Guaranty Trust Bank plc has been adjudged the “2014 African Bank of the Year” for the 2nd consecutive time by African Banker Magazine in an announcement made on Wednesday, 21st May, 2014 at the awards ceremony that held at Kigali Serena Hotel, Rwanda. The African Banker Awards is one of the biggest annual events that
ATM Solutions Zambia, a subsidiary of Paycorp, has installed its 20 ATM for Zambia’s Cavmont Bank. The installations to date have been located at Cavmont Bank branches across Zambia, with the latest being in the northern province of Mpulungu. ATM Solutions is largely driven by providing financial inclusion to people who otherwise have limited or
Hamburg-based secondary research organization yStats.com has released a new report: “Global Online Payment Methods: First Half 2014“, which reveals that credit cards continue to have the largest share of global B2C E-Commerce payments and are likely to maintain that lead in the near future. However, the fastest growing alternative methods, digital wallets and mobile payments
National Bank has announced strategic partnerships with Kenswitch, the national payments switch provider, and Post Bank, as it moves to enhance its distribution networks across the country. The new partnerships will provide all National Bank customers access to 1,200 Kenswitch’s ATMs services across East and Central Africa and also provision of agency banking services at
PagBrasil has announced the availability of its new module for the leading e-commerce platform Magento. The plugin supports all major local payment methods, including domestic credit cards, Brazilian debit cards, boleto bancário and online banking transfers. “Responding to merchants’ demands, we are proud to announce the launch of the Magento module” comments Ralf Germer, CEO
Rwanda’s President, Paul Kagame, has received a special recognition award at the African Banker Awards 2014 for Rwanda’s achievements, including spearheading the economic growth and transformation that the country has registered over the last 20 years. The annual event, which took place on Wednesday, May 21 at the ongoing Annual Meetings of the African Development
Over seven million subscribers are now using Kenyan mobile operator Safaricom’s microfinance platform M-Shwari, according to George Ndegwa from the operator’s financial services division. Ndegwa was speaking at the 2014 Mobile Money and Digital Payments conference that kicked off in Johannesburg, South Africa yesterday. M-Shwari allows users to make use of the M-Pesa system to
MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in recognition of its far-reaching achievements in extending financial inclusion across Africa. The Award recognises MasterCard as the company that best succeeded in delivering financial products and services to broad segments of society, thus contributing to financial inclusion, development and growth.
Credit cards gained market share against debit and prepaid cards for the third year in a row in 2013, according to the annual report on U.S. payment card spending at merchants published by The Nilson Report, the top trade newsletter covering the card and mobile payment industries. The purchase volume — spending for goods and
eBay Inc. has said it will be asking eBay users to change their passwords because of a cyberattack that compromised a database containing encrypted passwords and other non-financial data. After conducting extensive tests on its networks, the company said it has no evidence of the compromise resulting in unauthorized activity for eBay users, and no
