Azimo, the online money transfer service, announced that customers across Europe can now send money to recipients in Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger, Senegal and Togo in West African CFA francs for instant cash pick-up. Michael Kent, CEO of Azimo, explains that: “Together these 8 countries have a combined population of over
Gemalto, the world leader in digital security, announces the deployment of prepaid EMV banking cards to complement Vodacom’s m-pesa mobile wallet service in South Africa. The card is certified by the major international payment schemes and accepted at any of the 240,000 EMV-compliant payment terminals and over 27,000 ATMs throughout the country, which will significantly
Online money transfer service WorldRemit and telecoms operator MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement extends WorldRemit’s position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is
EXIM Bank Tanzania has introduced Faida EMV Debit Card to replace the existing Magnetic Stripe Card, in a move designed to enhance the bank’s transactions. Faida EMV Debit Card provides enhanced security through an embedded chip that processes the customer’s data with unparallel security and hence making it virtually impossible to copy or tamper with.
Commercial banks which take up to five working days to clear cheques are violating central bank rules in which the exercise is supposed to be completed within three days. Bank of Tanzania Governor, Professor Benno Ndulu, has ordered the Director of Banking Supervision, Mr Agapiti Kobello, to conduct an investigation on the complaints. “I have
Nomanini, a Cape Town-based mobile point of sale service that specialises in facilitating cash payments in emerging markets, has successfully scaled into six countries across Africa in just four years, using Google’s Cloud Platform. It currently processes over a million transactions per month. Every element of the device is designed specifically for African environments: the
Vodafone announced Nigeria’s commercial bank United Bank for Africa (UBA) has become the first multinational Nigerian company to join its Global Enterprise which is simplifying the management of global communications for the world’s largest multinational companies. Vodafone in a statement revealed there are presently more than 1,700 enterprises on the Vodafone Global Enterprise which it
Gemalto, the world leader in digital security, announces the opening of an office in Abidjan, Côte d’Ivoire, to better meet the needs of its customers on the ground throughout West Africa. This move is part of the Group’s strategy of being a global player with a local presence, as demonstrated by its 85 offices in
SLA Mobile, a global mobile solutions provider, announced an agreement with Blue Turtle Technologies (Blue Turtle), a leading IT management solutions company, to bring together managed Digital Services to the African market. Blue Turtle is a South African Enterprise Technology company focused on optimising, enhancing and leveraging existing IT investment. Their expertise within the IT,
SimplePay users can now send money instantly to any PocketMoni account by logging into their SimplePay account. This is as a result of the company’s partnership with mobile banking and payments services eTranzact. In a statement, SimplePay said it has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions.
