Africa offers enormous growth potential for e-retailers given that online shopping is in its infancy in the region. This is according to Sumesh Rahavendra, head of marketing for DHL Express Sub Saharan Africa, who says the recently released ‘Shop the World!’ report reveals that emerging markets offer the highest growth potential for the eCommerce industry.
Azimo, the online money transfer service, announced that customers across Europe can now send money instantly to the mobile “eWallets” of M-PESA’s 19 million subscribers in Kenya. Kenya boasts one of the highest global rates of mobile banking, with around 60% of all Kenyans sending or receiving money via their smartphone. Between January and February
South African consumer confidence has improved for the second half of 2014, according to the latest MasterCard Index of Consumer Confidence released. With a score of 58.7, a slight improvement of 2.4 points compared to last year’s score of 56.3, the Index currently describes consumer confidence as ‘neutral-positive’. Now in its eleventh year in South
FNB Business has announced a partnership with Empowerdex to process applications for Black Economic Empowerment (BEE) certificates through the Bank’s online banking channel. The online application process is quick, easy and requires that the applicant has all the necessary documentation. Sanjeev Orie, CEO of Value-Adds at FNB Business says, “This is an exciting development because
eTranzact International’s PocketMoni has been nominated for AfricaCom and Lead Africa Awards 2014. The nominations are in the Best Mobile Money Service category. A statement by Ayo Oladimeji, Head of PocketMoni at eTranzact said in addition to expecting more awards, the company is also looking forward to achieving more greatness with its mobile money services.
The PCI Security Standards Council, a global, open industry standards body providing management of the Payment Card Industry Data Security Standard, PIN Transaction Security requirements and the Payment Application Data Security Standard, announced a new partnership to offer authorized PCI training in Nigeria, South Africa, Croatia, Turkey and Bahrain. Organizations in these areas can now
Social marketplace Mobofree has announced plans to have local presence in Lagos, Nigeria. Out of the platform’s 3 million users, 2.2 million are in Nigeria. Having a local presence in Nigeria according to Cristobal Alonso, Co-founder and Chairman of the board of MoboFree, would enable MoboFree to offer its users on-ground support services. “We are
The use of mobile phone money services has proved to be efficient means in speeding up financial inclusion, a senior official with the Bank of Tanzania (BoT) has said. BoT Senior Legal Counsel Mr George Ben Sije said in an interview in Bagamoyo last week that the partnership between financial institutions and telecom companies has
The Parliamentary Public Accounts Committee (PAC) has directed the Police Force to ensure that all collections, including road fines are made electronically to help check all loopholes of dishonesty and increase government revenue. PAC Deputy Chairman Deo Filikunjombe issued the directive on Thursday when the committee met senior police officials at the Parliament’s Sub-Head Office
Customers of First National Bank (FNB) can now enjoy unrivalled premier services at its banking suite at Peninsula branch in Dar es Salaam. FNB’s Chief Executive Officer, Mr Dave Aitken, said in the city on Wednesday during the launch of the service that through the centre, premier customers will be provided with a dedicated Relationship
