Diamond Bank, one of the leading retail banks in Nigeria, is exciting Nigerian youths with the launch of the Diamond S.W.A.G Account at the Obafemi Awolowo University (OAU), Ile-Ife venue of this year’s on-going National Universities Games Association (NUGA) games. S.W.A.G, an acronym for ‘Student With A Goal’ is a newly designed proposition targeted at helping
Nigerian e-commerce site Konga.com has opened its platform to all businesses in the country in a bid to fuel e-commerce through structured universal participation, naming its new service Konga Marketplace. Konga.com had previously allowed select businesses to list their products and services on the so-called Konga Mall as of last year, but today announced the
Mobile Telecommunications Limited (MTC) Namibia, a network and Telecommunications Company, has partnered with Mobicash Payment Solutions (Pty) Ltd, trading as MobiPay to offer mobile payment solutions in Namibia. MTC Money is a payment solutions that allows you to use your cellphone to transfer/withdraw/deposit money, buy airtime, electricity, pay bills and make Point of Sale (POS)
AfrAsia Bank has introduced a rewards program offering real time booking on over 450 airlines and at 200,000 hotels to its World and Titanium MasterCard cardholders. In collaboration with Infinia Services & Solutions and MasterCard, this rewards program enables cardholders to earn XtraMiles whenever they swipe their World or Titanium MasterCard credit cards. XtraMiles is
Due to the increase in Card not Present (CNP) fraud in South Africa, the Payment Association of South Africa (PASA) has made a decision to mandate the implementation of 3D Secure for all e-commerce merchants. The deadline for this implementation has been set at 28 February 2014. 3D Secure is the collective term used for
TIGO and NMB Bank have launched an innovative service that enables customers of the bank and Tigo-Pesa services to deposit and transfer funds through a mobile phone. Speaking at the event, Mr Ruan Swanepoel, TigoPesa Commercial Manager and Mr Tom Borghols the NMB Acting Chief Executive Officer and Chief Risk Officer described the new service
South Africa’s Standard Bank has set up an experimental internal Bitcoin trading platform, according to a presentation given at the 2014 Finovation Europe conference in London. Standard Bank has launched the pilot programme using technology provided by Switchless, a platform that enables banks to provide Bitcoin services to their customers. Photographs on the Finovate blog
Kenyan payments provider Paynet has merged its PesaPoint agent network with that of Pep Intermedius, aimed at growing the PesaPoint brand and expanding its network. The expansion of the PesaPoint network will be taking place ahead of its new multi-institution agency model expected to be rolled out in partnership with mobile money providers and banks.
Equity Bank Group together with Infosys Technology, IBM, Oracle and Open Way Group have unveiled the successful upgrade of the Group’s integrated and robust IT platform which will enable the Bank roll out its future technology driven innovative products, provide comprehensive business functionality and enhance customer experience. Equity Bank core banking system has now been
Vodafone and MoneyGram, a global money transfer and global payment services company, have teamed up to enable consumers to transfer funds directly from around 200 countries to the millions of users of M-Pesa. This service will be launched in key markets during the second quarter of 2014, with additional roll-out planned throughout the remainder of
