Phone company moves into banking
"Mobile phone operator O2 announced it has been branching out into the personal finance market in a bid to cash in on the growing demand for mobile banking services. The group has teamed up with high street bank NatWest to offer two pre-paid cards through its new O2 Money business."
Mi-Pay Mobile Money Focuses on Africa
"Mi-Pay, the global mobile money company, is building on its African achievements by confirming three new contract successes, which it expects to announce in detail over the next few months. With its international and domestic remittance services going live in North and West Africa; and a multi country roll-out of its agent-based, person-to-person, mobile money service already underway, Mi-Pay is fast emerging as a key partner and preferred supplier for operators and banks as they seek to make financial services accessible to Africans across the Continent."
Vodacom Tanzania Signs Local Bank for M-Pesa Mobile Banking Service
"Vodacom Tanzania has officially signed up BOA Bank to provide Vodafone M-PESA services to its clientele. Both prepaid and post-paid Vodacom customers are able to open a Vodafone M-PESA account at no cost at any our authorised agents and now BOA Tanzania. Most importantly about Vodafone M-PESA, any person from any mobile subscriber can receive money via M-PESA on their mobile phone."
PayMate To Provide Mobile Banking Solutions To Syndicate Bank
"While PayMate has till date tied up with 22 banks and provided them with its mobile payment services and applications, PayMate will now also be offering mobile banking applications which will include non-financial transactions as well."
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