In several African countries, ecommerce is on the horizon and citizens are beginning to open their arms to embrace the virtual-world-made-real community. But although mode of payment, accessibility and education of prospective online shoppers are seen as major setbacks, the increasing interest of cyber criminals in the multibillion dollar ecommerce sector poses more harm than
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced that Pennsylvania-based Eastern University has selected the company to power its payment plan and tuition payments across multiple channels. With an enrollment of about 4,000 undergraduate and graduate students, Eastern University wanted a proven electronic payment system that required no additional programming
First Hawaiian Bank, Hawaii’s oldest and largest financial institution, announced the grand opening of its new Waiakea branch and, with it, introduced a new approach to personalized service through NCR Interactive Services. At the new Waiakea branch, First Hawaiian Bank (FHB) tellers will assist customers remotely through new video teller machines that look similar to
Access Bank Plc and Airtel Nigeria Limited have gone into a partnership to introduce a mobile money service known as Access Money.The service allows customers to perform simple, secure and instant financial transactions using their mobile phones. With the service, customers on the mobile network can send and receive money, make deposits and withdrawals, pay
Virtual Piggy, Inc., provider of Oink, the award-winning online payment technology for families and teens, announced that it has launched the Oink Discover prepaid card, a physical extension of the company’s digital wallet. The new prepaid card allows teens to shop at any of the more than 25 million merchant locations that accept Discover, but
Calpian, Inc. announced that for the month ending October 31, 2014, its Mumbai-based subsidiary Money-On-Mobile has been accessed by more than 112 million cumulative unique users since its inception with a total of 8.4 million unique users accessing the service in October. Money-On-Mobile is a mobile payments service provider that allows Indian consumers to use
Since the launch of Apple Pay, Apple’s new mobile payments offering, other mobile payment solutions in the US, like Google Wallet and Softcard, have noted that Apple has helped create general awareness of mobile payments, including for their services. Apple only released its mobile payment system in October, but the feature is already gaining traction
Ericsson announced that MTN Uganda has deployed the Ericsson Converged Wallet platform, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services offerings for seven million MTN Uganda mobile wallet users and 50,000 agents. MTN Uganda is part of MTN Group, a multinational telecommunications group, connecting approximately 219 million people in 22
Women who chose Ruby, a female focused current account offered by pan-African bank, United Bank for Africa (UBA) Plc, will now enjoy more perks as the bank has expanded its list of exclusive partners offering special services to its female account holders. Ruby is a current account offered by UBA exclusively to its female bank
Fiserv, Inc., a leading global provider of financial services technology solutions, announced the launch of Season of Giving, a charitable giving campaign benefitting the 501 (c)(3) nonprofit organization Good360. From Nov. 1 through Dec. 31, each time someone sends money using the Popmoney personal payment service at one of nearly 200 participating financial institutions, one
