As the mPOS customer moves upmarket, developed countries are embracing tablets as a substitute for traditional POS systems. This trend is offering merchants a digital payment option wrapped around target offers as well as data solutions that improve customer loyalty and enhances data assets. Conversely small merchants in emerging markets looking to expand their customer
The ATM Industry Association has announced the release of a commissioned research report into the digital currency BitCoin and what it might mean to the industry. The paper, written by Tremont Capital Group, one of the nation’s leading consulting firms specializing in the ATM industry, is called “An Introduction to BitCoin ATMs” and contains special
Extending the benefits of electronic payments to people who have been financially excluded is especially important in Africa, where less than a quarter of adults have a financial product or bank account with a formal financial institution, and about 90% of all consumer payments are conducted in cash. Traditional bricks and mortar banking infrastructure needed
Consumers in Brazil have more options when they send and receive money transfers thanks to an agreement with MoneyGram, a global money transfer and payment services company and São Paulo, Brazil-based Confidence Câmbio. Customers can now use MoneyGram services at 69 Confidence Câmbio stores across the country. “Aligning with Confidence Câmbio will assist with growth
hyperWALLET Systems Inc., a payments provider, has announced that Karrot has launched hyperWALLET’s branded prepaid card services to provide a unified payment solution for its loyalty and reward payment solutions. Karrot, a Chicago based company, provides online loyalty and reward program solutions for a wide variety of companies. With a deep understanding about the impact
Alibaba, China’s largest e-commerce company, has begun the process of an initial public offering in the United States. Citing an interest in becoming a more global company it is working towards a listing on the New York Stock Exchange. Alibaba is an e-commerce giant, founded by Jack Ma in a one-room apartment 15 years ago,
“I was recently asked whether I felt that the closure of the four online shopping portals – SA Camera, Style36, 5 Rooms and Kinderelo – by media giant Naspers, was an indication that South Africa is not yet ready for online retail and that there is no money to be made in the industry,” said
Exim Bank has urged more Tanzanians to utilize fully services offered by banks and other financial institutions, noting that saving money in banks is safer and the most convenient way of investing. Exim Bank Tanzania Assistant Manager (Corporate Relationship), Mr Justin Wambali, said people should use banks to save money for their future development. He
South Africa’s Standard Bank has announced the release of a new mobile app, offering increased functionality to its client base. The app is available on Android and iOS tablets with an additional release due later this year increasing flexibility on smartphones. “Standard Bank’s app for tablets is set to transform mobile banking and the way
Fiserv, Inc., a provider of financial services technology solutions, has announced an agreement to make Visa’s common debit EMV solution available for the Accel debit network. Under the agreement, Fiserv will adopt Visa’s common debit solution offering issuers, acquirers and merchants a simple, streamlined approach for debit EMV adoption. The agreement will help enable the
