News about M-Pesa.
November 21st, 2016
A project enabling mobile money transfers to take place at the point of sale in areas of less-developed countries with poor or no mobile network coverage has been unveiled, by removing the reliance on SMS…
November 3rd, 2016
Kenyan carrier Safaricom is trialling an NFC card with university students that enables them to make payments with a tap at any contactless terminal using their M-Pesa mobile money accounts. The cards, called Blaze M-Pesa, are being issued free of charge to “thousands of students,” Business Daily Africa reports. “The students can already make payments at several businesses at the Thika Road’s TRM Mall.” Safaricom began trialling NFC M-Pesa cards with its staff in July 2016. Reports emerged in March 2014 that Safaricom was working to add NFC to its M-Pesa service.
July 19th, 2016
Kenyan carrier Safaricom is testing a new PIN-based NFC-enabled ‘Tap-and-Go’ card for its M-Pesa mobile money service. “The telecommunications services provider says the new offering can integrate with an existing M-Pesa account and the pilot phase is currently being conducted among Safaricom staff, with plans to extend the service to university students,” ITWeb Africa reports. Reports emerged in March 2014 that Safaricom was working to add NFC to its M-Pesa service.
June 24th, 2015
Revenue from mobile money transfer services will hit US$2bn this year, doubling to $4bn by 2018, Juniper Research says, citing Africa as the market leader. “Several African mobile operators are now generating more than 10% of their revenues from mobile money,” it adds. “Safaricom’s M-Pesa service [in Kenya] recorded mobile money revenues of more than $330m in the latest financial year.”
April 24th, 2015
Users of Vodafone’s M-Pesa and MTN Group’s MTN Mobile Money services in east Africa will soon be able to transfer money to each other following an agreement between the region’s two biggest mobile network operators. MTN and Vodafone will interconnect their mobile money services to “enable convenient and affordable international remittances”. They will also share best practices and work together to define the rules and standards of mobile-based remittances in Africa, the companies say.
May 16th, 2014
Kenyan mobile network operator Safaricom has now signed up 122,000 merchants for Lipa na M-Pesa, a service launched in June 2013 that enables Kenyan consumers to use the funds stored in their M-Pesa mobile money…
March 14th, 2014
Kenyan carrier Safaricom is to add NFC payment capabilities to its flagship M-Pesa mobile money service, according to Techmoran.”Still undergoing the tendering process, the NFC SIM cards are expected to be rolled out to its subscribers for mobile contactless payments and transactions making Safaricom the first mobile operator in the region to mass deploy SIM-based NFC for contactless transactions,” the report says.
June 6th, 2011
News in brief from the NFC world and beyond: M-Pesa revenues soar • Google Offers trial gets underway • Tyfone expands team • NXP’s partner programme • SVB picks EMV • British consumers ‘not comfortable’ with location-based services • SCM launches plug-in NFC reader • Elephant Talk to unveil NFC mobile wallet platform • and more…
November 1st, 2010
News in brief from the NFC world and beyond: Czech mobile payments • Akbank pushes contactless • Visa opens up • The rich love a bargain • Germany moves to contactless ID • mFoundy’s mobile banking guarantee • Amsterdam shops to refuse cash • Starbucks expands 2D payments • M-Pesa adds supermarkets • WiFi goes P2P • and more…