Kenya’s Safaricom is set to sign a deal with Skrill, a US-based remittances and online payment company, allowing Kenyan diaspora to send money directly to M-Pesa accounts. “All you need to send money is the receiver’s full name and an M-Pesa mobile phone number. The money is then instantly deposited directly into their activated mobile
NCR Corporation has reported financial results for the three months ended December 31, 2013. Reported revenue of $1.67 billion increased 2% from the fourth quarter of 2012. Fourth-quarter revenue includes an unfavorable impact of 2% as a result of foreign currency translation. Non-pension operating income in the fourth quarter of 2013 was $221 million and
Weve, the joint venture between the UK’s three largest mobile operators, is partnering with MasterCard to accelerate the development of the UK’s most comprehensive contactless mobile payments system. The partnership announced today will provide consumers with a fast, safe and convenient way to pay via their mobile phones at point of purchase and receive the
Access Bank Tanzania has opened a branch in Tabora Region to bring the number of its branches in the country up to ten, in accordance with its expansion programme. The branch opened recently offers a full range of banking services, business loans to micro, small and medium-sized entrepreneurs, Access Bank Chief Executive Officer, Mr Roland
The Commercial Bank of Africa and leading integrated communications services provider Safaricom have announced plans to increase the number of M-Shwari customers in the coming months. The two organisations aspire to grow the number of people using the revolutionary service that allows them to save and borrow loans against their savings, from the current 6
3G Direct Pay Limited, a leading online payments service provider, has announced a strategic business partnership with Kopo Kopo, a merchant services platform for mobile network operators in emerging markets. Eran Feinstein, Managing Director, 3G Direct Pay Limited signed the partnership agreement which he said would bring innovative payment options for the regional travel industry.
MasterCard has joined Visa, Google and Safaricom in rolling out a service allowing Kenyan commuters to pay public transport fares using mobile money. To use the MasterCard PayPass, commuters can tap cards on a mobile phone or gadget to pay their fares, with MasterCard saying the payment solution will be launched by June. It also
The PCI Security Standards Council (PCI SSC), an open global forum for the development of payment card security standards, testified before the House Subcommittee on Commerce, Manufacturing and Trade on the work it’s doing to create global standards and resources that help businesses take a multi-layered approach to securing their customers’ card data. At the
The government of Ghana has revealed more citizens are using the electronic e-pay slip system recently introduced by the nation’s Controller and Accountant Generals’ Department for public sector workers, which offers mechanised payroll services. A statement released by the Information Service Department (ISD) of Ghana’s Ministry of Information said the number of registered users has
January’s edition of the mPOS Tracker highlights three particular developments as the mPOS market rolls into 2014: (1) mPOS continues to expand internationally, particularly in emerging markets, (2) mPOS is the number one priority for merchants ranking even higher than security; and (3) receipts have the potential to become an important marketing channel for merchants. The January 2014
