Western Union, a leader in money transfer and global payment services today announced that it has signed an agreement with AlexBank, the Egyptian subsidiary of the Intesa Sanpaolo Group, to offer Western Union® money transfer services in Egypt. Egypt accounts for over 40 percent of total remittance inflows to the MENA region and the country
Ogone Payment Services, an Ingenico company, announced the new assignment of Peter de Caluwe as Executive Vice President e-payment taking care of the global e-payment strategy while remaining CEO of Ogone. Jurgen Verstraete, Ogone’s Chief Operating Officer (COO), will be taking up the role of Managing Director Ogone and lead the daily operational management, starting
Visa in Kenya announced the launch of Visa Personal Payments (VPP) in collaboration with Equity Bank, East Africa’s largest commercial bank by customer base. Visa Personal Payments is a convenient, cost-effective and secure way for consumers to send funds directly to recipients with Visa cards, both domestically and internationally. Equity Bank is the first bank
The Board of FirstRand Limited announced that Jacques Celliers will succeed Michael Jordaan when he steps down as CEO of First National Bank at the end of this year to spend more time with his family. Dr Jordaan, who has commuted for 5 years to and from his family home in Cape Town, first indicated
Earthport, the UK listed cross-border payments service provider, today announced the roll out of a fully automated payment service into Morocco. According to the release Morocco is one of the top remittance destinations on the African continent and the second largest remittance country in North Africa with an estimated $6.4 billion worth of payments received in
VeriFone Systems, Inc., announced today new countertop, portable and mobile payment systems and mobile POS software designed for acquirers and ISOs. VeriFone’s new, future-proof payment acceptance systems include: VX 520 Color: A new version of the popular EMV-capable VX 520 that features a 3G option, a vivid LCD color display and provides an improved user
Cambria announced it has executed agreements with a subsidiary of Johannesburg based Nisela Capital (Nisela) relating to the placement of US$ 2 million in convertible debt into its Payserv subsidiary. Half the proceeds of the financing will remain with Payserv, the other half will flow to Cambria. Proceeds of the financing will be used to
MasterCard announced two appointments in the Asia/Pacific, Middle East and Africa (APMEA) region: Robert Keenan will be taking on the role of Asia/Pacific Region Lead for Debit and Jason Tymms will take over as Prepaid Lead for the Asia/Pacific, Middle East and Africa region. Rob, who has been with MasterCard since March 2005, will be
The Board of Directors of First Data Corporation, a global leader in electronic commerce and payment processing, announced that Frank Bisignano has been named chief executive officer (CEO), effective April 29, 2013. He will also join the First Data board of directors concurrent with his appointment. Prior to the appointment, Bisignano most recently served as
