Standard Chartered Bank Partners with Indosat to Launch Straight2Bank Wallet in Indonesia

Posted on by Staff Writer | 7208 Views | 8 min read

Standard Chartered Bank has partnered with Indosat to launch Straight2Bank Wallet in Indonesia. With the introduction of this new payment channel, Standard Chartered’s corporate clients in Indonesia – such as development organisations, multi-national corporations, non-bank financial institutions and fast-moving consumer goods (FMCG) companies – can now make cashless payments to banked and unbanked beneficiaries via

The Bank of Tanzania Moves to Boost Credit Growth

Posted on by Staff Writer | 8597 Views | 9 min read

The Bank of Tanzania (BoT) has waived 80 per cent loan to deposit ratio restriction, a move aimed at enabling banks to extend more credit facilities to their clients. The BoT said the restriction was removed last year and banks allowed to lend without the previous ratio but control their liabilities versus assets. The BoT

Stanbic Vows More Support to Exporters

Posted on by Staff Writer | 6543 Views | 6 min read

In a bid to boost export earnings, Stanbic bank has assured the business community of the availability of pre-export finance to facilitate smooth trade flow. Stanbic bank Head of Trade Finance Mr Charles Kapufi said in Dar es Salaam that lack of cost efficient trade finance has been a hindrance for exploiting economic and employment

Transfast Deploys First Bank Deposit Network for Receipt of Payments Across 23 African Nations

Posted on by Staff Writer | 2589 Views | 11 min read

Transfast, a leading provider of online, cross-border p2p payments solutions, announced the expansion of its proprietary bank network into 23 African nations – the most extensive of its kind on the continent. Transfast’s network enables people in the U.S. and Canada, and soon from the U.K. and EU, to send money online or via mobile,

FNB Bank to Allow Debit and Cheque Card Cancellation on Self-service Devices

Posted on by Staff Writer | 8587 Views | 21 min read

As the old saying goes, do not work harder work smarter – the same can be said of the way in which you bank. We often unknowingly transact in a way that not only frustrates us but that takes up unnecessary time and wastes money that could have been put to use to cover other

Ecobank Cote d’Ivoire Consolidates its Position in the Country

Posted on by Staff Writer | 10091 Views | 12 min read

Ecobank Côte d’Ivoire officially inaugurated its new head office building in Abidjan. The inauguration ceremony at Avenue Avenue Houdaille, Place de la République in Abidjan’s main commercial district of Plateau, took place with Ivorian Prime Minister Daniel Kablan Duncan as main guest of honour. The Prime Minister paid homage to the Ecobank Group as “an

HPS Announces Global Partnership with Gemalto for Tokenization

Posted on by Staff Writer | 11053 Views | 7 min read

HPS, the market-leading provider of mission-critical solutions to the cards and payments industry, has announced a new global partnership with Gemalto, the world leader in digital security. Tokenization is the process by which payment account information is replaced by an alternate value called a token. Issuers, Merchants and Processors who use tokens are able to

New Direct-to-Mobile-Wallet Allows International Money Transfer to Kenya and Niger

Posted on by Staff Writer | 8731 Views | 8 min read

IDT Corporation announced that its flagship Boss Revolution international money transfer service has launched a direct-to-mobile-wallet service to Kenya and Niger. Customers can now send money directly from any Boss Revolution money transfer retailer in the U.S. to any Airtel Money account in either country. Recipients will receive funds in their Airtel Money account within

S2M Deploys EMV Data Preparation System for Card Issuance

Posted on by Staff Writer | 6012 Views | 9 min read

S2M, a North African pioneer in card payment solutions, has deployed Cryptomathic’s CardInk, EMV data preparation system, to enhance the flexible issuance of its EMV chip card portfolio and support the growing customer demand across Africa, Asia, Europe and the Middle East. The solution integrates CardInk for data preparation and an Automation Utility, also provided

Vodafone M-Pesa Partners with Walmart India

Posted on by Staff Writer | 8158 Views | 13 min read

Vodafone India, one of India’s leading telecom service providers, has entered into a strategic tie-up with Walmart India, the wholly owned subsidiary of world’s largest retailer Walmart Stores Inc. This tie-up will enable business members of six Best Price Modern Wholesale stores, owned and operated by Walmart India, to make payments using MPesa from their mobile anywhere, anytime.