Nigerian online merchants have welcomed the launch of PayPal in the West African country, saying it will lead to a growth in internet transactions, though warning it needs to integrate with local platforms. HumanIPO reported earlier this week PayPal had become available in ten new markets, including Nigeria, Cameroon, Ivory Coast and Zimbabwe. Adeoye Ojo,
In line with his vision of entrenching a more professional and people-focused central bank, the Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has approved the redeployment of Deputy Governors in the Bank. With the new changes, Alhaji Suleiman Barau, Deputy Governor, Corporate Services Directorate is now the Deputy Governor, Operations Directorate.
More than 100 Marsabit County residents in the far flung Loiyangalani region have graduated from a customized financial literacy training programme delivered by the Equity Group Foundation. In keeping up with a growing demand for financial literacy in the region around Lake Turkana, this year’s Annual Lake Turkana Cultural Festival held at Loiyangalani culminated with
Cost, technological complexity, control and lack of education are the major issues facing the growth of internet payment services in Kenya. This is the position taken by Bardo Group, a new entrant in the online payment arena. Operating in the country since January 2014, the company whose head office is in Mauritius is also incorporated
With the world of internet transactions becoming more and more sophisticated, it’s now becoming more important than ever to keep our eyes peeled for secure online payment systems. Whether we’re using online banking or online shopping, internet security is a growing but very relevant concern. Thankfully however, there are a number of advanced online payment
Barclays Tanzania Limited has launched paperless banking product to its customers in move aimed to enhance the quality in delivery of its services. Speaking during the official launching ceremony in Dar es Salaam at the weekend, Barclays Retail Director, Mr Kumaran Pather, said that the service was designed to facilitate much ease in financial transactions.
Kenya Commercial Bank (KCB) in partnership with Visa has launched its MeCash prepaid card to allow users to make payments with more ease. Speaking at the launch, KCB managing director Samuel Makome said the world is going cashless and KCB is delighted to be part of the exciting journey. “In our effort to remain competitive
Capitec Bank, South Africa’s fastest growing retail bank for individuals, has announced the launch of its remote banking app. A key difference when comparing the app to other banking apps is that it can be accessed on both feature phone and smart phone. The Capitec Bank app also uniquely offers security via the phone and
Cardtronics, Inc. the world’s largest retail ATM owner, has announced its Allpoint surcharge-free ATM network will begin offering deposit-taking capabilities at more than 2,500 of its domestic ATMs nationwide by the end of the year. The new functionality will enable cardholders at participating financial institutions to deposit checks and cash directly into select ATMs without
Visa Inc. has released the Visa Everywhere Travel Report for the 2014 FIFA World Cup Brazil, which analyzes travel data and cross border spend on all Visa products, including credit, debit and prepaid payment cards. During the four-day opening period of the tournament (June 12 – June 15, 2014), Visa found that international visitors spent more than US$27M
