Zamtel set to launch mobile money in Zambia

Thursday 8 May 2014 | 15:26 CET | News
Zambia operator Zamtel plans to launch its mobile money transaction platform later in 2014, as the Bank of Zambia (BoZ) scrutinises its application. BoZ assistant director for payment systems Lazarous Kamanga said whereas the country currently had just two million activate bank accounts, active mobile money accounts had hit over 3.4 million, after growth last year of 144 percent. He said as part of the testing process, Zamtel had been allowed to pilot the proposed mobile money service among its workers, the Post of Zambia reported. Kamanga said the apex bank is considering a Zamtel

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Zamtel
Countries: Zambia
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Zamtel completes phase 1 of govt internet contract

Published 30 Oct 2014 13:29 CET | Zambia
Zambiann operator Zamtel has completed phase one of its exclusive provision of internet to all government ministries and agencies ...

Zambia has 3.4 mln mobile money accounts vs 2 mln bank a/cs

Published 12 Aug 2014 10:21 CET | Zambia
Zambia's central bank says the country now has 3.4 million mobile money accounts, compared with 2 million bank accounts. FNB head ...

Zamtel, FNB sign in-store banking deal

Published 12 Jun 2014 14:56 CET | Zambia
Zambian operator Zamtel had signed an agreement with the First National Bank (FNB) for in-store banking in selected Zamtel stores ...

Zambia reaches more mobile money than bank accounts

Published 29 May 2014 13:38 CET | Zambia
Airtel Zambia said its number of mobile money users reached 3.1 million, with over 450,000 transactions on a monthly basis, ...

Calendar   /   Industry Events

18 Oct Apple Event
19 Oct A1 Telekom Austria Q3 2021
19 Oct Tele2 Q3 2021
19 Oct Netflix Q3 2021
19 Oct Iridium Q3 2021
19 Oct Arm DevSummit
19 Oct Pixel Fall Launch
19 Oct Arm DevSummit
20 Oct Crown Castle Q3
20 Oct Verizon Q3 2021
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Telenor Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
22 Oct Doro Q3 results
22 Oct Ericsson Q3 2021
::: More Calendar Items