TIB Development Bank has emerged winner in the Financial Institutions category at the ongoing 39th Dar es Salaam International Trade Fair for two years in row. Having recently acquired their licences to operate as a development and commercial bank under TIB Development Bank and TIB Corporate Finance respectively, the bank is now ready to provide
Xoom Corporation, a leading digital money transfer provider, has expanded its service to include Austria, Belgium, Greece and Portugal. Xoom offers fast deposits and can deposit money in as little as 24 hours when customers send by 4:00 p.m. IST (Irish Standard Time). Transactions submitted after that time will be deposited in two business days.
A new agreement between Transaction Network Services (TNS) and Verifone has been established to help merchants enhance payment data security with streamlined, expedient point-to-point encryption (P2PE) technology deployment. The two companies, which began working together more than six years ago, are integrating their complementary payment security solutions to provide complete end-to-end protection for in-store payment
The Western Union Company , a leader in global payment services, in collaboration with the MTN Group, a multinational mobile telecommunications company servicing 229,2 million customers in 22 countries, announced the launch of a new mobile money transfer service in Rwanda and Ivory Coast. The new service allows MTN customers in both countries to receive
United Bank for Africa (UBA) Plc has introduced a simple, convenient and hassle free process for customers of the bank to submit their Biometric Verification Numbers (BVN). Leveraging on its robust information technology infrastructure, on Monday July 6, 2015 the bank launched a short code number *919*6# through which customers can send their BVN. “The
Wirecard Group has announced a partnership with MyOrder B.V. (a Rabobank Company) for the issuance of contactless mobile cards based on host card emulation (HCE) technology. MyOrder is a mCommerce platform with value added services like mobile ordering and loyalty services. By adding virtual cards for mobile point-of-sale payments to the platform, MyOrder is able
MasterCard announced the appointment of Porush Singh as Division President for South Asia while Julienne Loh has been appointed to the role of Senior Vice President and Group Head, Core Products, Global Products & Solutions for Asia Pacific, effective immediately. In his new role, Porush will lead the South Asia team to drive core business
Cardtronics, Inc., the world’s largest retail ATM owner / operator, completed its acquisition of Columbus Data Services, LLC on July 1. Founded in 1999 and based in Dallas, Texas, CDS is a leading independent processor of ATM and payment card transactions, providing leading-edge solutions to ATM sales and service organizations and financial institutions. CDS will
African Development Bank (AfDB) and Equity Bank (Kenya) Limited (Equity) have signed an agreement for a US $148-million multi-sector senior Line of Credit to facilitate onward lending to key economic sectors in Kenya. The Line of Credit (LoC) extended to Equity Bank Kenya by AfDB is expected to boost Kenya’s private sector development through financing
After five years of laying down the groundwork, the National Bank of Commerce (NBC) has finally started giving out loans through its Islamic Banking Window, it was announced. The bank officially started issuing Shariah-complaint loans — under its five-year old Islamic Banking Window — six months ago, Business Development Manager, Mr Eddy Mhina said at
