TWIGA Bancorp Limited (TBCL) and Tanzania Revenue Authority have launched a new service to help customers to pay taxes through a network of Tanzania Customs Integrated Systems (TANCIS). The Chairman of Board of Directors of TBCL, Prof Amon Mbelle, said in Dar es Salaam that the partnership was aimed at improving services to customers wherever
Fundtech, a market leader in global transaction banking solutions, announces that Standard Bank has selected Fundtech’s cash management solution, Global CASHplus, to provide real-time liquidity management, cash flow forecasting, and balance reporting services to its corporate customers. It will give the bank the ability to provide its corporate customers with improved liquidity through full visibility
Millions of Barclays customers now control their finances with easy-to-use smartphone apps and online banking technology allowing them to have the freedom to bank wherever and whenever they choose. Latest figures show the average Barclays customer visits a branch less than twice a month and uses Barclays Mobile Banking 26 times a month. Since the
VeriFone Systems, Inc. and Vantiv, Inc. a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes won The Banker Technology Project of the Year 2014 award in the Risk Management category for their industry-leading, multi-layered approach to reducing cardholder data security risk using end-to-end encryption. Read
Capitec Bank posted headline earnings growth for the six month period to end August 2014 of 21%. Headline earnings per share was also up 21% to 1018 cents. An interim dividend per share of 246 cents was declared, up from 203 cents a year ago. The bank reported that income was driven by client growth,
Solidarity Research, a division of trade union solidarity has released their annual Bank Charges Report. The report does a comparison of bank fees across South Africa’s top 5 banks, Standard Bank, Absa, FNB, Nedbank, and Capitec Bank. Their research found that Capitec bank has the lowest bank charges for personal transactional accounts, even for clients
The Authority has allowed Finserve Africa Limited, a subsidiary of Equity Bank to roll-out its services using the thin SIM technology, for a one year trial period. This follows contention by Mobile Service Provider, Safaricom over the use of the technology in the Kenyan market, citing possible security flaws. Addressing the press, CA Chairman Ngene
The latest version of the FNB Banking App for smartphones now offers customers the ability to send money across the border from South Africa to Zimbabwe and Mozambique. Since its launch three years ago, the banking App has seen rapid uptake in users and transactions, making the introduction of the cross-border money transfer service on
Existing and future Absa customers now have the opportunity to fully customise and build their own transactional banking accounts according to their needs and budgets, while enjoying a wealth of lifestyle features. The Absa Features Store intends to make the lives of the banks’ customers easier by providing them with more than just banking through
African payments provider iVeri, in conjunction with Calleo, a specialist business-to-business research and consultancy firm, has released a new whitepaper titled, “Accessing the Unbanked: Branchless Banking in Africa” Currently, only around 23% of adults in Africa have a bank account. One of the main reasons for this large unbanked population in Africa is geographical inaccessibility
