TSYS announced that it supports Paynet, one of Kenya’s leading financial services providers to issuers and acquirers, in its ‘Great Migration to EMV Chip Card’ campaign. Founded in 2003 and headquartered in Nairobi, Kenya, Paynet has been a TSYS client since 2004. It licenses PRIME 4, the latest version of the TSYS licensed card and merchant management
MasterCard has appointed Ezediashi Ofili as Vice President and Business Leader to drive the growth of its Prepaid Business in sub-Saharan Africa. He will also oversee MasterCard’s Global Products and Solutions team in the region. Ofili joins MasterCard from Access Bank PLC where he was the Head of Business Engagement for Northern Nigeria. With more
The State Law Office of Kenya has entered into a partnership with Safaricom to automate some of its services. The KSh 14 million contract will see Safriacom providing it’s M-Pesa platform for the payment of services such as registration of companies, societies, or weddings. The announcement was made at an event held at the SLO
President Yoweri Museveni of Uganda has disclosed that government is considering introduction of Islamic banking system in Uganda. The President who was speaking at a dinner he hosted to the Muslim community to mark the end of the Islamic holy month. The dinner was held at State House Entebbe. The President was responding to remarks
The Kenyan government has put forward a plan to have all public sector payments made through the Postal Corporation of Kenya. This was announced at the launch of Posta Pesa, the corporation’s new Sh84 million e-payment platform. In a bid to keep the postal corporation relevant in an increasingly digital era they are hoping to
Airtel Networks limited has entered into a partnership with Equity Bank in Kenya and First Bank of Nigeria that will offer comprehensive mobile commerce solutions to their customers in Kenya and Nigeria, through Airtel Money. In Kenya the service, available to all customers with Airtel lines, will enable customers from both Airtel and Equity Bank
MasterCard has signed a deal with regional card processor Paynet Group to partner in a local initiative geared towards encouraging the switch from magnetic strip to EMV cards. Dubbed “The Great Migration to EMV Chip,” the local initiative brings together various stakeholders in Kenya’s banking and payments technology sectors in an effort to hasten the switch
Ecobank Transnational Incorporated , the pan-African banking group announced the opening of its South Sudan banking affiliate. This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development. Ecobank South Sudan has effectively started operations on 10 July
Regional banking group, Equity Bank’s reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year. The massive reduction in
Ethiopia has emerged as one of the continent’s most exciting new markets, boasting the fastest growing non-energy-based economy in Africa, growing at an average annual rate of 11 percent GDP in recent years. Global’s optimism is supported by the IMF’s projection of Ethiopia as the 3rd fastest growing economy in from 2011 through 2015, trailing
