Guaranty Trust Bank plc has launched “The SME MarketHub”; Nigeria’s 1st e-commerce portal for Small and Medium Scale Enterprises (SMEs). The e-commerce and business directory portal is part of GTBank’s strategy to empower and support Nigerian SMEs and also contribute to the growth and development of the Nigerian economy. The portal is designed to enable
SWIFT has released figures showing its business in Africa is outperforming the its growth globally, with African volumes growing by 16 per cent compared to 10 per cent worldwide. The company said figures released at its 21st African Regional Conference in Marrakesh, Morocco, provide more evidence of Africa’s growth and long term trends, highlighting the
In a bid to provide efficient and secure services, CRDB Bank has further improved its SIM Banking to accommodate new features that give customers the conveniences to perform more transactions at any location in the world. Mobile phones have clearly shown that they can be an effective channel to provide financial services including remittances, savings
Kopo Kopo has announced that they have now processed over 1 million transactions. A statement on their blog said, “We’re thrilled to announce a big milestone for Team Kopo Kopo. A few weeks ago, we processed our 1,000,000th payment via Lipa na M-PESA. Our first live Lipa na M-PESA payment was for six bottles of
In an effort to reward its most loyal customers, Econet this week introduced a loyalty program, the Econet Platinum Card. Under the program, holders of the loyalty card will get preferential access to some Econet services, Econet shops and the call centre. The members will also get exclusive access to some packages from partner companies
Holding a third of the world’s 61 million active mobile money accounts, Kenya is the clear global leader in digital finance. Across East Africa, Kenyan agents generate the highest amount of transactions per agent, but the lowest amount of profits in the region. Surprisingly, Kenyan agents earn a lower median profit per month ($70) than
Online money transfer service WorldRemit has partnered operator Tigo Tanzania to allow individuals sending money to friends and family living in Tanzania to have the funds delivered to a Tigo Pesa mobile wallet. The deal is available for customers sending money from the 35 countries in which Tigo has a presence, with the companies saying
The FNB Banking App has published its latest version to App stores and it is packed with new features, a new look and feel, account opening, personalised customer offers and inward SWIFT payments from abroad. The refreshed look and feel makes the App visually more appealing, and more importantly, even easier to use. The FNB
Kenya’s Equity Bank hopes the launch of its mobile virtual network will remove confusion from the country’s mobile financial services sector, and aims to have all consumers using two SIM cards on their mobile. HumanIPO reported in April the Communications Authority of Kenya (CAK) issued mobile virtual network operator (MVNO) licences to three applicants, including
A year after launching its successful Zimbabwe Money Transfer service, FNB has added an additional affordable cross border service, this time to Mozambique. This service is available to qualifying FNB customers in SA to send money to residents in Mozambique instantly, through its Cellphone and Online Banking channels. “We have seen with the FNB Zimbabwe
