Nigeria’s oldest commercial bank, FirstBank Nigeria, has been announced the official partner of PayPal in Nigeria. HumanIPO reported last month PayPal had become available in ten new markets, with Nigeria and Zimbabwe added to the platform to take the number of markets it operates in to 203, and Efi Dahan, PayPal’s regional director of Sub-Saharan
The latest infographic from cuecommerce shows a comparison of the various types of payment gateways available. Find out more about cuecommerce here.
Banks and other financial institutions have been urged to expand delivery of services to ensure people from all walks of life are served well irrespective of their social status and religious beliefs. “More bankers should consider offering services without charging or paying interest to customers ….. such a system leaves out many muslims in the
The Kenya Bankers Association has launched its “Credit Calculator Online” website and mobile application informing loan applicants of the components that make up the total cost of credit as a percentage – known as the Annual Percentage Rate (APR). Both the site and the app were developed by the KBA in conjunction with the industry’s
Perago, a wholly-owned subsidiary of SIA, has signed an agreement with Swish Payments Ltd., a mobile commerce provider owned by leading South African payment service provider Setcom Payment Solutions, to support its new m-commerce initiative in Africa and Europe. Through SIA’s technology infrastructure, Perago will enable the Swish solution that utilises a mobile app and
The FNB Banking App turned three years old this weekend. The Banking App was the first of its kind in South Africa, when smartphones became available to FNB customers in 2011. FNB was also the first to launch the Banking App specifically designed for Tablets in April 2013. “From winning the title of MTN; App
In an ongoing process geared at setting the pace for the full scale rollout of the Equity 3.0 strategy aimed at facilitating a cash lite economy in East Africa, Equity Bank has now confirmed its partnership with some of the world’s leading merchant business and payment processing firms. The Bank, which reported a 58% growth
With EMV’s continued expansion overseas and impending adoption in the U.S., fraudsters are turning away from scamming physical credit and debit cards and instead setting their sights on the card-not-present space online. In an effort to further protect its customers from potential fraud online, South African-based Nedbank has partnered with Entersekt, to integrate the solution
MasterCard and Guaranty Trust Bank Gambia (GTBank Gambia) have announced a collaboration that will broaden the acceptance of MasterCard payment cards in The Gambia. Consumers can now use their MasterCard prepaid, credit and debit cards at GTBank Gambia ATMs and Point of Sale (POS) terminals including hotels, restaurants and retailers. “Tourists and business travelers carrying
What is an Internet Merchant Account? A standard Merchant Account is a facility established by a bank which enables a company to route money from credit card sales to an account which holds it before transferring it to the business’ own account. Any business which wishes to accept credit card payments must therefore have a
