Standard Bank Group Limited has reached agreement with Grupo Financiero Inbursa SAB, the listed Mexican banking group, (“Inbursa”) in terms of which Inbursa will acquire Standard Bank’s Brazilian licensed banking subsidiary, Banco Standard de Investimentos S.A. (“BSI”) for a price to be determined with reference to the closing net asset value of BSI, which is
Transaction security must increase as mobile money services grow across Africa, while transparency and interoperability are key to encouraging further uptake of such services, according to Christelle Toureille, Middle East and Africa (MEA) marketing director for banking and telecommunications solutions at Gemalto. Speaking at Africa’s Payments, Banking and Retail Show 2014 in Johannesburg today, Toureille
FNB has enhanced the FNB Banking App for smartphones and tablets to include credit card functionality that will enable customers to manage their credit cards more efficiently from their smart device. The new functionality allows credit card holders to activate and cancel credit cards, order additional or replacement credit cards, and view credit cards and
South Africa-based Net1 Mobile Solutions (“N1MS”), a business unit of Net 1 UEPS Technologies, Inc. together with its long-time partner Supa Pesa, has expanded its Advance Airtime African footprint with the launch of TeleKom Networks Malawi (“TNM”) Airtime Credit service, Pasavute. Pasavute, which means ‘No worries’ in Chichewa, allows subscribers of TNM to purchase airtime
American Express Company has announced that it has signed an agreement to create a joint venture for its Global Business Travel division (“GBT”). Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. In the proposed transaction, American Express will separate its GBT operations into a
Nigeria’s Kuluya Games has introduced an SMS in-app payment option allowing players to buy items via SMS. Lakunle Ogungbamila, chief executive officer (CEO) of Kuluya Games, told HumanIPO the integration is operator-driven. “Basically it’s operator-driven, meaning game players can buy items with SMS. The way we have integrated it is that once a player decides
Mopay, a provider of payment solutions for online merchants, has announced a carrier billing partnership with Deutsche Telekom. The agreement will allow mopay to connect directly to Telekom’s international payment hub, Service Delivery Platform (SDP). Through this direct access, 14 markets and 142 million mobile customers will enjoy the frictionless mopay payment experience powered and
Cards and Payments World Africa 2014 is taking place this week on the 18th and 19th of March at the Johannesburg Convention Centre. It is the place where Africa’s payment specialists meet to discuss the challenges and opportunities in the industry. The show will feature 1200 attendees with 200 VIPs and 80 exhibitors. There will
Accenture has opened an Innovation Center for Financial Services in Jakarta to showcase leading digital and mobile-banking innovations designed to support strategic growth for banks and financial service providers in Indonesia. The center offers a new venue for financial industry executives to access some of Accenture’s best thinking on mobile and digital solutions that can
MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory
