CardinalCommerce, the global leader and pioneer in the remote payments industry since 1999, and Zooz, an industry-leading payments platform provider, are partnering to offer Cardinal Consumer Authentication (CCA) to the Zooz merchant base. Zooz enhances enterprise-class retailers’ payment infrastructure, enabling them to process transactions efficiently and flexibly for competitive rates across online and in-store channels.
FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced its readiness to support merchants in accepting Apple Pay. FIS currently secures and processes all card payments – including debit, credit and contactless – for Costa. It also supports Apple Pay – which Apple describes as an easy,
Equity Bank Group launched Equitel, a new mobile payment and banking platform for its customers –that officially brings to the fore the convergence between mobile and banking services in Kenya. The Bank has hailed its newest innovation as the answer to promoting greater access to banking services which currently stands at 53 percent of the
Ecobank Tanzania launched its annual customer service week, an opportunity for the bank’s senior management to interact with the customers. Ecobank’s Head of Domestic Banking, Mr Joyce Malai, said in Dar es Salaam that “Every decision that the bank makes revolves around customers, they are our biggest asset and therefore it is crucial to ensure
Standard Chartered Bank has partnered with Indosat to launch Straight2Bank Wallet in Indonesia. With the introduction of this new payment channel, Standard Chartered’s corporate clients in Indonesia – such as development organisations, multi-national corporations, non-bank financial institutions and fast-moving consumer goods (FMCG) companies – can now make cashless payments to banked and unbanked beneficiaries via
The Bank of Tanzania (BoT) has waived 80 per cent loan to deposit ratio restriction, a move aimed at enabling banks to extend more credit facilities to their clients. The BoT said the restriction was removed last year and banks allowed to lend without the previous ratio but control their liabilities versus assets. The BoT
The ATM Industry Association has announced the appointment of a payments expert to provide intelligence and foresight about the future evolution of payments and ATMs in the emerging ATM markets of Africa. The association has appointed Mr Andrew Dean, Managing Director of Calleo and co-founder of Payments Afrika, to oversee its industry committee work, including
In a bid to boost export earnings, Stanbic bank has assured the business community of the availability of pre-export finance to facilitate smooth trade flow. Stanbic bank Head of Trade Finance Mr Charles Kapufi said in Dar es Salaam that lack of cost efficient trade finance has been a hindrance for exploiting economic and employment
Transfast, a leading provider of online, cross-border p2p payments solutions, announced the expansion of its proprietary bank network into 23 African nations – the most extensive of its kind on the continent. Transfast’s network enables people in the U.S. and Canada, and soon from the U.K. and EU, to send money online or via mobile,
HomeSend, a joint venture between MasterCard, eServGlobal and BICS, announced an agreement with Dialog Axiata to make international remittance services available to millions of consumers across Sri Lanka. Dialog Axiata, Sri Lanka’s largest telecommunications provider, launched eZ Cash, which grew to become the world’s first inter-operable mobile money service with the advent of Etisalat and
