More than 70% of prepaid electricity users prefer to use their mobile phones to buy electricity tokens than any other outlet, a survey conducted by Kenya Power has revealed. M-Pesa is the most popular facility accounting for 95% of all mobile based prepaid purchases. Kenya Power currently has 340,000 customers on prepaid metering system. The
National Microfinance Bank PLC (NMB) has been named “the Best Bank in Tanzania for 2013” by pre-eminent international finance magazine Euromoney. The awards were presented at the 2013 Euro money Awards for Excellence Dinner in London. In the year 2012, NMB has made notable progress by providing transactional, savings and investment, and lending solutions to
MasterCard announced a key milestone in the evolution of its digital payment service, with 16 of Australia’s leading payment service providers confirming they will introduce MasterPass across their customer base. A huge step in the evolution of digital payments, this roll-out will grant thousands of Australian merchants across different e-commerce categories the option to opt
MasterCard and the South African Social Security Agency (SASSA) announced that there are 10 million active SASSA Debit MasterCard cards in South Africa, following the introduction of the new biometric grant payment disbursement system that commenced in March 2012. This milestone marks the conclusion of the re-registration phase of the project, with social grant beneficiaries
As part of efforts to enhance the delivery of affordable financial services in the country, Access Bank (Ghana) Limited has launched its first ever customer loyalty promotion dubbed “Easy Access Promo”. The promotion, which seeks to reward loyal customers of the Bank, is also aimed at deepening the savings culture in Ghana by empowering individuals
Itron, Inc. announced that it has delivered its smart payment solution for gas to EnviroFuel, a private gas utility, as a part of an initiative to provide alternative energy sources to Waterfall Country Estate, in Johannesburg, South Africa. A partnership between EnviroFuel and Sasol Homegas, the initiative allows residents to be energy efficient and live
SkyVision’s Private Network solution provided a voice and data network to a Côte d’Ivoire microfinance provider. SkyVision Global Networks Ltd., a global provider of IP connectivity over satellite and fiber optic systems, announced that it has successfully completed the installation of a private satellite network solution for UNACOOPEC-CI (National Union of Savings and Credit Cooperatives)
Mahindra Comviva, a provider of mobile financial and VAS solutions, announced its mobiquity® mobile financial services platform has been awarded the best Mobile Banking Technology award by World Finance Technology Awards 2013, declared recently in London. Mahindra Comviva was recognized for its work in delivering relevant technology solutions for accelerating financial services growth in Asia
Nedbank Group and the Bank of China (’BoC’) have entered into a strategic business cooperation agreement to grow business flows between the People’s Republic of China (’China’) and Africa. The alliance will support clients of the BoC as they look to grow and invest in South Africa and the rest of Africa by providing access
Groupon announced the addition of credit card terminals to the company’s existing payments suite for local businesses. With the inclusion of terminals, Groupon extends its popular payments service to the most common way that local businesses accept credit cards and makes an affordable and sophisticated payments solution available to nearly every merchant — regardless of the size of
