Nigeria’s Guaranty Trust Bank (GTBank) has launched SME MarketHub, an e-commerce portal for small and medium enterprises (SMEs) in Nigeria, which seeks to enable entrepreneurs to bring their businesses online and take advantage of the vast sales opportunities within the space. The bank said the portal allows it to contribute to the growth and development
Stanbic Bank Ghana has introduced the Stanbic MoneyWallet Multi-Currency Card, the first of its kind in Ghana. The new MasterCard-branded card offers a safer and more convenient alternative to foreign currency notes and allows both customers and non-customers of the Stanbic Bank to load and have access to up to four foreign currencies on a
South African e-commerce technology platform uAfrica has partnered with e-commerce store creator Shopify, to provide the latter’s services to the South African market. uAfrica said South Africans sell through a combination of web storefronts, online marketplaces and in-person, and the Shopify partnership helps bridge the gap and streamlines business operations and sales. HumanIPO reported last
The East Africa Bank Award for 2014 that was dominated by Kenyan banks seems to have been taken lightly in Tanzania and therefore may not give a true picture of banks performance in the country, according to the organiser of the award. The Chief Executive Officer of the Think Business Limited which organised a survey
TMB has been announced as the Best Bank in Central Africa at the prestigious African Banker Awards. The awards ceremony was held in Kigali, Rwanda, during the African Development Bank’s 50th anniversary Annual Meetings. The awards ceremony was attended by numerous ministers of finance, central bank governors and bank CEOs. Mr. Yannick Mbiya Ngandu, member
FNB has announced that more than R10bn has been sent to recipients via its mobile money solution, eWallet in South Africa, since its inception. Fifty-three percent, R5.3 billion, of the R10 billion was sent in the last year alone (May 2013 to April 2014), proving that mobile money is fast becoming an accepted replacement for
A petition has been launched on Change.org asking PayPal to bring its online payment service to Nigeria by Lagos-based design company CreativityKills. The petition, which at the time of going to press had 88 supporters, said, though being citizens of the country with the largest economy in Africa, Nigerians that want to take part in
Edgetech Solutions, a banking solutions company based in Zimbabwe-Harare, will soon launch a mobile payment application that uses NearBytes technology to transmit payments through sound. The solution named Edgepay integrates Edgetech systems, NearBytes and POS APIs to build a solid Mobile Payment application. With this app, which will be released for iOS and Android platforms
Kenya’s Equity Bank plans on issuing subscribers with ultra-slim SIM cards to access mobile money accounts provided by the bank while saving users the trouble of migrating networks, according to a report. The company was last monthgranted a mobile virtual network operator licence by the Communications Authority of Kenya (CAK) and this weekannounced its rollout
With Nigeria having recently eclipsed South Africa as the continent’s biggest economy, it is worth taking a look the nation’s progress from the perspective of a service which is indispensable to the modern way of life – electronic payments. And electronic payments, in turn, depend on suitable telecommunications and banking infrastructure. The pace of change
