The Western Union Company, a leader in global payment services, has announced the launch of a new mobile money transfer service to Nigeria, which increases the reach of Western Union payout options in the country. The new service to Nigeria integrates directly with Paga, the leading mobile payment platform in Nigeria, with more than 1.2
Ingenico a provider of payment solutions, announced the deployment of an innovative fiscal solution, along with its local partner Etranet Group. This solution has been implemented for Hrvatski Telekom, the leading provider of telecommunication services in Croatia. Further to the implementation of a fiscal law in Croatia, Ingenico in partnership with Etranet group (Croatian specialist
European investment company Accel Partners has invested US$40 million in WorldRemit, an online money remittance service operating in Ghana and Somalia, providing the service’s first Series A investment. Founded in 2009, WorldRemit has partnerships with Safaricom’s M-Pesa, international banks and mobile operators, providing remittance transaction services to approximately 1.3 million people every year “We expect
Compare Metrics, a provider of Adaptive Commerce navigation and discovery tools, and the e-tailing group, a consulting firm focused on omni-channel retail, have released results and a complementary white paper from a joint Shopper Navigation & Discovery Study. The study provides an explicit view of how consumers shop in stores and online, focusing on their
Elizabeth McQuerry From Glenbrook Consulting shares her insight on the payments landscape in Southern Africa in her latest blog post. She writes, “Recently I shared my views about the developments underway in the mobile and payments space in Latin America. In that story, I address how individual countries are taking big strides toward reshaping their
The bank-led mobile payment scheme Digicash has launched a pilot-project using the Beacon model in Luxembourg. Digicash Beacon devices at the point of sale combine Bluetooth, NFC and QR Code technologies. For payers, this new feature is integrated with Digicash Apps that are issued by retail banks. Payments are made using SEPA Credit Transfers straight
KCB Group has commenced the process of rolling out Islamic Banking solutions in the country as part of its financial inclusion agenda. The innovative products and services will be in consistent with the principles of Islamic Sharia Law. “The bank is in advanced stages to make this a reality and Sharia Compliant Board or Sharia
ACI Worldwide a provider of electronic payment and banking systems, has unveiled the next generation of its consumer payments solution, enabling real-time, any-to-any payments. ACI is empowering financial institutions, retailers and billers to reduce payment processing costs, increase customer loyalty and drive new revenues by giving consumers more control over their money and the payment services they value. The
The Central Bank of Nigeria (CBN) has announced new guidelines that will subject banks using third party electronic payment solutions not been licensed by the central bank NGN10 million (US$60,000). The new guidelines on spell out the roles and responsibilities of all stakeholders in the end-to-end electronic payment of salaries, pensions, suppliers and taxes. “When
The EMV Payment Tokenisation Specification – Technical Framework v1.0 has been published by EMVCo. The technical document – which will be of interest to all industry participants including merchants, acquirers, card issuers and new payment entrants engaged in the mobile and digital secure payment ecosystem – is designed to allow market implementers to develop interoperable
