Air Uganda in conjunction with the leading Mobile Money service provider MTN has introduced a new, fast and convenient mobile money payment option on its billing platform. The new payment option enables customers to pay for their air tickets using their MTN mobile phones. The move comes as part of Air Uganda’s desire to empower
The Kenyan banking industry has successfully upgraded its Automated Teller Machine (ATM) network following an industry wide initiative that was spearheaded by the Kenya Bankers Association (KBA), the industry umbrella body. In an effort to enhance ATM security in the country, KBA members have adopted the global standard known as EMV, which is based on
Ecobank Transnational Incorporated, the leading pan-African banking group, is pleased to announce the official opening of its Ethiopian representative office in Addis Ababa. This brings the total number of countries in Sub-Saharan Africa in which Ecobank has a presence to 35. The Group obtained a license to operate a representative office in July 2013. The
Equity Bank and PayPal announced that merchants in Kenya can now sell to PayPal’s global customer base of more than 137 million active accounts in 193 markets around the world and move the proceeds to their Equity Bank accounts. This new service allows PayPal users to withdraw funds to their qualifying Equity Bank accounts from
Leading Regional East African retail chain Nakumatt Holdings Limited today launched the Nakumatt Global Prepaid MasterCard card, in partnership with Kenya Commercial Bank and Diamond Trust Bank. The new card, which is EMV compliant, replaces the current Nakumatt Cybercash loyalty smartcard and provides a range of enhanced benefits and security features. With the multicurrency Nakumatt
KCB Bank Group has today made a key milestone in its technology-driven innovation targeting the unbanked population by launching a new product dubbed KCB M-Benki, the first in Kenya and the region. KCB M-Benki, will be accessed through the phone, and it allows any individual to easily open a bank account through the KCB Mobi
Bango and MMIT have released M-Iflọ, a payment solution that enables online transactions for digital content. M-Iflọ navigates the mobile payment environment in Sub-Saharan Africa and is tailored to the needs of the industry leaders in mobile content. Africa’s growing population of smartphone users are young, tech savvy and early adopters by instinct. But when
Three million Zimbabweans who use the EcoCash Wallet can now also operate a savings account. Econet Wireless has launched a new service called EcoCashSave, which allows an EcoCash customer to move money from their eWallet to an interest bearing account in a matter of seconds. Whilst banks generally do not give interest on deposits of
In order to improve and track the quality of service offered to customers, KCB are rolling out a queue management system in some of their branches. The bank has already launched the queue management system in sixteen branches across the country. Each transaction is tracked from the point of entry in the waiting area up
South Africa and Kenya are leading the continent in embracing and adopting cashless payments, according to the results of a new global survey. Dubbed The Cashless Journey, the report shows that 43 per cent of South Africans, 27 per cent of Kenyans and 7 per cent of Egyptians, which came third in the continent, had
