Thames Card Technology Ltd (TCT), a manufacturers of secure and non-secure plastic cards, has won a tender to be the supplier for the production, personalisation and distribution of one million EMV chip payment cards for Ghana Commercial Bank (GCB Ltd.). Thames will also offer its portfolio of consultancy services to support GCB Ltd. in its
Extending the benefits of electronic payments to people who have been financially excluded is especially important in Africa, where less than a quarter of adults have a financial product or bank account with a formal financial institution, and about 90% of all consumer payments are conducted in cash. Traditional bricks and mortar banking infrastructure needed
Alibaba, China’s largest e-commerce company, has begun the process of an initial public offering in the United States. Citing an interest in becoming a more global company it is working towards a listing on the New York Stock Exchange. Alibaba is an e-commerce giant, founded by Jack Ma in a one-room apartment 15 years ago,
“I was recently asked whether I felt that the closure of the four online shopping portals – SA Camera, Style36, 5 Rooms and Kinderelo – by media giant Naspers, was an indication that South Africa is not yet ready for online retail and that there is no money to be made in the industry,” said
Exim Bank has urged more Tanzanians to utilize fully services offered by banks and other financial institutions, noting that saving money in banks is safer and the most convenient way of investing. Exim Bank Tanzania Assistant Manager (Corporate Relationship), Mr Justin Wambali, said people should use banks to save money for their future development. He
South Africa’s Standard Bank has announced the release of a new mobile app, offering increased functionality to its client base. The app is available on Android and iOS tablets with an additional release due later this year increasing flexibility on smartphones. “Standard Bank’s app for tablets is set to transform mobile banking and the way
Transaction security must increase as mobile money services grow across Africa, while transparency and interoperability are key to encouraging further uptake of such services, according to Christelle Toureille, Middle East and Africa (MEA) marketing director for banking and telecommunications solutions at Gemalto. Speaking at Africa’s Payments, Banking and Retail Show 2014 in Johannesburg today, Toureille
FNB has enhanced the FNB Banking App for smartphones and tablets to include credit card functionality that will enable customers to manage their credit cards more efficiently from their smart device. The new functionality allows credit card holders to activate and cancel credit cards, order additional or replacement credit cards, and view credit cards and
South Africa-based Net1 Mobile Solutions (“N1MS”), a business unit of Net 1 UEPS Technologies, Inc. together with its long-time partner Supa Pesa, has expanded its Advance Airtime African footprint with the launch of TeleKom Networks Malawi (“TNM”) Airtime Credit service, Pasavute. Pasavute, which means ‘No worries’ in Chichewa, allows subscribers of TNM to purchase airtime
Cards and Payments World Africa 2014 is taking place this week on the 18th and 19th of March at the Johannesburg Convention Centre. It is the place where Africa’s payment specialists meet to discuss the challenges and opportunities in the industry. The show will feature 1200 attendees with 200 VIPs and 80 exhibitors. There will
