Kenya Commercial Bank and Planet Payment Announce Multi-Currency Processing Agreement

Posted on by Staff Writer | 8827 Views | 7 min read

Kenya Commercial Bank (KCB), Eastern Africa’s oldest and largest commercial bank, and Planet Payment, Inc., a leading provider of international and multi-currency transaction services, announced an agreement to launch Pay In Your Currency (PYC), Planet Payment’s dynamic currency conversion solution. This will mark the first launch of dynamic currency conversion in the region. Pay In

UBA’s Oduoza Wins CEO of the Year Award at Investment Summit in New York

Posted on by Staff Writer | 10306 Views | 11 min read

Group Managing Director and CEO, UBA Plc, Mr. Phillips Oduoza has emerged the 2015 Ai Socially Responsible Investment (SRI) 30 CEO of the year at this year’s 8th annual Ai CEO Investment Summit. This is the second time he is winning the award after winning it first in 2013. He was named the winner from

NBC Targets More Salaried Customers

Posted on by Staff Writer | 3149 Views | 7 min read

The NBC Bank Acting Head of Marketing and Corporate Relations, Ms Alina Maria Kimaryo, said in Dar es Salaam yesterday that more people were being encouraged to open salary accounts to enjoy wider range of banking services as well as grab various prizes through ‘Mcheza Kwao’ salary account campaign. The services also include the recently

Stanbic Relaunches Revamped Mbeya Branch

Posted on by Staff Writer | 6969 Views | 5 min read

Stanbic Bank Tanzania has relaunched its revamped branch in Mbeya in line with its mission to offer better services to its customers. “We are pleased to relaunch a revamped branch to the people of Mbeya,” said Ken Cockerill, the CEO of Stanbic Bank Tanzania. “This revamp is part of our broader efforts to modernize our

SimbaPay Banking App Wins DEMO Africa 2015

Posted on by Staff Writer | 10613 Views | 8 min read

SimbaPay – a leading digital money transfer provider – was on Friday, 25 Sep 2015 announced as the winner of the prestigious DEMO Africa 2015 event which was held in Lagos, Nigeria. SimbaPay now automatically qualifies for the global DEMO event that will be held in Silicon Valley, USA. At DEMO Africa 2015, SimbaPay showcased

Tempo Money Transfer Starts Operations in 6 African Countries

Posted on by Staff Writer | 7517 Views | 8 min read

The Paris-headquartered remittance provider, Tempo Money Transfer started operations in 6 African countries, launching its collaborative project with the British-based operator Jalloh Enterprise. Now customers can send money from Tempo’s Paris store, or its agent locations in France and Germany and collect the cash in Jalloh’s locations in Guinea, Senegal, Gambia, Nigeria, Mauritania and Sierra

Why Fast Moving Virtual Goods are Fueling Informal Markets

Posted on by Staff Writer | 2942 Views | 13 min read

While there has been much hype around the mobile payment revolution in various informal markets in Africa and elsewhere, the reality is that these are still cash-based markets. In fact, cash still accounts for over 85% of consumer transactions globally. Another key and often overlooked feature of many informal markets is the high number of

UnionPay International Cooperates with “SBM” in Mauritius to Expand the Acceptance Scope of UnionPay Cards

Posted on by Staff Writer | 10055 Views | 15 min read

UnionPay International and SBM jointly declared that all merchants and ATMs of the latter have been opened to accept UnionPay cards (card number starting with 62). So far, the coverage of local merchants and ATMs accepting UnionPay cards has been increased to 90% and 60% respectively. It also means that UnionPay International has realized its

EMP Processes GTBank Debit and Credit Cards in Kenya

Posted on by Staff Writer | 7600 Views | 8 min read

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

Why East Africa Needs Virtual Currency Regulation

Posted on by Staff Writer | 3463 Views | 19 min read

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