Emerging markets research firm, Jana has released an infographic showing insights on the e-commerce preferences of African consumers in Nigeria, Kenya & South Africa. Surveying 600 consumers in each country, the company asked respondents questions ranging from their favourite online store to their favourite payment mechanism. Have a look at their insights below:
Smart Payment Association (SPA) considers that the new Payment Service Directive (PSD 2) draft represents a significant restructuring of financial regulation applicable to retail payments. Its chief goals are to increase competition in the retail payments market, and to give European citizens the confidence of a reinforced legal system that works for, and protects, them. It
The GSMA recently released data showing that there are over 23 million mobile money subscribers in Kenya which is about 74% of the country’s adult population. Mobile money has rapidly grown from a money transfer system to a payment platform supporting many financial products. The launch of M-PESA in 2007 was a critical breakthrough that
Jaiz Bank Plc, the first full-fledged non-interest bank in Nigeria has entered into a partnership with Teasy Mobile Money (a CBN-licensed Mobile Payment Operator) to provide financial services to Nigerians, through Mobile Phone. This is part of their efforts to implement financial services inclusion of the Central Bank of Nigeria (CBN) to everyone in the
Vehicle owners in Tanzania are now set to pay for their car’s road licenses through M-Pesa following a partnership between Vodacom Tanzania and Tanzania Revenue Authority (TRA) to make use of the service. Speaking while launching the partnership in Dar es Salaam today, Vodacom Tanzania Head of Communication and Marketing, Kelvin Twissa, said that this
MasterCard and Blue Label Telecoms Limited (Blue Label) today announced a partnership that will see 22,000 small traders and rural shops in South Africa equipped with Point of Sale (POS) devices, enabling them to accept card payments for the first time. Blue Label currently provides thousands of POS terminals in South Africa, which are used
Arsenal Football Club has announced a partnership with Imperial Bank to issue co-branded debit cards throughout Kenya and Uganda. The three year partnership is the first major international financial agreement of its kind for Arsenal, and continues to build on the strong support for the Club in Africa. The card will offer a range of Club-related
There has been some talk in the merchant community around the Payment Association of South Africa (PASA) mandating 3D Secure for all ecommerce merchants. PASA had sent a letter to acquirers on the 26th March 2013 requesting an implementation date of 02 April 2013 for acquirers to ensure all merchants are aware of this mandate
Mobile payments app SnapScan was voted ‘App of the Year’ at the annual MTN Business App of the Year Awards in Melrose Arch, Johannesburg. The 8-month old start-up from Stellenbosch managed to beat 253 other entrants, including apps from FNB, DStv, and Discovery, to take the top prize. In addition to being named app of the year,
The volume of remittances coming into Zimbabwe could easily be trebled if the process of sending money is put on Econet Wireless’ EcoCash platform. After nearly nine months of development, Econet says it is now putting the final touches to a platform that will allow remittances to be made between South Africa and Zimbabwe. Zimbabweans
