The Central Bank of Nigeria’s cashless policy is the key to the country’s fast economic development, according to Charles Ifedi, chief executive officer of Verve International. In an interview with HumanIPO, Ifedi said electronic payment technologies which further the cashless policy must be made available to all Nigerians for the benefits of economic development to
Equity Bank Group’s investment banking subsidiary-Equity Investment Bank-has announced the signing of a collaborative agreement with global investment services firm, Exotix Partners LLP, as part of its market development strategies. The signing of the agreement, will allow the two Investment Banking players to collaborate closely on their respective research, sales and trading platforms. Based in
The Ministry of Finance is in the process of developing a financial inclusion strategy to ultimately increase access to financial services. The Ministry will also work closely with the Bank of Ghana and the private sector to find a lasting solution to challenges of the retail payments system. Hon. Mona Helen Quartey, Deputy Minister for
Kenya’s Co-operative Bank has launched a mobile banking service, allowing customers to conduct all their banking via their phones. The service – named M-Co-op Cash – will enable customers to open bank accounts, apply for loans, transfer funds, make utility payments, top-up airtime, as well as make mobile cash withdrawals, reports Business Daily. The bank
First National Bank and NCR Corporation, the global leader in consumer transaction technologies, won the award for “Best ATM and Kiosk Project in Africa”, at The Asian Banker’s Middle East and Africa Country 2014 Award ceremony. FNB was the only bank in Africa to win an award in this category and was joined at the
Headline earnings from continuing operations increased 12% to R9 338m. However, headline earnings which were negatively affected by the performance of discontinued operations, increased by 2% to R8 306m. Headline earnings per share were up 1% while the group’s return on equity showed a decrease to 12.7% from 13.8%. As communicated to shareholders in June
hyperWALLET Systems Inc., a global payments provider, offers advanced payment solutions for corporations with global payment needs. hyperWALLET has recently launched low-cost payment services to Nigeria, enabling companies to pay individuals in-country via direct-to-bank money transfers and reloadable prepaid debit cards. Traditionally, making payments to Nigeria can be an expensive and challenging process for businesses
Fiserv, Inc. , a leading global provider of financial services technology solutions, has released a white paper for financial institutions that highlights the unique digital banking needs of business customers, with a focus on mobile banking. Titled “Riding the Digital Wave for Business Banking, Propelled by Mobile,” the white paper discusses how financial institutions can
Kenyan startup Kopo Kopo has launched external bank transfers, giving their clients another option of withdrawing funds aside from through their Kopo Kopo account to a bank account or M-Pesa wallet. “It should now be easier for you to pay suppliers, landlords, utility providers – you name it! At your request, we’ll transfer the amount
Twiga Bancorp has announced plans to fully incorporate internet and mobile banking before end of this year to widen access and convenience to customers. The Bank’s Acting Chief Executive Officer, Mr Wallace Msemo, told the ‘Daily News’ in an exclusive interview here during the just ended Nane Nane exhibitions that the software developers were expected
