Online technology portal NUMERIS-MEDIA has released its e-Banking Africa report for December 2013, with a focus on payment cards and remittances. Says Anne Agbakoba, Editor & Chief Reasearch Officer at NUMERIS-MEDIA: “In 2010, 34 per cent (313 million) of Africa’s population was considered to be ‘middle class’, and this figure is projected to triple to
B-PESA has inked deals with UnionPay, a move that gives the newly introduced prepaid bank loop card a wider operating territory outside Tanzania, covering 1.6 million ATMs and over 12 million merchants in 142 countries. Apart from UnionPay, many Tanzania based banks have expressed interest in partnering with Smart Banking Solutions (SBS) – the company
Botswana’s national annual inflation kept the downward trend in November, dropping to 4.1 percent from 4.8 percent in October, and is expected to further remain low supposed factors remain favourable, Statistics Botswana (SB) has reported. Data authority said that the inflation stood at as high as 7.4 percent during the same month in last year,
Target has confirmed it is aware of unauthorized access to payment card data that may have impacted certain guests making credit and debit card purchases in its U.S. stores. Target is working closely with law enforcement and financial institutions, and has identified and resolved the issue. “Target’s first priority is preserving the trust of our
A huge number of South Africans rely on the ATMs to withdraw money. However the increased usage of ATMs has also resulted in criminals devising various scams such as card skimming, swopping and the trapping of card inside ATMs. This is usually accompanied by shoulder surfing to steal PIN numbers. SABRIC’s research has revealed that
This year saw a rise in online spending across the globe, with USA reporting a 20% increase in online shopping on Cyber Monday as shoppers snubbed physical retail stores in favour of missing out on the holiday queues. Locally South Africans are coming to the party, with recent report showing that 9.5% of South Africans
With Christmas around the corner many retailers are looking forward to the increase in sales but some retailers are looking at Omni-channel options to optimise shoppers holiday spend. Recent studies show that there are large gains to be made by retailers who diversify the options available to their shoppers. There has been a major shift
The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to U.S. District Court Judge John Gleeson’s approval of a controversial antitrust lawsuit over credit card swipe fees. “We are very disappointed that this deeply flawed settlement has been approved. It is not supported by the
The Managing Director/CEO of Guaranty Trust Bank plc, Segun Agbaje has been announced as the 2013 Pan Africa- CEO of the Year award winner by EMEA Finance, United Kingdom. Hosted by EMEA Finance; the leading bimonthly global industry publication that reports on major financial events influenced by the international financial industry active in Europe, Middle
Botswana central bank, Bank of Botswana says it will introduce a new family of coin in the first quarter of 2014, the bank disclosed in a statement this week. The introduction of the new coin follows a comprehensive review of the national currency, in this case Botswana coin. “This is in line with international norms
