BankTech

Mobile Money Tanzania via Vodacom and CBAs Banking Service, M-Pawa

Vodacom Tanzania and Commercial Bank of Africa (CBA) have launched a banking service named M-Pawa allowing Tanzanians to save and borrow money on their mobile phones. Similar to Kenya’s M-Shwari, launched by CBA with Safaricom, M-Pawa combines CBA’s banking platform with M-Pesa’s distribution system, which boasts over 65,000 agents across Tanzania....

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Payments

Skepticism around EMV adoption continues, awareness required

The EMV adoption is gaining traction slowly and many retailers/merchants are implementing EMV enabled POS. But it is noticeable that in the U.S. adoption of the chip based payment card technology has been slow. However, recently retail players like Target and Wells Fargo have increased their efforts in adopting EMV....

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