Customers of First National Bank (FNB) can now enjoy unrivalled premier services at its banking suite at Peninsula branch in Dar es Salaam. FNB’s Chief Executive Officer, Mr Dave Aitken, said in the city on Wednesday during the launch of the service that through the centre, premier customers will be provided with a dedicated Relationship
Bharti Airtel has partnered with the Kenya Revenue Authority (KRA) to offer Kenyan citizens an opportunity to pay their taxes through Airtel Money. Through the partnership, Airtel will now allow customers across the country to inquire for KRA services, generate KRA payment reference number (PRN or an e-slip/invoice number) and make quick simple payments through
Tanzania has reportedly lost six million US dollars (over 10bn/-) so far through cyber-related fraud crimes, that involve mostly card skimming and Automated Teller Machine (ATM) thefts. Speaking at the fourth International Commission on Science and Technology for Sustainable Development in the South (COMSATS) conference in Dar es Salaam, the Permanent Secretary (PS) in the
In the past 3 months, two juggernauts in Kenya have clashed over the introduction of SIM overlay technology into the market – Equity Bank Group (Bank) and Safaricom ltd (Telco). Safaricom Ltd. Is the largest Mobile Network Operator in Kenya (67.9 % market share) while Equity bank is the largest bank by customer base (8
Bharti Airtel announced plans to launch a cross border money transfer product in East Africa that will enable Airtel Money customers to send, receive and withdraw money from their Airtel Money wallets. The pilot phase will kick off on November 1st, 2014 with the first phase targeting – Kenya, Uganda, Tanzania and Rwanda. This follows
Equity Bank and American Express have announced the launch of the first American Express Cards in Kenya. Equity Bank now offers Kenyan consumers the Equity Bank American Express Green Card and the Equity Bank American Express Gold – both of which carry rich rewards and benefits. The launch builds upon Equity Bank’s reputation for offering
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
MTN has announced it will be integrating its mobile money systems in Rwanda and Uganda as part of cross-border mobile money initiative. The integration will become effective from next month. When it is officially launched, MTN said its subscribers will be able to send and receive money between the two countries. Norman Munyampundu, General Manager
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
