The mass market in Somalia will now be able to access various banking products virtually through their mobile phone after Kenya’s Rapid communications recently acquired 16% shareholding in Nationlink telecom, a GSM operator, along with the license for banking services. The company currently manages the content management system (CMS) platform for Nationlink telecom and with
Orange customers will have the opportunity to carry out safe and real-time banking operations, to transfer money, pay for goods and services and purchase airtime credit without going to the bank or to the shop.The large network of licensed Orange Money distributors will supplement the network of 450 BANK OF AFRICA branches, offering a maximum
United Bank for Africa Plc in partnership with Verve International has launched an offer tagged “UBA Verve Rewards” in which Cardholders could win e-cash, free airtime, Nokia mobile phones and up to N35,000 cashback Cardholders who use their UBA issued Verve cards to initiate a minimum of five POS or VAS transactions on the ATM
Nigeria’s web and mobile-based wallet service SimplePay has announced it is now allowing its users to fund their wallets from their Bitcoin accounts. In an exclusive interview with HumanIPO, Rich Tanksley, Director of Operations, SimplePay Ltd said the startup will use a payment API from its Bitcoin wallet. He said: “People will enter their details
GCB Bank Limited has recorded a phenomenal growth in its unsecured personal loan sales of more than GH¢700 million within three years. Besides, the Bank had registered over 1.5 million transactions per month from less than 100,000 transactions in four years. The Managing Director of the Bank, Mr Simon Dornoo, who disclosed this at the
Bharti Airtel has unveiled an Airtel Money Premier VISA card that will enhance Premier customers experience and convenience on the company’s mobile money and banking services and ensure that they get added value. With this new card, Airtel money Premier customers will be able to shop and pay for goods and services using Airtel Money
With the announcement of a partnership between PayPal and local payment service provider PayGate, it is now easier than ever for merchants to accept online payments in South Africa. “PayGate customers can now add PayPal to the list of payment methods they accept simply by ticking a checkbox,” says PayGate’s GM of business development Brendon
FNB announced that R9.5 billion has been withdrawn from tills across South Africa since the inception of the Cash@Till service for customers in 2012. Sixty-five percent of this amount was withdrawn in the last year alone. “We have seen strong take up of our Cash@Till service as customers withdraw from retailers across the country. The
Millicom, the international telecommunications and media company, and Kalixa announced that the establishment of a joint venture to develop a payments service provider to operate in Africa and Latin America, initially commencing in Colombia and Brazil later this year. The joint venture will offer payment acceptance services for both businesses and consumers, including payment gateway
NBC Tanzania has appointed Mr Pius Tibazarwa as Interim Managing Director of the bank to succeed Ms Mizinga Melu who has been assigned a new role as Chief Executive Officer of Barclays Africa Regional Management. The NBC Board Chairman Dr Mussa Assad said in Dar es Salaam that the outgoing NBC Managing Director has built
