The number of mobile money subscribers of Nigerian commercial bank Stanbic IBTC will soon reach one million, says Gbenga Agboola, the bank’s mobile platform product manager. Agboola said the bank’s mobile money service is unique in that it does not require users to open an account, as the user’s phone number serves as the account
Fiserv, a provider of financial services technology solutions, has announced that it has been granted a patent by the United States Patent and Trademark Office for a non-sufficient funds (NSF) optimization process in its Predictive Scores solution. Predictive Scores allows financial institutions to analyze and identify the customers or members who are most likely to
MasterCard has announced its expansion into seven new markets across Central and West Africa, increasing its acceptance footprint across the continent and securing a number of strategic agreements. The addition of Chad, Central African Republic, Guinea-Bissau, Liberia, Sierra Leone, Rwanda and The Gambia to the MasterCard network extends the company’s presence to 48 of the
Even as online shopping continues to grow, more consumers are opting for the convenience of shopping on their smartphones with over half of Chinese and Thai shoppers making purchases via mobile devices, according to the latest MasterCard Online Shopping Survey. The survey, which serves as a benchmark that measures consumers’ propensity to shop online, was
Saudi Investment Bank (SAIB), a prominent financial institution in Saudi Arabia, will better serve customers with a number of new ATMs with video technology from NCR Corporation, the a provider of consumer transaction technologies. NCR APTRA Interactive Teller will allow customers to complete over 95 percent of typical branch transactions right at the ATM, 24
The Mt. Gox Bitcoin exchange has filed for bankruptcy protection in Japan, according to an AFP report, days after it went offline. Earlier this week the website of Bitcoin exchange Mt. Gox had been taken down amid rumours of a hack or security breach resulting in the theft of Bitcoins, while six major Bitcoin exchanges
Fiserv, a provider of financial services technology solutions, announced today that Kevin Gregoire has been named group president of its Financial Institutions Group. In this role Gregoire will oversee several Fiserv businesses, including Card Services, Financial and Risk Management Solutions, Investment Services and Lending Solutions. Gregoire most recently led the Card Services division at Fiserv,
The Tanzania Postal Bank (TPB) net income for the quarter ending December last year increased to 606m/-, up from 579m/- registered in similar period a year before. Cumulatively, the Bank profit increased to 4.23bn/- in the year ended December compared to 4.07bn/- recorded in the previous period. According to the TPB statement of financial position,
Online cash payments provider, Ukash, has launched a General Purpose Reloadable (GPR) prepaid card, supported by a mobile app that makes uploading of funds quick and easy. Putting customers in control of their money, the free smartphone app (iPhone and android) makes it easy to check transactions and balances while cardholders are out and about
Exim Bank Tanzania has launched a corporate centre in Arusha to cater for its corporate clients needs within the region. Speaking during the launch of the centre, the Exim Bank Tanzania Board Chairman Yogesh Manek said the new corporate branch was another testimony of the commitment of the bank to offer service of highest level
