The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittance service providers in Kenya. In 2014, remittance inflows to Kenya increased by USD 137 million or (11 percent) to USD 1,428.5 million compared with USD 1,290.6 million in 2013.
GlobeOne, developer of a mobile-based financial platform designed to provide access to a holistic suite of banking services for the underserved and self-banked globally, announced it has joined the Center for Financial Services Innovation (CFSI), a network of financial institutions and innovators committed to improving consumer financial health. “We are excited to work with CFSI
Mobile Money Wallet Summit Europe 2015 (17th -18th March 2015, London) is very happy to announce that it is back for 2015. The annual conference brings together some of the biggest names in mobile payments and banking industry to discuss the future of mobile payments, mobile wallets and mobile money. Partnering up with some of
The Central Bank of Nigeria (CBN) has ramped up its anti-electronic-fraud campaign with the implementation of a two-factor authentication requirement for deposit money banks. The initiative has been implemented in an effort to reduce the level of electronic fraud, a major component of which has been traced to increased insider abuse. The apex bank, in
Cardtronics, Inc. has renewed its ATM services agreement with The Pantry, one of the nation’s largest convenience store chains and the leading independently operated chain in the southeastern United States. Cardtronics is the world’s largest retail ATM owner / operator. The latest agreement extends a relationship between the two companies that began in 2011. Cardtronics
Fiserv, Inc., a leading global provider of financial services technology solutions,announced that Citizens Bank has renewed its agreement with Fiserv for multiple digital payment capabilities, signing a seven-year extension for CheckFree RXP, Popmoney, and TransferNow, as well as the small business versions of each of these services. The agreement enables Citizens Bank to continue offering
Xoom Corporation, a leading digital money transfer provider, announced the launch of its money transfer service to China. This instant bank deposit service allows Chinese immigrants with a U.S. bank account, credit card, or debit card to conveniently send money online to most bank accounts in China within seconds. With the addition of China, Xoom’s
The ATM Industry Association (ATMIA) has released the results of its new ATM Channel EMV Readiness Survey. The purpose of the survey, completed in December, was to measure the progress of ATM operators toward EMV migration in the U.S. Less than two years remain before fraud liability shifts to acquirers for some fraudulent ATM transactions.
Multi-channel payments solution provider EFTPOS New Zealand has migrated its Dial POS network to Transaction Network Services (TNS). The agreement enables EFTPOS New Zealand, which was acquired by Verifone in 2013, to support the changing technology mix for payment acceptance in New Zealand and more quickly rollout its next generation of payment technologies. EFTPOS New
The KCB Group has emerged the winner for Africa’s premier social and digital media awards, cementing its position as the region’s leading financial institution. The largest Bank in the East African region by asset base and branch network was named the winner for “Best Use of Social Media by a Financial Institution in Africa” during
