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Michael Jordaan to Step Down as CEO of South Africa’s First National Bank

The Board of FirstRand Limited announced that Jacques Celliers will succeed Michael Jordaan when he steps down as CEO of First National Bank at the end of this year to Read More →

Earthport Builds on Cross-Border Payments Network with First Route into North Africa

Earthport, the UK listed cross-border payments service provider, today announced the roll out of a fully automated payment service into Morocco. According to the release Morocco is one of the top Read More →

iPayment Selects ROAM to Deliver Mobile POS Solutions

ROAM, an Ingenico company and mobile commerce platform provider, and iPayment, Inc., a leading acquirer (and a registered ISO/MSP of Wells Fargo Bank, one of the USA's largest banks), announced a Read More →

Vantiv and NCR to Bring Mobile Point-of-Sale Solutions to Small Businesses

Vantiv, Inc. announced today a strategic relationship with NCR Corporation, to bring mobile point-of-sale (POS) and payments solutions to the small business market. Vantiv services nearly 400,000 merchant locations across the Read More →

Kenyan Banking Sector Records Improved Performance in 2012

The Central Bank of Kenya says that generally, the banking sector was sound and stable and recorded improved performance in 2012 as indicated by Total net assets which increased by Read More →

Visa Mobile POS Boosts Travel and Tourism Businesses in South Africa

Visa’s new mobile point-of-sales (mPOS) device that makes it much easier and cheaper for smaller and medium enterprises (SMEs) to accept card payments, was showcased at the Visa stand at Read More →

Amazon Launches Virtual Currency for Kindle Fire Customers

Amazon has announced that customers can now use Amazon Coins to purchase apps, games and in-app items in the Amazon Appstore and on Kindle Fire. To celebrate the launch, existing Read More →

Cambria Africa to Put US$2m into Payserv to Grow Payment Systems Offerings in Zimbabwe and Zambia

Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half Read More →

ABSA Launches Multi-Currency Prepaid Travel Card

Absa Bank, a subsidiary of Barclays has launched Multi-Currency Cash Passport - South Africa’s first reloadable prepaid travel Multi-Currency Card. The card allows cardholders to load multiple currencies on the same Read More →

Nedbank Expands into Mozambican Banking Industry with Banco Unico

Nedbank is entering the Mozambican banking market by acquiring an initial 36.4% shareholding in Banco Unico for $24.4m, subject to various conditions and regulatory approvals both in Mozambique and South Read More →
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