MasterCard, National Bank of Egypt (NBE) and Etisalat announced the launch of the mobile payment wallet in Egypt, which will bring Etisalat Egypt’s subscriber base safe and convenient payment services through the power of their mobile phones. The newly introduced program is an early implementation of the Mobile Payment Solution that MasterCard and Egyptian Banks
Cross-border cheques and bank drafts within the Common Monetary Area (CMA) are being phased out with effect from 22 July 2013 and will no longer be accepted by any banking institution within the CMA. The CMA includes Namibia, South Africa, Lesotho and Swaziland. For Namibian clients it means that, as from the 22nd of July
eCentric Switch, a leading South African Payment Service Provider announced that it has joined the PCI Security Standards Council as a new Participating Organization. eCentric Switch will work with the Council to achieve and improve payment data security worldwide through the on-going development of the PCI Security Standards, including the Payment Card Industry Data Security
Aftab Currency Exchange, a remittance and foreign exchange brand with a presence in three continents, has strengthened its bonds with Airtel Communications, a leader in global payments services to extend joint operations in Kenya and Nigeria. Aftab Currency has taken another initiative with Fidelity Bank with an active network of 173 branches across Nigeria to
Professor Dan Horne, Chief Knowledge Officer at Gx, in conjunction with Dionne Nickerson of Providence College, has recently published a white paper called ‘Understanding the Drivers of Mobile Payment Adoption: Comparing Kenya and Tanzania’. The study looks at the perceived impact on business development and wealth creation that pervasive mobile payments usage generates and compares
Satellites are making it possible to transfer money between remote locations in sub-Saharan African countries that are otherwise unconnected to the outside world. An ESA (European Space Agency) project looking at ways to use satellites for services in developing nations where land networks are simply impossible or non-existent gave rise to the Agency’s SatFinAfrica pilot
Opera Commerce, a fully-owned subsidiary of Opera Software, and Nazara Technologies, a leading mobile games developer and publisher, have come together to provide a secure and easy mobile payment solution for Opera Mini users. As a result of this partnership, Nazara will deploy the Opera Payment Exchange (OPX) to enable Opera Mini users in India,
Tanzania Ports Authority (TPA) has automated its billing and payment system, a move that seeks to improve revenue collections and transform the authority’s operations to paperless. According to TPA’s Acting Director of Information and Communication Technology, Phares Magesa, the electronic payment system that has started with CRDB bank, will in the next two weeks, be
The government through the Kenya ICT board, Communications Commission of Kenya (CCK) and Directorate of E-government, held a forum with stakeholders to sensitise them on what it will take to secure online transactions. Public Key Infrastructure (PKI), is the national system that the government is implementing to provide digital certification services. Through the Public Key
Mr Seth Terkper, Minister for Finance and Economic Planning in Ghana, has stressed the need to improve confidence in electronic payments systems and infrastructure and to encourage the patronage of alternative payments systems. Mr Terkper said effective payments systems were necessary for the effective implementation of monetary and fiscal policies as well as for financial
