Sourced from PC Mag The Internet Service Providers’ Association of SA (ISPA) says that it welcomes moves by the Independent Communications Authority of SA (ICASA) to conduct a new ‘cost modelling exercise’ with regards to voice call termination rates and to introduce curbs on charges from local voice providers for terminating calls from outside of South Africa. The result is likely to be cheaper overseas calls and much-reduced phone fraud, says the Association representing over 200 Internet Service Providers (ISPs) members, many of which provide voice services. What are Call Termination Rates and how do they work: Call termination rates are the fees telecoms networks across the world levy on each other to ensure calls originally placed on another network can reach – or terminate – on their...
Image sourced from Kansas Discovery. Safaricom, a telecommunications provider in Kenya, confirmed that minors will not get access to loan services like M-Shwari and Fuliza. The Kenyan telco announced on Friday that it is introducing M-PESA Junior Accounts for individuals between the age of 10 and 18 years old. The company said that the minors will have access to the network via SIM cards registered under their guardians or parents. “We plan to soon launch an M-PESA Junior Product for our children who may have access to mobile phones,” Safaricom CEO Peter Ndegwa said. According to Techweez, M-Pesa makes the most money for the company, hence it wants to expand the scope of its M-Pesa services. It recorded a 30.3% YoY growth to KES 107.69 billion ($926.2-million). The total M-PESA transaction...
Managing Director of Citi Bank, Michael Mutiga, now part of Safaricom. Image sourced from Shava TV. Safaricom, a Kenyan telecommunications service provider, has hired the managing director of Citibank to be in charge of strategy and acquisitions. The telco is currently seeking regulatory approvals to launch insurance, unit trust, and savings products in an endeavour to compete with larger financial services and expand its mobile money platform M-Pesa. Michael Mutiga, MD of Citibank and head of corporate finance for sub-Saharan Africa from 2019 will be the new chief business development and strategy officer, according to an internal memo that was first seen by Business Daily. Mutiga will be replacing former Safaricom’s chief of special projects and acting chief business development and stra...