While a plethora of new payment solutions are coming to market, businesses should be cautious about moving to new solutions just for the sake of it. Customers are driving a great deal of change in how transactions are carried out, with the younger generation of consumers in particular demanding newer, faster and more convenient ways
Guaranty Trust Bank plc has launched another innovative mobile channel which enables GTBank customers conveniently perform third party transfers to both GTBank and other bank account holders in Nigeria, via their mobile phones, by simply dialing the USSD short code *737 with details of the amount and account number (NUBAN) of the beneficiary. The *737*
Tangazoletu Limited, a Kenyan ICT firm that develops and provides innovative, versatile and reliable ICT & Mobile Solutions won the Think Business Banking Awards 2015 in the Special Award for Product Innovation for their product, Spot Cash. The Banking Awards 2015 were the tenth celebration of the achievements of the banking sector. This year’s theme was “Innovating banking
Zazoo, previously referred to as Net1 Mobile Solutions, a financial services provider in the mobile space, has launched its Utility Vending System at African Utility Week (AUW) held in Cape Town. This turnkey vending solution simplifies tariff management and consumer arrears collection, allowing utilities and municipalities to manage prepaid vending for electricity, water and gas
In general, businesses are increasingly exposed to risks associated with handling cash, leading to the need for comprehensive insurance cover which consumes a sizeable amount of business profits. According to Kabir Dhupelia from FNB Cash Solutions, businesses should make use of new and advanced solutions to protect themselves when handling cash. “Even though there has
JUMIA Côte d’Ivoire undertook the relocation of its Treichville warehouse to a brand new, twice as large storage facility warehouse, in the industrial zone of Koumassi; a suburb of Abidjan. Operations at the new warehouse are scheduled to start soon. Motivated employees, a new working environment, and a high-tech warehouse: all the ingredients to maintain
Dar Es Salaam Stock Exchange (DSE) has positively received CRDB Bank right offer pushing its share price up by 1.2 per cent in a week to 420/- up from 415/-, after shareholders approved the issue. Tanzania Securities Weekly Commentary shows that bank counter accounted for 36 per cent of the total turnover and 99 per
Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is made about the topic, you would be forgiven for thinking we had fixed the problem when we really haven’t. According to the World Bank, today, 62 per cent of the world’s
CRDB Bank has managed to mobilise 254.4bn/- deposits through agent banking which was an increase of over 700 per cent in 2014. The bank’s FahariHuduma agent banking scheme was introduced in 2013 and in the first year managed to mobilise 31.7bn/- deposits. The agent banking though in its nascent stage has managed to recruit 1,067
The revolutionary mobile banking product launched last month between KCB and Safaricom, dubbed KCB–M-PESA has hit a major milestone by reaching 1 million accounts, just a month after it was launched. The account signed their 1 millionth customer this week with both firms indicating that the mobile financial product has in excess of KShs. 700Million
