Blackhawk Network has announced that its affiliate Blackhawk Network California, Inc. is the technology and service provider of the T-Mobile Visa Prepaid Card, issued by The Bancorp Bank and launched by T-Mobile USA, Inc. The card is designed to be used with Mobile Money, a smartphone app from T-Mobile, powered by Blackhawk Network, offering consumers
Airtel Kenya is set to launch a mobile loans service to challenge Safaricom’s M-Shwari, more than a year after a partner sued Safaricom for allegedly stealing the idea. Airtel originally partnered with microfinance firm Faulu Kenya in May 2012 to launch Kopa Chapaa, aimed at advancing loans facilities via mobile phones, with Safaricom launching M-Shwari
According to TechZim, Telecel Zimbabwe’s mobile money service, Telecash, will finally be launched in Harare this week. The service, which we’re told will launch without fail this time, was initially scheduled to launch in the 4th quarter of 2013 but faced serious delays. The Telecash product is a result of Telecel realising how big a
The variant of the Dexter virus – malware that attacks point-of-sale (POS) devices – which has resulted in financial losses for both South African banks and consumers highlights the importance for local businesses to utilise secure Virtual Private Networks (VPNs) that provide full protection against advanced threats. This is according to Mike White, Head of
The African Guarantee Fund (AGF) has entered into an agreement with Diamond Bank to support the bank’s lending to small businesses in West Africa to the tune of USD 25 Million. Speaking at a press conference held after the partnership agreement signing ceremony, Executive Director – Retail Banking, Diamond Bank PLC, Mr. Uzoma Dozie, said
Computer Warehouse Group (CWG) understands the need to have a robust platform that will support the Mobile financial services initiative and is proud to present their M- Commerce platform in conjunction with MTN Nigeria called MTN XaaS platform. In a bid to make financial services accessible to all Nigerians in a cost effective manner and
OKI has announced the delivery of cash-recycling ATMs, ATM-Recycler G7, to State Bank of India, the largest bank in India. This marks OKI’s first delivery of its cash-recycling ATM in India. Founded in 1806, SBI is a government-owned corporation with its headquarters in Mumbai and is the only Indian bank listed in Fortune Global 500
Kenya, South Africa and Nigeria, and the African continent as a whole, lead the world in the uptake of mobile banking, according to a new report by mobile trade association MEF. The first report in MEF’s Global Consumer Insights Series on Mobile Money said 82 per cent of consumers in Africa engaged in mobile banking,
Hagens Berman Sobol Shapiro LLP, a consumer-rights law firm, has announced it is investigating a breach of customer data at Neiman Marcus stores following the chain’s disclosure on January 13, 2014, that its Point of Sale (POS) system and more than 1.1 million debit and credit cards may have been compromised. The company disclosed that
Gerrie Fourie, Capitec Bank’s new CEO, starts his year on a high-note after a strong performance in 2013, but with ambitious plans to take the bank to new heights. Gerrie plans to focus on the continued delivery of friendly, simplified and pioneering banking, but with an even stronger focus on innovation to meet clients’ everyday
