Backed by a staggering over 9.6bn/- financial muscle and over 12,476 members, Tanzania Prisons Savings and Credit Cooperative Society (TPS-SACCOS) has everything to convince Bank of Tanzania (BoT) Governor, Professor Benno Ndulu grant them commercial banking licence. Home Affairs Minister, Mr Matthias Chikawe, told representatives of TPS SACCOS Ltd that growth of the savings and
Xoom Corporation, a leading digital money transfer provider, now offers instant deposits to most banks in Pakistan through HBL. Pakistanis in the U.S. can now use Xoom to instantly send money to their loved ones’ rupee account anytime, anywhere, using any device. Xoom’s instant service is available 24 hours a day, seven days a week,
SA banks have achieved slightly higher customer satisfaction scores than last year, although expectations seem to be rising, according the South African Customer Satisfaction Index (SAcsi) released. The overall score was 76.3 out of 100 (2013: 75.6). The banks measured were FNB, Absa, Nedbank, Standard Bank and Capitec. They were selected on the basis of
United Bank for Africa (UBA) Plc has introduced an innovative online banking solution called U-Social, which offers flexibility and convenience to customers who desire to do banking transactions on social media using their Facebook account. U-Social is designed to promote financial inclusion and to make the bank’s services available to customers regardless of the time
MasterCard announced a partnership with Steward Bank, Zimbabwe’s most innovative bank, which will make remittance services available to the bank’s more than 1.5 million account holders. For the first time, the bank’s customers will be able to receive funds sent by family and friends abroad directly into their Steward Bank accounts. This is through international
Sallie Mae Bank – the retail banking arm of Sallie Mae – announced it has been named a best online bank of 2015 by GOBankingRates, a leading personal finance site. “Sallie Mae consistently delivers customers high interest rates on deposit products, a necessity for savers in this low interest rate environment,” said Casey Bond, managing
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced the expansion of its relationship with PKO BP, the largest bank in Poland. ACI will support the bank’s ambitious growth plans in one of Europe’s most innovative and fastest-growing markets. The new agreement will see PKO utilize ACI’s UP Consumer Payments offerings
CfC Stanbic Bank has opened the first ever digital experience bank branch in the country. The branch, in Mombabsa’s Nyali Centre Mall, is set to radically alter the way customers take care of their financial needs and conduct their daily banking business. CfC Stanbic Bank’s focus is on enhancing the way Kenyans engage with their
Xoom Corporation, a leading digital money transfer provider, and Banco Agrícola, the largest bank in El Salvador, have collaborated to offer instant bank deposits to all Banco Agrícola accounts, as well as a cash pickup service. These new services allow Xoom customers to instantly send money directly into any Banco Agrícola account or have recipients
FNB’s cardless cash withdrawal has achieved its four year milestone with over R2 billion withdrawn since its launch in February 2011. The feature, added to the existing cellphone banking platform which launched in 2005, answers the need of customers who want to withdraw cash from an ATM but do not have a card present at
