Juniper Research has released a new report which projects that the total value of global payments via mobile device will reach $507 billion this year. This will be a rise of nearly 40% year-on-year. The report, titled ‘Mobile Payment Strategies: Remote, Contactless & Money Transfer 2014-2018’ found that growth would mainly be driven by increasing
Thuraya Telecommunications Company, a Mobile Satellite Services operator, and Western Union have announced their agreement to offer top-up services for Thuraya prepaid SIMs for voice and data services using the Western Union Quick PaySM service. The service is available at participating Western Union agent locations in the majority of the 200+ countries and territories in
Digital River, Inc. a leading global provider of Commerce-as-a-Service solutions, announced the expansion of its Digital River SMB Payments solution into the United Kingdom (U.K.). The solution offers small and medium enterprises, commerce providers, systems integrators and developers turn-key access to credit card processing capabilities for Visa, MasterCard and Maestro cards in Euros and Pound
Ingenico has announced that the new mobile payment interfaces designed for the Thalys app – in addition to their on-line payment website – have been deployed by Ogone, its online payment subsidiary and one of the largest online payment service providers in Europe. Based on Ogone’s secure solutions and technology, this app will offer passengers
The chairman of Nigeria’s Committee of e-Banking Industry Heads (CeBIH) Chuks Iku has announced all banks in Nigeria are taking steps to install anti-scheming devices on their ATMs nationwide, in order to protect them against fraud. “For us as an industry, what we agreed to do is that all banks should have anti-scheming device on
CRDB Bank is planning to have its international operations contribute between 3-5 per cent of the net income as one of the bank’s target position by the year 2017. The bank’s profit for the year under review jumped to 84.4bn/- compared to 80.5bn/- registered in the previous year despite the increment of expenses due to
DHL are seeing robust growth from their financial services customers in Africa and while the banking sector continues to play a significant role in economic development for the continent, the sector also fueled DHL’s expansion into Africa in 1978 when global banks needed to get documentation to Africa. This is according to Sumesh Rahavendra of
Wincor Nixdorf, the retail and banking solutions provider, has announced that Tesco, one of the world’s leading retailers, has named it ‘2013 IT Supplier of the Year’ for outstanding performance providing end-to-end IT solutions including hardware and services. This is the second consecutive year that Wincor Nixdorf has received a supplier accolade thanks to its
ACI Worldwide has announced that it has become a principal member of EPASOrg, a leading not-for-profit organization focused on overcoming obstacles to interoperability in electronic card payments. The role of EPASOrg is to develop, promote and maintain card payment standards across Europe, providing retailers with cost efficiencies and enhanced innovation as they expand their footprints
Exim Bank Tanzania Limited has embarked on implementing its Vision 2016 that seeks to double its balance sheet and increase market share in deposits by 2016. Being the sixth largest bank in the country in terms of total deposits and assets, Exim Bank has set its eyes on an ambitious target for the year 2016.
