The MD of GCB Bank, Anselm Ray Sowah has stated that GCB’s strong performance has increased significantly despite the challenges in the banking industry. He explained that the Bank had to deal with challenges as a result of cost hike and attendant low profit associated with the Purchase and Assumption of two banks in 2017.
Standard Bank is leveraging its digital capabilities to create superior digital platforms that enhance customer experience and enable easy and affordable access to banking services. As part of this, the bank has launched several innovative and digital firsts. This week Standard Bank introduces a R4.95p/m bank account called MyMo that customers can open on their
The specification enables the creation of a virtual payment terminal and the icon facilitates easy consumer recognition of remote-checkout environments that offer a consistent card-based payment acceptance experience. EMVCo has released EMV Secure Remote Commerce (SRC) Specification v1.0, which is available for free public download from the EMVCo website. The specification provides a foundation that
SWIFT has been awarded the license to offer connectivity services to all Eurosystem market infrastructures via the European Single Market Infrastructure Gateway (ESMIG). SWIFT has announced that it has been awarded a license to provide ESMIG connectivity services from November 2021, as a Network Service Provider for the Eurosystem’s TARGET Services. SWIFT’s appointment through the
Altron Bytes MS and Renovite to deliver 21st century ATM services. Leading technology firm Altron Bytes Managed Solutions (Altron Bytes MS) and payments specialist Renovite Technologies have announced a new strategic partnership which will revolutionise the ATM channel. The agreement will see the two businesses help financial institutions bring innovative new services to market, echoing
US consumer adoption has grown 29.5% in the last four years 96% of global consumers are aware of at least one money transfer and payment FinTech service One-quarter of small and medium-sized enterprises use FinTech, with a 23% adoption rate in the US Financial technology (FinTech) adoption among consumers has nearly doubled over the past
Partners with Cellulant, bringing new payment capabilities across Africa, starting with Nigeria, Kenya, Tanzania, Ghana and Uganda. Adyen, the payments platform of choice for many of the world’s leading companies, has announced the expansion of its payment network to a number of major African markets, further increasing its capability to offer key payment methods around
Considering global market demand for independent and standardized payment solutions, G+D Mobile Security and IDEMIA announce their intention to create the White Label Alliance (WLA) to provide a new security solution for next generation payment applications. The solution will be based on White Label EMV specifications and will enable ready-to-deploy solutions for domestic payment schemes
Worried by the increasing rate of the unbanked population, the Federal Government, through the Central Bank of Nigeria (CBN), kicked off a campaign in 2012 to achieve 80 per cent financial inclusion of adult population by 2020. The CBN carried out the campaign through agency banking, mobile banking/mobile payments, linkage models and client empowerment, to
Tanzania’s ClickPesa is entering into a partnership with Dutch Payment facilitator Ai2. The partnership provides farmers in the agriculture and horticulture industry in Tanzania a quicker and cheaper way to receive payments from buyers in Western Europe. The partnership will create substantial value for farmers based in Tanzania enabling them to collect payments directly from
