CfC Stanbic Bank in Kenya have opened the first ever digital experience bank branch in the country. The branch in Mombabsa’s Nyali Centre Mall is set to radically alter the way customers take care of their financial needs and conduct their daily banking business. CfC Stanbic Bank’s focus is on enhancing the way Kenyans engage
More than 500,000 Tanzanians have so far subscribed with M-Pawa banking service with deposits 4bn/- within less than three months since it was launched in Dar es Salaam. The service operated jointly by Vodacom Tanzania and the Commercial Bank of Africa (CBA). M-Pawa is mobile phone based bank in the sense that it make it
MTN Rwanda has partnered with Kenya Commercial Bank (KCB), RSwitch and I&M in an effort to allow MTN customers to transfer money between their Mobile Money and KCB accounts and withdraw money from their Mobile Money wallets using I&M ATMs and other RSwitch connected ATMs without the use of a bank card. The new service
Visa is looking to displace cash in Africa wherever they can by introducing and familiarising people to various e-payment technologies. This is according to Mandy Lamb, Visa’s Country Manager for South Africa, who held a media briefing last week to discuss Visa’s plans in Africa. Mandy pointed out that one must no longer think of
Exim Bank Tanzania has launched a special branch stimulation training for its staff in a move aimed at enhancing efficiency in delivery of services. New members of staff are scheduled to get an average of 56 hours of training, while others would have a minimum of 160 hours of ongoing classroom exposure. Speaking at the
The Central Bank of Kenya (CBK) has reported KSh6.2 billion (US$71 million) is transacted every day via mobile money, up from a daily average of KSh5.2 billion (US$59 million) last year. The Business Daily reports CBK data revealed that KSh543 billion (US$6.2 billion) changed hands in 206 million transactions conducted through mobile phones in the
PayFast sellers can start accepting Bitcoin payments from local and international buyers. (Note that Bitcoin payments are currently in beta testing mode.) PayFast entered into an exciting partnership with South Africa’s biggest Bitcoin exchange, BitX, which will allow buyers to make Bitcoin payments to PayFast sellers. What makes this different from most Bitcoin platforms/transactions, is
Telecel has introduced a debit card for Telecash subscribers, the Telecash gold card, which they can use to pay for goods and services at any of the more than 5 000 ZimSwitch points of sale across the country. It is the first mobile phone network to have issued debit cards for its mobile electronic wallet
Kaymu Ghana has announced a partnership with Tigo Cash to help make payments seamless and stress-free. “Kaymu and Tigo Cash have partnered to make the process of buying and selling more seamless by providing a stress free payment method for buyers and sellers to conduct their business transaction,” said Tim Burkly, Kaymu Ghana managing director.
3dcart has partnered up with international pay-processor Interswitch which leads in governmental, organizational & ecommerce transactions in Nigeria as a payment gateway. Nigerian retailers will now be able to utilize 3dcart software and features in conjunction with Interswitch financial operations. Interswitch Limited is an integrated payment and transaction processing company that provides technology integration, advisory
