Daily Monitor
Thursday May 27 2021
Summary
Mobile money companies, which already operate payment service providers and payment systems operator platforms, will be required to obtain two licences each at Shs25m.
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Bank of Uganda has set Shs25m as the amount that telecoms will have to pay in annual licence to operate as a payment service providers or payment systems operator.
The two services are classified separately, which means that a telecom that wishes to operate both will have to pay a combined sum of Shs50m annually.
Telecoms are already operating as payment service providers and payment systems operators, which means they will be required to have the two licences. The fees are contained in the National Payment Systems Regulations 2021, which effectively split mobile money operations from telecommunication services.
Sourced from Comms MEA
Airtel Kenya has partnered with ePharmacy platform, MyDawa, so that subscribers can have easy and fast access to their medication.
According to
Gadgets Africa, Airtel subscribers will be able to log on to the MyDawa app or website without incurring additional data charges. They will also be able to use Airtel Money to pay for medicine, health, wellness, personal care and other essential items.
“This is a great partnership that will increase the access to healthcare products in Kenya. We are happy to partner with Airtel, one of the top telecommunications service providers in the country, to ensure that their subscribers are able to access quality medical products in a convenient and affordable way,” says Tony Wood, MD of MyDawa.
Daily Monitor
Monday May 24 2021
Telecoms will now be required to register new businesses under which mobile money shall be operated. PHOTO | FILE
Summary
The licences, which were issued at the weekend by the National Payment System department at Bank of Uganda, will seek to ensure overall effectiveness and integrity of payment systems in the country, including mobile money.
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Mobile money has been split as a standalone business which, going forward, will be regulated by Bank of Uganda as a financial service.
The move, which effectively takes mobile money away from telecom service operations, regulated by Uganda Communications Commission, has now been implemented with the issuance of financial services operator licences to Airtel Money, which will trade as Airtel Mobile Commerce Uganda and MTN, which has placed its mobile money business under MTN Mobile Money Uganda.
South Africa’s telecoms operator Vodacom Group has received offers from parties interested in buying into its continental mobile money platform M-Pesa at a major premium. Chief executive Shameel Joosub made the disclosures to analysts on Tuesday last week, according to a transcript of the conference call. He said that the multinational has not taken advantage of the offers, adding that they will be considered in about three years if the value of.
Vodacom gets M-Pesa platform buyout offers businessdailyafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdailyafrica.com Daily Mail and Mail on Sunday newspapers.