Month: June 2014

It’s all systems go for cash light public transport payments tomorrow, Gov’t insists

Transport Principal Secretary Nduva Muli is confident that cash light public transport payments will go into effect in Nairobi tomorrow without a hitch amid widespread public uncertainty and confusion. Questions still linger over interoperability between different cards vendors, with commuters fearing that they will end up having to acquire and carry multiple cards. Recently, commuters…

With the launch of its MVNO, mobile money service, Equity is responding to an existential threat

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Equity Bank’s most recent foray into mobile banking, the launch of its own mobile network might be interpreted as yet another example of the bank’s impressive innovation record or C.E.O extraordinaire James Mwangi’s knack for good business. Some might wonder why a bank like Equity would want to go into the already overcrowded mobile money…

May in Payments: You can now pay for your power in Bitcoin in South Africa, Africa’s first Bitcoin ATM and Equity Bank finally receives a MVNO license

The month of May was full of big news on the payments front all over Africa. Here’s my monthly roundup of happenings on the payment scene: You can now pay for your power in Bitcoin in South Africa. According to local tech news site TechCentral.za, South African firm Invirohub, a smart meter developer, has developed…