KCB Bank Group has selected NetGuardians, a Swiss -based firm, to further enhance its capacity to ensure data security and mitigate risk. Allowing the bank group to use NetGuardians’ NG|Screener software solution has already earned the confidence of banking clients around the world. NG|Screener uses smart behavioural analysis to monitor and analyse all user activities
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless cards based on MasterCard PayPass technology. The certification process was completed in less than a month making the bank one
Taisys Technologies Co., Ltd. announced that Kenya’s leading bank Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys. Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and “duoSIM”. The
Leading online payments solution providers 3G Direct Pay and Payoneer have signed a new partnership agreement to provide lower-cost, more secure and easier means of making regional and global payments for the hospitality industry in Africa. This new partnership provides an end-to-end solution that allows hotels, airlines, and travel agents, among other players in the
In light of the Communications Authority of Kenya’s decision to give tentative approval to the roll out of the SIM overlay technology in the Kenyan mobile telecommunications market, Safaricom Limited states the following: We thank the Central Bank of Kenya and the CA for the preliminary inquiry into the integrity of the SIM overlay technology,
Visa, the global leader in payments, is launching a 6 month, countrywide campaign dubbed the Visa Chip and Pin campaign to raise awareness amongst cardholders on benefits of EMV chip cards in Kenya as they are safer from counterfeit and fraud activities. “The little chip that sits on the left side of your Visa card
The Authority has allowed Finserve Africa Limited, a subsidiary of Equity Bank to roll-out its services using the thin SIM technology, for a one year trial period. This follows contention by Mobile Service Provider, Safaricom over the use of the technology in the Kenyan market, citing possible security flaws. Addressing the press, CA Chairman Ngene
Interswitch Transnational Holding, the leading pan-African integrated payments company, announces it has reached a partnership agreement with the Paynet Group, East Africa’s leading multi-institutional payments provider, to combine its businesses. Interswitch will acquire a majority shareholding in Paynet Group and unrivalled existing shareholders will become shareholders of the Interswitch Group. Bernard Matthewman, current CEO of Paynet,
Bharti Airtel has unveiled an Airtel Money Premier VISA card that will enhance Premier customers experience and convenience on the company’s mobile money and banking services and ensure that they get added value. With this new card, Airtel money Premier customers will be able to shop and pay for goods and services using Airtel Money
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya. Commentary on Remittances for July 2014 Remittances to Kenya increased by 3.8 per cent to USD 117.1 million in July 2014 compared with USD 112.8
