Category archives for: Mobile money

Econet profits up 266% after austerity measures

Econet Mobile

from DANAI MWARUMBA in Harare, Zimbabwe HARARE, (CAJ News) – ECONET Wireless (EWZL) Zimbabwe has registered an almost 266 percent increase in profits after tax to US$132, 9 million for the year ending February 28, 2018. This comes on the back of cost-cutting measures implemented three years ago. The increase is from profits recorded in […]

Zimbabwe’s EcoCash Savings Club scoops global award

ECO-CASH Savings Club

from MARCUS MUSHONGA in Harare , Zimbabwe HARARE, (CAJ News) – ECO-CASH Savings Club, the offering by Econet Wireless Zimbabwe and Mahindra Comviva, has received a global award for empowering women in the developing world. The solution won the Best Mobile Innovation for Women in Emerging Markets at the Global Mobile (GLOMO) Awards 2018, announced […]

Virgin Money revolutionises money transfers

Virgin Money Spot

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – ELECTRONIC Funds Transfer (EFT) could be a thing of the past as a local financial services provider plans to change the way friends exchange money. Virgin Money has unveiled such plans with its innovative, peer-to-peer payment application, Virgin Money Spot. Virgin Money Spot makes sending and requesting money […]

Kenya’s Safaricom launches first app store integration


From MARIA MACHARIA in Nairobi, Kenya NAIROBI, (CAJ News) – MILLIONS of M-PESA customers in Kenya can now pay for content on the Google Play Store following a partnership between Safaricom and DOCOMO Digital. The service is available to more than 27 million M-PESA customers with an Android smartphone or tablet. Hiroyuki Sato, Chief Executive […]

MTN issues warning on latest OTP scam

Cyber security attack

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – CUSTOMERS must be wary of yet another scam by fraudsters who con them after asking for their one-time pin (OTP). Once the pin is obtained, the fraudsters are then able to buy data or airtime from the customer’s accounts, after which that data or airtime is transferred to other […]

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