United Bank for Africa (UBA) Plc has taken banking to a new level with the introduction of twitter based transaction alerts for customers. The bank has announced that customers will now have the option of receiving transaction alerts in their Twitter direct messages inbox. Before now customers can only receive transaction alerts as text messages
United Bank for Africa (UBA) Plc last week announced the introduction of a new product “U-Advance Card,” a payment card that allows workers who operate a salary account with UBA to get a credit advance ahead of pay-day. “The U-Advance Card is an internationally accepted card payment solution designed to address the salary account holders’
South Africans will now benefit from a more seamless, speedy and secure online shopping checkout with the launch of the innovative MasterCard digital service, MasterPass. MasterPass enables consumers to make convenient, simple, fast and secure digital payments. Digital wallets accessible through the MasterPass acceptance network allow consumers to store all their MasterCard or other branded
When four-time world surfski champion Dawid Mocke started gaining international interest in his line of personal flotation devices and other paddling gear, he quickly realised an effective e-commerce website and an easy-to-use payment gateway were essential. “We have a niche business in a fiercely competitive field and it’s essential to make the experience as easy
Rwanda’s banking sector recorded increased profits in the first quarter of 2014, thanks to a cash-hungry economy recovering from the 2013 slump. The sector recorded Rwf700m in total profits during the first three months to hit Rwf8.8 billion (approx. $10m) measured against last year’s Rwf8.1b, Rwanda’s central bank announced two weeks ago. While there was
The Bank of Tanzania (BoT) is considering the use of Short Message Service (SMS) to educate the public on legal tender security features, being part of strategies to prevent fabrication and distribution of counterfeit notes. Commenting on the seriousness of the matter, Senior Clerical Officer from the BoT, Directorate of Banking, Ms Rehema Zongo admitted
KCB Group and Safaricom Limited, two of East Africa’s most successful companies have announced a far-reaching strategic partnership that is expected to reshape how tens of millions of consumers in Kenya access financial and telecommunication services. The partnership is expected to be a game-changer, bringing together the region’s leading mobile operator and bank, who both
uAfrica.com, a leading South African eCommerce technology company, has announced the launch of the first phase of its expansion plan into the rest of Africa. The first phase targets Nigeria with a trial Proof of Concept (POC) partnership with MTN Business customers who will be able to develop their own online shops through uAfrica.com. Phase
Microsoft has partnered with leading Kenyan telecom Safaricom to make it possible for customers to download apps from the Windows Phone Store and make payments using their mobile phones, opening a reliable revenue channel for the developer community. Mobile operator billing services will target the growing number of Windows-based smartphone users who previously had to
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorized international remittance service providers in Kenya. The results for May were as follows. Remittances to Kenya increased by 8.6 percent, to USD 119.7 million in May 2014 compared to USD 110.1
