MasterCard and United Bank for Africa (UBA) unveiled a personalized debit card in Nigeria, dubbed the UBA “All About U” Card. The unique MasterCard card can be customized with elements such as images, colors and more. The launch of the product in partnership with UBA is in harmony with MasterCard’s vision to advance a cashless
Emerging Markets Payments (EMP), an electronic payments card processing company in the Middle East and Africa, announced today that it has been appointed to provide electronic payments processing for taxes and customs fees at the Port of Douala in Cameroon. EMP has committed to pilot the service from next month, with the full launch scheduled
The Bank of Namibia has announced that e-BANK Limited was provided authorization under section 11 of the Banking Institutions Act, 1998 (Act No. 2 of 1998 as amended). The provisional license is valid for a period of six months as from 1 August 2013 to allow e-Bank to set up their operations. The public is
ElectraCard Services (ECS), a provider of software and processing solutions for electronic payment systems, powers e-Revenue Gateway (e-RG), a payment processing and electronic transaction switching company, to launch contactless electronic payments in Nigeria. ECS’ PA-DSS compliant platform will help e-RG to launch programs with multiple financial institutions and channels like ATM/ POS/ Internet/ Mobile on
A major storm looks set to rock the South African online scene as some of the country’s largest e-commerce players square up against its biggest banking powers over online fraud detection. The heads of companies including Groupon South Africa, Takealot and uAfrica have formed an alliance expressing opposition to a new regulation which forces them
On Sunday 21 July, the SADC (South African Development Community) Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for the four countries of the Common Monetary Area: South Africa, Namibia, Lesotho and Swaziland. All participants in Lesotho, Namibia and South Africa successfully participated in the implementation activities on Sunday 21 July
Airtel Networks limited has entered into a partnership with Equity Bank in Kenya and First Bank of Nigeria that will offer comprehensive mobile commerce solutions to their customers in Kenya and Nigeria, through Airtel Money. In Kenya the service, available to all customers with Airtel lines, will enable customers from both Airtel and Equity Bank
In recent ThinkMoney research, Capitec, FNB and Nedbank were revealed as the leading consumer bank accounts in South Africa. This was according to nearly 7 000 bank account reviews written by ThinkMoney users, who voted Capitec, FNB and Nedbank accounts as the most popular, both in terms of the number of reviews and a high
MasterCard has signed a deal with regional card processor Paynet Group to partner in a local initiative geared towards encouraging the switch from magnetic strip to EMV cards. Dubbed “The Great Migration to EMV Chip,” the local initiative brings together various stakeholders in Kenya’s banking and payments technology sectors in an effort to hasten the switch
The 29th meeting of the Committee of Governors of Central Banks of the West Africa Monetary Zone (WAMZ) has taken place in Accra. The meeting provides a regular platform to review developments in the WAMZ and to chart the way forward, Welcoming participants to the meeting in Accra, yesterday, Dr Abwaku Englama, Director-General of the
