GSMA Intelligence recently released a case study of Kopo Kopo in Kenya where they set out to provide tools to small and medium businesses to enable them to accept mobile money payments and to take advantage of related value added services that would allow them to grow. Kenya is home to the most advanced mobile
MTN Group and Bharti Airtel has announced a cross-border remittance partnership that seeks to remove the hassles of transferring money between Ivory Coast and Burkina Faso for the operators’ Mobile Money customers on either side of the border. The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso
Samir Zabaneh has joined Heartland Payment Systems, one of the US’s largest payment processors and a leading provider of merchant business solutions, as Chief Financial Officer (CFO). He will be responsible for providing overall strategic and operational direction of the company’s finance department including reporting, treasury, taxation and corporate planning and development, as well as
South Africa’s ABSA bank has announced the launch of its Payment Pebble, a device that allows businesses and vendors to accept card payments through a smartphone. The device allows businesses to accept chip-and-PIN and magstripe-and-PIN payments from Mastercard and Visa cardholders. “The Payment Pebble is a compact, mobile device that simply plugs into the audio
Purchases for goods and services from merchants worldwide in 2013 grew by $2.786 trillion or 22.0% to $15.422 trillion. The most popular payment method based on purchase volume were UnionPay debit cards, which for the first time surpassed Visa credit cards and Visa debit cards, according to the annual report, Global Cards, published in the
Ingenico a provider of payment solutions, announces that its affiliate ROAM, a mobile commerce platform provider, has announced that EVO Payments International (EVO), a leading payment service provider operating in the United States, Canada and Europe, will leverage ROAM’s platform to extend its full range of electronic payment service offerings to include mobile point of
Nigeria has become the largest economy in Africa and 26th largest in the world following the rebasing of its Gross Domestic Product from 1990 to 2010 constant prices. Following the recalculation, the Statistician General of the Federation announced on Friday, April 4 that the country’s GDP emerged at $590.9 billion in 2013 up from $285.56
BitGo, a leader in Bitcoin multi-signature security, has announced BitGo Enterprise, a new suite of services for businesses and financial institutions operating in digital currency. With features such as spending and velocity limits, user management, and 24×7 monitoring, BitGo’s new offering allows businesses of any size and technical ability to take advantage Bitcoin-based opportunities. “Until
Bank of America Merrill Lynch, a leader in card services has announced that it is expanding chip and PIN technology to all purchasing and travel credit card products available to clients in the United States. This is the latest development in the company’s ongoing effort to rollout EMV (EuroPay Mastercard Visa) technology to its global
FNB’s digital banking channels are voted as having the best experience by South African banking consumers, this is according to the 2014 South African Customer Satisfaction Index (SAcsi). In the banking channel measure, the SAcsi surveyed 7337 banking customers about their experiences with the different banking channels. FNB scooped top spot across all the digital
