The Bank of Mauritius has released a statement saying that it has come to their knowledge that fake bank cheques, purportedly emanating from banks, are currently in circulation in the country and that certain companies have been victims to such fraudulent practices. The Bank of Mauritius strongly urges members of the public to exercise extreme
Leading Kenyan telecom Safaricom and Kenya Commercial Bank (KCB) have formed a strategic partnership, with the first project a one-stop integrated solution that will cater to the needs of small and medium enterprises (SMEs) in Kenya. Biashara Smart is a set of communications and financing products, capacity building initiatives and reward programmes aimed at connecting,
Kenyan mobile operator Safaricom has opened up its M-Pesa mobile money agents network to rival operators, allowing integration between various mobile money platforms, according to a report. Business Daily reports the move now allows investors to run M-Pesa services alongside rival mobile money platforms provided by Airtel and Orange. Last month Safaricom was braced for
A few days ago, Telecel’s General Manager, Angeline Vere disclosed that the company’s mobile money service that was launched 5 months ago, Telecash, now has 600,000 registered subscribers. This is an impressive number in a number of ways, but mostly in comparison to Econet’s EcoCash, which has generally been regarded a success. Consider for example
Nigerian payments company eTranzact has expressed its openness to deeper collaborations with local developers to produce better integrated payment systems that will operate at the standard of global payment systems such as PayPal. “Collaboration is key to the growth and development of better integrated payment systems for Nigeria,” the company said in a statement. “We
Tanzanians have been urged to build and strengthen a culture of saving through banks and other financial institutions for their own benefits and the country’s economic development. Talking to journalists in Dar es Salaam, the Deposit Insurance Board (DIB) officials said the culture of saving through banks enables depositors access loans for their development. The
Barclays Bank of Botswana, has partnered with Bytes Managed Solutions, the exclusive distributor of NCR technology solutions in southern Africa, for the installation of intelligent cash deposit ATMs. Last month, the bank launched a new generation of ATMs that provide customers with convenient ways of banking outside the banking halls. The ATMs are specifically designed
MasterCard’s Multi-currency Cash Passport, a prepaid Chip and PIN-protected travel card, is now available from 54 American Express Foreign Exchange bureaux countrywide. As the only product of its kind in South Africa that can be preloaded with up to four currencies (U.S. Dollars, Pound Sterling, Australian Dollars and Euros) at once, the MasterCard Multi-currency Cash
Emerge Mobile, a South African based technology company in the mobile payments space, has announced the commercial launch of its Edge MPOS payment card acceptance solution. iKhokha, a South African, Cape Town based financial services brand created by Emerge Mobile, is the inaugural go-to-market vehicle for The Edge, which is a secure and compact Chip
Members of the public in Tanzania may soon start accessing credits on competitive terms, thanks to the Credit Reference Bureau (CRB), that commercial banks have embraced amid optimism that the data base will help to extend financial services to more people, a new study has shown. CRB is the database for consumer credit information that
