OLX, the online classifieds site in fast-growing markets around the world, has announced that its mobile app has been downloaded more than 14 million times. With 123 million unique monthly visitors in 107 countries worldwide, OLX has quickly become the dominant player in emerging markets such as India and Brazil, where the company enjoys a
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed an increase in ATM withdrawal levels for December 2013. The SCI revealed a month-on-month increase of 2.97% in average cash withdrawal figures for December
A few days ago, TechZim broke the news that Econet and the banks are finally warming to each other on the issue of banks being granted access to Econet subscribers so they also provide mobile money transfer service to them. The banks are not completely happy yet, but integration talks are on and some of
The state of Akwa Ibom in southern Nigeria has introduced online payment for all legal fees, becoming the first Nigerian state to introduce e-payments in its judiciary arm. The state has also acquired an e-Judiciary enterprise resources planner (ERP), an electronic application that handles court processes. According to the chief judge of the state Justice
Verve International, Africa’s leading indigenous payment card brand, has announced a competition in partnership with Nokia and Microsoft aimed at supporting Nigeria’s indigenous application development community by providing payments in mobile apps. The theme of the competition is “Build with Verve: Lumia Edition”, with Verve saying the partnership is aligned with its drive towards effective
The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya. A remittance is money sent by a person in a foreign land to his or her home country. Due to the huge sums involved, remittances
Standard Chartered has announced the opening of an onshore banking subsidiary in Angola, together with ENSA, a leading Angolan insurance company. The Bank has signed a joint venture with ENSA in which Standard Chartered is the majority shareholder, with 60% of the share capital of the bank, and ENSA with 40%. The subsidiary, which will
WorldPay, a provider of payment processing, risk and alternative payments and Delego, a global supplier of SAP integration software for processing electronic payments, have announced an integration of WorldPay’s end-to-end payment services with Delego’s electronic payment processing platform. The Delego / WorldPay integration combines SAP enterprise systems with online payments. The Delego software securely captures
The provider of mobile billing and messaging solutions, txtNation, has now launched its mobile billing solution using Premium SMS in Kenya, allowing businesses to accept mobile payments in the African country. Kenya is one of the fastest growing markets in mobile content and mobile commerce activity, with a 97% growth in 2013. With a population
Online retailing has grown significantly in the last few years and increased online transactions are proving that South African consumers are feeling more and more comfortable translating their previously traditional purchasing habits to the more interactive and fast-paced online environment. Christy Turner, Co-Founder of Webtickets, the market leader in integrated online ticketing solutions in South
