Emerging Markets Payments (EMP), the leading electronic payments processing company in Africa and the Middle East, and Guaranty Trust Bank (GTB) announced a processing partnership for debit and credit cards that has enabled GTBank to launch the first platinum MasterCard Credit Card in Kenya. The launch of GTBank’s Platinum card reflects demand from a growing
At a recent 3 day Commonwealth Virtual Currencies Working Group conference in London, Kenya was represented by Bitpesa, a digital currency financial service firm based in Nairobi. In the same week, Barclays UK announced it will accept bitcoin -a virtual currency – for charity donations. Late this week, US regulator CFTC officially recognized bitcoin as
The Uchumi Commercial Bank (UCB) has clicked 10 years since its establishment with shareholders getting about 1bn/- in dividends. UCB Board Chairman, Mr Wilson Ndesanjo, said that the bank that was established in September 2005 with a 372m/- capital is now worth 4.6bn/-. Mr Ndesanjo said the bank owned by the Evangelical Lutheran Church of
KCB in conjunction with GoSwiff – a global mobile commerce and marketing solutions provider- have unveiled a strategic deal to offer a new mobile payment facility targeting Kenyan merchants. The Bank aims to upsurge its financial inclusion and cashlite agenda footprint via the use of GoSwiff’s mobile point of sale (mPOS) facility. Through a mobile
The TIB Corporate Finance Limited has changed name to TIB Corporate Bank Limited to align itself with its broadened scope in provision of commercial banking services. The Managing Director, Frank Nyabundege said in a statement that the bank was set to brand, market and roll out its business development strategies after it was issued with
The National Bank of Commerce (NBC) has launched a Rewards Program for its private banking customers who will enjoy attractive discounts and offers available in over 25 retail retail franchises located across the country. The introduction of the NBC Rewards Program is a testimony of NBC rewarding high net worth customers for their continued support
Safaricom has opened up its M-PESA platform to allow local and international developers to come up with next-generation applications that will work with the most preferred mobile money solution. By availing M-PESA’s Application Programming Interface (API), Safaricom is fulfilling a promise made during the commissioning of the new M-PESA technological platform in April this year.
Stanbic Bank Tanzania has unveiled new modern touch-screen automated teller machines (ATMs), which are said to be the first of their kind in the country. “We are launching yet another first from Stanbic Bank,” said Farha Mohamed, Head of Self Service Channels. “Our new ATM’s are the latest version in the market, with the added
Dar es Salaam based I&M bank yesterday launched a three-month RICHES Campaign to encourage individuals, employees, students and businesspeople to open accounts for savings and other business requirements. Under the campaign, account holders with the bank will qualify for the monthly raffles through which winners will be awarded 20m/-. “All Tanzanians are welcome to open
SimbaPay a leading digital money transfer provider announced the expansion of its free instant deposit service to Choice Microfinance Bank in Kenya. SimbaPay has partnered with Choice Microfinance Bank a microfinance institution founded by Kenyans abroad. Money transfers made to Choice Microfinance Bank by Kenyans living abroad using SimbaPay will be free of transfer fees.
