• info@groupmav.com
  • Hong Kong | Shanghai | Dar es Salaam

0

The TECH25 Roundup (June 13 – June 26)

Every fortnight we compile a list of important news updates and events covering the African FINTECH, MFGTECH, CLNTECH, AGRTECH, and MEDTECH sectors

FINTECH Roundup

Vodacom M-Pesa Tanzania goes global with over 200 countries accessing platform, via IPP Media.
Vodacom Tanzania Plc’s mobile money platform, and the domestic market’s leading mobile money and technology services company, has set a record by becoming the first brand to be accessed by customers to send and receive cash on their handsets.

Rwanda: Central Bank Reinstates Mobile Money Charges, via New Times.
After three months of free mobile money transactions, charges will be reinstated on Monday 22nd June according to an announcement by the Central Bank. The charges had been suspended for a 3-month period on March 18th to encourage uptake of cashless payments and reduce cash handling as part of the efforts to curb the transmission of the Covid-19 pandemic.

Kenya’s Central Bank extends mobile payments relief by six months, via Reuters.
Kenya will extend various relief measures on mobile phone payments that were introduced to help to curb the spread of the new coronavirus by a further six months, the central bank said on Wednesday.

Airtel Rwanda Partners with World Remit to ease International Money Transfer, via New Times.
Airtel Rwanda on Monday June 22 announced a partnership with online money transfer service, World Remit to facilitate its customers to transfer money from across the world. Among other things it will enable Airtel Money customers receive cash through World Remit from their friends and family across the globe especially in the coronavirus pandemic crisis.

Tanzania: Exim Launches Cashless banking Campaign, via Daily News.
EXIM bank has launched a new digital awareness campaign aimed at encouraging its customers to embrace cashless economy and enhance easy financial access digitally.

Safaricom launches Lipa na M-Pesa App for business owners, via Gadgets Africa.
Safaricom has today announced a Lipa Na M-PESA Business smartphone app for the more than 170,000 merchants on the service. If you have been using *234# menu as a Lipa Na M-PESA merchant, this app will complement the ability to manage your till and to make transactions.

Send Money from Airtel Uganda to MTN Uganda for Free using Chipper Cash, via Dignited.
While sending money across the same network has been easy in Uganda, cross-network sending of money has been a challenge mainly due to the high transaction charges. Chipper Cash, a payment platform is here to sort that. This guide will you through the process of sending money from Airtel Money to MTN Momo for free using Chipper Cash.

SA fintech enables electricity, airtime purchases using Bitcoin, via itweb.
South African fintech firm Centbee has launched a new feature in its BitcoinSV wallet today that allows users to purchase prepaid electricity, airtime and data.

Outgoing Safaricom CFO roots for closer ties with parent firm, via Business Daily.
Safaricom’s outgoing Chief Financial Officer (CFO) Sateesh Kamath says he will push for closer collaboration between the Kenyan telecom operator and Vodafone on innovation and technology.

Ethiopian liberalization: Safaricom officially bids for license, via total telecom.
The Kenyan operator confirmed its bid at the weekend with some suggesting that an Ethiopian license could open a gateway to the rest of Africa.

Uber Cash Goes Live in Kenya that Integrates M-Pesa, via Techweez.
Uber has launched its Uber Cash digital wallet in a number of African countries this week which is a partnership with the fintech firm, Flutterwave. Uber Cash has gone live this week in Kenya, Uganda, Tanzania, South Africa, Nigeria, Ghana and Ivory Coast.

Uganda to reduce taxes on mobile banking and mobile money transactions, via af reuters
Uganda will reduce taxes on mobile banking and mobile money transactions to help its economy cope with the impact of COVID-19, the finance minister said in a speech presenting the budget for 2020/21 fiscal year.

Orange Eyes Telecom Markets in Nigeria and South Africa, via Ventures Africa.
One of the dominant telecommunications companies in Africa, French telecom company, Orange has indicated interest to expand into two leading economies in Africa, Nigeria and South Africa. The disclosure was done by the CEO of the company, Stephanie Richard.

AGRTECH Roundup

Tanzania: Embrace Agri Tech to Boost Output, Farmers Told, via Daily News.
Farmers have been advised to use the best seeds and modern agriculture technologies to boost food output and surplus for business, which will increase the family income and raise farmers’ living standard.

Upcoming Events

FinBank Innovation Conference & Expo 2020.
The platform will cover professionals from payments, retail, fintech and insurtech to discuss new ideas about digital transformational in financial ecosystem. You will hear more from thought leaders across Africa and the globe and new technologies from prestigious tech startups.

Leave a Reply

Your email address will not be published. Required fields are marked *