Capitec Bank reported an increase in headline earnings of R271m to R971m, for the six months to end August 2013, up 39% compared to the same period a year ago. Headline earnings per share for the period was up 20% to 844 cents, as growth per share was diluted due to the rights issue in
The global African diaspora currently consists of more than 30 million individuals. The International Fund for Agricultural Development (IFAD) estimates that these migrants jointly contribute about US$40 billion annually in remittances to their families and communities in Africa. With this potential in perspective, Diamond Trust Bank, in association with the Nation Media Group (NMG), has
In line with MasterCard’s recent introduction of Egypt’s Mobile Payment Gateway, National Bank of Egypt (NBE), Fawry and Egyptian Banks Company (EBC) have announced the launch of “Phone Cash”, an innovative new mobile payment solution. The “Phone Cash” mobile payment wallet is available to banked and unbanked customers across Egypt, who can use the service
MasterCard announced the appointment of Aaron Oliver as Head of Emerging Payments for the Middle East and Africa (MEA). Aaron will be responsible for introducing and managing Emerging Payment products to meet the evolving needs of consumers and effectively support MasterCard’s future growth in the region. Aaron joins MasterCard from Visa where he held the
hybris, a SAP company and the world’s fastest-growing commerce platform provider, announced that kalahari.com, South Africa’s largest online retailer, has selected the hybris Commerce Suite to power its retail vision forward, strengthen its position as an innovative market leader, and fast-track market growth selling both digital and physical goods via its online stores and marketplaces. A 2013
South African consumer confidence has improved for the second half of 2013 according to the latest MasterCard Index of Consumer Confidence. With a score of 56.3, the Index currently describes local consumer confidence as ‘neutral-positive’. This is an increase of 8.3 points from the somewhat pessimistic score of 48 recorded six months ago. Now in
Guaranty Trust Bank plc; One of Nigeria’s leading Banks, has once again led the way by winning the ‘2013 Best Banking Group – Nigeria’ in the 2013 Annual World Finance Banking Awards. Outlining the rationale for GTBank winning the ‘2013 Best Banking Group – Nigeria award’, judges commented that the Bank scored high marks in
Mobile Money subscribers on South Africa’s MTN network have reached one million since the service was launched in November last year. Unlike in Kenya, where the concept has grown rapidly, mobile money has been slow to catch on in South Africa, which has a more matured and developed formal banking sector. According to MTN and
FNB, South Africa’s oldest bank and one of the largest financial institutions in the country, is automating and innovating routine banking transactions and improving customer service by installing 1,250 NCR SelfServ™ 4 units. The SelfServ 4 is an ATM-like kiosk that FNB has branded “Slimline ATMs” in their retail sites and remote sites not served
Tanzania’s Bank M has completed cloud migration, seeking to enhance customer experience and security through Google Apps, BlackBerry and Outlook interoperability. Jacqueline Woiso, deputy chief executive officer (CEO) at Bank M, said: “Since the bank’s inception, we have always believed in investing in the best and the latest in technology. “This has been our firm
