TSYS announced expansion of its cloud and tablet-based point-of-sale technology offerings by forming a strategic partnership with ShopKeep POS. Designed and built by an experienced small business owner, ShopKeep makes it simpler for active and aspiring retail shop and restaurant owners across the country to start, manage and grow a successful business all from an
The former NBC Bank Managing Director Mr Lawrence Mafuru has been elected CRDB Bank independent director by the bank’s stakeholders at a meeting held at Arusha International Conference Centre (AICC) over the weekend. Mr Mafuru was NBC Managing Director from June 2010 until December 2012. He now works in the President’s Delivery Bureau (PDB) as
iZettle, a European provider of mobile payment services and apps, has closed a €40 million Series C funding. London-based growth investor Zouk Capital led the round, with participation from Dawn Capital and Intel Capital, and Series A and B investors Creandum, Greylock Partners, Index Ventures, Northzone and SEB Private Equity. Investors in previous rounds included,
The Western Union Company has reported financial results for the 2014 first quarter. The Company also affirmed its full year financial outlook, which was previously provided on February 11, 2014. The Company continues to focus on executing strategies to strengthen the consumer money transfer business, with an emphasis on digital expansion; to drive growth in
KCB Group has won major awards in the prestigious annual Banking Awards announced on Wednesday evening. The largest bank in the region in terms of asset base and branch network, emerged the winner in four categories namely Best Bank in Agency Banking; Best SME Bank; Best Asset Finance and Best Recovery Bank which went to
PayPal announced transformational changes to its brand identity, including the unveiling of a new logo. The new look reflects PayPal’s simplicity, convenience and security, redesigned for today’s dynamic, mobile-first world. This is the first time PayPal has updated its identity since 2007. “Our new brand identity goes far beyond an updated logo,” said David Marcus,
MasterCard Incorporated has announced financial results for the first quarter of 2014. The company reported net income of $870 million, up 14%, and earnings per diluted share of $0.73, up 18%, in each case versus the year-ago period. Net revenue for the first quarter of 2014 was $2.2 billion, a 14% increase versus the same
Global commerce platform and payments leader eBay Inc. has reported that revenue for the first quarter ended March 31, 2014, increased 14% to $4.3 billion, compared to the same period in 2013. Non-GAAP earnings increased 11%, to $899 million or $0.70 per diluted share, over the prior year, driven by strong top line growth. A
Fiserv, Inc. has announced that U.S. Bank has enhanced its existing person-to-person (P2P) payment service with an Instant Payment option, as well as the ability to request money and send personalized digital greeting cards along with payments. These new features are available via U.S. Bank online and mobile banking, giving U.S. Bank customers more ways
Visa Inc. has announced financial results for the Company’s fiscal second quarter 2014. Net income for the quarter was $1.6 billion, an increase of 26% over the prior year, or $2.52 per share, an increase of 31% over the prior year. These results include a tax benefit of $218 million of which $201 million relates
