Standard Bank Group has been awarded the 2013 Bank of the Year award from Africa Investor magazine. The award recognises their growth and performance, how their banking structure and strategy equips them for future developments in the market and their contributions to financial inclusion and economic development in Africa. Africa Investor is an influential niche
Equity Bank and PayPal announced that merchants in Kenya can now sell to PayPal’s global customer base of more than 137 million active accounts in 193 markets around the world and move the proceeds to their Equity Bank accounts. This new service allows PayPal users to withdraw funds to their qualifying Equity Bank accounts from
MasterCard announced that Sam Ahmed has been appointed to the role of group head, Marketing, Asia/Pacific, Middle East and Africa (APMEA), effective October 14, 2013. Based in Singapore, Ahmed will be responsible for the management of the region’s marketing teams, and will work to ensure that the company’s brand positioning is executed effectively. He will
ATMIA is pleased to announce that it has concluded an agreement with National Payments Corporation of India (NPCI) who will be Regional Sponsors in the newly established ATMIA India chapter. NPCI will promote ATMIA’s interest in the sub-continent which is the world’s largest democracy and one of its fastest growing and most promising economies. “Having
GuestLogix Inc. a global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, announced that it has signed a ten-year agreement with NCR Corporation, the global leader in consumer transaction technologies. The purpose of the relationship is to significantly improve the way travelers are able to conduct transactions through
Wonga has announced the acquisition of BillPay, one of the leading online payment and financing platforms in German-speaking countries. The acquisition significantly accelerates our development into a broad-based, digital finance group and will also speed the development of our PayLater online retail product, together with the company’s international expansion. BillPay is a provider of e-commerce
African payments provider iVeri’s EMV chip-and-PIN mobile payments solution, MPress has been approved by the Visa Ready program. The approval applies for use within Visa Inc. territories. Visa Ready, introduced in February, 2013, is designed to provide innovators with an easy way to collaborate with Visa and quickly introduce Visa-compliant devices, software and solutions that
It is 11 years since the first mobile payment service was launched in Africa, and it is now transforming economies across the continent. However, in the first five years or so, it was a solution in search of problems, with a scattering of case studies showing how it could make a difference. Most people associate
Humanness, social contracting, and trust – these are the three key aspects that influence customer satisfaction and retention, according to the latest trends reported by the 2013 Ask Afrika Awards. The Ask Afrika Orange Index uses audited, independent research to measure service in South Africa. Capitec Bank, the winner of the overall Banking Industry Award, cites its recent investment of over R200 million
The Western Union Company, a leader in global payment services, together with Lottomatica and MasterCard announced the launch of the My WU® reloadable prepaid card in Italy. Lottomatica, the brand through which GTECH S.p.A operates in Italy, is one of the most trusted and well-known brands in Italy, is the first company in Europe to
