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.
This year marks the 21st official year of eCommerce globally, after NetMarket reportedly recorded the first ever online transaction by selling a Sting CD online, on 11 August 1994. Since then eCommerce has come a long way globally, and continues to grow. Last year the industry globally accounted for $1.5 trillion in sales, and it
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
The Angolan Vice-President, Manuel Vicente, stated in the African Caucus forum that there is no sustainable development while there is poverty. In his opening speech Manuel Vicente, representing the President of Angola, José Eduardo dos Santos, in the meeting of the Ministers of Finance and Governors of the African Central Banks, together with the World
ChamsMobile Limited, a licensed Mobile Money Operator, and Skye Bank Plc, have launched the first Virtual Visa Card in Nigeria. The Virtual Visa Card is an entirely digital payment card for online and mobile use, both locally and internationally. The card is unique in that cardholders get a full card image (the Virtual Card) on
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.
Although e-commerce is growing fast in South Africa and across the continent, the majority of the population in African markets is still excluded from buying online. This is no fault of online retailers or service providers – it is simply because many South Africans (and Africans) do not have their own bank account or a
First National Bank (FNB) has opened a branch at Mbezi Beach in Dar es Salaam, bringing the number of branches in its network in the country to eight. “We are delighted to open our new branch at Mbezi Beach which is the eighth amongst the branch network as part of our strategic plan to expand
First National Bank (FNB) has been voted as South Africa’s top Corporate Bank in the business category in the 2015 Sunday Times Top Brand Survey. The winning brands are voted for by consumers and business decision-makers who rank them as being the best in their category in a nationwide survey. Now in its 17th year,
