One year on from the easing of US sanctions in Myanmar, MasterCard and CB Bank have announced their first payment product in the country – a prepaid travel card for locals called the CB Bank EASI Travel Prepaid MasterCard card. The reloadable prepaid card will be made available to Myanmar residents for when they travel
ARM Insight, Inc., a provider of transactional analytics and business intelligence for the prepaid debit card industry, announced that it has signed a reseller agreement with FIS Global. The reseller agreement allows FIS Global to market ARM’s Prepaid Management Platform (PMP), to bring advanced analytics capabilities to banks and other financial institutions on its FIS
MasterCard has announced the launch of the Priceless Africa campaign in Nigeria, a part of the global Priceless Cities campaign; that aims to reward consumers in Nigeria for their loyalty and to enhance their journey towards embracing cashless transactions. Nigeria will be joining the current 26 MasterCard Priceless destinations across the globe, as consumers get
One frequently overlooked business expense is credit card processing. Owners tend to grab the first offer they receive. Since it is typically only a small percentage of each sale, many business owners do not think twice about how much it costs them each month. If you’re still using the same credit card processing company you
Discover Financial Services has become the latest payment network to join the growing membership of EMVCo, the EMV® standards body. Discover will work alongside EMVCo’s existing members to manage and evolve the contact and contactless EMV industry specifications to facilitate worldwide interoperability and acceptance of secure chip payment instruments. Discover has acquired a one-sixth share
Payment solutions firm Paynet Group has announced an upgrade of its systems for issuing EMV chip cards, as Kenya moves towards the March 2014 deadline for switching to the new technology. Karimi Ithau, Paynet Group general manager, said the company has also invested in security standards in data centres to safeguard against rising cases of
Chase Bank (K) Limited, Naivas Supermarket and Visa have announced a partnership to launch a secure prepaid card for shopping convenience in Kenya, featuring the latest chip-based technology to cut the risk of fraud. The prepaid card, which is based on EMV chip technology, allows users to better manage their finances by eliminating the need
Arsenal Football Club has announced a partnership with Imperial Bank to issue co-branded debit cards throughout Kenya and Uganda. The three year partnership is the first major international financial agreement of its kind for Arsenal, and continues to build on the strong support for the Club in Africa. The card will offer a range of Club-related
Xpertek Group’s loan finance solution, Acquire, is now being used in the consumer credit market, for online shopping, and in the cellular product space. Subsequent to the launch of the credit card solution last year, Xpertek implemented the solution at AFB, where it is used as a retail credit solution for merchants operating within sub-Saharan
Two million low-income Turkish citizens will receive their welfare funds on MasterCard Prepaid Cards. That means beneficiaries such as widows, the disabled, and the elderly, will no longer have to wait in queue for hours on end to get their money. Their benefits will be given to them faster and much more securely. Electronic payments
Receive Regular news of the latest in payments straight to your inbox.
