QR code is a means to an end, just like credit card...
That's why Nigeria snubbed Mpesa module. If Safaricom wanted to draw Nigerian attention they should've go there with more modern module rather than old text messing payment.
they snubbed yet close to 80% of them dont have a bank account....
disadvantage of being a monopoly, u don't think out of the box, they should see how Tigo is whipping the shit out of vodacom in Tanzania by coming up with more creative ways of paying bills.
disadvantage of being a monopoly, u don't think out of the box, they should see how Tigo is whipping the shit out of vodacom in Tanzania by coming up with more creative ways of paying bills.
Tigo Pesa app to launch in April 2018
March 5, 2018 • East Africa, Finance, Top Stories
Tanzania: Tigo Pesa app to launch in April
With over 40 million mobile users in Tanzania, there is a real opportunity to use technology to financially connect those not yet included. Tigo Tanzania, Mastercard and local fintech Selcom have partnered to introduce Masterpass QR on Tigo’s Mobile Financial Services platform, called Tigo Pesa.
Almost seven million registered wallet holders of the Tigo Pesa solution will be able to pay for goods and services before the end of the second quarter of 2018. By scanning a Quick Response (QR) code at merchants via their Tigo Pesa app using their smartphone, they will be able to make payment. Feature phone users can use the USSD menu and simply type in a unique merchant code available under the merchant’s QR code.
The partnership announcement during the Mobile World Congress marks the launch of the country’s first truly global interoperable QR payment solution, allowing payments by both mobile money users and banked consumers at locations displaying the Masterpass QR logo.
“Tigo Pesa is not only a payments enabler,” said Simon Karikari, Managing Director at Tigo Tanzania. “It is a platform where customers can perform a full range of financial services, where Masterpass is a strong addition to the range of products and services our customers can enjoy in their daily lives.”
Tanzania has made great strides in financially including its citizens in the past decade: the percentage of Tanzanians formally part of the economy was positioned at only 15.8 percent in 2009, but that number has jumped to over 65 percent in the last year, driven largely by the introduction of easily accessible mobile solutions such as Tigo Pesa.
Raghav Prasad, Division President for Sub-Saharan Africa, Mastercard said, “Findings released in the 2017 FinScope Tanzania report further indicate that one of the main drivers of access to financial services in Tanzania has been the adoption of digital financial services. A trend we are seeing across the continent, and in emerging markets globally.”
He went on to add that with over 85 percent of retail transactions still being done in cash in Africa, accessible and secure payment solutions are key to bridging the gap. This is further reinforced by local research which reveals that 89 percent of consumers are still receiving income and making payments in cash. “We need to urgently action the shift from cash to smarter digital solutions, and Tigo Pesa enabling Masterpass QR payments is allowing this goal to become a reality.”
“Tigo is a strong brand in the Tanzania market, with mobile financial services platform, Tigo Pesa, as a powerful driver to achieve financial inclusion across Tanzania. With the addition of Mastercard’s Masterpass QR solution we are not only able to further strengthen our offering and ensure secure payments for all users, but also to bring much faster and more convenient payments to the fingertips of our customers. We have a vested stake in ensuring the country’s prosperity and that of its people, where partnership will be critical to achieving this goal and introducing more efficient ways for consumers to engage with the world around them,” concluded Simon Karikari,
Managing Director at Tigo Tanzania.
Tanzania: Tigo Pesa app to launch in April 2018 | IT News Africa – Africa's Technology News Leader
Did you read the part where 89% of tanzania recieve income and make payment by cash?disadvantage of being a monopoly, u don't think out of the box, they should see how Tigo is whipping the shit out of vodacom in Tanzania by coming up with more creative ways of paying bills.
Tigo Pesa app to launch in April 2018
March 5, 2018 • East Africa, Finance, Top Stories
Tanzania: Tigo Pesa app to launch in April
With over 40 million mobile users in Tanzania, there is a real opportunity to use technology to financially connect those not yet included. Tigo Tanzania, Mastercard and local fintech Selcom have partnered to introduce Masterpass QR on Tigo’s Mobile Financial Services platform, called Tigo Pesa.
Almost seven million registered wallet holders of the Tigo Pesa solution will be able to pay for goods and services before the end of the second quarter of 2018. By scanning a Quick Response (QR) code at merchants via their Tigo Pesa app using their smartphone, they will be able to make payment. Feature phone users can use the USSD menu and simply type in a unique merchant code available under the merchant’s QR code.
The partnership announcement during the Mobile World Congress marks the launch of the country’s first truly global interoperable QR payment solution, allowing payments by both mobile money users and banked consumers at locations displaying the Masterpass QR logo.
“Tigo Pesa is not only a payments enabler,” said Simon Karikari, Managing Director at Tigo Tanzania. “It is a platform where customers can perform a full range of financial services, where Masterpass is a strong addition to the range of products and services our customers can enjoy in their daily lives.”
Tanzania has made great strides in financially including its citizens in the past decade: the percentage of Tanzanians formally part of the economy was positioned at only 15.8 percent in 2009, but that number has jumped to over 65 percent in the last year, driven largely by the introduction of easily accessible mobile solutions such as Tigo Pesa.
Raghav Prasad, Division President for Sub-Saharan Africa, Mastercard said, “Findings released in the 2017 FinScope Tanzania report further indicate that one of the main drivers of access to financial services in Tanzania has been the adoption of digital financial services. A trend we are seeing across the continent, and in emerging markets globally.”
He went on to add that with over 85 percent of retail transactions still being done in cash in Africa, accessible and secure payment solutions are key to bridging the gap. This is further reinforced by local research which reveals that 89 percent of consumers are still receiving income and making payments in cash. “We need to urgently action the shift from cash to smarter digital solutions, and Tigo Pesa enabling Masterpass QR payments is allowing this goal to become a reality.”
“Tigo is a strong brand in the Tanzania market, with mobile financial services platform, Tigo Pesa, as a powerful driver to achieve financial inclusion across Tanzania. With the addition of Mastercard’s Masterpass QR solution we are not only able to further strengthen our offering and ensure secure payments for all users, but also to bring much faster and more convenient payments to the fingertips of our customers. We have a vested stake in ensuring the country’s prosperity and that of its people, where partnership will be critical to achieving this goal and introducing more efficient ways for consumers to engage with the world around them,” concluded Simon Karikari,
Managing Director at Tigo Tanzania.
Tanzania: Tigo Pesa app to launch in April 2018 | IT News Africa – Africa's Technology News Leader
Explain further. I don't understand how cashless can create more jobs
Speaking one ape to another, travel widely and you'll realize the things you think are innovations in TZ happened elsewhere years ago.
So what are you saying exctly...with 'if they had other ways' ... b4 mpesa kenya still had a strong banking market... Mpesa came to be widely used because it was accecible to anyone ..something that banks have been unable to do... even in Nigeria with their interswitch, only 20% of the adult population..
Wrong, Ive use pay-pal I know now it works, first every user have to verify their details plus bank account, mind you in developed world, bank is still a king and work smoothly with other money business the likes of Paypall and Ebay and Amazon. Paypal is like Visa, you can recall any wrongly deposited payment. All they have to do is to instruct the receivers bank to send the money back to senders account. Unlike cronies like Safaricom when you loose your money some case you've not one to cry with but yourself. No insurance, no help.
Jamaa una machungu na innovations za waafrika sana. Itakuwa una inferiority complex.
Stop being asshole if 89% send money via cash transaction doesn't mean smartfone penetrative is 11%. Hide ur ukunya mentality.
No its not, labda huko Kenya, in the first world the money can be recalled eve if the account was left with zero. The next time you go to your account you'll see -$100 overdraft. If you query you'll be told the money was not yours and if it is, them prove that you know or had business with sender.