Sentences with phrase «many mobile money»

They, among a few other players in the space, are advancing mobile finance globally, enabling easy conversion between telecom mobile money, prepaid credit, and postpaid billing platforms.

As the former head of Citi Ventures, Citigroup's VC unit, and co-founder of Mobile Money Ventures, which was sold to Intuit in 2011, he knew how to navigate the check - processing infrastructure to slash costs.

«When payments are made at stores, change can be provided in the form of an airtime top - up or mobile money.»

This focus on serving unbanked communities may also shed light on a deal announced today between PayPal and M - Pesa, a mobile money service based in Kenya.

«There is no doubt that consumers are embracing mobile money, it's a booming space,» says Rimma Perelmuter, CEO of Mobile Ecosystem Forum in a call.

Given the growth in global mobile money accounts, remittance companies like WorldRemit will benefit from partnering with as many mobile money firms as possible.

Mobile money networks enable developing nations to leapfrog payment infrastructures like credit and debit cards, moving from cash - based societies directly to mobile - based.

As mentioned above, WorldRemit saw a jump in activity as soon as they linked their services to mobile money accounts.

This could accelerate mobile money's rollout and give a huge portion of the world's two billion unbanked access to financial services.

WORLDREMIT CEO TALKS MOBILE MONEY: Mobile money accounts have transformed developing economies and the remittances industry, according to Ismail Ahmed, CEO and founder of WorldRemit, a digital - focused remittance startup.

The global benefit of mobile money.

Rossiello was introduced to Bitcoin and quickly realized both its similarities and improvements over mobile money, with which she was very familiar.

Instead, they would simply receive Kenyan shillings transferred by M - Pesa, the dominant mobile money channel there.

By Maggie Fick NAIROBI (Reuters)- Safaricom, Kenya's biggest telecoms company, is piloting a social messaging app that will link to its mobile money platform in an attempt...

Mobile money agents are effectively mini-forex exchanges, only, instead of foreign currency it's a private digital currency and instead of a foreign country, it's a mobile operator's virtual territory.

I think Abra is perfect for the Turkish market... Lots of people moving around, no good domestic mobile money apps, largely cash market, etc..

If users pay for services using their phones and a local mobile money platform, the data on the payment is routed through a third party (the mobile platform operator).

A digital fiat currency and government - issued mobile money platform could transform the Sub-Saharan African economy, according to nanopay CEO Laurence Cooke, who recently...

The diversification of M - Pesa as a payment platform also underscores how technological innovation has been central to the mobile money story.

The cooperation with PayPal comes a day before full mobile money interoperability kick - starts in Kenya, allowing customers to send money across mobile networks.

Mobile Money: Looks to make existing mobile money platforms more user - friendly, allowing customers to send mobile money to recipients with different providers.

Kenya has experienced an e-commerce boom, buoyed in part by ubiquitous mobile penetration that currently stands at over 90 %, increased smartphone use, and a mobile - first strategy that allows customers to pay for goods and services online through mobile money services like M - Pesa.

The IDC Study features ten emerging companies that are innovating and excelling with a variety of mobile and wireless technology solutions including: mobile marketing, couponing, analytics, smart grid enablement, TV and video on demand — even for traditional phones, mobile money services, mobile enterprise Apps and product life - cycle management.

We developed a business in a box solar kiosk, app and software platform to bring connectivity solutions using internet WIFI, intranet solution for offline users, phone charging solutions and with our app we offer additional services such as airtime, mobile money, prepaid electricity, tax payment.

I mentioned earlier as a commercial business unit, under the umbrella of you have remittances, mobile money, and financial inclusion.

Ato Forson further warned government to desist from its intention to tax mobile money transactions as it would hit the country's many poor folks the hardest.

The Vice President, Dr Mahamudu Bawumia, has launched the first mobile money payments interoperability system in Ghana.

Vice President Bawumia challenged the financial institutions, the telcos and the Fintechs to find very innovative ways of turning mobile phones and the mobile money platform into vehicles of economic emancipation for the many players in the huge informal sector.

Ghana now has the most advanced electronic payments system on the African continent, following the launch of the Mobile Money Payment Interoperability System last week, and this will allow for greater financial inclusion, the Vice President, Dr Mahamudu Bawumia, has declared.

Interoperability is the ability for customers to undertake money transfers between two accounts at different mobile money companies or to transfer money between mobile money accounts and bank accounts.

Also, upon completion of Phase Two, customers will be able to pull monies from bank accounts to their mobile money accounts.

The Vice President who was speaking at the launch of the much - awaited mobile money interoperability functional for mobile network operators (MNOs) said: «If we are able to position mobile money appropriately, we can turn the fortunes of the...

Mahamudu Bawumia, Vice President Vice President Dr. Mahamudu Bawumia has predicted that fortunes of the local economy could be transformed completely if the potential of mobile money is fully exploited and the large informal sector that relies on the service is roped into the formal economy.

He also challenged the stakeholders to extend the reach of mobile money interoperability beyond the shore of Ghana.

Furthermore, mobile customers can move money from their mobile money accounts to bank accounts without any hassle, freeing up funds locked up in the telecom sector.

Business News of Saturday, 12 May 2018 Source: ghananewsagency.org MTN is one of Ghana's fastest growing networks Mr Obed Adu - Amankwah, the Upper West Territory Sales Controller of MTN Ghana, has urged phone users to register MTN Mobile Money as the company is instrumental in building robust cashless economy for ease of doing business.

He said with the growing MTN Mobile Money quality services and products, Ghana's telecommunication giant was contributing significantly to ensuring a sustainable cashless Ghanaian society to help improve lives.

The ezwich integration is ongoing, and the central bank has instructed all Banks to complete the integration that allows customers to pull monies from bank accounts to their mobile money accounts by July 15 this year.

While some countries on the continent have the «standard» mobile money interoperability system, which allows seamless transactions between customers of the various telecom service providers, Ghana's system allows transactions between telcos as well as banks, making financial services more accessible to the populace.

Vice President Bawumia launched the first mobile money payments interoperability system in Ghana on Thursday 10th May, 2018.

The launch of mobile money payment interoperability system is expected to largely eliminate the difficulties associated with traditional banking services, such as the difficulty in opening bank accounts, the high costs associated with maintaining a bank account relative to customers» income levels, the need to have basic literacy, administration and record keeping abilities and English - language capacity to operate a bank account, and the sheer intimidating nature of banking halls.

The police in Aflao on Thursday arrested five armed men who allegedly shot and robbed a mobile money dealer at First Lowcost, Aflao.

Police in Ejisu in the Ashanti Region, have arrested three suspected armed robbers who attacked and robbed an MTN Mobile Money Merchant at Fumesua on Saturday 9th September.

The statement cautioned members of the public to be wary of the activities of fraudsters who contact candidates with the promises of bettering their results for a fee payable through mobile money transfers.

In an interview with Okay FM, the promoter disclosed that he sent her (Anita) the two thousand cedis through mobile money to her manager which she (Anita Afriyie) confirmed receiving.

General News of Tuesday, 15 May 2018 Source: Starrfmonline.com Deputy Information Minister, Kojo Oppong Nkrumah The Government has hit back at the former deputy Governor of the Bank of Ghana (BoG) Dr. Johnson Asiama over claims that the previous management of the Central Bank committed only cents 300,000.00 to Sibton Switch Systems to execute the controversial Mobile Money Interoperability platform.

In January 2017, the issue of mobile money interoperability came to the fore when telecom operators kicked against moves by the central bank to impose a third - party company to implement the interoperability at a cost of GHc4.6 billion.

From the above, the emergence of mobile money services has been of immense blessing to the nation.

Business News of Monday, 14 May 2018 Source: www.ghanaweb.com Former Governor of the Bank of Ghana, Dr Nashiru Issahaku It is completely false, claims that the former NDC administration intended to invest a whopping GHC4.6 billion of public funds into the Mobile Money Interoperability (MMI) service during the party's term in office, Former Governor of the Bank of Ghana, Dr Nashiru Issahaku has said.

Business News of Monday, 14 May 2018 Source: classfmonline.com play videoFormer Governor, BoG, Dr. Abdul - Nashiru Issahaku Former Governor of the Bank of Ghana, Dr. Abdul - Nashiru Issahaku, according to his former Second Deputy Governor, Dr Johnson Asiama, is the author of a 15 - point statement which denies assertions that the central bank, under his tenure, allotted GHS4.6 billion ($ 1 billion) to the mobile money interoperability system which was meant to be done by Sibton Switch.