Freshfons Nigeria and Aten have announced the launch of ATM remote management technology in Nigeria, an all-in-one hardware-based control unit that provides KVM over IP, remote power, aerial console management and virtual media functionality. Aten KN1000 KVM Over the NET offers remote ATM management and support by enabling administrators to access, monitor and repair ATMs
Absa, wholly owned by Barclays Africa Group, is making the transition to a fully digital financial services provider. Updating existing and developing completely new technologies will transform the way South Africans bank and set Absa apart from anything that most traditional banks offer, end-to-end. The bank announced this at a press event held in Rosebank
Following concerns raised in the Competition Commission Bank Enquiry Report regarding interchange fees, the South African Reserve Bank initiated the Interchange Determination Project in 2011 to review interchange rates applied in all relevant payment streams. Two payment streams were selected for the initial phase of the project, namely ATM and all card-related streams. The card
Over half of Tanzania’s adult population currently have access to financial services compared to just 27 per cent in the year 2009, thanks to mobile phone money services which central bank boss Prof Benno Ndulu also describes as ‘electronic wallet.’ The improvement, which stands at 57 per cent of the population above 16 years old,
Econet Services has officially launched a new product called EcoCashLoans, an extension of EcoCashSave at an event held at Holiday Inn in Harare this morning. EcoCashLoans, just like EcoCashSave will be administered by Steward Bank. EcoCashLoans is a service that allows EcoCashSave customers to borrow amounts from $5 to $500. Initially, the EcoCashLoans tenure will
Interswitch, recently finalised a deal with Western Union to introduce an account-based money transfer service into the Nigerian market. This deal allows customers to receive money transfers from Western Union directly into their bank accounts. The service eliminates the need to visit a physical bank branch and there is no additional charge to the receiver
Exim Bank Tanzania has expanded its footprint in the Comoros by opening its fourth branch in Domoni (Anjouan), in a move designed to take services closer to customers in the islands. The Governor of Anjouan, Mr Anissi Chamsidine, who was the chief guest, at the inauguration at the weekend, commended Exim Bank for its efforts
The 3rd Annual East Africa Banking and ICT Security Summit – themed ‘Strengthening Banking and ICT Development in East Africa’ – will be held on April 25 in Kampala, Uganda. The one-day conference will centre on key security issues on core banking systems, software, mobile banking, cards and payments, fraud and risk management solutions. It
Secondary market research publisher yStats.com has released findings in its “Africa B2C E-Commerce Report 2013” indicating that the growing Internet penetration, the spread of mobile technology and improvement of payment and delivery infrastructure are factors that can boost E-Commerce on the continent. yStats.com CEO Ycel Yelken states “E-Commerce has a high potential in Africa as
As part of efforts to promote inclusive banking and the cashless policy, Access Bank Plc has opened a self-service electronic branch in Ikota, Lagos State. The bank said the self-service banking service is its innovative response to smart-banking revolution craved by customers. The banking channel is expected to bridge the service gap and improve overall
