Orange Money has hit the 10 million subscriber mark, with the company celebrating the potential of the service as a “growth engine” for Africa and the Middle East. The Orange Money mobile money service is currently available across 12 African markets as well as in Jordan, with the 10 millionth user signing up in Dakar,
Ingenico has announced the opening of a new branch office in Casablanca – Morocco, with the aim to cover the African market. This new office is part of the company’s geographic expansion strategy which seeks to closely answer customers and partners needs to optimize its level of service on each continent. By expanding its footprint
NetSpend, a TSYS Company, announced it has joined forces with Western Union to develop an innovative co-branded prepaid card, available later this year. “Combining the strengths of Western Union’s global brand and expertise in moving money with NetSpend’s deep prepaid knowledge and unique product capabilities, creates an incredible opportunity for us to better serve an
Karmacoin, a digital currency focusing on rewards, has ramped their administrative goals by recently beginning the procedure to form an LLC. “The purpose of creating a legal entity is to establish a workable business model which can generate revenue. Most cryptocurrencies really serve no purpose other than to make their creators wealthy,” says Tony Sorel,
Cardtronics Canada, Ltd. and CIBC have formed a new ATM branding relationship, through which CIBC clients can access their cash fee-free at over 100 retail ATMs at Pioneer Energy locations throughout Ontario. CIBC is a leading North American financial institution with $401 billion in assets and nearly 11 million personal banking and business clients. Pioneer
The South African Reserve Bank (SARB) conducted AML/CFT (Anti-money laundering and combating the financing of terrorism) inspections at Absa Bank Limited (Absa), FirstRand Bank Limited (FirstRand), Nedbank Limited (Nedbank), and The Standard Bank of South Africa Limited (Standard Bank). In terms of the Financial Intelligence Centre Act, No. 38 of 2001 (FICA), the SARB is
Pick n Pay announced a 27% increase in their online food delivery business when they released their annual results for the year ending March 2014. According to Pick n Pay they now serve more than 2000 customers per week and have extended the service in the Western Cape, KwaZulu-Natal and the Free State. This shows
FICO, a leading predictive analytics and decision management software company, has announced that First National Bank (FNB), is the first bank in the country to use FICO Fraud Resolution Manager to communicate with customers when a potentially fraudulent transaction takes place. Using the FICO application, FNB can automatically contact a customer through voice calls and
Millions of customers transfer money domestically each year, many of them struggling to navigate the complex and costly fees that come with each transaction. Walmart and Ria are launching a retail industry first – Walmart-2-Walmart Money Transfer Service. Available April 24, the new low-cost service allows customers to transfer money to and from more than
Regional financial services provider Equity Bank Group has returned to its traditional growth path by recording a 21% growth in its first quarter performance amidst a challenging operating environment. Emerging from a depressed operating economic environment as well as challenges posed by the recent political skirmishes in South Sudan, Equity Bank pre-tax profits for the
