The Bank of Tanzania (BoT) is considering the use of Short Message Service (SMS) to educate the public on legal tender security features, being part of strategies to prevent fabrication and distribution of counterfeit notes. Commenting on the seriousness of the matter, Senior Clerical Officer from the BoT, Directorate of Banking, Ms Rehema Zongo admitted
KCB Group and Safaricom Limited, two of East Africa’s most successful companies have announced a far-reaching strategic partnership that is expected to reshape how tens of millions of consumers in Kenya access financial and telecommunication services. The partnership is expected to be a game-changer, bringing together the region’s leading mobile operator and bank, who both
While technology is changing every aspect of banking operations, 77 percent of participants in a recent survey say the greatest impact will be on customer satisfaction and regulatory compliance. Some regulators, however, believe banks are moving too slowly. “The Benefits of Innovative Information Technology in the Banking Industry” was conducted by the Frankfurt School of
One-quarter (25 percent) of UK consumers would consider using a pure digital bank – a bank with no branches or call centres that is only accessible via laptops and mobile devices, according to the latest survey of UK current account customers conducted by Accenture. Customers aged 25 to 34 are most keen on the idea
Visa’s logo is visible almost everywhere during soccer’s World Cup, but its reception may be a little frosty at baseball’s All-Star game Tuesday. That’s because the Minnesota Twins, which are hosting the game, are suing Visa and MasterCard for gouging them every time a fan buys a ticket with a credit card. These unfair, uncompetitive
uAfrica.com, a leading South African eCommerce technology company, has announced the launch of the first phase of its expansion plan into the rest of Africa. The first phase targets Nigeria with a trial Proof of Concept (POC) partnership with MTN Business customers who will be able to develop their own online shops through uAfrica.com. Phase
Microsoft has partnered with leading Kenyan telecom Safaricom to make it possible for customers to download apps from the Windows Phone Store and make payments using their mobile phones, opening a reliable revenue channel for the developer community. Mobile operator billing services will target the growing number of Windows-based smartphone users who previously had to
As part of its ongoing efforts to evolve technology and bring strong talent to the financial and technology industries, MasterCard is partnering with Women 2.0 to host networking events in the U.S. and Europe, designed to inspire and connect innovators and future leaders in tech. Women 2.0 is a connecting force between aspiring and current
NCR Corporation, has announced that Independent Solutions (IS) – an Australian point of sale solution provider owned by Metcash, has selected NCR point-of-sale (POS) technology solutions to help its independent retail customers offer enhanced services in their stores. As part of this program, NCR will deploy more than 100 NCR self-checkout solutions and 150 POS
Pogopost has announced its selection by the Victoria & Albert Museum as a technology partner to enable fans of the museum’s iconic images to send them as postcards to friends and family straight from their phones, thanks to an in-app payment solution provided by Ingenico Payment Services. The Pogopost app permits iPhone users to share
