A review of the result shows positive performance across some key financial indices, in spite of an extremely challenging business environment and increasing regulatory headwinds. Gross earnings for the period grew by 7% to N132billion from N124billion reported for the corresponding year period 2013. Profit before tax at N53.40billion, was a 7% dip from N57.4billion
Thames Card Technology Ltd, one of the UK’s largest manufacturers of secure and non-secure plastic cards, has responded to market demand for its gift, loyalty and payment card production services with the purchase of two new machines. The ‘best-in-class’ equipment incorporates technologies that deliver the increased capacity required to maintain its position as the go-to
Basware has established a new business called Basware Financing Services. Basware’s Financing Services will deliver new and innovative financing services for buyers and suppliers, combining payment with financing services for companies of all sizes. Basware will help companies optimize their cash and working capital made available as they participate within and transact across the Basware
Blackhawk Network, Inc., a leading prepaid and payments network, announced an integration with Google Wallet that allows customers the opportunity to better manage and spend their gift cards through the ease of their mobile devices. Blackhawk Network provides expanded capabilities including verifying the gift card is active and checking its balance. With these capabilities integrated
Desjardins Group is the first Quebec-based financial institution to offer its new mobile payment service through several Canadian cellular networks. Thanks to Desjardins Mobile Payment, paying for everyday purchases using a smartphone is now possible on Bell Mobility, Rogers and Virgin Mobile networks. Other mobile carriers, including TELUS, will soon be added. The ground breaking payment
East African countries introduced various reforms including liberalization of the financial sector about two decades to sustain their economic growth. The countries namely, Tanzania, Uganda and Rwanda have seen huge gains but are paying a price at the expense of banking ethics and professionalism. Before the liberalisation, central banks in the region were custodian of
SLA Mobile, a leading worldwide solutions vendor focused on bringing new revenue streams to mobile operators, has partnered with Infobip, a global mobile messaging and payments provider to bring Direct Operator Billing (DOB) to Zain subscribers for their list of digital and virtual goods merchants. SLA Mobile provides managed service solutions to mobile operators, helping
Over half (57%) of international businesses surveyed by Basware and MasterCard admit to having actively delayed paying their suppliers in the past 12 months. The findings underscore a late payment culture, which three out of four businesses now consider normal practice, that is hampering in particular small and medium-sized enterprises (SMEs). In order to break
FIS, the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions, has signed a definitive agreement to acquire Brussels-based Clear2Pay. Upon closing, the addition of Clear2Pay will bolster FIS’ global payments capabilities across all geographies through the addition of new payments managed services and payments processing
Cardtronics,announced that its U.K.-based business is entering into a seven-year, exclusive agreement to operate approximately 1,800 ATMs located in Co-operative Food stores across the U.K. Cardtronics will take on the operation of the ATMs no later than January 2016, upon expiration of the existing ATM contract. In addition, beginning immediately, Cardtronics will have the right
