The Bank of Mauritius is pleased to announce that it has granted a new banking licence to Habib Bank Limited (HBL) to conduct Islamic banking business through a window operation, alongside its existing banking business. Mr Rundheersing Bheenick, Governor, Bank of Mauritius, handed over the new banking licence to Mr Abid Sattar, Regional General Manager,
Standard Bank has announced the launch of their mobile payment app, SnapScan. This is the bank’s first mobile payment offering that allows merchants to receive payments from their customers through a combination of a QR code and a secure PIN number. According to Standard Bank’s Head of Innovation and Channel Design, Vuyo Mpako, “We are
Nedbank was recently awarded first prize in the Banking category at the annual South African Service Awards held at Melrose Arch, Johannesburg. The awards recognise leaders in customer-centred service across five industries: banking, short‑term insurance, telecommunications, security and travel. This marks the second consecutive year that Nedbank has won the coveted Financial Services: Banking award
Jovago’s customers are responsible for the company’s rapid expansion, according to Nigeria managing director Marek Zmyslowski, who told HumanIPO the company has experienced amazing growth in Nigeria and is now looking further afield. “In order to fulfill the needs of our Nigerian customers travelling abroad and still wanting to use Jovago.com, we have opened offices
The Western Union Company has announced the expansion of its services in Malaysia with the launch of its dedicated business payments unit, Western Union Business Solutions. In addition to its consumer-to-consumer money-transfer service, Western Union will now provide corporate businesses, particularly small- and medium-sized enterprises (SMEs), with international payment and foreign-exchange products to improve their
The point of sale (POS) retail market is evolving like never before, as traditional paper-based payments (cash and check) have increasingly lost favor with consumers and merchants and are quickly being replaced by plastic cards and alternative payments. Javelin Strategy & Research released 2014 Retail Point of Sale Payment Forecast: The Mobile Payment Square-Effect and
Fiserv and the University of Connecticut School of Business, one of the top public business schools in the nation, have announced that Fiserv is participating in the university’s Financial Accelerator Program to help educate students and foster innovation. The Financial Accelerator Program was established in 2002 to create opportunities for UConn students and faculty to
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 300 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a marginal increase in ATM withdrawal levels for March. The SCI revealed a month on-month increase of 0.29% in average cash withdrawal figures for
After more than a year spent building anticipation, Nettcash has officially launched its mobile money service. As most people had noticed for more than a year now, Nettcash has established an online presence with a website that gave an outline of their products (albeit with a coming soon tag) as well as a subtle offline
GoDaddy, the world’s largest technology provider dedicated to small businesses, has announced Suvidhaa, a Suvidhaa Infoserve Pvt. Ltd. (SIPL) franchise, has purchased Suvidhaa.com as a key part of its global expansion. The payment company allows customers to pay cash for necessary bills and services such as travel, utilities and entertainment at convenient locations including grocery
