Chad cuts telecoms excise duty to bolster internet

Chad's plan to
grow internet

Country cuts telecoms excise duty.

Friday, Jan 17th

FNB Zambia launches mobile services app

FNB Zambia launches mobile services app.

First National Bank (FNB) Zambia has launched a banking app that offers business customers full access to a range of services via their mobile phones.

FNB Zambia Head of Business Banking Yokonia Ngoma said, "The app will also enable farmers and contractors with seasonal labour to make bulk payments to their staff without having to visit banking halls to make transactions. We are really enhancing the business experience of our customers and reducing the cost of accessing banking services."

FNB has operated in the Zambia market for 8 years and competes with Zanaco, Standard Chartered Bank, Barclays Bank and Stanbic Bank for market share.

Amid increasing competition and the advent of mobile payment systems, these companies are compelled to look more closely at the offer of online and mobile phone banking services.

According to a 2015 ICT survey by ZICTA (Zambia Information and Communication Technology Authority) 71% of Zambians access the internet via their mobile phones.

The Bank of Zambia has called on financial players in the Southern African country to increase the uptake of digital payments.

Bank of Zambia deputy governor for administration Tukiya Kankasa-Mabula said there is need for stakeholders to encourage the public to adopt digital payment solutions because they have multiple advantages to both service providers and the government.

ALSO ON ITWEB AFRICA

TerraPay, UBA Group announce remittance partnership Published on 06 January 2020

Deal will facilitate real-time money transfer services to customers in 20 countries.

Retailers look to Hybrid Cloud as they search for flexibility Published on 14 January 2020

According to the Nutanix Enterprise Cloud Index Report, the vast majority of retailers (87.5%) identified hybrid cloud as the ideal IT operating model.

Another setback for Uzi Zambia Published on 07 January 2020

Speculation mounts as officials and the company debate the launch of a network.