‘’Clearly, Ozow is another step towards making it more secure
and safer for millions of South Africans to perform mobile transactions
conveniently through a USSD code or the MoMo app,’’ says Felix Kamenga, Chief
Officer of MTN Mobile Financial Services, South Africa.
MTN Group Ltd. engages in the provision of network information technology services. It offers broadband and Internet products and services and converged fixed or mobile products and services.
I think it's a great idea for the partnership between MTN and MoneyGram to offer its supporter in Cameroon the benefit of getting worldwide remittances through MoneyGram.
Wireless carrier MTN Group and global payment services giant Western Union Co. have partnered to introduce international mobile remittance services in 21 countries across Africa and the Middle East.
MTN required the association with Western Union Africa to provide its subscribers the opportunity to send and get Western Union Money Transfer exchanges utilizing their MTN mobile money.
The new platform (MoMo) has reached 2 million users as it is easy and secure, with no monthly expenses, you can also use it even if you don't have a bank account.
MTN has also recorded an increase in data revenue which it ascribed to “greater population coverage, a revamp of our data portfolio and initiatives to drive 4G device penetration”
MTN has launched its Mobile Money (MoMo) services in South Africa in partnership with Ubank.
“It is a great privilege for us as a bank to partner with a renowned brand such as MTN in working on a product which will create value for consumers in the under-serviced and under-banked segments of the market.”
The partnerships between MTN and Ubank will help the two companies to increase the lease of knowledge, expertise, and resources available to create better products and reach more audiences.
We improve on partnerships focusing on leveraging on existing infrastructure such as distribution systems sides for cost effective operations. Partnerships that aim to drive innovation by exposing prebuilt APIs. For instance, access to accounts, transaction history, know your customer, or metadata enhancements.
This partnership will help customers to make payments easily, they just need to enter the phone number connected to their mobile wallet on PoS, and by confirming the deposit, the customer receives the notice on their phone.
Driven by the belief that everyone deserves the benefits of a modern connected life, MTN is ramping up its efforts to enhance access to digital and financial services for its customers.
if someone doesn’t want to have that relationship but they want to microfinance, Kiva’s the best. For someone who’s interested in dialoguing and learning more and building relationships or having contact, this is where Mobile Movement becomes a new platform.
Since its founding ten years ago, Kiva’s micro-lending platform has helped entrepreneurs in emerging markets borrow $788 million from average Joes in increments as little as $25.
As of October 2017, 81% of Kiva's loans have been made to women.[19] Kiva emphasizes supporting women because women can gain the most from microcredit. Patriarchy and a strict division of labor still dominate the societies of many developing countries, and women often suffer the most from poverty because scarce resources are often allocated to a family's males, rather than its females.
As it is known that when a woman wishes to create or develop her own business, the chances of obtaining a business loan are strongly against her. So Kiva is now helping women make their dreams come true.
Kiva expands access to and lowers the cost of capital for small business owners by providing 0% interest, crowdfunded loans, raised from its network of 1.6 million supportive lenders around the world. Many of these lenders become borrowers' new customers, brand advocates, and biggest fans.
Worldwide, women have much less economic opportunity, security, and freedom. Support women starting their own businesses, going to school, and investing in the health of their communities and families.
Kiva has chosen an important point which is facilitating student loans. As we know, most of the time, students struggle to get financial services or loans. Besides, the company can be very successful since it has found a solution to one of the big problems that students may face.
Kiva partners with a range of organizations, including microfinance institutions (MFIs), social enterprises and nonprofits. Our partner organizations are united by a strong commitment to serving the needs of poor, vulnerable and/or excluded populations, either through financial services or by using credit to expand access to beneficial products and services.