KCB Bank Group has selected NetGuardians, a Swiss -based firm, to further enhance its capacity to ensure data security and mitigate risk. Allowing the bank group to use NetGuardians’ NG|Screener software solution has already earned the confidence of banking clients around the world. NG|Screener uses smart behavioural analysis to monitor and analyse all user activities
Nigeria’s money transfer business landscape entered a new phase yesterday as Africa’s global bank, the United Bank for Africa (UBA) Plc and global Money Transfer giant, MoneyGram launched the first outbound money transfers in Nigeria while Phillips Oduoza, UBA GMD/CEO became the first person to carry out MoneyGram outbound money transfer service from Nigeria. The
MTN has announced it will be integrating its mobile money systems in Rwanda and Uganda as part of cross-border mobile money initiative. The integration will become effective from next month. When it is officially launched, MTN said its subscribers will be able to send and receive money between the two countries. Norman Munyampundu, General Manager
The Western Union Company announced a multi-faceted response program that will provide support for disaster relief efforts to support communities most affected by the Ebola outbreak in West Africa. Western Union Foundation Grant The Western Union Foundation is making a grant of US$25,000 to the International Medical Corps to support the organization’s response actions, which
Absa is celebrating successful businesswomen during the month of October. Hosted by Absa Business Banking, the Women in Business Series recognises the achievements of some of South Africa’s top women entrepreneurs at events across all nine provinces. Prominent businesswomen will address and facilitate each session including Margaret Hirsch (co-founder and Chief Operations Executive at Hirsch’s
South African Company Wallettec is excited to announce a new partnership with BitPay, one of the largest Bitcoin payment processing companies and Bitcoin Payments, a South African BitPay Affiliate. This now enables Bitcoin transactions in the Wallettec system, making it instantly available to any payment system that is integrated with Wallettec. A first in South
Kalahari.com and takealot.com, two of the leading general etailers in South Africa, have announced that they are merging their operations. The move was driven by the fact that, without scale, SA etailers simply can’t compete successfully against the local brick and mortar retailers and foreign companies such as Amazon and Alibaba. “After many years of
Gemalto, the world leader in digital security, announces that Nedbank Ltd, a leading commercial bank in South Africa, is deploying its Ezio eBanking solution to provide their wholesale customers with unmatched online transaction security and superior convenience. Gemalto also provides Nedbank with consulting services, device fulfillment to the end users, and operates remote management of
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless cards based on MasterCard PayPass technology. The certification process was completed in less than a month making the bank one
The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit equivalent in Nigerian Naira to LAPO Microfinance Bank in Nigeria. LAPO MfB is the largest microfinance bank in Nigeria with 1.1 million clients and 327 branches currently
