In an innovative move by Paycorp, South Africa’s leading independent payments company, ZipZap mobile POS (mPOS) now provides an additional card reader that enables businesses and retailers to connect to a Windows computer via a USB port as well as the standard Bluetooth capabilities. Wayne Abramson, CEO of EFTPOS, the point-of-sale (POS) subsidiary of Paycorp said:
The Minister of Post and Information and Communication Technology visited Monday, June 22nd the premises of JUMIA Côte d’Ivoire in Treichville – Abidjan. The company founded in June 2013 is behind the first ecommerce website in Côte d’Ivoire and as such, has become an example in the popularization and use of New Information and Communication
Technological developments are often greeted with a mixture of excitement and cynicism. Mobile payments are no different. Amongst all the hype and bluster, however, a fundamental question seems to be largely overlooked – why use mobile payments? Here are just a few reasons to leave your cash and card at home, and pay with your
The banking sector recorded a slightly drop in their non-performing loans (NPLs) one percentage point to 6.5 per cent on year-to-year basis at the end of March. The ratio, one of indicators to measure soundness of banking sector, shows that the rate is well below the East African bloc rate of 8.0 per cent, but
Airtel Ghana, leading Telecommunication Network and multiple award winning company has added another first to its credits as it has rolled out an innovative service through their Airtel Money that allows a tap and pay, contactless payment based on the Near Field Communications (NFC) technology. Near Field Communication (NFC) technology is the global communication standard
The agent banking and mobile phone transaction are picking up while pushing up as demonstrated by increase the volume and value of transactions. The agency and mobile money have assisted financial sector penetration in the country to overtake its goal of reaching 50 per cent two years ahead of the deadline in 2016. At the
Guaranty Trust Bank (GTBank) and Etisalat have formed a strategic alliance aimed at connecting 55 million unbanked Nigerians in the next few months, through the mobile payment system, that will enable them open a Tier 1 bank account, using their mobile phones. Announcing the initiative in Lagos last week, both organisations said the partnership would
South African-based portable Point of Sale (PoS) service provider Nomanini has announced it has signed an exclusive agreement with Transactions Solutions Ghana Limited to substantially scale numbers of its cloud-based PoS terminals in Ghana. The partnership with TranSol signals Nomanini’s first scaled project commitment in West Africa, with the first batch of 100 pilot terminals
Mwalimu Commercial Bank (MCB) listing date has been pushed back once again to the first half of next month after the allotment workload proved to be a huge-task than anticipated. The listing of first ever Mwalimu Bank was planned on Monday, June 8, before being pushed to this morning, but the work of collecting IPO
NMB Bank has entered into an agreement with Dun & Bradstreet Credit Bureau to strengthen its credit management processes and curb defaulting. This partnership is expected to reduce the banks share of non-performing loans. In 2014 financial results, the Non- Performing Loans stood at 2.6 per cent the lowest in the banking industry rate of
