Tanzania has surpassed its financial inclusion target of 50 per cent, some two years ahead of deadline in 2016, thanks to mobile transaction platform. The Bank of Tanzania (BoT) is now working on a new goal after the country registered a financial inclusion of 55 per cent in 2014 well ahead of Maya (Mexico) declaration
Mahindra Comviva, the global leader in providing mobility solutions, has emerged as the winner in the fifth edition of the Kalahari Awards 2015. The company has received the award in the “Best Mobile Money Product Innovation” category for technological innovation and excellence in NFC payment solutions. Airtel Money Tanzania NFC Payments powered by Mahindra Comviva’s
The Ecobank Group was named African Retail Bank of the Year at the Global Retail Banking Awards ceremony in London. The Ecobank Group won the award over four other finalists, CRDB Tanzania, FirstRand (South Africa), Standard Bank South Africa and United Bank of Africa. Retail Banker International sponsors the award. It provides in-depth analysis for the retail-banking sector.
The Nigerian payment industry is witnessing a significant transformation as pan-African financial services group, United Bank for Africa (UBA) Plc in conjunction with Unified Payment Systems Limited introduces “PayAttitude” a faster and seamless, contactless payment solution that never fails. PayAttitude is a Near Field Communication (NFC) tag, with an internal chip which works on NFC-enabled POS
Bank M, one of the youngest and fastest growing banks in the country, gained international recognition after bagging “Commercial Bank of the Year – Tanzania for 2015” award from the International Banker magazine. The award was presented during the International Banker 2015 Banking Awards event held at the London Stock Exchange (LSE) recently. Bank M,
The explosion in near field communication (NFC) mobile payments has gifted banks and financial institutions with a variety of deployment options and, at the same time, made the task of selecting the right route to market more complicated than ever. For this reason, Mobey Forum’s latest white paper, ‘NFC Mobile Payments: An Industry Snapshot’, launched
Tanzania Postal Bank (TPB) will bring some 25 banks worldwide to the country to discuss ways of increasing financial inclusion in Africa, where Tanzania is lagging behind. The country’s financial penetration, excluding mobile banking, is still 14 per cent way behind 23 per cent of the recommended rate for Sub-Sahara Africa. The TBP Chief Executive
SimbaPay a leading digital money transfer provider announced the launch of its money transfer service to Nigeria. Using the SimbaPay app or website, Nigerians living in the UK can send money to any bank account or mobile phone in Nigeria instantly. SimbaPay charges zero fees for money transfers to Nigeria. “We’re excited by the launch
FNB has taken the top spot in the Columinate Internet Banking SITEisfaction Survey, which measures internet banking quality and user experience in South Africa. At an overall score of 75 points FNB emerged as the best online banking platform in 2015. Dione Sankar, Head of FNB Online Banking, says, “Our core focus has always been
The National Microfinance Bank (NMB) and CRDB Bank have posted almost matching first quarter net profit this year with the latter’s profit surging to catch up with the former to underline intensifying competition between the two largest banks in Tanzania. Financial statements issued recently shows that the NMB net profit went up slightly by 0.5
