Total 17 Posts
One of the challenges that M-PESA users experience is when one inadvertently sends money to the wrong M-PESA user. The correct user experience design can go a long way towards solving this.
The digital revolution has reached the African continent, driven by the wide spread of emerging technologies, including automation, artificial intelligence, and networking. Some countries, such as Kenya, have taken advantage of digitization.
Despite the compelling value proposition that mobile money offers, the Reserve Bank of Zimbabwe recently placed significant regulatory restrictions on its operations. The regulator said mobile money services were fuelling illegal foreign currency exchange.
Credit, related to cash transfers, is a form of informal community support, and eliminating it is both undesirable and infeasible. However, agencies should take steps to prevent highly vulnerable refugee households from falling into high levels of debt.
Cameroon is planning to begin accepting the payment of customs duties and other related taxes via mobile money services.
Mobile money has proved popular among many African countries. However, in Cameroon, Glomo Money, an indigenous mobile money service, is struggling as it cites that government is supporting multinational companies better than local ones.
Many Cameroonians have reported a spike in the number of bank and mobile money fraud incidents in the last couple of weeks amid the partial coronavirus disease 2019 (COVID-19) lockdown.