EXIM Bank Tanzania has continued to widen its reach to customers in Tanzania by opening a new branch on Lumumba Street in Dar es Salaam, a move that aims at extending its reach. The Ushirika branch adds up to the firm’s network which continue to spread across the country. Speaking during an inauguration ceremony, the
Popular social app, Snapchat has announced that it will be partnering with mobile payments start-up Square to launch ‘Snapcash’, a service that allows people to send money to their friends via their phone. The service is currently available to Snapchat users in the US, over the age of 18, with an expectation that it will
Ericsson announced that Tigo Senegal has launched Tigo Cash service based on the Ericsson Wallet Platform Solution. The rollout brings simple, mobile financial services to Tigo Senegal’s subscribers throughout West Africa, including those who do not have access to traditional banking services. Ericsson Wallet Platform supports the launch of services that makes sending money as
Recently I’ve seen a number of articles saying the same thing we’ve been experiencing at Kopo Kopo in the past couple of years. Mobile payment acceptance alone is not enough. By that, I mean that most merchants that we work with in East Africa have adopted digitized payments somewhat reluctantly, and only when they saw
SimplePay has announced it is offering new UBER Lagos users two free rides. To get the free rides, SimplePay enjoins new users to click the “Get Uber” button in the latest version of the SimplePay web and mobile apps. SimplePay in a statement said its new users could also get the free rides when they
Access Bank Plc unveiled its customized debit cards tagged “Persona” on Friday, November 7th 2014. The product allows customers carry around their fond memories by uploading their favorite image on their debit cards. The Access Bank Persona debit card is a customized card that enables customers to enjoy the privilege of branding their payment cards
Dynamic Currency Conversion (DCC) sometimes referred to as Cardholder Preferred Currency (CPC) has been around for sometime, but there is a good deal of misunderstanding, hype, misinformation, opinion and mystery around its benefits and its detriments. DCC is a service that allows credit card holders to pay for goods and services internationally with their local
Mahindra Comviva, the global leader in providing mobility solutions, announced that it has enabled the world’s first domestic interoperable mobile financial service between Airtel Money and Tigo Pesa in Tanzania. The service allows customers to send and receive money directly between the mobile money accounts of these two service providers. The new service made the
Getting to grips with cashless payment solutions can give small business owners peace of mind during the busy festive season, when crime and business robberies are expected to be at their peak. The festive season often leads to increased sales, but this is against the backdrop of increasing business robberies, and business owners need to
Payment service provider PayGate says its automated fraud protection service PayProtector continues to save online businesses from lost revenue due to online fraud attempts. “At one regional airline in Africa we reduced their incidence of fraud from over a million rand a month to under R80,000 in just one month,” says PayGate’s general manager for
