Nigeria’s web and mobile financial services startup SimplePay has announced a partnership with Consumer Bureau de Change to allow for incoming and outgoing remittances through the SimplePay platform. With this partnership, the company said Nigerians in the diaspora can fund the SimplePay accounts of their friends and families from anywhere in the world. Commenting on
A review of the result shows positive performance across some key financial indices, in spite of an extremely challenging business environment and increasing regulatory headwinds. Gross earnings for the period grew by 7% to N132billion from N124billion reported for the corresponding year period 2013. Profit before tax at N53.40billion, was a 7% dip from N57.4billion
East African countries introduced various reforms including liberalization of the financial sector about two decades to sustain their economic growth. The countries namely, Tanzania, Uganda and Rwanda have seen huge gains but are paying a price at the expense of banking ethics and professionalism. Before the liberalisation, central banks in the region were custodian of
From the convenience of your desktop to the palm of your hand, SimplePay has simplified the lives of thousands of connected Nigerians by eliminating physical cash from financial transactions. Now, with the release of the stand-alone SimpleGiving app, one more type of transaction, donating to your church, can be made faster, easier and safer. Users
Bank of Khartoum and telecoms company Zain have launched Sudan’s first mobile money service called Hassa. The bank said the service is available to all registered Hassa mobile account customers in Sudan. Customers can carry out several financial transactions on the mobile money service using their mobile phones, Bank of Khartoum’s automated teller machines or
eTranzact International Plc, the leading mobile and switching company has been awarded the final approval to commercially launch the Mobile Money operation by the Central Bank of Nigeria. The approval to commence Mobile Money in Nigeria essentially marks the beginning of mobile payment revolution in the country. The eTranzact Mobile Money is designed to allow
E-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations. U-bills, is a collection and bill payments platform that allows sellers to collect
Nigerian President Goodluck Jonathan received his National eID card, heralding the official launch of the eID pilot program. In the pilot phase, the Nigerian Identity Management Commission will issue MasterCard-branded identity cards with electronic payments functionality to 13 million Nigerians. This initiative is the largest rollout of a biometric-based verification card with an electronic payment
Kenyan merchant services company Kopo Kopo is celebrating four years of existence, having managed to register more than 10,000 businesses on the platform. The startup was launched with only a few thousand point of sale terminals and a handful of merchants accepting mobile money in the entire country. In a blog post, the company said
EthSwitch selected BPC Banking Technologies to create a national retail payments infrastructure BPC Banking Technologies, the leading provider of Open System payment solutions, announces that EthSwitch has chosen SmartVista to power its national switching operations in Ethiopia. SmartVista was selected because of its comprehensive functionality, advanced technology and proven track record in helping payment businesses worldwide
