~r/cgaptechnology/~3/0XMcImkagEE/

In 3.5 minutes, learn how M-PESA reached 10 million Kenyans in 3 years

We write a lot about M-PESA. That’s because it is the most successful mobile money service launched (so far). This new CGAP video by my colleague Jeanette Thomas explains. Read more: http://feedproxy.google.com/~r/cgaptechnology/~3/0XMcImkagEE/

Safaricom of Kenya Money-Transfer Users Rise to 61% in July From Year Ago

Safaricom Ltd., East Africa’sbiggest mobile-network operator, said the number of people usingits mobile money-transfer service …

Is Mobile Money Disruptive?

Mobile Money has traditionally targeted those the banks don’t want to bank. So should the banks feel threatened? This was this was the subject for Gavin Krugel’s talk at the Rio Mobile Money Summit. You can download his presentation here. And watch the video here. It’s best to have the two side by side. Please comment below.

NuMobile Presents 5 Million Mobile Cash Acquisition Plan

NuMobile, Inc. has posted a ‘Mobile Cash Strategy Update Webcast’ presentation. NuMobile has been developing a mobile cash opportunity in East Africa. The webcast focuses on the mobile cash strategy for east Africa, this is a Greenfield partnership strategy with Nova energy. The strategy is to develop a number of diverse local strategies, they have acquired a manufacturing company and agreed terms on an integrator. They now plan to acquire a mobile cash operation which is already doing $5m in

M-Banking: The key to building credit history for the poor?

Mobile transaction data may potentially help this population establish a formal credit history, help lenders more accurately evaluate credit risk, and lead to increased access to financial services for the poor.

The Enabling Environment for Mobile Banking in Africa

Investigates emerging models and trajectories of development in m-payments and m-banking in the African context based in part on the analysis of circumstances in Kenya and South Africa.

M-Pesa earns Safaricom 94 million US last year

Renaissance, a research company, declared Safaricom’s M-Pesa mobile money service earned the company 7.5 billion Kenyan Shillings or approximately $94 million US last year. The company also forecast a further 4.5 million consumers would adopt the service over the next 3 years taking the number of subscribers to 14 million. This would lead a 60% ARPU uplift, or Sh40 ($0.50 US), from Sh60 in 2009 to to Sh100 in 2013. While it has been generally accepted that mobile money services can drive signi