SimbaPay a leading digital money transfer provider – announced the launch of the first product in the world that allows Kenyans living abroad to make M-Pesa PayBill payments. This is a new addition to the existing SimbaPay platform. M-Pesa PayBill is an M-Pesa service that has previously only been available to Safaricom M-Pesa subscribers in
FINCA Tanzania that operated as a micro-finance institution for the past 17 years has been upgraded into a fully-fledged bank as ‘FINCA Microfinance Bank’. FINCA Microfinance Bank Chief Executive Officer, Mr Edward Greenwood, said in a press conference in Dar es Salaam that the development comes after successful operations and steady growth of the institution.
Zapp, the UK’s leading mobile payment innovator, unveils the new ‘Pay by Bank app’ paymark, the universal symbol indicating to consumers that a retailer or biller can receive an instant mobile payment directly from a bank app. Clicking the symbol online will automatically open a consumer’s bank app on their phone from which they can
Synchrony Financial is pleased to be among the first issuers to offer private label credit cardholders the ability to add their cards to Apple Pay, preserving the value and benefits those cards deliver for an easy, secure and private way to pay. As announced at the Apple Worldwide Developers Conference, Synchrony Financial retail partner, JCPenney,
First Data Corporation, the global leader in payment technology and services solutions, will support its clients’ integration of Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay, when it launches in the UK next month. “Following the successful launch of Apple Pay in the U.S. last year, First
FNB announced that it has become the first bank to offer its own SIM cards to its customers from 15 June 2015. Currently FNB offers ADSL and 3G data rewards through its FNB Connect offering, which will now be expanded to include mobile voice and data products. The bank is already established in the telecommunications
Equitel, Airtel’s first ever MVNO in partnership with Equity Bank has signed up over 800,000 subscribers and is targeting to sign up 100 million in the next 10 years. The firm has also said it will expand its service to over 15 countries across Africa where Airtel has a footprint. “We already have 800,000 accounts
Steward Bank, a subsidiary of Econet Wireless has introduced a new banking concept. The new model, known as correspondence banking, is a system where a financial institution provides services on behalf of another equal or unequal, financial institution. Through correspondence banking, the financial institution can conduct business transactions, accept deposits and gather documents on behalf
TSYS announced it will help support secure transactions and facilitate enablement for issuers in processing transactions from Apple Pay, the easy, secure and private way to pay, when it launches in the U.K. next month. Through TSYS Enterprise Tokenization, the company’s plug-and-play tokenization solution, issuers as well as retailers can take full advantage of Apple
FIME’s operation in EMEA has been accredited by Discover to certify that EMV chip cards and terminals meet the functional requirements outlined by the payment system in its D-Payment Application Specification (D-PAS) and Discover Network Zip Payment Specification. Following in the footsteps of FIME in America, the Discover accreditation of FIME in EMEA significantly expands
