Mobile Money

Mobile Money transfers made free to boost cashless payments

Transactions via Mobile Money will be free to users for the next three months as the government moves to encourage digital payments to reduce the chances of transmissions of the COVID-19. Cash handling increases the chances of transmission of the virus which is a global pandemic as it increases...

Thursday, March 19, 2020 - 12:40am

How to keep your cash safe from mobile money fraudsters

Rwanda Investigation Bureau (RIB) on Tuesday paraded 15 suspected criminals arrested, at various intervals starting January 28, for belonging to a criminal gang that has defrauded gullible people. Marie-Michelle Umuhoza, the RIB spokesperson said that besides reporting fraud cases so that they...

Thursday, February 6, 2020 - 12:10am

Airtel-Tigo to pay Rwf120 million in interest to mobile money subscribers

Airtel-Tigo customers who deposit on the telecom’s financial platforms will from this quarter onwards be paid interest on funds held on their Airtel Money and Tigo Cash wallets on a daily basis. The development comes after the National Bank of Rwanda (BNR) gave a greenlight to the telecom...

Thursday, August 2, 2018 - 11:29pm

Will mobile money cannibalise banks? Not really says GSMA Executive

Africa is adopting mobile technology faster than any other region and it is leveraging the power of mobile technologies to do business. It is estimated that the mobile ecosystem will add more than US$150 billion in value to Sub-Saharan Africa’s economy by 2022, equivalent to almost 8 per cent...

Monday, July 23, 2018 - 10:32pm

90% of our money transfers to Rwanda via mobile phones – World Remit

Up to 90 per cent of international money transfers to Rwanda through World Remit come through mobile wallets, a new survey indicates, highlighting the growing importance of mobile money transactions. The report, which was released yesterday by WorldRemit, a leading international digital money...

Wednesday, July 18, 2018 - 12:30pm

Who is delaying mobile money operations across networks?

Despite the fast adoption of mobile money and its growth in Rwanda, sending money across networks still remains impossible for millions of Rwandans who use the platforms. At the moment, MTN Mobile Money and Airtel Money users cannot send or receive money across networks, a situation that has...

Tuesday, July 17, 2018 - 10:25am

MTN Rwanda opens Mobile Money Remittance corridor to Tanzania

Users of MTN Rwanda will now be able to send money to Tanzania via Mobile Money as the telco has opened the mobile-to-mobile remittance service between Rwanda and Tanzania. MTN Mobile Money users in Rwanda are now able to send money to Airtel Tanzania subscribers seamlessly and affordably through...

Friday, July 6, 2018 - 3:02pm

Banking through Mobile Money Technology in Africa

Expansion of mobile phone usage expanded opportunities to bank the unbanked population. With mobile banking, low-income people no longer need to use scarce time and financial resources to travel to distant bank branches. Since mobile banking transactions cost far less to process than transactions...

Monday, June 18, 2018 - 9:25pm

The reach of West Africa’s mobile money sector is 13 times wider than local banks

Rapid mobile adoption in West Africa since the turn of the decade has been a boon for the local mobile money industry. As the West Africa mobile economy report by GSMA shows, mobile adoption in West Africa has nearly doubled from 28% at the turn of the decade to 47% last year. Indeed, by the end...

Saturday, April 14, 2018 - 12:46am

Subscribe to The New Times E-Paper