An innovative new banking idea is taking hold in Zimbabwe. At Zimbabwe’s first Cattle Bank you can deposit animals as collateral against cash loans. A large portion of rural Zimbabwe is still unbanked and many people hold their wealth in the cattle they own. The Cattle Bank allows them to get and utilise monetary value
MasterCard subsidiary, Access Prepaid Worldwide announces a new partnership with British Airways to launch a new Executive Club Multi-currency Cash Passport™. The partnership will allow British Airways Executive Club members to earn more Avios points, receiving one Avios point for every £1 loaded (or reloaded) onto the card. The travel card, which is available now,
Square, a point-of-sale company which developed credit card readers for the iPhone, iPad, and Android devices, has hired Gokul Rajaram, who was most recently the Product Director of Ads at Facebook, where he drove product development and execution for Facebook’s advertising products. As Square’s Product Engineering Lead, Rajaram will lead software development for Square Register, a
Ingenico a worldwide provider of payment solutions has entered into an agreement with Europe-based Nets to launch new payment solutions for small merchants. The new mobile Point Of Sale (mPOS) solution from Nets turns smartphones and tablets into secure payment terminals. Nets, in partnership with Ingenico, will provide a fully operated solution from the secured
New research from MasterCard shows that Europeans want to enjoy cashfree holidays. The survey shows how people across Europe prefer having their cards on hand on holiday, more than the rest of the year: 91% of them carry their cards while on holiday vs 60% at home and over half or 53% of those questioned would like to
Contactless payments technology continues to expand globally, and the number of NFC-enabled devices in use is expected to top 500 million next year according to ABI Research. Visa expects NFC and other chip-based technologies will help drive future payment innovations. Visa payWave, the secure contactless payment technology, helps cardholders speed through checkout without having to
The latest MasterCard Online Shopping Survey has revealed that a substantial 91% of South Africans who shop online are highly satisfied with their overall experience, a 4% increase from the 87% who said the same thing in the 2012 survey. A further indication of South Africans’ positive sentiment for online shopping is that 76% of
TNM has sealed a deal with the Electricity Supply Corporation of Malawi (Escom) which will see TNM customers paying their Escom bills or buying electricity units through TNM Mobile Money or mobile payment service also known as ‘Mpamba’. The signing ceremony took place at Protea RyaIls Hotel in Blantyre. Speaking during the ceremony, TNM Chief
Standard Bank Group has been acknowledged by the Financial Times as the Sustainable Bank of the Year award for Africa and Middle East. The FT/IFC Sustainable Finance Awards, now in their eighth year, have established themselves as the world’s leading awards for environmentally and socially responsible banking and investment. International Finance Corporation (IFC) is a
SecureKey Technologies Inc., a global leader in identity and authentication ecosystems, announced that its briidge.net™ DNA security software and briidge.net Enterprise authentication service have been integrated with MasterPass™, the new digital commerce platform from MasterCard®. SecureKey briidge.net DNA combined with Intel® Identity Protection Technology (Intel® IPT), provides MasterPass wallet holders and merchants with an additional
