The financial services provider hopes to restart its expansion plans into the African continent and says this time Kenya could be the place to begin.
South Africa's banking and cellphone giants are in a battle to reach the 11-million people in the country with no bank accounts.
There is huge demand for e-commerce facilities in East Africa but the market is still in its infancy, says PayGate marketing director Robin Philip.
Africa is enjoying an increase in mobile services, but there is an urgent need to regulate the industry, writes Lloyd Gedye.
Africa's booming mobile market's edge lies in its role as an innovative hub for new products in the banking, health, education and commerce sectors.
Africa's burgeoning cellphone banking system is being pressed into service to help with treatment for the debilitating condition obstetric fistula.
Wry laughter greeted U2 frontman Bono's closing statements at a symposium held to bring together Africa's best and brightest this week.
To 28-year-old Kenyan Mary Wanjiku, her cellphone is not just a cellphone. It is also a cheap, safe and easy way of sending her mother $40.