A lack of interoperability is harming the mobile money market, with only ten operations reaching success out of the 150 launched in the past few years, according to Virginie Bonnot, mobile financial service sales director for Southern and Central Europe at Oberthur Technologies. Bonnot was speaking at the 2014 Mobile Money and Digital Payments conference,
Guaranty Trust Bank plc has been adjudged the “2014 African Bank of the Year” for the 2nd consecutive time by African Banker Magazine in an announcement made on Wednesday, 21st May, 2014 at the awards ceremony that held at Kigali Serena Hotel, Rwanda. The African Banker Awards is one of the biggest annual events that
ATM Solutions Zambia, a subsidiary of Paycorp, has installed its 20 ATM for Zambia’s Cavmont Bank. The installations to date have been located at Cavmont Bank branches across Zambia, with the latest being in the northern province of Mpulungu. ATM Solutions is largely driven by providing financial inclusion to people who otherwise have limited or
National Bank has announced strategic partnerships with Kenswitch, the national payments switch provider, and Post Bank, as it moves to enhance its distribution networks across the country. The new partnerships will provide all National Bank customers access to 1,200 Kenswitch’s ATMs services across East and Central Africa and also provision of agency banking services at
Rwanda’s President, Paul Kagame, has received a special recognition award at the African Banker Awards 2014 for Rwanda’s achievements, including spearheading the economic growth and transformation that the country has registered over the last 20 years. The annual event, which took place on Wednesday, May 21 at the ongoing Annual Meetings of the African Development
Over seven million subscribers are now using Kenyan mobile operator Safaricom’s microfinance platform M-Shwari, according to George Ndegwa from the operator’s financial services division. Ndegwa was speaking at the 2014 Mobile Money and Digital Payments conference that kicked off in Johannesburg, South Africa yesterday. M-Shwari allows users to make use of the M-Pesa system to
MasterCard has won the Award for Financial Inclusion at the 2014 African Banker Awards, in recognition of its far-reaching achievements in extending financial inclusion across Africa. The Award recognises MasterCard as the company that best succeeded in delivering financial products and services to broad segments of society, thus contributing to financial inclusion, development and growth.
The Bank of Mauritius is pleased to announce that it has granted a new banking licence to Habib Bank Limited (HBL) to conduct Islamic banking business through a window operation, alongside its existing banking business. Mr Rundheersing Bheenick, Governor, Bank of Mauritius, handed over the new banking licence to Mr Abid Sattar, Regional General Manager,
Standard Bank has announced the launch of their mobile payment app, SnapScan. This is the bank’s first mobile payment offering that allows merchants to receive payments from their customers through a combination of a QR code and a secure PIN number. According to Standard Bank’s Head of Innovation and Channel Design, Vuyo Mpako, “We are
Nedbank was recently awarded first prize in the Banking category at the annual South African Service Awards held at Melrose Arch, Johannesburg. The awards recognise leaders in customer-centred service across five industries: banking, short‑term insurance, telecommunications, security and travel. This marks the second consecutive year that Nedbank has won the coveted Financial Services: Banking award
