The government through the Kenya ICT board, Communications Commission of Kenya (CCK) and Directorate of E-government, held a forum with stakeholders to sensitise them on what it will take to secure online transactions. Public Key Infrastructure (PKI), is the national system that the government is implementing to provide digital certification services. Through the Public Key
Ingenico leading worldwide provider of payment solutions, announced that it will support, along with Banco Nacional de México, Banamex, one of the leading financial institutions in Mexico, the deployment of the new contactless payment technology. Banamex is the first bank implementing this payment technology throughout the country, offering state-of-the-art technology to its customers. After some
Mr Seth Terkper, Minister for Finance and Economic Planning in Ghana, has stressed the need to improve confidence in electronic payments systems and infrastructure and to encourage the patronage of alternative payments systems. Mr Terkper said effective payments systems were necessary for the effective implementation of monetary and fiscal policies as well as for financial
ACI Worldwide a leading international provider of banking and payment systems, announced today that German American Bancorp, a growing regional bank headquartered in Jasper, IN, has chosen to partner with ACI to expand its online banking service offerings to business customers. With the ACI Enterprise Banker solution, German American will offer business customers a single,
The growth in the use of electronic payment products, such as credit and debit cards, added $983 billion to the Gross Domestic Product (GDP) of the 56 countries examined between 2008 and 2012, according to a study conducted for Visa by Moody’s Analytics, a leading independent provider of economic forecasting. The study of 56 countries
New Mercator Advisory Group report identifies markets and market drivers behind four types of alternative currencies. Alternative currencies typically evolve when threats or economic problems occur and stabilization efforts are perceived as necessary. Few, however, have staying power. A review of various alternative currencies (operating either only in the U.S. or globally) suggests traditional payments
Standard Bank South Africa has launched a rewards programme. From 10 June 2013, Standard Bank South Africa customers can join UCount Rewards, a programme offering rewards for using their Standard Bank personal debit, cheque or credit card. “Our customers are our greatest asset and through this programme, Standard Bank will reward customers in a way
Cape Town based Silvertree Capital an Africa-focused business builder and venture capital investor, has recently invested in two of Nigeria’s largest e-commerce sites, Sunglasses.com.ng and Glamour.com.ng. Both of these leading e-commerce sites offer a broad range of top consumer brands to the burgeoning online shopping market and have a free delivery charge throughout the country.
Uncertainty in regulatory guidelines for mobile money, coupled with limited cooperation among m-commerce providers, is hampering the industry from unlocking its full potential, said Rajiv Bhatia, Head of EMEA Sales for Ericsson M-Commerce. Bhatia was speaking at the Mobile Money Africa conference held in Johannesburg today. Bhatia said the industry needs to get the basics
Imagine a branch where long queues are a thing of the past, even during traditionally busy periods, where innovation not only drives convenience, but also has tremendous environmental benefits; and technological advances support a safe and convenient 24-hour banking experience. Such features are set to become the new standard in South African banking halls with
