Regional banking solutions provider, Equity Bank Group, has engaged global management strategy firm McKinsey to play a business advisory role in the implementation of the Bank’s 3.0 strategy. On hand to close the partnership agreement at Equity Bank headquarters was Dominic Barton, McKinsey & Company Global Managing Director and Equity Bank Group Managing Director Dr
Western Union has launched an outbound remittance service in Nigeria, allowing people to send not only receive money around the world. Prior to the launch, customers in Nigeria could only receive funds; this being the first time outbound remittance has become available in the country. To launch the service in Nigeria, Western Union is partnering
Standard Chartered Zimbabwe, together with Commerzbank Aktiengesellschaft and Investec Asset Management Proprietary Limited acted as Joint Mandated Lead Arrangers in the recently concluded USD60 million, three year syndicated term loan facility for FBC Bank Limited . The facility carries a comprehensive guarantee from African Export-Import Bank, the regional development bank established to finance and support
Research commissioned by FNB and VISA reveal that while the overall awareness of card fraud is very high, 42% of respondents are sharing their bank card PINs. The protection of customer’s funds is a top priority for FNB and although the bank is always looking at ways to improve security, certain key links in fraud
Agents of Kenya’s M-Pesa mobile money service received KSh.10.6 billion in total commissions for the year to March 2014, up almost 25 per cent on the previous year, although individual agents earn less as more agents join the network. According to a report by Business Daily, Safaricom spends KSh.40 out of every KSh.100 generated from
South African small and mid-sized merchants cite cost (34 percent), data security concerns (23 percent) and lack of know how (21 percent) as the greatest barriers to technology adoption, according to the new MasterCard Merchant Scope study. The study investigates how small and mid-sized merchants from the retail, services, restaurant and hospitality industries use technology,
Equity Bank Tanzania, has unveiled its latest innovation dubbed EAZZY 24/7, mobile phone banking platform. Eazzy 24/7 allows the Bank’s customers to access banking services using their mobile phone. The service is accessible through Vodacom, Airtel, Tigo, and Zantel. The platform allows customers to carry out various transactions such as Airtime top up, Transfer funds,
FNB announced that, as part of its smart device range, it will now offer a tablet to its customers for R99 per month, making smart devices affordable for South Africans who previously would not have been able to purchase one. The Lenovo Ideatab, which comes with a free protective cover, includes all the features one
The Central Bank of Nigeria’s cashless policy is the key to the country’s fast economic development, according to Charles Ifedi, chief executive officer of Verve International. In an interview with HumanIPO, Ifedi said electronic payment technologies which further the cashless policy must be made available to all Nigerians for the benefits of economic development to
The evolution or revolution of the retail environment is one of the most dynamic industries affecting almost anyone who knows how to turn a computer on. According to marketingpilgrim.com, the US online retail spend will reach just under $300 billion this year alone so it would be interesting to understand how the South African online
