Browsing Tag

payment

Somalia’s Upper House Passes National Payment System Bill

Somalia’s Upper House passes National Payment System Bill, clearing path for payments oversight law MOGADISHU — Somalia’s Upper House of Parliament on Monday overwhelmingly approved the National Payment System Bill, a keystone measure designed to regulate the country’s fast-growing digital payments industry and strengthen consumer protection in a mobile-money-driven economy. Parliamentary officials said the bill passed during the 14th session of the Upper House’s seventh sitting with 28 senators voting in favor and none…

“InTouch”, jack-of-all-trades of digital payment

Fintech InTouch was created in 2014 in Senegal and has become one of the pan-African leaders in the acceptance of payments and distribution of digital services. It offers a single payment platform that enables merchants and companies to accept all means of payment. Now present in ten countries on the African continent, it wants to support the boom in the digitalisation of services and democratize…

DRC: advance payment of electricity does not convince

Ten years ago, the national electricity company SNEL experimented with an advance payment system for network subscribers. This system was intended to solve the problems of consumer fraud and to replenish the corporate coffers. Is the experiment crucial? From our correspondent in Lubumbashi, In the Katuba municipality of Lubumbashi, the subscribers of the national electricity company SNEL have been consuming electrical energy in advance for one year. Before this period, invoicing was monthly and fixed, ie. almost $ 20.…