www.WirelessFederation.com/news: A new system of making financial payments using mobile phones has been introduced in the nothern Somali region of Somaliland. Telesom launches Zad services which enables subscribers to send money to friends and relatives or pay bills just using their phones.
Even when the nation faces huge conflicts from past 18 years, the telecoms and money transfer sector have thrived across the nation. Telesom deputy director Mohamud Aden Ahmed-Hadeed reportedly said that the service would improve the lives of people and help develop the country.
“They can have access to their accounts with a Pin number and they can send money to anywhere, anytime. People can pay their bills or buy things from shops,” he said.
On 06.16.09, In Mobile, By Editor
On 06.09.09, In Mobile, By Editor
www.WirelessFederation.com/news: Zain, the leading mobile operator in Middle-East and African countries have inked an agreement with SCB to launch its mobile money transfer service Zap in Uganda. After receiving an approval from the Central Bank of Uganda, Zain has chosen Stanchart as Zap’s trustee bank. Zap which already is operational in Kenya and Tanzania offers mobile banking services such as money transfer, mobile airtime transfer, merchant and bill payments and international remittances.
Nearly 95% of the Ugandan population has no access to banking services of the country. With over a million of Zain subscribers in Uganda having the Zap menu enabled on their phones will enable them to use the service after registering. Zain will also soon enable its subscribers to make cross-border payments and transfers between Kenya, Tanzania and Uganda at no extra charge.