Tag: mobile money

COVID-19 lock-down: Uganda prepares to reopen schools

In Uganda, the country shared plans to re-open schools. Furthermore, $3.2 million is estimated to have been stolen in the latest hack incident that compromised Uganda’s mobile money network. Analyst, Charles Bwogi joins CNBC Africa for more.

Bank to mobile wallet services suspended in Uganda over hacking

As of this week, all bank to mobile wallet services in Uganda have been temporarily suspended.

How digital technology is powering up East Africa’s growing gig economy

The 2020 Mastercard Gig Economy Industry Outlook report indicates that there is rapid development of the global Gig Economy, projecting double-digit annual growth for the industry over the next five years. CNBC Africa spoke with Ngozi Megwa, Senior vice President, Digital Partnerships, Middle East and Africa at Mastercard on the purpose of the study and the impact this fast-growing industry has on the East African economy.

Mastercard empowers Middle East & Africa fintechs to launch and expand rapidly

Mastercard has launched Fintech Express designed to facilitate emerging fintechs’ launch and expansion in the Middle East and Africa. With the power of partnerships and Mastercard’s expertise, technology, and global network, start-ups will be able to focus on innovation that drives the digital economy. On more on this we had a conversation with Gaurang Shah, Senior Vice President, Digital payments and labs for Middle East and Africa at Mastercard.

Accelerating the adoption of digital payments in Tanzania

Tanzania's digital landscape in recent years has grown creating a number of economic opportunities. Mastercard and Selcom recently announced the launch an enhanced mobile payment application that enables people to centralize all their payment cards or supported mobile banking profiles on one digital platform. Sameer Hirji, Executive Director, Selcom Paytech Limited joins CNBC Africa for more.

MFS Africa CEO on how to solve money transfer challenges in Africa amid COVID-19

The current pandemic has radically transformed the world of business, with many having to adapt fast and use unconventional methods to keep their businesses working. Dare Okoudjou, CEO and Founder of MFS Africa joined CNBC Africa on how to solve the money transfer challenge that is preventing African businesses from growing as much as they should.

MTN Rwanda CEO on COVID-19 & its impact on the company’s half-year results

Mitwa Kaemba Ng’ambi, the CEO of MTN Rwanda joined CNBC Africa unpack to the teleco’s revenue collection for the first half of 2020.

Hello? – How Zimbabwe’s got the wrong number when it comes to mobile money

“The unprecedented measures have been necessitated by the need to protect consumers on mobile money platforms which are being abused by unscrupulous and unpartisan individuals and entities to create instability and inefficiencies in the economy,” the statement read.
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