Jovago’s customers are responsible for the company’s rapid expansion, according to Nigeria managing director Marek Zmyslowski, who told HumanIPO the company has experienced amazing growth in Nigeria and is now looking further afield. “In order to fulfill the needs of our Nigerian customers travelling abroad and still wanting to use Jovago.com, we have opened offices
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 300 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a marginal increase in ATM withdrawal levels for March. The SCI revealed a month on-month increase of 0.29% in average cash withdrawal figures for
After more than a year spent building anticipation, Nettcash has officially launched its mobile money service. As most people had noticed for more than a year now, Nettcash has established an online presence with a website that gave an outline of their products (albeit with a coming soon tag) as well as a subtle offline
Exim Bank Tanzania Limited has embarked on implementing its Vision 2016 that seeks to double its balance sheet and increase market share in deposits by 2016. Being the sixth largest bank in the country in terms of total deposits and assets, Exim Bank has set its eyes on an ambitious target for the year 2016.
A number of key dynamics and developments are likely to substantially alter the global operating landscape for retail banks by 2020, according to a PwC report titled ‘Retail Banking 2020: Evolution or revolution’. Just over half of global bank executives (55%) surveyed believe that non-traditional players pose a threat to the traditional retail banking industry.
Akiba Commercial Bank (ACB) plans to launch a branch in Mwanza region this year, bringing to 17 the number of branches in the country. Speaking in Dar es Salaam, ACB Head of Marketing and Communication, Mr Fredrick Archard, said that the opening of Mwanza branch is the continuation of the bank’s expansion strategy. “Many financial
On the sides of the just concluded World Economic Forum, the Acting Governor, Dr. Sarah Alade participated at a Media Chat on ‘Promoting Global Financial Inclusion in Africa’. The event which took place at the Barcelona Hotel, Wuse, Abuja on 7th May, 2014 featured Matthew Bishop: US Business Editor and New York Bureau Chief of
Remittances to Kenya have increased 16 per cent over the past year, according to the Central Bank of Kenya (CBK), boosted by the growth in remittances through the likes of Western Union and M-Pesa. The bank said the country has received nearly US$120 million from Kenyan diaspora, up US$17 million from last year. “Remittance inflows
Kopo Kopo, a leading provider of business management software with over 10,000 clients in Kenya, has announced its new merchant cash advance service called “Grow.” Unlike a traditional bank loan, Grow is designed to help businesses grow and prosper by accommodating their cash flow cycles. Grow cash advances are disbursed in minutes, require no personal
South African-based Net1 Mobile Solutions, is showcasing its secure prepaid mobile solutions designed for the utilities sector at this year’s African Utility Week held in Cape Town this week. “The benefits of a prepaid electricity system are obvious” said Philip Belamant, Managing Director of Net1 Mobile Solutions. “Consumers can plan their purchase and consumption of
