More than 500,000 Tanzanians have so far subscribed with M-Pawa banking service with deposits 4bn/- within less than three months since it was launched in Dar es Salaam. The service operated jointly by Vodacom Tanzania and the Commercial Bank of Africa (CBA). M-Pawa is mobile phone based bank in the sense that it make it
MTN Rwanda has partnered with Kenya Commercial Bank (KCB), RSwitch and I&M in an effort to allow MTN customers to transfer money between their Mobile Money and KCB accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs without the use of a bank card. The new service
Bitcoin competitor oSwift offers complimentary online marketing, online marketing jobs, an online marketplace, online marketing tools and zero commission online advertising. All listings are priced in Bitcoin or Swiftcoin at user’s discretion. The oSwift cryptocurrency and Bitcoin market help consumers discover where to spend Bitcoin, new online marketing strategies, online marketing tools and where to
Visa Inc. has announced the opening of One Market, a 112,000 square foot innovation center and office space at One Market Street in San Francisco. The move provides Visa technologists, clients, partners and the Bay Area tech community an innovative space to jointly develop the next generation of commerce applications. According to ABI Research, more
ACI Worldwide, and Retail Decisions (ReD), a leader in fraud prevention solutions, have announced that they have entered into a definitive transaction agreement. Under the terms of the agreement, ACI Worldwide will acquire ReD for an all-cash purchase price of $205 million and expects the transaction to close in the middle of the third quarter,
Visa is looking to displace cash in Africa wherever they can by introducing and familiarising people to various e-payment technologies. This is according to Mandy Lamb, Visa’s Country Manager for South Africa, who held a media briefing last week to discuss Visa’s plans in Africa. Mandy pointed out that one must no longer think of
Exim Bank Tanzania has launched a special branch stimulation training for its staff in a move aimed at enhancing efficiency in delivery of services. New members of staff are scheduled to get an average of 56 hours of training, while others would have a minimum of 160 hours of ongoing classroom exposure. Speaking at the
The Central Bank of Kenya (CBK) has reported KSh6.2 billion (US$71 million) is transacted every day via mobile money, up from a daily average of KSh5.2 billion (US$59 million) last year. The Business Daily reports CBK data revealed that KSh543 billion (US$6.2 billion) changed hands in 206 million transactions conducted through mobile phones in the
Following the successful acquisition of ElectraCard Services Private Limited, (“ECS”), MasterCard has announced that it has appointed Ram Chari as Chief Executive Officer of ECS. Based in Pune, India, Mr. Chari will lead the electronic payments solution provider in delivering the full spectrum of processing solutions and services to enhance MasterCard’s offerings across Asia/Pacific, Middle
Small businesses now have a new way to drive repeat business and word of mouth marketing: the customer sales receipt. ShopKeep has announced Custom Email Receipts, a significant enhancement to its point-of-sale solution that hits the market just one week after a range of other upgrades targeted at bars and restaurants. Small Business owners can
