MobileMoney Limited (MML/MTN Momo) has successfully achieved the Global System for Mobile Communications Association (GSMA) Mobile Money certification. MML was robustly assessed against eight principles made up of detailed criteria set by the GSMA between November 2022 and May 2023. These principles include the Security of Systems, Data Privacy, Safeguarding … Read More
Mobile money accounts grew 13% to 1.6 billion in 2022 as daily transactions reached in value of US$3.45 billion, according to trade body the GSMA. Total transaction value grew by 22% between 2021 and 2022, from US$1 trillion to around US$1.26 trillion. The GSMA highlighted despite the success, 1.4 billion people … Read More
Hormuud Telecom has today been awarded with the country’s first Mobile Money Certification by the global mobile network operators’ industry body, GSMA for its EVC Plus product. Hormuud Telecom’s CEO, Ahmed Mohamud Yuusuf said: “Mobile money was first introduced to Somalia just 10 years ago, and the country has come … Read More
There is no doubt that 2019 was a big year for mobile money. Worldwide there are now more than a billion registered accounts, with almost $2 billion being transacted a day on average – and for the first time digital transactions represented the majority of mobile money interactions. In March … Read More
At both the macro and micro level, the social and economic impact of international remittances in developing countries is well documented. In 2018, the value of global remittance flows increased to $689 billion, of which $529 billion was to developing countries. In 2019, remittance flows to low- and middle-income countries are forecast … Read More
The GSMA is launching a global scheme for mobile money providers to offer safer, more transparent and more resilient financial services to millions of mobile money users around the world. The GSMA Mobile Money Certification relies on an independent assessment of a mobile money provider’s ability to deliver secure and … Read More
The GSMA Mobile Money Certification will be formally launched at the GSMA Mobile 360 Series – West Africa event in Abidjan on Thursday 12 April. The event welcomes high-ranking leaders from the mobile ecosystem, regulatory bodies, and governments from across West and Central Africa to discuss digitisation efforts across … Read More