France has hit Google with a 500 million euro fine for refusing to comply with earlier orders to negotiate with news publishers on copyright issues. It seems like Google will eventually be doing what they were running away from in the first instance, paying news publishers.
In today’s edition:
Flutterwave lands Visa and MTN Veteran
CBN releases guidelines for mobile money services
Egypt’s Yodawy raises $7.5 million
It’s my last week in Ghana and I’m wrapping up my visits.
Yesterday, after a conversation with a friend from Nigeria about the eCommerce space, I compared the Jumia website for Ghana to that in Nigeria
As always there’s a difference. I noticed they displayed the fact that people can return goods purchased on the homepage. In Ghana, the timeline for this is 15 days while in Nigeria it’s seven days. I wonder why?
I visited Glovo’s Ghana office which occupies a section of the Impact Hub. The Spain-headquartered on-demand delivery platform which is present in 200 cities across the world launched four months ago in Ghana. Currently, there’s a lot of marketing to create more awareness. Glovo is currently hiring in Nigeria, Ghana, Morocco, Uganda, and Tunisia, a hint of its expansion plans.
Ben Enwonwu, Ibraham Mahama and Pablo Picasso are all shaking right now. I should auction this painting. I took a stab at painting with a friend and it turned out better than I expected!
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FLUTTERWAVE HIRES EX-VISA AND MTN VETERAN TO LEAD ITS GOVERNMENT AFFAIRS
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MOBILE MONEY OPERATORS CAN ISSUE CARDS BUT NOT LOANS OR INSURANCE, CBN SAYS
Nigeria’s apex bank has moved to improve the public’s access to mobile money services in Nigeria.
A new framework
Released on the 9th of July, the Central Bank of Nigeria uploaded its Framework and Guidelines for Mobile Money Services to its website. The 40-page regulatory framework aims to help Nigerians access financial services and products through mobile money.
The new framework pushes forward consumer protection measures as well, compelling operators, in Section 18. (f), to resolve all customer complaints within forty-eight hours.
While the framework provides a list of sanctions against operators that fail to put these measures in place, it neglects to provide details on how consumers will be compensated when a sanction is evoked.
Who is concerned?
The framework regulates the activities of everyone involved in the mobile money ecosystem, from the mobile money operators to banks, telecommunications companies, agents, and consumers.
It also lists permissible and non-permissible activities under its business rules, allowing mobile money operators to create wallets and even issue cards while prohibiting them from issuing insurance or accepting foreign deposits.
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