MTN pilots mobile banking service in 5 countries (Africa)
www.WirelessFederation.com/news: MTN, African mobile operator is piloting mobile money transfer service in Benin, Congo Brazzaville, Guinea Bissau, Guinea Conakry and Liberia. The company said the pilots are aimed at finalising the systems and operational processes in preparation for the commercial launch.
MTN is in partnership with local banks to ensure that its services are fully compliant with financial services regulations. To meet the regulatory requirements, MTN is in talks with relevant authorities in various countries. MTN said that the successful launch of Mobile Money Transfer (MMT) in Uganda marks the beginning of a series of planned launches across its operations in Africa and Middle East. Non MTN user, i.e. those who do not have MTN Sim cards or even a phone can still receive money from MTN Mobile Money users and send money through a network of agents in their country.
