Mwalimu Commercial Bank (MCB), expects to open doors to the public in May, 2016, with a capital of 31bn/-. The bank’s Project Manager, Mr Ronald Manongi, told journalists just after the listing of the bank at the Dar es Salaam Stock Exchange (DSE),recently that all arrangements were going on well. The first branch will be
FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the closing of its acquisition of SunGard, one of the world’s leading financial software and technology services companies. The acquisition uniquely positions FIS to offer a broad range of enterprise banking and capital markets capabilities that will further
Gemalto, the world leader in digital security, announced that its SafeNet Luna EFT (Electronic Funds Transfer) Payment HSM (Hardware Security Module) supports new standards from the major credit card networks for secure implementations of contactless payments via mobile phones. The SafeNet Luna EFT device is able to deliver on highly secure cloud tokenization requirements in
Seamless, listed on Nasdaq Stockholm, has concluded an agreement with Dwolla, a US company offering a new and innovative payment platform. The agreement will enable money transfers between private individuals, also known as peer-to-peer, across the US via the digital payment solution SEQR. It is expected that the launch of peer-to-peer in the North American market, supported by
Power outages should no longer prevent you from accessing your cash – that is if you use Stanbic Bank’s ATMs. The Bank has rolled out what it believes to be the first solar powered offsite ATMs in the country. The solar powered ATMs have been rolled out to provide a reliable, cost efficient alternative to
The National Bank of Ethiopia (NBE) has announced that by the end of this fiscal year, Ethiopians would be able to use one ATM and cheque across all banks in the country. Teklewold Atnafu, NBE Governor, said this week that the new system has been finalized and is ready to be implemented. According to Fanabc,
The e-commerce shopping experience is increasingly becoming a popular option for consumers during the festive season. Retailers therefore need to pay careful attention to their supply chains during this period, as operations and delivery are key to client satisfaction, maximizing brand exposure and increasing revenue. Oliver Facey, Vice President of Operations for DHL Express Sub
MasterCard launched the global digital wallet MasterPass in Sweden – the first Nordic country to do so. Nordea, SEB and Swedbank are the first banks to issue MasterPass, making the digital wallet available for Swedish consumers. With MasterPass, consumers can easily store all their cards and shipping addresses digitally, making their online shopping safe, simple
UnionPay International, la plus vaste société de carte de payment Mondiale avec 5 milliards de cartes en circulation à annoncé un accord avec le groupe bancaire et services financiers La Société Générale qui lui donne une entrée immédiate dans huit pays Francophones: Madagascar, Bénin, Côte d’Ivoire, Burkina Faso, Cameroun, Guinée, Sénégal et Chad. Les cartes
WeChat has extended its features in South Africa with the introduction of the WeChat Wallet, a digital wallet service. Like a physical wallet, you can securely store your bank cards and make instant cash payments within WeChat with the new feature. With WeChat Wallet, users can electronically send cash to friends and family, just like
