NXP and Qualcomm Collaborate to Accelerate Adoption of NFC and Security in Mobile, Wearable and Internet of Things Devices

Posted on by Staff Writer | 6047 Views | 9 min read

NXP Semiconductors N.V. announced that Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, will integrate NXP’s industry-leading near field communication (NFC) and embedded secure element (eSE) solutions across Qualcomm Snapdragon 800, 600, 400 and 200 processor based platforms. Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. The agreement will enable the rapid introduction of

Banking Africa’s Unbanked – Time For A Reality Check

Posted on by Staff Writer | 6481 Views | 25 min read

Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is made about the topic, you would be forgiven for thinking we had fixed the problem when we really haven’t. According to the World Bank, today, 62 per cent of the world’s

Thieves, Pills & Tattoos: Another Side to Mobile Payments

Posted on by Staff Writer | 6031 Views | 16 min read

For years authentication has been a thorny issue for banks and financial institutions, particularly in the world of mobile services. To date, these organisations have focused on building two of the three primary sources of authentication data into their products and services, namely ‘something you know’, like a password, and ‘something you have’, like a

Axis Bank Launches Ping Pay, in Partnership with Fastacash

Posted on by Staff Writer | 10849 Views | 16 min read

Axis Bank, India’s third largest private sector bank unveiled ‘Ping Pay’, a unique multi-social payment solution to enable customers, specially the youth and smart phone users, to transfer money and mobile recharge, person-to-person, including to non-Axis Bank account holders, using social and messaging channels like WhatsApp, Facebook, Twitter, Email and Phone Contact lists. The person-to-person

CRDB’s Bank Agents Mobilise Hefty Deposits

Posted on by Staff Writer | 8584 Views | 10 min read

CRDB Bank has managed to mobilise 254.4bn/- deposits through agent banking which was an increase of over 700 per cent in 2014. The bank’s FahariHuduma agent banking scheme was introduced in 2013 and in the first year managed to mobilise 31.7bn/- deposits. The agent banking though in its nascent stage has managed to recruit 1,067

The Impact of Bitcoins For Retailers: PayCash and Kraken Present at the 2015 EHI Card Congress

Posted on by Staff Writer | 2369 Views | 7 min read

PayCash Europe S.A. and the leading Bitcoin exchange in Europe – Kraken.com – meet at the 2015 EHI Card Congress in Bonn explaining the importance of Bitcoin in the retail market. The “Bitcoin accepted here” stamp invites customers of Microsoft, Overstock, Expedia, Dell, Holiday Inn and more than 38,000 other companies to pay with Bitcoin.

Foodservice Fraud – A New Frontier for Thieves

Posted on by Staff Writer | 7668 Views | 16 min read

Restaurants, retail, healthcare, education – no industry or company is immune to a potential data breach. It was reported that Harbortouch, a leading national supplier of point-of-sale (POS) systems, was the latest company to fall victim to a data breach. Harbortouch disclosed that a breach involving “a small number” of its restaurant and bar customers

KCB M-PESA Account Enrolls 1 Million Customers Within a Month

Posted on by Staff Writer | 10580 Views | 10 min read

The revolutionary mobile banking product launched last month between KCB and Safaricom, dubbed KCB–M-PESA has hit a major milestone by reaching 1 million accounts, just a month after it was launched. The account signed their 1 millionth customer this week with both firms indicating that the mobile financial product has in excess of KShs. 700Million

Over 27% of Global Online Transactions are Now on Mobile Devices

Posted on by Staff Writer | 7230 Views | 15 min read

Adyen, the global payments technology company, published its quarterly Mobile Payments Index (MPI), which tracks mobile payment data from web-based transactions across Adyen’s customer base. Online payments made using mobile devices continues to rise globally according to the findings, now accounting for 27.2% of the total online payments made in Q1 2015 – up from

New Payment System in Dar es Salaam to Create 200,000 Jobs Next Year

Posted on by Staff Writer | 8011 Views | 7 min read

Over 200,000 people are expected to get opportunity to work with Max Com Africa Limited by next year, following the launching of a new payment system named Smart Malipo. The system will facilitate various bill payments including Luku, Television decoders, Tax payment to TRA and other banking transactions which are currently paid through Max Malipo