Kenya Commercial Bank Launches In-House Processing Centre Built on TranzWare from Compass Plus

Posted on by wademinnie | 10930 Views | 6 min read

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that Kenya Commercial Bank, has launched its in-house processing centre built on TranzWare products from Compass Plus. Kenya Commercial Bank set out to replace its entire retail banking system, previously built on separate solutions from different

Equity Bank Unveils MVNO Strategy and Rollout Plan

Posted on by wademinnie | 9408 Views | 24 min read

Equity Bank has unveiled its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that is set to launch in July 2014. Equity Bank has hailed their MVNO as the ‘next big thing’: Equity 3.0. The Equity MVNO accords Equity Bank the opportunity to continue its mission of furthering financial inclusion and innovative service offerings

Airtel Kenya Introduces Airtel Money Self-Help PIN Reset Service

Posted on by wademinnie | 9167 Views | 3 min read

Airtel Kenya has introduced a self-help PIN reset service allowing Airtel Money customers to reset their access PINs instantly from their handsets without having to contact the call centre. To access the service customers will be required to register a secret password with Airtel Money in advance, which will be used to validate future PIN

NMB Launches Executive Network

Posted on by wademinnie | 8837 Views | 8 min read

The National Microfinance Bank (NMB) has launched a special Executive Network for large scale and medium enterprises and emerging corporates with an annual turnover of at least 2.5bn/-. The NMB Chief Executive Officer, Mr Mark Wiessing, said at the launch at the weekend in Dar es Salaam that the network will initially be limited to

ATM Solutions Zambia installs its 20th ATM for Cavmont Bank

Posted on by wademinnie | 9277 Views | 7 min read

ATM Solutions Zambia, a subsidiary of Paycorp, has installed its 20 ATM for Zambia’s Cavmont Bank. The installations to date have been located at Cavmont Bank branches across Zambia, with the latest being in the northern province of Mpulungu. ATM Solutions is largely driven by providing financial inclusion to people who otherwise have limited or

National Bank Taps into Kenswitch, Post Bank Networks

Posted on by wademinnie | 10481 Views | 12 min read

National Bank has announced strategic partnerships with Kenswitch, the national payments switch provider, and Post Bank, as it moves to enhance its distribution networks across the country. The new partnerships will provide all National Bank customers access to 1,200 Kenswitch’s ATMs services across East and Central Africa and also provision of agency banking services at

President Paul Kagame Receives Special Recognition At 2014 African Banker Awards for Rwanda’s Achievements

Posted on by wademinnie | 7002 Views | 19 min read

Rwanda’s President, Paul Kagame, has received a special recognition award at the African Banker Awards 2014 for Rwanda’s achievements, including spearheading the economic growth and transformation that the country has registered over the last 20 years. The annual event, which took place on Wednesday, May 21 at the ongoing Annual Meetings of the African Development

Safaricom’s M-Shwari has 7m Subscribers

Posted on by wademinnie | 8723 Views | 6 min read

Over seven million subscribers are now using Kenyan mobile operator Safaricom’s microfinance platform M-Shwari, according to George Ndegwa from the operator’s financial services division. Ndegwa was speaking at the 2014 Mobile Money and Digital Payments conference that kicked off in Johannesburg, South Africa yesterday. M-Shwari allows users to make use of the M-Pesa system to

The Bank of Mauritius Grants a New Banking Licence to Habib Bank Ltd to Conduct Islamic Banking

Posted on by wademinnie | 14476 Views | 5 min read

The Bank of Mauritius is pleased to announce that it has granted a new banking licence to Habib Bank Limited (HBL) to conduct Islamic banking business through a window operation, alongside its existing banking business. Mr Rundheersing Bheenick, Governor, Bank of Mauritius, handed over the new banking licence to Mr Abid Sattar, Regional General Manager,

Nettcash Mobile Money Services is Launched with an Innovative Set of Features

Posted on by wademinnie | 7611 Views | 13 min read

After more than a year spent building anticipation, Nettcash has officially launched its mobile money service. As most people had noticed for more than a year now, Nettcash has established an online presence with a website that gave an outline of their products (albeit with a coming soon tag) as well as a subtle offline