Foreign news
Chinese technology helps Kenya improve mobile payment service
Chinese technology has helped M-Pesa, an electronic mobile payment platform, to maintain smooth operations in Kenya.
Launched in 2007, M-Pesa has gained popularity because of a special function that allows users to transfer money and make payments using a phone service even when they do not have a smartphone or their phone cannot connect to the internet.
“I think M-Pesa has revolutionized payment in Kenya. It’s very easy for me to make payments,” Miller, a hotel manager, told China Media Group (CMG).
“I can pull money from bank and put it in my M-Pesa account and use it when I want – in a restaurant, in a supermarket, paying bills directly from my phone. For the same thing, at the mall and also for the hotel and apartments, it’s very easy for our guests to pay,” Miller said.
However, a rapidly growing users base has brought technical challenges to the service. In 2012, due to a large number of users and insufficient platform capacity, the withdrawal service often used to crash on Fridays.
Chinese technology helped the operator build a more stable and powerful second-generation M-Pesa mobile payment service.
“We worked with them to build up the platform which can support tens of millions of users to use the ‘mobile pocket.’ Its business success rate has greatly increased and the time for breakdown every year has been dramatically reduced,” Meng Wei, head of the Kenya representative office of a Chinese technology provider, told CMG.
The Chinese technology provider also makes efforts to improve user experience and develop more services.
“The M-Pesa has integrated a strong ecosystem in which users can book train tickets and flights on the platform. We hope to use Chinese technology to help people of Kenya to fully enjoy the development of digital economy. We believe that in the era of digital economy, no one should be left behind,” said Meng.
Foreign news
Pakistan Moves to Deepen Diplomatic, Economic Relations With Nigeria
The Government of the Islamic Republic of Pakistan has called for deeper diplomatic and economic ties with the Nigerian government to foster development for both countries.
Mr Rana Ihsaan, the Coordinator to the Prime Minister of Pakistan made the call in an interview with the News Agency of Nigeria (NAN) during his working vist to Nigeria on Wednesday in Abuja.
NAN reports that the visiting Coordinator held a closed-door meeting with Yusuf Tuggar, the Minister of Foreign Affairs.
After the meeting, he said that both both sides had agreed on deepening relations in the areas of trade and commerce, among others.
Ihsaan said that both countries must see the need to accelerate efforts towards a Bilateral Trade Agreement (BTA).
He said that Pakistan had already submitted a draft BTA and was awaiting Nigeria’s response.
According to him, discussions centered on easing visa processes, expanding educational exchanges, and strengthening Cooperation in sectors such as Minerals, Youth training, and Defence were highlighted.
Ihsaan said that Pakistan had already implemented visa-on-arrival for Nigerians at no cost, and urged Nigeria to reciprocate to enhance people-to-people ties.
He stressed the importance of high-level engagements between both nations, describing Nigeria and Pakistan as very similar countries with large populations, youthful demographics, and vast economic potentials.
“Deeper collaboration will unlock opportunities in trade, education and investment, while further solidifying long-standing diplomatic relations,” he said.
He said that aside from visiting the foriegn Minister and other top government officials in Nigeria, he was also in the country to attend the on-going West Africa Beauty Exhibition holding in Lagos.
He described the exhibition as one of the continent’s largest cosmetic fairs, adding that he led a delegation of 19 Pakistani business people exploring Nigeria’s estimated 10 million dollar beauty and cosmetics market.
Ihsaan said that Nigeria was a gateway to Africa, adding that Pakistani products, like cosmetics, Textiles, Pharmaceuticals, Food items and Sports goods were already gaining traction in the country.
He encouraged Pakistani exhibitors to establish offices, Warehouses and logistics partnerships to strengthen their foothold in the Nigerian market.
Ihsaan further addressed concerns from Nigerian businesses on the ease of doing business in Pakistan.
He said that the Trade Development Authority of Pakistan had been supporting Nigerian participants at major exhibitions to achieve the ease of doing business.
“The Special Investment Facilitation Council (SIFC) serves as a one-stop platform for Nigerians interested in investing in Pakistan,” he said
Culled from NAN
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