Square announced that it has acquired Caviar, a rapidly growing company that allows buyers to get delivery from top-rated, popular local restaurants that do not otherwise offer delivery. For restaurants, Caviar is an affordable, convenient alternative to an in-house delivery solution and drives additional revenue. With the acquisition, Square deepens its commitment to providing independent
Airtel Africa has entered into a partnership with BGFIBank, a financial services institution present in 10 countries, to expand mobile money access to the bank’s customers. The partnership will see Airtel Money become accessible to BGFIBank customers in Gabon, Republic of Congo, Democratic Republic of Congo and Madagascar. Through the agreement, Airtel Money customers that
TSYS has published a white paper entitled “Opportunity Knocks: How Card Issuers Can Address Consumers’ Concerns Around Payment Security.” The paper explores changing consumers’ sentiments and the growing concern around the security of their data by highlighting results of the 2014 TSYS Consumer Awareness Data Security Study. The report examines actions financial institutions may take
The National Bank of Abu Dhabi , UAE’s premier bank, is the first financial institution in the Middle East to select NCR SelfServ 91, a new hardware platform that will help NBAD transform its branches and extend its retail banking footprint. As the latest in branch banking technology from NCR Corporation , the global leader
Absa Bank Limited is pleased to announce that it has completed the acquisition of approximately 850 ATMs and all related franchise agreements from the Bytes Managed Solutions division of Bytes Technology Group South Africa (Pty) Ltd (“Bytes”). Absa entered into an agreement with Bytes, which is a wholly-owned subsidiary of JSE-listed Altron Group, to acquire
A new bank, China Commercial Bank, has been granted a provisional banking license to operate in the country. According to the Bank of Tanzania , the new bank has no banking affiliation with another bank in China or Tanzania. The BoT Governor, Prof. Beno Ndullu said the CCB has been formed by Chinese and Tanzanian
SkyVision Global Networks Ltd, a leading global communications provider, announced the successful implementation of the first phase of its project with the Bank of Africa Burkina Faso, the country’s second largest financial institution. The project included implementing a full communications solution through the SkyVision VPN service, connecting BoA headquarters in Ouagadougou to its branch offices
Rakuten Bank Ltd. announced the launch of Japan’s first*1 money transfer service using Facebook, “Transfer by Facebook*2”. With the aim of providing a service enabling customers to transfer money from one bank account to another with ease, Rakuten Bank launched “MailMoney” in November 2002.The service allowed the sender to transfer money without knowing the recipient’s
TSYS announced that they have signed an agreement to license its PRIME payment transaction processing platform to Metrobank Card Corporation in the Philippines. MCC is a strategic joint venture between Metrobank and Australia New Zealand Bank and is one of the largest issuers and acquirers in the Philippines’ market. MCC will license PRIME 4, the
Ghana’s Fidelity Bank has signed a five year deal with IBM for the management of all the bank’s technology infrastructure and services, as the bank seeks higher efficiency to support its growth plans for new markets, services and products. Fidelity Bank said the aim of the deal – which was announced today at the US
