Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless cards based on MasterCard PayPass technology. The certification process was completed in less than a month making the bank one
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit equivalent in Nigerian Naira to LAPO Microfinance Bank in Nigeria. LAPO MfB is the largest microfinance bank in Nigeria with 1.1 million clients and 327 branches currently
Payment Alliance International (PAI), a leader in electronic payment processing, and Planet Payment, Inc., a leading provider of international and multi-currency payment processing services, announced that ATM Currency Exchange, PAI’s real-time dynamic currency conversion solution for ATMs powered by Planet Payment, is now live at 5,000 ATMs processing on PAI’s nationwide ATM network. ATM Currency
Taisys Technologies Co., Ltd. announced that Kenya’s leading bank Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys. Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and “duoSIM”. The
FNB and Visa once again joined forces to launch their 10th Annual Card Security Week (CSW) and announced a 15% reduction in credit card fraud. Columinate, an independent research company, was commissioned to research fraud awareness and card fraud trends in South Africa. “We found that while the overall awareness of card fraud is very
Nigeria’s largest church the Redeemed Christian Church of God (RCCG) has partnered with OneCard to launch multiple service recharge cards to offer worshipers access to top-up solution at any of the church’s over 332,000 parishes nationwide. The cards can be loaded on any network. OneCard is a fast moving consumer goods company and under the
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced a strategic partnership with Shaw Systems Associates, Inc., one of North America’s largest financial technology companies. The partnership will enable Shaw’s clients to facilitate loan payments for their millions of consumer customers. With the partnership, Shaw’s clients will gain access to ACI’s
Realex Payments, one of Europe’s fastest growing payment solution providers, announces a new partnership with OpenCart. The deal sees Realex Payments and OpenCart, a leading open-source e-commerce software platform that powers hundreds of thousands of stores, launch a one-stop solution for merchant online payment processing. Realex Payments, along with UK development agency Welford Media and
Boku, Inc., the global leader in mobile payments, announced the acquisition of Germany-based mopay, one of the largest carrier billing companies in the world and one of Boku’s leading competitors. The acquisition makes Boku the largest standalone provider of carrier billing-based mobile payment services in the world, adding marquee merchant customers like Valve, gameloft, and
The President of the Republic, Mr Jacob Gedleyihlekisa Zuma, has appointed Mr Lesetja Kganyago as the next Governor of the South African Reserve Bank (SARB) for a period of five years. The appointment is effective from 9th November 2014. In accordance with section 4(1)(a), read with section 5(1)(a)of the South African Reserve Bank Act, Act
