A VISA e-Gift payment card has been launched by ChamsMobile, a licensed mobile money operator in Nigeria, and Skye Bank Plc.
The Coffey managed GEMS4 project has successfully lobbied the Central Bank of Nigeria to increase transaction ceilings for mobile money payments. The change is estimated to benefit about 750,000 mobile money users.
The Central Bank of Nigeria (CBN) says it has to loosen its regulatory policy on mobile money to accommodate telecommunications companies. According to ITPulse, CBN said that telecoms firms can provide the enabling infrastructure for mobile money agents to work effectively, thanks to their broad spread.
HomeSend and Azimo have announced the launch of new mobile wallet services in ten countries throughout Africa and Asia-Pacific – reaching millions of mobile money subscribers.