Backed by a staggering over 9.6bn/- financial muscle and over 12,476 members, Tanzania Prisons Savings and Credit Cooperative Society (TPS-SACCOS) has everything to convince Bank of Tanzania (BoT) Governor, Professor Benno Ndulu grant them commercial banking licence. Home Affairs Minister, Mr Matthias Chikawe, told representatives of TPS SACCOS Ltd that growth of the savings and
Cardtronics, Inc., the world’s largest retail ATM owner / operator, announced that Gray, Tenn.-based Appalachian Community Federal Credit Union has launched image deposit capabilities at its branch ATMs, which are managed by Cardtronics. This enhancement enables ACFCU members to deposit checks directly into the ATMs without using envelopes or deposit slips. An Allpoint Network member
Itaú and MasterCard announced the signing of a new 20-year agreement that further strengthens the long-term relationship between the two companies. As part of the agreement, Itaú and MasterCard will establish and operate a new electronic payments network in Brazil. In addition, Itaú will issue payment solutions including credit, debit and prepaid cards as part
Fiserv, Inc., a leading global provider of financial services technology solutions, announced that First Savings Bank Northwest (FSBNW), based in Renton, Washington, has selected a family of Fiserv solutions centered around the DNA account processing platform. The $937 million asset bank will use the Fiserv technology to attract new customers with a diverse set of
MasterCard appointed Betty DeVita as Chief Commercial Officer of MasterCard Labs, the company’s global research and development arm focused on payment innovations. In this role Betty will be responsible for developing and managing strategic partnerships focused on commercializing existing and future pipeline MasterCard Labs assets. Examples of current Labs innovations being commercialized include ShopThis! and
BitGo, the leader in bitcoin security, introduced new pricing and key product updates for its industry-leading, multi-sig bitcoin services. BitGo is now free for individuals and free to try for businesses, making it the most secure, multi-sig bitcoin wallet service available and affordable to everyone. With significant upgrades to its web wallet user experience, BitGo
TA Associates, a leading global growth private equity firm, announced it has completed an investment in YeePay, a leading payments service provider in China. Far East Horizon Ltd (HKG: 3360), a provider of tailored financial leasing and other value-added services, partnered with TA on the investment. Financial terms of the transaction were not disclosed. Founded
Visa Inc.launched its 20-city tour to educate small businesses and consumers about payment card chip technology (also known as EMV technology). The Small Business Chip Education Tour will commence at the Greater Austin Hispanic Chamber of Commerce Small Business and Entrepreneurial Showcase in Austin, Texas. Participants will have the opportunity to hear from payments industry
The government has commended Vodacom Tanzania for coming up with mobile innovative solution that will see smallholder farmers receiving support to improve their lives through Information and Communication Technology (ICT). The initiative dubbed Kilimo Klub, is an exclusive service targeting smallholder farmers and will enable farmers to access M-Pesa and get empowered financially through the
Customers of Orange Money in Côte d’Ivoire can use their mobile phones to send money to customers of Airtel Money in Burkina Faso, and vice versa. This partnership between Orange and Airtel enables Orange customers, for the first time, to send and receive money to or from people based in a country outside the Group’s
