The Bankwatch

Tracking the consumer evolution of financial services

Monitise expands into the African growth mobile market

Monitise continues to grow, expanding into the African growth mobile market.

Monitise joins battle for East African m-banking customers, gets US$1.5m funding | Finextra

Monitise has been awarded US$1.5 million by the Africa Enterprise Challenge Fund (AECF) to help fund the launch of its mobile banking and payments service in East Africa.

Monitise East Africa will initially offer services in Uganda and then plans to expand into neighbouring countries, including Burundi, Democratic Republic of Congo, Ethiopia, Kenya, Rwanda, Tanzania and Zambia. The service will enable the provision of banking, payment and money transfer services by both banks and mobile networks, within the regulatory framework of each market.

Written by Colin Henderson

February 18, 2009 at 23:27

Posted in mobile banking, monitise

Tagged with , ,

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