Telecel launched Telecash in Zimbabwe with interoperability as their main trump card and that promise seems to be taking shape. Telecel has announced via their Facebook page that Telecash users could now pay their insurance premiums via the mobile money service. Based on the announcement and advert, the service seems to be only active with
CRDB Bank in Tanzania has launched a Visa/MasterCard – enabled prepaid card for the Kilimanjaro Christian Medical Centre (KCMC) to reduce cash transactions at the referral hospital in Moshi, Kilimanjaro Region. The Visa/MasterCard dubbed Tembocard KCMC card launched in Moshi are aimed at streamlining payments made by patients to further optimize revenues for the hospital.
Net 1 UEPS Technologies, Inc. has announced that its Net1 Mobile Solutions Business Unit has launched its Mobile Virtual Card (“MVC”) technology through Pay in Private in the United States, a new way to pay online that uses the Company’s proprietary one-time use MVC Debit MasterCard generated by a smart phone app. The Pay in
TSYS has announced that it has increased its stake in its Central Payment Joint Venture (CPay) from 60 percent to 75 percent. Central Payment founders Matt and Zach Hyman have committed to lead the company as Co-Managing Directors for an additional three years. “Under the leadership of Matt and Zach, the value of Central Payment
Telkom Mobile, the mobile division of telecommunications company Telkom, and BlackBerry have announced an integrated carrier billing service for BlackBerry smartphone customers in South Africa. The service is made possible through Telkom Mobile’s newly developed Event Billing service and will enable Telkom Mobile customers to purchase applications on the BlackBerry World™ storefront and charge it
Teasy Mobile has appointed VeriFone Mobile Money, a joint venture between VeriFone and Mobilis Networks Limited, to widen mobile money services in Nigeria. Under the agreement, VeriFone will deploy its retail enablement solution integrating mobile wallet, banking and telecommunication provider networks with point-of-sales (POS) to drive mobile money. Teasy will partner with stakeholders in Nigeria
MasterCard and Visa have announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization,
Standard Bank Group has produced a stable performance in 2013, increasing headline earnings per share by 14% and net asset value per share by 14%. Group return on equity has increased to 14.1% from 14.0% in 2012. Results at a glance: Headline earnings: R17 194 million, up 15% Headline earnings per share (HEPS): 1 064.9
Switch Commerce LLC, an ATM transaction processing and credit card merchant services company in the United States, has announced the addition of Tom Bannon as Senior Vice President, Operations. Mr. Bannon will be a key, active member of the executive management team, and joins the principal shareholder and company executive Roy T. Rimmer, Jr. “Switch
While PayPal is better known and long-established, 13 challenger brands including Square and Amazon Payments are gaining recognition and credibility in the rapidly changing payments marketplace, according to Merchant Paymentality, a Cogent Reports study from Market Strategies International. “Currently, PayPal is the only alternative web- and mobile-based payment processing provider among a field of 35 competitors to earn ‘Star’
