With Greece sinking and the global economy slowing, attention is shifting to new emerging consumer markets of the future, says Mike Lee, ATMIA’s CEO and a futurist. ATMIA’s 2015 Conference and Expo, “Customer experience and channel usage in Africa’s emerging payment and consumer markets”, will look into four pillars of the payments future in the region, namely: Innovation Consumption
Bank M said it is on the right track of realising its profit target of 25bn/- from its operations this year, after good performance during the first half, reflecting a bright future for the institution. The bank registered a pretax profit rise of more than 25 per cent to 11.51bn/-in first half of the year
CRDB Bank mobile branch has proved efficient in providing banking services to foreign and domestic companies participating at the ongoing Dar es Salaam International Trade Fair (DITF). CRDB bank In charge of the mobile branch Ms Rose Daniel said in Dar es Salaam at the ongoing DITF that the presence of the mobile branch has
TIB Development Bank has emerged winner in the Financial Institutions category at the ongoing 39th Dar es Salaam International Trade Fair for two years in row. Having recently acquired their licences to operate as a development and commercial bank under TIB Development Bank and TIB Corporate Finance respectively, the bank is now ready to provide
The Western Union Company , a leader in global payment services, in collaboration with the MTN Group, a multinational mobile telecommunications company servicing 229,2 million customers in 22 countries, announced the launch of a new mobile money transfer service in Rwanda and Ivory Coast. The new service allows MTN customers in both countries to receive
United Bank for Africa (UBA) Plc has introduced a simple, convenient and hassle free process for customers of the bank to submit their Biometric Verification Numbers (BVN). Leveraging on its robust information technology infrastructure, on Monday July 6, 2015 the bank launched a short code number *919*6# through which customers can send their BVN. “The
African Development Bank (AfDB) and Equity Bank (Kenya) Limited (Equity) have signed an agreement for a US $148-million multi-sector senior Line of Credit to facilitate onward lending to key economic sectors in Kenya. The Line of Credit (LoC) extended to Equity Bank Kenya by AfDB is expected to boost Kenya’s private sector development through financing
After five years of laying down the groundwork, the National Bank of Commerce (NBC) has finally started giving out loans through its Islamic Banking Window, it was announced. The bank officially started issuing Shariah-complaint loans — under its five-year old Islamic Banking Window — six months ago, Business Development Manager, Mr Eddy Mhina said at
There is a great sense of relief and optimism among bankers and the business community that the cost of transaction could further come down following a partnership seal between RSwitch and a China-based money transfer firm, UnionPay International. The two firms signed a partnership deal that will allow anyone with a UnionPay card to withdraw
The first SWIFT Business Forum East Africa took place in Nairobi and brought together close to 300 prominent members of the financial community and policy makers to discuss the many opportunities and challenges the region faces. “The theme for this year’s Business Forum is ‘Unleashing growth through regional collaboration’; by opening an office in one
