Orange and Total have signed a partnership giving Orange customers access to Orange Money services at all TOTAL service stations in African and Middle-Eastern countries where the two groups are present and Orange Money is available, a total of 13 countries to date. Orange Money is Orange’s payment and money transfer service for Africa and the
Global Finance has announced the First Round winners in the “World’s Best Internet Banks” competition in Middle East/Africa. This is the 14th year Global Finance has named the World’s Best Internet Banks. First Round winners include Best Corporate/Institutional Internet Banks and Best Consumer Internet Banks at the country level. Winners were also selected in Asia,
Ecobank Transnational Incorporated , the pan-African banking group announced the opening of its South Sudan banking affiliate. This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development. Ecobank South Sudan has effectively started operations on 10 July
South African banks are now all in full swing with their respective loyalty or rewards programs. In a highly competitive banking environment, where the large South African banks are doing whatever they can to attract customers across all LSM’s, rewards programs can be used to ensure that existing customers are not tempted to switch banks.
Regional banking group, Equity Bank’s reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year. The massive reduction in
MasterCard announced that Alfredo Gangotena will retire as the company’s chief marketing officer, effective September 1. Gangotena, 60, has been with MasterCard for nine years and has held the top marketing role since April 2010. Tim Murphy, MasterCard’s chief product officer, will add oversight of marketing to his current responsibilities on an interim basis as
Leading mobile billing and messaging provider txtNation announces its acquisition of mobile entertainment outfit 24GMedia. 24GMedia, with headquarters in the UK and South Africa, designs, integrates and maintains consumer-focussed mobile payment apps for top-fight brands such as Pizza Hut and leading operators in online gambling. It specialises in solutions for selling digital and physical goods
Visa’s latest Global Travel Intentions Study 2013 shows that four of the top five biggest spenders hail from emerging markets. Saudi Arabia leads the global pool of countries with the highest average spend per trip of US$6 666 while Australian US$4 118 and Chinese travellers US$3 824 were not far behind. Brazil ranked fourth amongst the
Ethiopia has emerged as one of the continent’s most exciting new markets, boasting the fastest growing non-energy-based economy in Africa, growing at an average annual rate of 11 percent GDP in recent years. Global’s optimism is supported by the IMF’s projection of Ethiopia as the 3rd fastest growing economy in from 2011 through 2015, trailing
Access Bank’s merger deal with the defunct Intercontinental Bank has been judged Africa’s top merger and acquisition (M&A) deal by the Banker Magazine. The Banker Magazine, a member of the Financial Times stable of publications, selected the Access Bank and Intercontinental Bank deal as the “2012 Mergers and Acquisitions Deal of the Year” for Africa.
