Xoom Corporation, a leading digital money transfer provider, announced the launch of its money transfer service to Singapore. Xoom customers can now send money online to bank accounts in Singapore via their U.S. bank accounts, credit cards or debit cards. Money can be sent to 10 local banks in Singapore, including DBS, POSB, UOB, OCBC
Stanbic Bank Tanzania has unveiled new modern touch-screen automated teller machines (ATMs), which are said to be the first of their kind in the country. “We are launching yet another first from Stanbic Bank,” said Farha Mohamed, Head of Self Service Channels. “Our new ATM’s are the latest version in the market, with the added
Dar es Salaam based I&M bank yesterday launched a three-month RICHES Campaign to encourage individuals, employees, students and businesspeople to open accounts for savings and other business requirements. Under the campaign, account holders with the bank will qualify for the monthly raffles through which winners will be awarded 20m/-. “All Tanzanians are welcome to open
The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World
ChamsMobile Limited, a licensed Mobile Money Operator, and Skye Bank Plc, have launched the first Virtual Visa Card in Nigeria. The Virtual Visa Card is an entirely digital payment card for online and mobile use, both locally and internationally. The card is unique in that cardholders get a full card image (the Virtual Card) on
EMVCo, the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes, has announced the appointment of Bastien Latgé to the newly created role of EMVCo Director of Technology. In the past decade, advances in the global payments landscape have
ACI Worldwide, a leading global provider of electronic banking and payments solutions, welcomes the nation’s leading community banks, credit unions, and industry partners and experts to its annual ACI Technovation Conference, September 14-16, 2015 in Chicago, Illinois. This year’s Technovation, held at the Fairmont Hotel Chicago Millennium Park, focuses on the industry’s latest digital banking
MobilArt, a digital B2B and B2C solutions provider, specialising in content for the mobile generation, has partnered with SLA Mobile, a mobile solutions provider, to offer Direct Operator Billing as a payment option to their customers. Based in India, Middle East & South Africa, MobilArt offers a wide range of content including web, mobile games,
SimbaPay a leading digital money transfer provider announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad. Money transfers made to Choice Microfinance Bank by Kenyans living abroad using SimbaPay will be free of transfer fees.
Although e-commerce is growing fast in South Africa and across the continent, the majority of the population in African markets is still excluded from buying online. This is no fault of online retailers or service providers – it is simply because many South Africans (and Africans) do not have their own bank account or a
