Mobile commerce vs banking

January 8, 2010

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The money market landscape has since changed considerably.This is as mobile phone companies enter the credit space with electronic accounts, to challenge the dominance of commercial banks. Gone are days when local subsidiaries of multinational banks could suddenly raise minimum deposit requirements, effectively closing down thousands of accounts belonging to small depositors. Even those who […]

Posted in: General

Zap Spreads Wings West and South

January 8, 2010

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The mobile money transfer concept is now being replicated in other African markets following a high rate of success in East Africa and particularly Kenya. Zain announced the expansion of its mobile commerce service Zap to Niger, Sierra Leone and a full commercial pilot project in Malawi. This will bring to six the number of […]

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Posted in: General

CCK Says 3G Licence Fee Stands

January 8, 2010

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Kenya’s telecoms regulator said on Wednesday that a $25 million fee would continue to apply to all firms acquiring a 3G license in the east African country. Telkom Kenya’s Orange mobile phone service, which is controlled by France Telecom, said last year that it was lobbying the Kenyan authorities to try to reduce the fee. […]

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Posted in: General

The case for internet cost reduction.

December 23, 2009

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Only eight out of every 100 Kenyans have access to the Internet according to an assessment carried out and published in this year’s International Telecommunications Union’s parity index. Ranked at position 116 out of 156, this has hardly changed year-on-year. This despite the much celebrated landing of the fiber optic cable at the Kenyan coast. […]

Posted in: Data

Yu Cash – another jewel in the mobile commerce platform

December 20, 2009

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Touted as “The next generation of mobile money transfer“, Yu in partnership with Obopay introduced its mobile payment solution dubbed “Yu Cash” with a promise to transform the way people and small businesses transact. The standard offerings – deposits, money transfer, cash withdrawal, prepaid Top-Up, Balance Inquiry are included. Yu tries to differentiate itself from […]

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Posted in: General, M-Commerce

Overview

November 28, 2009

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Finally a blog that keeps tabs on the development in the Kenyan Mobile phone Industry. Since 2000, when there were only a couple of thousands of mobile phone users(elite), the industry has grown in leaps and bounds and it’s estimated to have 14.5 Million subscribers as of 2009. This has been a phenomenal growth by […]

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Posted in: General, Mobile