Finca Microfinance Bank has teamed up with Airtel to provide mobile money transfer services to their customers. Customers of the microfinance bank will no longer have to travel or walk to branches of the bank for banking services for they can now use their cellular phone to get the services after introduction of Finca Mobile
TIB Development Bank that has been licensed by the Bank of Tanzania (BoT) to carry out banking business as TIB Corporate Finance Limited is still running short of capital to finance all development projects. The BoT has issued two licences to TIB Development Bank Limited and TIB Corporate Finance Limited, which is a designated Commercial
Parliament passed the Tanzania Postal Bank (TPB) (Repeal and Transitional Provisions) Act, 2015 which paves the way for the bank to transform and reclaim its former glory. Deputy Minister for Finance, Mr Mwigulu Nchemba, told the House that the Act seeks to incorporate the bank under the Companies Act in line with the Banking and
Ericsson announced that MTN Swaziland has deployed Ericsson Converged Wallet, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services. The rollout impacts more than 275,000 existing MTN Swaziland mobile wallet users and 3,000 agents. The new platform serves as a mobile money hub solution, connecting MTN’s operations in several countries, enabling
BancNet, the largest interbank network service provider in the Philippines, has selected FIME, the world’s leading EMV migration service provider for domestic and international card payment schemes, to support the country’s migration to chip card technology. Following a mandate from Bangko Sentral Ng Philipinas, the Philippines’ Central Bank, BancNet is leading the program to migrate
Pride Tanzania is finalising the process of self-transformation into microfinance bank, thus enhancing its capacity to serve better its customers as well as reaching more the financially under served rural population. This was said in Dar es Salaam by Pride Tanzania Senior Operation Officer responsible for marketing, Mr Jumanne Bundala, in the ongoing 39th Dar
ZipZap, the mobile POS (mPOS) solution from Paycorp, has partnered with Microsoft Mobile to offer businesses and retailers a mobile solution that enables them to accept payments from customers wherever they are, transacting anywhere, anytime. “Microsoft is committed to reinventing productivity and business process, and this extends to the important collaborations embarked on with Business-to-Business
Leading tea management agency, Kenya Tea Development Agency (KTDA), has partnered with Safaricom to roll out a cashless payment solution at all its 66 factories across the country, in a move that will boost efficiency in factory operations. The factories, which transact approximately Kshs. 1 billion annually through the Factory Door Sales (FDS), will now
KefKefk, a leading VAS provider in the MENA region, has partnered with SLA Mobile to deliver Direct Operator Billing capabilities to their customers. KefKefk has one of the largest localised mobile content libraries in the MENA region, offering a range of mobile applications and digital services. They have operations in 16 countries with access to
CRDB Bank expects another robust performance in the second quarter of the year thanks to a recent expansion drive and business mix portfolio, the bank’s Managing Director, Dr Charles Kimei, has said. CRDB bank posted a net profit of some 37bn/- in the first quarter, while assets climbed to 200bn/- to 4.4tri/-, which was the
