Guaranty Trust Bank plc has announced the upgrade of its internet banking platform for all customers. The upgrade incorporates a new look and additional technical functionalities. The upgraded Internet Banking platform provides customers with a more user friendly way to carry out their online transactions and manage their services. It also offers customers an account
Net 1 UEPS Technologies Inc. has announced that the South African Constitutional Court ruled that the tender process followed by the South African Social Security Agency (“SASSA”) in awarding a contract to Net1’s wholly owned subsidiary Cash Paymaster Services (“CPS”) was constitutionally invalid. However, the Constitutional Court suspended its declaration of invalidity pending determination of
BitPay, a merchant processor for virtual currencies, announced that in November it processed a record 55,288 bitcoin merchant transactions, representing a 165% increase from October. Strong activity from KNC Miner, Gyft, and Amagi Metals led the increase. During the Bitcoin Black Friday event on November 29, BitPay processed 6,296 bitcoin transactions in a single day,
Pay Television company StarTimes Media and Equity Bank have signed a Memorandum of Understanding that will see the Bank’s customers across the country access soft loans that will enable them acquire approved digital television set top boxes from StarTimes and repay through a flexible six month installment plan. Through this partnership, Equity Bank customers will
Towards achieving a more inclusive financial services industry, Guaranty Trust Bank plc has launched its “GTExpress” service; a comprehensive agent banking service that allows customers access financial services at convenient locations. The GTExpress service is banking via agent locations such as Supermarkets, Schools, Cinemas, Markets and Restaurants. It is an initiative to reach out to
Vodacom Tanzania has entered into a partnership with Oilcom in a deal that will see vehicle owners and motorists fuel their vehicles and pay through M-Pesa. This is the first partnership of its kind in the Tanzanian market, and motorists will now make use of the companies’ widespread networks reliably. Speaking during the launch of
MTN Uganda, has partnered with Interswitch Uganda to further increase their ATM Cash out footprint by allowing customers to cash out at all Interswitch’s ATMs across the country. Interswitch Uganda, is one of East Africa’s leading integrated payments companies. MTN Mobile Money customers can now generate a four digit TIN by dialling *165# from their
Kenya’s largest bank in terms of balance sheet, Kenya Commercial Bank, will in mid January distribute over 2.2 million EMV compliant cards to its customers to comply with a March 2014 deadline set by the central bank of Kenya as to when banks are expected to phase off the magnetic strip cards in circulation, a
TawiPay, a startup based in Switzerland, is tackling the excessive fees incurred by migrants sending money overseas. Latest World Bank data show for example that Sub-Saharan African overseas workers pay an average of 12% in fees . A fair transfer fee of 5%, proposed by independent organizations , would result in an additional US $3
The Governor of the Bank of Mauritius, Mr Rundheersing Bheenick, recently gave a statement where he reviewed the year gone by and reflected on the present and future outlook. In his address Bheenick said that Headline inflation came down from 4.9 per cent in July 2012 to 3.6 per cent in June 2013 while year-on-year
