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Eastern Africa

First National Bank Tanzania Sets to Go for Point of Sale

The First National Bank Tanzania (FNB) has launched a point of sales (POS) in Dar es Salaam as a move to enhance proper use of bank cards. According to the statement released Read More →

National Microfinance Bank Touts Digital Banking

National Microfinance Bank (NMB) has said an efficient use of digital banking will facilitate easy access to banking services for all Tanzanians and increase financial inclusion. The NMB’s Managing Director Ms Ineke Read More →

Partnership Boosts Development of Rwanda’s Digital Payment Ecosystem

Mastercard and Guaranty Trust Bank Rwanda Ltd (GTBank Rwanda) are building on their long-standing partnership in Rwanda by introducing a suite of digital payment solutions, aimed at extending the demand Read More →

Equity Bank Unveils A Customer Led Digital Bank

“Customers’ banking trends have declared the death of the bank branch as transaction channel, as they increasingly embrace self-service technology platforms that give them freedom, choice and control.” Dr. James Read More →

KCB Reviews KCB M-PESA, Cuts Rates And Resumes Lending On The Mobile Platform

KCB Bank has enhanced the capacity of its flagship mobile platform KCB MPESA, cut interest rates and resumed lending on the product, effectively boosting the lender’s financial technology agenda. KCB Group Read More →

Mastercard Survey Shows Kenyans Want More Digital Services

Almost 90% of consumers in Kenya use their mobile phones more than any other device according to the new Mastercard’s Impact of Innovation study. Preference for mobile payments remains very high Read More →

Mastercard, Bank of Kigali and RwandaOnline Help Rwanda Leapfrog into the Digital Economy

Mastercard, Bank of Kigali and RwandaOnline announced at the technology company’s Innovation Forum in Budapest, Hungary a partnership to launch Irembo– an online payment solution in Rwanda Read More →

Court Orders Bank of Tanzania Governor to Explain Payment of 92bn/-

The High Court has ordered the Governor of the Bank of Tanzania (BoT) and Statutory Manager with FBME Bank Limited to give accounts how the decree for payments of over 92bn/-given Read More →

Digital Payments Could Boost Tax Revenue by US$500 Million and Drive Economic Modernization in Tanzania

A new study  from the United Nations-based Better Than Cash Alliance provides findings about the large potential gains for governments, businesses and citizens when digitizing payments.

Many emerging economies Read More →

Stanbic Bank in Dar Es Salaam Introduces SMEs Centre

Stanbic Bank has launched a new centre which offers full range of banking services to SME’s to provide more convenient services to entrepreneurs. The new centre dubbed Enterprise Direct,comes up with a Read More →
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