The bank’s regional expansion and diversification strategies have been successful and all the subsidiaries contributed positively to the performance. Profit before tax increased to Kshs.10.8 billion up from Ksh. 8.9 billion recorded for the same period last year. Profit after tax also increased by 21% to Kshs.7.6 billion. During the period under review, the Bank
German retailers expect the impact of digital sales channels on their business to increase strongly. This is just one result of a study commissioned by Wincor Nixdorf, among others, from the leading European market research company, Pierre Audoin Consultants (PAC). This study, “Omnichannel commerce in Germany”, delivers current data and facts on the omnichannel strategies
Javelin Strategy & Research’s semiannual benchmarking study, Outperform, has revealed that Bank of America, Chase, Citibank, and Wells Fargo are digital banking leaders among the top 20 retail banks. But more surprising is that regional providers — SunTrust and Regions Bank — scored top customer-satisfaction positions alongside the giant banks. Javelin also found that digital-first
Europe’s mobile operators could save millions of Euros per year with better management of mobile payments compliance, claims Empello. In the UK, a market with 80 million mobile subscribers, Empello estimates that £400,000 could be saved per year by the big four UK operators, just from the reduction in call centre costs. Across Europe, a
South Africa’s retailers, financial institutions and brands are gaining pace with international competitors in adopting technologies such as near-field communication (NFC) for mobile and cashless payments. Two years ago, it was predicted that the high cost of installing point-of-sale terminals and other enabling infrastructure would hamper adoption. However, several companies have implemented such systems so
Nairobi residents will no longer have to contend with long queues when paying for services after the county government launched an e-payment platform to ease payments and streamline revenue collection. Among the services targeted are matatu seasonal ticketing, rent collection and market stalls. In his speech during the launch Governor Evans Kidero said the e-payment
Commercial banks in Kenya will begin disclosing to loan applicants the components that make up the total cost of credit as a percentage known as the Annual Percentage Rate (APR). This follows the launch of the “Credit Calculator Online” website and mobile application that were developed by Kenya Bankers Association (KBA) in conjunction with the
UCHUMI Commercial Bank (UCB) Ltd in Kilimanjaro Region has registered a 14.3 per cent profit rise as it targets to raise its capital from 2.5bn/- to 7bn/- by 2017. Speaking at the bank’s annual general meeting during the weekend, Chairman of Board of Directors, Mr Wilson Ndesanjo said that the level of capital will ensure
ACI Worldwide , a leading international provider of electronic payment and banking solutions, has announced that Ohio-based Franklin University has selected ACI to power its online payments. As one of the largest private universities in Ohio, with a growing enrollment approaching 10,000 undergraduate and graduate students, Franklin University wanted a proven payment provider with technology
American Express Global Business Travel (“GBT”) has announced new servicing and technology tools and platforms that foster stronger connections and enable smarter communications with travelers and travel managers. Central to these solutions is GBT’s focus on interacting with business travelers when and how they want to be reached, and ensuring a seamless experience from trip
