After coming under fire recently from Carl Icahn, the activist investor who believes eBay should spin off 20% of its PayPal division, eBay has released the following statement: “PayPal and eBay are better together. That’s been true for the past five years, during which time PayPal and eBay have generated a 441% increase in share price for our
Consumers in Brazil have more options when they send and receive money transfers thanks to an agreement with MoneyGram, a global money transfer and payment services company and São Paulo, Brazil-based Confidence Câmbio. Customers can now use MoneyGram services at 69 Confidence Câmbio stores across the country. “Aligning with Confidence Câmbio will assist with growth
Standard Bank Group Limited has reached agreement with Grupo Financiero Inbursa SAB, the listed Mexican banking group, (“Inbursa”) in terms of which Inbursa will acquire Standard Bank’s Brazilian licensed banking subsidiary, Banco Standard de Investimentos S.A. (“BSI”) for a price to be determined with reference to the closing net asset value of BSI, which is
American Express Company has announced that it has signed an agreement to create a joint venture for its Global Business Travel division (“GBT”). Under the agreement, American Express will share ownership of the joint venture with an investor group led by Certares. In the proposed transaction, American Express will separate its GBT operations into a
Nigeria’s Kuluya Games has introduced an SMS in-app payment option allowing players to buy items via SMS. Lakunle Ogungbamila, chief executive officer (CEO) of Kuluya Games, told HumanIPO the integration is operator-driven. “Basically it’s operator-driven, meaning game players can buy items with SMS. The way we have integrated it is that once a player decides
Ingenico a provider of payment solutions, announced the deployment of an innovative fiscal solution, along with its local partner Etranet Group. This solution has been implemented for Hrvatski Telekom, the leading provider of telecommunication services in Croatia. Further to the implementation of a fiscal law in Croatia, Ingenico in partnership with Etranet group (Croatian specialist
FNB kicked off the 2014 Teach Children To Save South Africa (TCTS SA) Programme in association with the Banking Association of South Africa at the Ntemoseng High School in the Botshabelo Township in the Free State on Friday 7 March. “We look forward to this campaign every year because financial literacy is not just for
Mahindra Comviva, a provider of mobility solutions, has announced the launch of its mobiquity Wallet, a cutting-edge digital wallet platform. This is amongst the first of its kind fully integrated digital wallet platform that supports NFC, QR codes and Bluetooth Low Energy (BLE). It will offer security, ease of use and rich features to the
Ecobank shareholders meeting at an Extraordinary General Meeting today passed the Governance Action Plan proposed by the Board of Directors in compliance with the recommendations of the Securities & Exchange Commission (SEC) of Nigeria and contained in a joint report by SEC and the international firm, KPMG. The implementation of the detailed 51 point plan
VeriFone Systems, Inc., a provider of secure electronic payment solutions, has announced financial results for the three months ended January 31, 2014 (“Q1 FY14”). GAAP net revenues were $436 million, compared to $429 million a year ago, a 2% increase. Non-GAAP net revenues for Q1 FY14 were $437 million, compared to $430 million a year
