CashU, a payment service provider focussing on internet payments in Middle East and North Africa urges its customers to be aware of a virus that is distributed by the Urausy Trojan. CashU released a warning to its customers on Facebook stating that the virus targets users who speak Arabic languages, especially as the infection makes
Western Union, a leader in money transfer and global payment services today announced that it has signed an agreement with AlexBank, the Egyptian subsidiary of the Intesa Sanpaolo Group, to offer Western Union® money transfer services in Egypt. Egypt accounts for over 40 percent of total remittance inflows to the MENA region and the country
Visa Inc. announced that it has signed agreements with three leading mobile point-of-sale (mPOS) providers to enable merchants of all sizes to accept Visa payments using mobile technology. iZettle, SumUp and SCCP Group’s Swiff, will participate in the Visa Ready Program to have their mobile acceptance hardware and software tested and approved for use with
Equity Bank has notified the NSE, Capital Markets Authority and CBK of its decision to reorganize its finance function both at the Group level as well as the Kenyan subsidiary. The Board reached this decision following transitions that have taken place at the top level management of this function within the Group. Releasing the new
The Chartered Institute of Bankers of Nigeria has restated its commitment to the development of manpower for the banking and finance industry with a view to ensuring a virile industry and economy. President/Chairman of Council of the Institute, Mr. Segun Aina, said at a press conference held at the Bankers House to commence the activities
Visa in South Africa launched the first Visa Africa Integration Index that measures the degree of economic integration within key trade corridors of sub-Saharan Africa, namely West Africa, East Africa and Southern Africa. Together with its partners, global payments company Visa touches 500 million people in these key African markets. Rationale Mandy Lamb, Acting General Manager for
SIM Swap Fraud is a term that has been doing the rounds in the South African media lately. It is a new style of cell phone banking fraud which uses a combination of your bank details and phone number to withdraw money from your bank account without your permission or knowledge. SIM Swap Fraud generally
Guaranty Trust Bank plc was conferred with the 2013 African Bank of the Year Award by the African Banker Magazine at a well attended ceremony on May 29th, 2013 in Marrakech, Morocco. The African Banker Award recognizes financial institutions across the continent that have emerged as industry leaders and continent trend setters, due to good
Standard Chartered Kenya has announced a pre-tax profit of KShs 2.7 billion for the period ended 31 March 2013. Total income remained flat at KShs 5.4 billion with loans and advances up by 22% to KShs 117.3 billion. Financial Highlights: • Net interest income grew by 2% to KShs 3.7 billion driven by strong growth
The Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, CON, has been conferred with the 2013 Africa “Central Bank Governor of the Year” Award by the renowned IC Publications Group, in collaboration with Business in Africa Events, at Marrakech, Morocco. The Central Bank Governor’s Award, which is the third for Sanusi
