The banking sector recorded a slightly drop in their non-performing loans (NPLs) one percentage point to 6.5 per cent on year-to-year basis at the end of March. The ratio, one of indicators to measure soundness of banking sector, shows that the rate is well below the East African bloc rate of 8.0 per cent, but
Airtel Ghana, leading Telecommunication Network and multiple award winning company has added another first to its credits as it has rolled out an innovative service through their Airtel Money that allows a tap and pay, contactless payment based on the Near Field Communications (NFC) technology. Near Field Communication (NFC) technology is the global communication standard
The agent banking and mobile phone transaction are picking up while pushing up as demonstrated by increase the volume and value of transactions. The agency and mobile money have assisted financial sector penetration in the country to overtake its goal of reaching 50 per cent two years ahead of the deadline in 2016. At the
Guaranty Trust Bank (GTBank) and Etisalat have formed a strategic alliance aimed at connecting 55 million unbanked Nigerians in the next few months, through the mobile payment system, that will enable them open a Tier 1 bank account, using their mobile phones. Announcing the initiative in Lagos last week, both organisations said the partnership would
Sharing key payment trends and best practices from a global perspective but with dedicated focus on the APAC region. Global Payment Summit is a senior strategic ‘ for & by professionals platform, covering key trends in the payments /transaction space. Exchanging key trends, best practices and workable solutions from a global perspective and with a
Having supported the Korean market with EMVCo Level 1 compliance services for a number of years, FIME’s Korean secure chip test laboratory is now approved to test compliance of mobile handsets, chipsets and near field communication (NFC) antennae to Visa’s Level 1 specifications. This accreditation is FIME’s latest step in its roadmap to support manufacturers
Closing the loop for SMB bill payment automation, Entryless announced the addition of a payment system that extends the existing Entryless platform with a supplier payment system. To support their efforts, they have hired Sukanta Ganguly as CTO, a serial entrepreneur with experience in payments. Focusing on ease of adoption and priced in a revolutionary
Green Dot Corporation announced that it has entered into a new, long-term agreement with Walmart, whereby Green Dot Corporation and Green Dot Bank will continue to serve as the program manager and issuing bank for the Walmart MoneyCard suite of prepaid reloadable debit card products. The initial term of this new agreement is for five
Verifone announced that Westpac Banking Corporation (‘Westpac Group’) will be the first bank in Asia Pacific to deploy its new handheld EMV and NFC-enabled terminal solution that is fully supported with payment services from Verifone. With more than 13 million customers, Westpac Group is one of the largest financial services institutions in Australia and New
South African-based portable Point of Sale (PoS) service provider Nomanini has announced it has signed an exclusive agreement with Transactions Solutions Ghana Limited to substantially scale numbers of its cloud-based PoS terminals in Ghana. The partnership with TranSol signals Nomanini’s first scaled project commitment in West Africa, with the first batch of 100 pilot terminals
