What motivates the bad guys? Hackers are driven to our data for two, simultaneous reasons: they are after the “easy money”. “Easy”, in that right now there may be a hundred thousand potential ways of getting access to data, so why make it too hard? And “money”, in that some data is worth far more
MOBOfree, the leading African social marketplace, announced the launch of the first-of-a-kind ID verification program in Nigeria and Uganda, further strengthening its position as Africa’s safest social marketplace for both buyers and sellers alike. MOBOfree’s ID verification process is seamless and can be performed from any device. It does not require a scanner or computer.
ZAZOO, a business unit of Net 1 UEPS Technologies, Inc., has partnered with Funifi, a startup based in the UK and Cyprus, to enhance their service by adding a secure payment mechanism to the Funifi DO (chore) app using Mobile Virtual Card (“MVC”) technology. This partnership adds momentum to ZAZOO’s growth, as the unit is
Uchumi Commercial Bank (UCB) has made a profit of 553.6m/- in 2014 and is geared to extend its services beyond Kilimanjaro Region. The UCB Board Chairman, Mr Wilson Ndesanjo, told the shareholders at their general meeting here that the achievement was great because in 2013 it registered a 399.3m/- profit. He said the projection was
Mukuru and Mcel have partnered to allow money to be sent from South Africa into any Mkesh mobile wallet in Mozambique. With the mobile phone being central to the process it is the most convenient way of sending money to Mozambique; and at a 10% flat fee it is the most affordable cash-to-cash offering. Mukuru
Standard Chartered Bank Tanzania Limited has recorded a strong first half performance with a strong balance sheet growth and a revenue increase of 6 per cent year on year. The bank said in a statement that it has also increased its loans and advances to its clients by over 40bn/- which is a 6 per
Planet Payment, Inc., a leading provider of international and multi-currency payment processing services, has teamed up with Absa, one of South Africa’s largest financial groups, and CyberSource, a global payment gateway and merchant provider, to implement Shop in Your Currency, Planet Payment’s Multi-Currency Pricing Solution, in South Africa. “This solution allows retailers to localise their
National Microfinance Bank (NMB) has been recognised by Euromoney, the global financial markets magazine as one of the best bank locally and internationally for three years in a row. The Dar es Salaam Stock Exchange (DSE) listed bank has won the global prize after registering significant achievements within its operating environments. The NMB counter had
Large banks continued to make impressive profits in this year’s second quarter, with some capitalizing heavily on the shilling fluctuation. However, on the other hand, Barclays Bank and National Bank of Commerce (NBC) registered losses as a result of bad loans. The figures for second quarter for Barclays and NBC show that the two banks
Western Union Company , a leader in global payment services, celebrated its 20th anniversary in Africa. With over 34,000 locations and connections to millions of bank accounts and mobile wallets in more than 50 countries and territories, across Africa, the Western Union network serves millions of senders and receivers with a choice of 120 currencies.
