Quantum computing can solve some SKA problems, says IBM

Quantum to
help SKA
  
IBM suggests clear
case study.

ITWeb Africa

Tuesday, Jun 18th

Straight2Bank rolls out in Zambia

Straight2Bank rolls out in Zambia

Zambia's second largest mobile phone operator Airtel Zambia has partnered with Standard Chartered Bank Zambia to launch the mobile money wallet platform Straight2Bank.

The platform enables customers to instantly send money directly from their Standard Chartered Bank account to an Airtel money account as well as move funds from Airtel money account into the bank account.

Standard Chartered Bank Zambia head of Retail Banking Zambia and Southern Africa Sonny Zulu said, "With this service, clients are now able to effectively reach out to their beneficiaries with timely payments, while mitigating the risks of fraud and theft associated with cash payments. The unique proposition ensures that customers have the flexibility to transfer money from their accounts to mobile money wallets. In addition to this, the service can be accessed internationally giving clients the flexibility to make payments to mobile wallets and Standard Chartered accounts beneficiaries in Zambia while they are abroad."

Airtel Zambia's Chief Commercial Officer Apoorva Mehrotra said the partnership will help customers use mobile money ecosystems to pay and receive funds electronically from mobile phones, at any time and any location..

"Airtel is determined to contribute to the 2017 national financial inclusion strategy (by the Bank of Zambia) which supported institutions to leverage on digital technologies to reduce costs and expand financials services to both the formal and informal sectors," he said.

Airtel Zambia is the country's second largest mobile phone operator after MTN Zambia with close to 5 million customers.

According to the Bank of Zambia, only 40% of Zambia's 16 million people are banked.

ALSO ON ITWEB AFRICA

STC offers IPv6 to its client infrastructure and cloud services Published on 18 June 2019

Smart Technology Centre (STC) is one of the first Internet Service Providers (ISPs) in South Africa to roll out a full production Internet Protocol version 6 (IPv6) connectivity to its client infrastructure and cloud services platform.

Foreign suppliers of electronic services to South Africa may be obliged to register for tax Published on 06 June 2019

Simone Esch, senior tax advisor at Themis Law Chambers explains the impact of amended regulations regarding electronic services for purposes of the South African Value Added Tax Act.

Uzi brings much-needed competition to Zambia's telecom industry Published on 11 June 2019

Mobile phone subscription has increased, according to recent figures from the regulator.

Kenyan consortium launches mobile banking app Published on 22 May 2019

Mobile loan product Stawi introduced, backed by Central Bank of Kenya.