SureSwipe, a leading Payment Services Provider (PSP), has launched SureSwipe Move – the first Mobile Point of Sale (MPOS) solution in South Africa to achieve Point-to-Point Encryption (P2PE) certification from the PCI Security Standards Council. This means that SureSwipe Move’s secure devices, applications and processes comply with the Standards governing the encryption of card data
Leading Kenyan operator Safaricom will not have to cut fees on making M-Pesa transactions across networks after the Competition Authority declined to order a reduction as petitioned by rival Airtel. HumanIPO reported earlier this month the Competition Authority of Kenya was reviewing a case brought by Airtel, with the country’s second operator asking the authority
The management of Lebanese owned FBME Bank has been taken over by Bank of Tanzania (BoT), to secure local clients savings and smooth running of the troubled bank. In a statement issue in the city on Friday, BoT said following management takeover of FBME in Cyprus where it transacts about 90 per cent of its
KCB Bank Group is set to formally roll out Islamic banking services in Kenya next month as it expands its product offering in the East African region. The KCB Group Chief Executive Officer, Mr. Joshua Oigara said the bank has now received the necessary approvals to enable the launch of Islamic banking in all 182
In response to unfavorable developments in key emerging markets, Wincor Nixdorf AG has revised its forecast issued for fiscal 2013/2014 as a whole. The Company now expects net sales to reach a level comparable to that recorded in the previous year instead of rising by the 4% it had originally projected. The forecast for operating
ATMIA, the world’s only international association for the ATM industry, has published a new position paper about the role of cash as public money. “Cash today still represents 85% of global retail payment transactions,” said Mike Lee, CEO of ATMIA, “but its role as public money is key to the underlying trust the world continues
Plans are being concluded to add Verve cards to the accepted cards for integration on PayPal, according to Chuma Ezirim, head of e-business at FirstBank Nigeria. According to Ezirim, PayPal cannot afford to leave out Verve cardholders in Nigeria. “Verve cards will soon be added – 18 million issued, 13 million are active and integration
EBI Investment Corporation Kenya Limited, a subsidiary of Ecobank Capital has been granted an investment bank license by the Capital Markets Authority in Kenya. Ecobank Capital (registered as Ecobank Development Corporation) is the investment banking arm of the Ecobank Group, with operating offices currently in Abidjan, Accra, Lagos and Douala, including dealing membership of five
MoneyGram, a leading global money transfer and payment services company, has announces that two key leaders have joined the company to focus on two strategic growth areas for the Company: emerging markets and self-service channels. Yogesh Sangle has joined MoneyGram as senior regional director for Asia, and Andrew Typrin joins as the company’s vice president
Citi, the largest global issuer of self-owned and managed corporate cards is the first commercial card issuer to offer an exclusive suite of global, enhanced travel reports via Concur’s TravelTrax platform through a recent agreement with Concur, the leading provider of spend management solutions and services. With this new arrangement, the two industry leaders will
