Nigerian President Goodluck Jonathan received his National eID card, heralding the official launch of the eID pilot program. In the pilot phase, the Nigerian Identity Management Commission will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest rollout of a biometric-based verification card with an electronic payment
Kenyan merchant services company Kopo Kopo is celebrating four years of existence, having managed to register more than 10,000 businesses on the platform. The startup was launched with only a few thousand point of sale terminals and a handful of merchants accepting mobile money in the entire country. In a blog post, the company said
EthSwitch selected BPC Banking Technologies to create a national retail payments infrastructure BPC Banking Technologies, the leading provider of Open System payment solutions, announces that EthSwitch has chosen SmartVista to power its national switching operations in Ethiopia. SmartVista was selected because of its comprehensive functionality, advanced technology and proven track record in helping payment businesses worldwide
Integrating digital payments into the economies of emerging and developing nations addresses crucial issues of broad economic growth and individual financial empowerment, according to a new report by the World Bank Development Research Group. The report examines, for the first time, growing evidence from around the world about how digital payments offer immediate benefits for
BitPay, the world leader in business solutions for the bitcoin digital currency, announced that it has become a Demandware LINK Technology Partner. BitPay will be joining a best-of-breed community committed to accelerating the adoption of innovative commerce technologies that are complementary to the Demandware Commerce platform. Demandware’s clients will now be able to easily add
Regional banking solutions provider, Equity Bank Group, has engaged global management strategy firm McKinsey to play a business advisory role in the implementation of the Bank’s 3.0 strategy. On hand to close the partnership agreement at Equity Bank headquarters was Dominic Barton, McKinsey & Company Global Managing Director and Equity Bank Group Managing Director Dr
MTN Uganda the leading Mobile Money network has partnered with Centenary Bank Uganda to advance their ATM Cash out footprint by allowing customers to cash out at all Centenary bank ATMs across the country. “At MTN we listen to our customers’ needs and wants and with this background we continuously strive to exploit opportunities that
Western Union has launched an outbound remittance service in Nigeria, allowing people to send not only receive money around the world. Prior to the launch, customers in Nigeria could only receive funds; this being the first time outbound remittance has become available in the country. To launch the service in Nigeria, Western Union is partnering
Standard Chartered Zimbabwe, together with Commerzbank Aktiengesellschaft and Investec Asset Management Proprietary Limited acted as Joint Mandated Lead Arrangers in the recently concluded USD60 million, three year syndicated term loan facility for FBC Bank Limited . The facility carries a comprehensive guarantee from African Export-Import Bank, the regional development bank established to finance and support
British-based online merchants could be missing out on potential revenue from euro customers if they do not migrate to the Single Euro Payments Area ahead of the UK deadline. With research commissioned by international electronic payment specialists PPRO Group citing that 53 per cent of UK consumers choose not to complete an online purchase due
