Multi-country study reveals sophisticated payment needs and behaviors of unbanked consumers in developing economies. Preventing theft, ability to send money quickly drives mobile money adoption. Visa Inc. and Fundamo, the Visa-owned mobile money platform, today announced the results of a study that reveals consumers in six developing countries are already highly aware of mobile money
One of the foremost Nigerian financial institutions, Guaranty Trust Bank plc has once again raised the service bar in Nigerian financial institutions with the recent unveiling of its ‘Social Banking’ service on Facebook. The new offering which is the first of its kind by any Nigerian bank allows the public to open GTBank accounts and
The management of UT Bank unveiled its new innovation in Banking dubbed, “UT Bank on Wheels” to its shareholders at the Bank’s 2013 Annual General meeting. The service which will be the first of its kind in the banking industry in Ghana is a mobile branch equipped with communications and technology systems to offer real
The next generation App is the first Banking App in South Africa that allows new and existing customers to open an account in real time, directly from the App. FNB has released a new Banking App customised for tablet devices, complimenting a much larger tablet device strategy for the Bank. From today, the App is available
Financial Services Group Absa Bank has launched its much-anticipated App as part of its strategic digital journey, which forms part of its ambition of becoming the Go-To bank in South Africa. The App builds on a strong foundation of infrastructure developments while leveraging shared global resources to deliver value to customers. The technological capability built
I&M Bank has announced a partnership with MasterCard that will see the introduction of the first ever MasterCard branded multi-currency Prepaid travel cards in Sub-Saharan Africa. The I&M MasterCard multi-currency Prepaid cards will enable cardholders to carry three currencies, namely: U.S. Dollars, Sterling Pounds and Euros on a single card, while at the same time
FNB has launched a service for FNB customers in SA to send money to residents in Zimbabwe using its Cellphone Banking channel. “FNB’s Zimbabwe Money Transfer service is more convenient and economical than anything else offered in the market,” says Yolande van Wyk, Head of Digital and Alternative Banking for FNB Africa. Recently, research data
The Payments Association of South Africa has mandated the implementation and usage of 3D Secure for all merchants that process Card not Present transactions. The first implementation date was the 2nd of April 2013. The need for additional protection against unauthorised use of cards arose due to the significantly increasing fraud in this area. It
Global payments services provider, DataCash – a MasterCard company, announced the launch of GateKeeper:2.0. Aimed at online merchants and acquiring banks from a white label perspective, Gatekeeper:2.0 utilises advanced technologies and innovation to offer superior end-to-end fraud monitoring, detection and prevention. The GateKeeper solution currently screens over 30 million transactions per month, from 30,000 merchants
Bank of Kigali Limited, the largest bank in Rwanda has received an e-Payment Gateway from iVeri Payment Technologies, a provider of multi-channel e-payment solutions, making it the first bank in Rwanda to acquire e-Commerce merchant transactions. The iVeri Payment Gateway software will allow merchants in Rwanda to offer e-commerce services through their websites, a service
