MasterCard and Ecobank Announce Multi-country Agreement in 28 Sub-Saharan African Countries

Posted on by wademinnie | 55497 Views | 14 min read

Ecobank Transnational Inc. and MasterCard, have announced a multi-country licensing agreement which will provide access to MasterCard’s electronic payments solutions for Ecobank’s customers in a further 23 African countries. The agreement is the culmination of a Memorandum of Understanding (“MOU”) originally signed in November 2011, and importantly, enables electronic payments access to more than 60%

Video Interview with Kenya-based Rupu Deals

Posted on by wademinnie | 9314 Views | 2 min read

Rupu is a daily deals and discounts website based in Nairobi, Kenya. Working on a similar model to deal sites like groupon they are introducing Kenyans to the possibilities of online shopping. Offering a wide variety of consumer goods and experience deals the daily deals site has gained a lot of popularity in Nairobi since

Emerge Mobile’s MPOS Solution Achieves PCI-PTS Certification

Posted on by wademinnie | 8724 Views | 19 min read

Emerge Mobile, a South African based technology company specialising in the mobile point of sale (MPOS) payments space, has achieved Payments Council International Payment Terminal Security (PCI-PTS), and Europay, MasterCard and Visa (EMV) Level 1 and 2 certifications for its MPOS payment card acceptance solution. This is the first time a fully South African designed,

New e-Billing and Payment Services for South Africa

Posted on by wademinnie | 11651 Views | 14 min read

BankservAfrica, Africa’s largest automated clearing house and ebpSource, a leading global electronic bill presentment and payment solution provider are rolling out South Africa’s first bank-based electronic billing and payment service. The new service is being introduced to consumers through connected online banks. BankservAfrica manages the electronic bill presentment and payment (EBPP) service on behalf of

Nedbank Chooses INETCO Insight for Payment Platform Transaction Monitoring

Posted on by wademinnie | 12430 Views | 12 min read

INETCO Systems Limited, a provider of transaction monitoring and analytics software, announced that Nedbank, one of South Africa’s largest banks, has licensed the INETCO Insight business transaction management (BTM) solution. Having grown by over two million individual and small business clients over the last two years, Nedbank chose INETCO Insight to improve the bank’s operational

Mobile Banking Offers Access to Informal Sector in Tanzania

Posted on by wademinnie | 10175 Views | 10 min read

Over 8 million people in Tanzania who fall in the informal sector now have the opportunity to access banking services, thanks to the launching of a new banking service which utilises mobile phones. Speaking at a brief ceremony, Covenant Bank Executive Director, Ms Sabetha Mwambenja said that the launching comes at a time the government

Central Bank of Nigeria Implements New Payments Systems

Posted on by wademinnie | 10440 Views | 8 min read

According to a report in the Nigerian Tribune The Central Bank of Nigeria has improved the Nigerian payment system with the introduction of a new Real time Gross Settlement System (RTGS) and integrated with a Scripless Securities Settlement System ( SSSS). The new systems were produced by CMA, a Swedish company which has implemented similar

$300,000 for Zimpost’s Zipcash Money Transfer Just Three Months After Launch

Posted on by wademinnie | 10382 Views | 4 min read

Zipcash, the money transfer service from Zimpost is reported to have earned $300,000 in commissions during the period between October and December 2013 according to reports in the Herald. The state owned postal service company (Zimpost) launched Zipcash in October 2013 as a replacement or upgrade of the traditional money order system that was in

Zimbabwe Implements Tax on Mobile Money

Posted on by wademinnie | 7267 Views | 4 min read

The Zimbabwean Government has decided to implement a tax on all mobile money users. The five cent tax will be charged on all transactions and will allow the government to track mobile money usage in Zimbabwe in a similar way to the transaction tax collected on all ATM withdrawals and banking transactions. The new tax

Predictions for Banking and Payments in 2014

Posted on by wademinnie | 8146 Views | 10 min read

In the spirit of the New Year, here are a few global banking and payments predictions for the coming year. 1. Personalisation of Mobile The data and hyper-connectivity provided by mobile devices is increasingly being utilised to personalise the retail experience. Mobile devices allow for greater customer-merchant engagement and interaction through location targeting and loyalty