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Interswitch Creates Holding Company and Spins Off Two Core Divisions

Interswitch Transnational Holdings, a pan-African integrated payment processing and transaction switching company, announces the spin-off, of two of its core divisions: Verve International  and Switching and Processing, as separate, autonomous Read More →

Absa Pilots Mobile Point-of-Sale Innovation

Barclays subsidiary, Absa has announced that its Payment Pebble, a mobile point-of-sale (MPOS) innovation, which aims to fundamentally transform the payment acceptance industry, is gearing up to enter its pilot Read More →

ABSA Launches Mobile Rewards Programme

Financial services Group Absa announced that South Africans on its Rewards programme can now instantly redeem their cash rewards on the mobile banking platform, Absa.mobi. Through the Absa.mobi site, Absa Rewards Read More →

National Bank of Kenya Rebrands, Unveils New Growth Strategy

National Bank of Kenya has re-branded itself as part of a new strategy aimed at transforming it into one of the top tier banks in the country in the next Read More →

Western Union Signs Money Transfer Agreement With AlexBank

Western Union, a leader in money transfer and global payment services today announced that it has signed an agreement with AlexBank, the Egyptian subsidiary of the Read More →

Equity Bank Appoints Chief Officer of Finance, Innovation and Technology

Equity Bank has notified the NSE, Capital Markets Authority and CBK of its decision to reorganize its finance function both at the Group level as well as the Kenyan subsidiary. Read More →

CIBN Restates Commitment to Development Finance

The Chartered Institute of Bankers of Nigeria has restated its commitment to the development of manpower for the banking and finance industry with a view to ensuring a virile industry Read More →

SIM Swap Fraud Growing in South Africa

SIM Swap Fraud is a term that has been doing the rounds in the South African media lately. It is a new style of cell phone banking fraud which uses Read More →

GTBank Wins 2013 African Bank of the Year

Guaranty Trust Bank plc was conferred with the 2013 African Bank of the Year Award by the African Banker Magazine at a well attended ceremony on May 29th, 2013 in Read More →

Standard Chartered Kenya Reports Profits of KShs 2.7 Billion for the period ended 31 March 2013

Standard Chartered Kenya has announced a pre-tax profit of KShs 2.7 billion for the period ended 31 March 2013. Total income remained flat at KShs 5.4 billion with loans and Read More →
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