If an existing customer wishes to take up a new product or service, the bank must first verify the customer’s details. Any person who wants to open a new bank account is required to provide the relevant documentation to validate their information when opening the bank account. Banks are required to hold the latest and
Kamran Zaki, president, North America. “We are dedicated to bringing innovation to the world of payments and meeting our rapidly evolving customer needs.” In this Forrester Wave™, Forrester evaluated vendors that are able to package and sell enterprise merchant payment processing or gateway capabilities either as a standalone product or as merchant acquirers with native
1. With mVisa, merchants are now able to receive electronic payments in a cost-effective way, without the need for point-of-sale terminals. They can receive payments directly into their bank accounts, within minutes of the consumer making a payment and provides real-time notification to both parties. Unlike other mobile payment services mVisa can also handle refunds
WorldRemit launches instant overseas remittances to MTN Mobile Money accounts in Cameroon. With the WorldRemit app or website, the Cameroon diaspora can send secure money transfers direct to the phones of their friends and relatives in Cameroon – meaning no more long journeys to money transfer agents. WorldRemit sends more money transfers to Mobile Money accounts
Financial inclusion initiatives at the heart of global ATM market expansion The number of ATMs worldwide rose by 5% in 2015, to reach 3.2 million at the end of the year, according to RBR’s new study Global ATM Market and Forecasts to 2021. The Chinese and Indian markets, where authorities are urging banks to roll
Daniel Monehin shares his views on the importance of mobile technology, partnership between the public and private sector as well as the need for Africa to move beyond cash. Accessibility to practical financial solutions is key to shifting Africa’s dependency on cash, and with the continued adoption of mobile devices on the continent, we envisage
Take payments anywhere, any time Three different payment options: free ZipZap, buy outright or a rental option Boost sales as paying by card encourages impulse purchases and higher spend Convenience – customers have more payment options There is no risk of non-payment Transactions are secure and inexpensive Re-chargeable credit card machine with long battery life
In-store on the way out? Brick-and-mortar stores are under threat from all angles. From a payments perspective, the in-store checkout experience is increasingly incompatible with modern lifestyles and expectations. For example, 86% of consumers avoid stores with long queues, and frustration with waiting in line costs retailers billions in revenues each year. Too many retailers
