Sentences with phrase «mobile money»

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

As well, from the bank side customers can move money from their bank account (s) to mobile money accounts.

Send money to someone even if they don't have a bank account with mobile money.

There is virtually no security at most Mobile Money joints, despite the huge transactions taking place in some cases.

It was set up in the most mobile money making way possible.

As a result, many vendors and mobile money patrons are living with constant fear.

Online checking accounts also tend to provide robust web and mobile money management options that can help you stay on top of your budget without having to study paper statements or visit a branch.

Payments can be made or received from popular mobile money services, as well as transmitted to businesses bank accounts within a day.

The continent has seen a growing number of mobile money platforms like M - Pesa, enabling digital transactions using fiat currencies.

Cedric Wachira, CTO of CedKoin explained cryptocurrency technology had the potential to replace local mobile money transfer platform MPESA since it could provide users with unlimited transactions.

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.

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

Last month, the Bill and Melinda Gates Foundation awarded bitcoin startup Bitsoko $ 100,000 to help troubleshoot Africa's now - ubiquitous mobile money systems.

I have personally been testing the app and I can definitely see how a simple to use mobile money app could take off in developing countries where mobile phone adoption is high but access to financial services is low.

The results of this situation have been crippling; rising prices of household commodities and foodstuffs, continued shortages of cooking oil as manufacturers can not pay for imported raw materials on time and retailers reject other means of payment such as mobile money and plastic money, preferring cash.

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.

For some time now, hardly a day passes without news of armed attack on Mobile Money vendors.

The government has come under fire from the Minority for their supposed plan to impose taxes on mobile money transactions in the country.

Now, around the same time the volume of transaction on mobile money grew from about 51.4 billion in 2016 to 109 billion cedis as at September last year which represented a whooping 112 percentage growth.

«I protested until they went to bring the parents of the children who also told me they need the ID cards for mobile money services but I managed to prevent them» he added.

New Delhi: Finnish handset maker Nokia Tuesday said it is consolidating its business to focus on handset business and will exit from mobile money service as it does not form core of handset business.

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.

Vice President of the Republic of Ghana, today Thursday, 10th May, 2018, launched the first Mobile Money Interoperability System...

Since many Africans are comfortable using mobile money accounts, to send and receive money and settle payments, the challenge is for

Currently, the company supports AirtelMoney, TigoCash, and MTN Mobile Money accounts.

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).

The controversial Mobile Money Interoperability platform which was launched by the Vice President Dr. Mahamudu Bawumia was allegedly executed by Ghana Interbank Payment and Settlements Systems GhIPSS for $ 4million, an alleged huge reduction from the GHC4.6 billion earmarked for the project by the previous administration which was to be executed by Sibtons switch.

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.

M - Pesa is the dominant mobile money player in Kenya, accounting for two - thirds of the market, according to the Competition Authority of Kenya.

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...

Mazzuma enables users to receive and send mobile money to all mobile networks, thereby achieving interoperability at the telecommunications level.

The porous and exposed nature of most mobile money points is an eyesore, that is true but in the words of Accra Regional Police Commander, DCOP George Alex Mensah «The banking sector is such that there is a law that without the presence of an armed officer you can not open a bank so at the banks, if by 8.

IFSC code helps ensure safe transactions through National Electronic Funds Transfer (alternately NEFT), Real Time Gross Settlement (alternately RTGS), Immediate Payment Services (alternately IMPS), Centralized Funds Management System (alternately CFMS) or bank - to - bank electronic Instant Mobile Money Transfer service.

Zimbabwean cryptocurrency exchange Golix has enabled mobile money services for customers who need to deposit and withdraw funds from their...

regrettably however, many Mobile Money vendors have left their personal safety and the security of their money and other properties to chance, exposing themselves to recent wave of armed attacks on them and I find this development quite unfortunate because it is a phenomenon if not quickly nipped in the bud could erase all the gains made and enumerated earlier.

As feature phones become cheaper, the scalability of mobile money networks will improve.

«Today mobile money developed in Kenya has become the model for the rest of the world and is being copied in East Asia and other parts of the world, spreading across the countries.

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.

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 report looks at key emerging issues — such as increasing use of mobile money financing and declining decentralized renewable energy technology costs — and the extent to which women are able to leverage these trends so that they can gain access to electricity, clean cooking and other sustainable energy solutions.

A lawsuit filed by bitcoin payments startup BitPesa and its partner against mobile money giant Safaricom was heard in the Kenyan High Court on Tuesday.

The Kenyan High Court heard a case brought by bitcoin startup BitPesa against mobile money giant Safaricom two days ago.

Mobile Money leader Monitise (LSE: MONI.L) has announced the early success of BBM Money, the P2P mobile payments service launched through its Joint Venture with Astra International (AGIT Monitise Indonesia) in partnership with Indonesian financial institution Bank Permata (PermataBank) and BlackBerry (NASDAQ: BBRY; TSX: BB).