Kopo Kopo has announced that they have now processed over 1 million transactions. A statement on their blog said, “We’re thrilled to announce a big milestone for Team Kopo Kopo. A few weeks ago, we processed our 1,000,000th payment via Lipa na M-PESA. Our first live Lipa na M-PESA payment was for six bottles of
A new report from Juniper Research has found that the annual transaction value of online, mobile and contactless payments will reach $4.7 trillion by 2019, up from just over $2.5 trillion this year. The report – Digital Payment Strategies: Online, Mobile & Contactless 2014-2019 – observed that the largest net increase in spend would occur
Bluefin has partnered with GoSmallBiz.com to provide their QuickSwipe mobile point-of-sale system to GoSmallBiz.com clients. GoSmallBiz.com provides business consulting, mentoring, tools and services for small business owners and entrepreneurs. Adding this mobile payment processing solution gives on-the-go small business owners the ability to accept payments anywhere, any time. “Our members want flexible, valuable business tools
In an effort to reward its most loyal customers, Econet this week introduced a loyalty program, the Econet Platinum Card. Under the program, holders of the loyalty card will get preferential access to some Econet services, Econet shops and the call centre. The members will also get exclusive access to some packages from partner companies
Holding a third of the world’s 61 million active mobile money accounts, Kenya is the clear global leader in digital finance. Across East Africa, Kenyan agents generate the highest amount of transactions per agent, but the lowest amount of profits in the region. Surprisingly, Kenyan agents earn a lower median profit per month ($70) than
Online money transfer service WorldRemit has partnered operator Tigo Tanzania to allow individuals sending money to friends and family living in Tanzania to have the funds delivered to a Tigo Pesa mobile wallet. The deal is available for customers sending money from the 35 countries in which Tigo has a presence, with the companies saying
Groupon, Inc. announced the appointment of Ann Ziegler as an independent director, effective immediately. Ms. Ziegler’s appointment expands the board to eight directors, six of whom are independent directors. Ms. Ziegler will be a member of the firm’s Compensation and Nominating and Corporate Governance Committees. Ms. Ziegler is Senior Vice President and Chief Financial Officer
Payment Alliance International (PAI), a leader in retail ATM solutions, and OnPoint Community Credit Union has announced they have entered into an agreement to brand ATMs at all 72 Rite Aid pharmacies in the state of Oregon. PAI will own and operate the ATMs which will be outfitted with OnPoint Community Credit Union’s branding. OnPoint
SWIFT’s RMB Tracker shows that the RMB is now the second most used currency for cross border payments with China and Hong Kong. In May 2014, 12% of cross border payments with China and Hong Kong were done using the RMB, up 36% from one year ago. The US Dollar remains in the top position,
The FNB Banking App has published its latest version to App stores and it is packed with new features, a new look and feel, account opening, personalised customer offers and inward SWIFT payments from abroad. The refreshed look and feel makes the App visually more appealing, and more importantly, even easier to use. The FNB
