A couple of weeks ago Safaricom launched a campaign dubbed Lipa Na M-PESA which aims to drive use of mobile money for merchant payments in Kenya. Lipa Na M-PESA is a proximate payment from a customer to a business at the point of sale. Safaricom is running the campaign to fuel recognition among businesses on
The Controller and Accountant General Department (CAGD) is to introduce E-Pay slips for public sector workers soon. The system, expected on stream before the end of 2013, would enable workers to view the summary of their pay slips on mobile phones before going to the banks. Madam Grace Adzroe, Acting Controller and Accountant General, announced
The world’s largest industrial, worker-owned and run cooperative, Mondragon, founded in the Basque region of Spain over fifty-five years ago and winner of the 2013 Financial Times “Boldness in Business” award has agreed through its cooperative bank, Laboral Kutxa, to partner and build cooperative stakeholder businesses in local living economies throughout America with the U.S.
VeriFone Systems, Inc. launched GlobalBay Merchant, a new point of sale software platform and support infrastructure designed to help ISOs and acquirers providetablet POS solutions to small and medium businesses (SMBs). GlobalBay Merchant is an extension of the VeriFone GlobalBay line of software already in use by a number of sophisticated, highly integrated retail organizations. Currently
Payment solutions firm Paynet Group has announced an upgrade of its systems for issuing EMV chip cards, as Kenya moves towards the March 2014 deadline for switching to the new technology. Karimi Ithau, Paynet Group general manager, said the company has also invested in security standards in data centres to safeguard against rising cases of
SASSA will be able to pay social grants in-house, as directed by the SASSA Act, (Act no 9 of 2004) as from 2017, after expiry of the South African Social Security Agency (SASSA) contract with Cash Paymaster Services (CPS), which is currently responsible for disbursing social grants. To achieve that, the Minister of social Development,
The Western Union Company a leader in global payment services, today announced that users of Sprint prepaid brands Boost Mobile and Virgin Mobile USAnow have access to Western Union® mobile money transfer services. Sprint’s Boost Mobile and Virgin Mobile customers can initiate a Western Union Money Transfer® transaction directly from the Money Center within the Boost Zone and Virgin Zone portals on
Wincor Nixdorf has won the “Innovation in Technology and Transaction Banking Award 2013” in the category “Best ATM Technology” presented by the prestigious English-language magazine The Banker. The jury has thus honored the innovative solution approach for improving cash processes, made possible by Wincor Nixdorf’s CINEO system generation, the new security concept and the multifunctionality
Chase Bank (K) Limited, Naivas Supermarket and Visa have announced a partnership to launch a secure prepaid card for shopping convenience in Kenya, featuring the latest chip-based technology to cut the risk of fraud. The prepaid card, which is based on EMV chip technology, allows users to better manage their finances by eliminating the need
Emerging markets research firm, Jana has released an infographic showing insights on the e-commerce preferences of African consumers in Nigeria, Kenya & South Africa. Surveying 600 consumers in each country, the company asked respondents questions ranging from their favourite online store to their favourite payment mechanism. Have a look at their insights below:
