Residents of Kenya, Rwanda, Uganda, Burundi and Tanzania will now be able to travel with their respective national currencies in other East African Community (EAC) countries and make digital cross-border cash transactions in real time. The new development comes through the just launched East African Community project on Payment and Settlement Systems Integration Programme (PSSIP)
There’s a new kid on the block in the payments environment that promises to deliver even greater convenience and practicality. It’s called ‘Bluetooth Low Energy’, or BLE, and it’s based on technology which is over a decade old. Be that as it may, BLE promises to revolutionise the way consumers and retailers interact – but
The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to the announcement by Visa and MasterCard of the formation of a new cross-industry group focused on enhancing payment system security: “We remain insistent that U.S. retailers’ customers be given the same protections as consumers in
Telecel launched Telecash in Zimbabwe with interoperability as their main trump card and that promise seems to be taking shape. Telecel has announced via their Facebook page that Telecash users could now pay their insurance premiums via the mobile money service. Based on the announcement and advert, the service seems to be only active with
Telkom Mobile, the mobile division of telecommunications company Telkom, and BlackBerry have announced an integrated carrier billing service for BlackBerry smartphone customers in South Africa. The service is made possible through Telkom Mobile’s newly developed Event Billing service and will enable Telkom Mobile customers to purchase applications on the BlackBerry World™ storefront and charge it
Teasy Mobile has appointed VeriFone Mobile Money, a joint venture between VeriFone and Mobilis Networks Limited, to widen mobile money services in Nigeria. Under the agreement, VeriFone will deploy its retail enablement solution integrating mobile wallet, banking and telecommunication provider networks with point-of-sales (POS) to drive mobile money. Teasy will partner with stakeholders in Nigeria
MasterCard and Visa have announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization,
While PayPal is better known and long-established, 13 challenger brands including Square and Amazon Payments are gaining recognition and credibility in the rapidly changing payments marketplace, according to Merchant Paymentality, a Cogent Reports study from Market Strategies International. “Currently, PayPal is the only alternative web- and mobile-based payment processing provider among a field of 35 competitors to earn ‘Star’
South Africa’s First National Bank (FNB) has revealed the youth market, aged 18 to 25, has shown the greatest growth in the uptake of its mobile banking app. The bank said the youth market has seen 14 per cent growth this year, rising by 133 per cent from when the app was launched in 2011.
Telecel and MultiChoice Zimbabwe have signed an agreement allowing DStv subscribers to use Telecash to pay for their subscriptions through their mobile phones. Telecash – which launched in January – can be used by its subscribers to send money to any mobile phone user regardless of network and pay bills and for goods and services
