mobile money - itbusinessdirect

African Mobile Money platform Mpesa adopted in Europe

September 12, 2014February 18, 2016 Staff Writer

Vodafone brings Africa’s M-Pesa mobile money to Europe * Launch targets 7 mln in Romania who mainly use cash * M-Pesa has 16.8 mln active customers in emerging markets * Mobile payments expected to grow rapidly in coming years By Kate Holton LONDON, March 31 (Reuters) – Vodafone brought the mobile money service that has revolutionised banking in Africa to Romania on Monday, offering M-Pesa text-message transactions to millions of customers in its first push into Europe. Vodafone said it had chosen Romania to target the seven million people there…

Ericsson chosen for money platform in Peru

August 19, 2014February 18, 2016 Staff Writer

Asbanc, Peru’s national bank association, has chosen Ericsson to design and build what is claimed will be the country’s largest private initiative aimed at financial inclusion. The aim is to deliver the underlying infrastructure over which financial services can be pitched to the country’s mobile users, most of whom do not have access to traditional bank accounts. The platform will have a staged rollout but Asbanc wants to see services generally available in Peru during 2015. Ericsson’s platform is intended to host services from different financial institutions and other companies…

Online retail begins to click in Africa’s biggest market

July 6, 2013 Staff Writer

The headquarters for this Internet startup is cheekily nicknamed “Graceland” and its co-heads are young Harvard graduates with grand plans who have rapidly expanded the business over the past year. Silicon Valley? Not even close. This emerging world Internet company, called Jumia, is now located in Nigeria, and the founders of the business here say there is no better place to pursue their strategy. Nigeria, Africa’s biggest market of 160 million people, has seen Internet access expand rapidly in recent years, opening opportunities for companies to exploit. While major obstacles…