Morocco: Inwi announces its Mobile Money service for September
Monday, 17 June 2019 19:33
In Morocco, the mobile operator Inwi announced it is launching its Mobile Money service Wana Money by next September.
Information was disclosed by Nicolas Levi who managed Wana Money, Inwi's subsidiary dedicated to the service, during the MPay Forum held last week in Casablanca, Morocco.
Inwi says it looks forward to providing its customers, but also all mobile phone users, with a wide range of mobile financial services thanks to the breadth of its “network and brand strength.” The telecom company will launch its Mobile Money service in a market already operated by competitors Maroc Telecom and Orange. This means stiffer competition on this segment that will contribute to greater financial inclusion in Morocco.
Mobile Money, a project in development since 2017 and led by the Central Bank, Bank Al-Maghrib (BAM) and the National Telecommunications Regulatory Agency (ANRT), finally became a reality in November 2018. Eleven licenses have been granted by Bank Al-Maghrib to various companies.
Live News
-
Libya’s Oil Output Reaches Decade High, Moves Closer to Pre-2011 Capacity
18:39
-
Rising Oil Prices Push 29 African Currencies Lower After Middle East Conflict
18:15
-
Morocco More Than Doubles Renewable Capacity in a Decade, Driven by Wind
18:07
-
In Africa, Banks Face a New Rival: Telecom Operators
17:51
-
Cameroon’s LNG Export Earnings Hit Three-Year Low at CFA350 Billion
17:44
-
Cameroonian SMEs invited to India trade forums to explore market opportunities
17:03
-
Ogou 1 adopts formal waste management and sanitation policy
16:19
-
African lawmakers meet in Lomé for APF regional conference
15:54
-
Togo and Burkina Faso Step Up Coordination on Lomé-Ouagadougou Corridor
15:39
-
Togo’s meat self-sufficiency reaches 68% in 2025, led by poultry growth
13:15
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Libya oil output reaches 1.43 million barrels per day Production nears pre-2011 levels as operations stabilize Oil dominates economy,...
29 African currencies weaken amid Middle East war, oil surge Rising import costs, debt pressures fuel inflation, food risks Institutions urge...
Morocco renewable capacity doubles to 4,851 MW by 2025 Wind leads growth; solar expands, hydropower remains stable High energy import...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...