FNB has announced that more than R10bn has been sent to recipients via its mobile money solution, eWallet in South Africa, since its inception. Fifty-three percent, R5.3 billion, of the R10 billion was sent in the last year alone (May 2013 to April 2014), proving that mobile money is fast becoming an accepted replacement for
A petition has been launched on Change.org asking PayPal to bring its online payment service to Nigeria by Lagos-based design company CreativityKills. The petition, which at the time of going to press had 88 supporters, said, though being citizens of the country with the largest economy in Africa, Nigerians that want to take part in
Edgetech Solutions, a banking solutions company based in Zimbabwe-Harare, will soon launch a mobile payment application that uses NearBytes technology to transmit payments through sound. The solution named Edgepay integrates Edgetech systems, NearBytes and POS APIs to build a solid Mobile Payment application. With this app, which will be released for iOS and Android platforms
Diners Club International Ltd., a business unit of Discover Financial Services and part of the Discover Global Network, and Bangkok Bank, a leading bank in Southeast Asia, will go live with merchant acquiring in Thailand. Under the agreement, merchants using the Bangkok Bank terminal network will be able to accept Diners Club International, Discover, BC
Alizz Islamic Bank SAOG, Oman’s newest Islamic Bank, has announced that it has jointly won the ‘‘Best Branch Automation Project Award in the Middle East” along with NCR Corporation, the global leader in consumer transaction technologies. Alizz Islamic Bank won the award at The Asian Banker’s Middle East and Africa Country 2014 award ceremony, becoming
MasterCard has announced enhancements to its industry leading security efforts, providing U.S. cardholders with greater protection from fraud and identity theft. “Fraud prevention and detection is a 24/7 job at MasterCard. The changes that we’re making in cardholder protection combined with our efforts to move the U.S. payments industry to EMV chip technology will help
DISH has announced that it will become the largest company to accept bitcoin. As the first subscription model pay-TV provider to make this move, DISH will begin accepting bitcoin payments from customers starting in the third quarter. DISH Network L.L.C. is a wholly owned subsidiary of DISH Network Corporation. “We always want to deliver choice
Kenya’s Equity Bank plans on issuing subscribers with ultra-slim SIM cards to access mobile money accounts provided by the bank while saving users the trouble of migrating networks, according to a report. The company was last monthgranted a mobile virtual network operator licence by the Communications Authority of Kenya (CAK) and this weekannounced its rollout
With Nigeria having recently eclipsed South Africa as the continent’s biggest economy, it is worth taking a look the nation’s progress from the perspective of a service which is indispensable to the modern way of life – electronic payments. And electronic payments, in turn, depend on suitable telecommunications and banking infrastructure. The pace of change
The Western Union Company, has announced the launch of a new web site in Nigeria. The Nigeria launch represents the first receive-enabled Western Union web site, globally. “Western Union is growing its network and increasing consumer access to our services worldwide,” said Khalid Fellahi, senior vice president and general manager, Western Union Digital. “The launch
