The Bank of Tanzania (BoT) wants non-performing loans (NPLs) in commercial banks to go down to comfortable zone of 5.0 per cent for purposes of protecting depositors’ money. The central bank said though the level is around 7.0 per cent, the risk level is, however, lower compared to other countries in the East African Community
Club América and Denarii Systems have launched the Club América Prepaid MasterCard(R) in the U.S. Club América fans can now use the Club América Prepaid MasterCard to make purchases, pay bills and remit money, while staying connected to their favorite team. “Club América and Denarii have joined forces to shake hands with our fans who
Citizens Bank announced the launch of the Citizens Bank Cash Back Plus World MasterCard, a new credit card offering up to 1.8% cash back with no annual fee and none of the category restrictions or caps on rewards often found with other rewards cards. The new card is the latest offering from Citizens’ Bank Better
Spectators at the Arnold Palmer Invitational Presented by MasterCard (API) no longer have to miss out on the action at the tournament with the introduction of the latest technology from MasterCard. Golf fans will now have access to faster and more secure ways to pay at concession and merchandise point of sale terminals throughout Bay
Openbay, the online marketplace for auto repair, announces Apple Pay’s availability on its mobile app. Consumers now enjoy the easy and secure option of paying for automotive repair and maintenance services with just a tap using Apple’s payment service. Additionally, by using Apple Pay, Openbay’s automotive service providers – car dealerships, independent shops, and mobile
Standard Chartered Plc, which has operated in Africa for more than 150 years and is present in 15 African countries and active in 36 countries across the continent, sees Nigeria and Kenya as the best opportunities on the continent for its business to expand in 2015. “We’ll spend a lot of time focused on some
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced that Westlake Financial Services, one of the nation’s leading auto finance companies, has selected ACI UP Bill Payment Solutions, the industry’s most comprehensive electronic bill pay service, to facilitate customer loan payments. With ACI’s omni-channel bill payment approach, Westlake customers will be
Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced that it is processing online payments for peerTransfer, a leading provider of global payment solutions for foreign students and educational institutions. peerTransfer is using the Digital River World Payments solution to facilitate student tuition payments made via credit card in 59 currencies across North
Custom Business Solutions, a leading provider of Point of Sale and operations systems for the hospitality industry, announces Apple Pay and Google Wallet connectivity for its NorthStar Order Entry OmniChannel ordering system. NorthStar Order Entry is the only tablet-based ordering software that combines multiple ordering modes in one easy-to-use interface. Now hospitality professionals can maximize
Mwalimu Commercial Bank, which is in the process of formation, is expected to bring about stiff competition in the country’s banking industry because of the huge number of employees in the teaching fraternity. The bank, expected to float its initial public offer (IPO) next Monday, is a threat to mainstream banks as it will accumulate a
