UBA Group has unveiled chat banking in Kenya that enables customers to sign up for accounts, request for a mini statement, fund transfers and check user balance through the Facebook chat app. The service dubbed ‘LEO’ rides on Facebook Messenger, also allows customers to top up airtime, check user balance and live chat the customer
PayU has announced the acquisition of leading payments technology platform ZOOZ. The deal supports PayU’s ongoing expansion into high growth markets and targets the $994 billion opportunity in cross border payments. The ZOOZ acquisition is for an undisclosed amount but brings PayU’s total sum of investments and acquisitions in global fintech to more than $350
We’ve partnered with Paystack to allow more merchants across Africa to accept payments online in a frictionless and secure manner by leveraging Truecaller’s mobile identity product, Truecaller SDK. Paystack is one of Nigeria’s largest payments startups, processing nearly 20% of all online transactions in Africa’s largest economy. The company aims to allow merchants in Africa
Nigerian telco, 9mobile has launched a new payment service, 9pay. This is an operator-billed payment platform for Google Play store users, launched in collaboration with Google, and Bango, the leading global mobile payments company. According to its Chief Product & Information Officer, Otuyemi Otule, 9mobile is delighted to expand its mobile payment solutions in Nigeria,
Users of MTN Rwanda will now be able to send money to Tanzania via Mobile Money as the telco has opened the mobile-to-mobile remittance service between Rwanda and Tanzania. MTN Mobile Money users in Rwanda are now able to send money to Airtel Tanzania subscribers seamlessly and affordably through the MFS Africa Hub. The Hub
Diebold Nixdorf has announced a partnership with Mastercard to deliver an industry-defining, managed solution for the banking and retail sectors. The solution combines Diebold Nixdorf’s expertise in omni-channel innovation and consumer transactions on the front-end, with Mastercard’s state-of-the-art processing services and extensive global network capability on the back-end. The holistic, single-window solution, leveraging Diebold Nixdorf
Retail Cash Automation 2018, a brand new study by strategic research and consulting firm RBR, reveals that retailers consider security of both cash and staff to be the strongest drivers for investing in new cash technology. Most retail cash automation devices are designed to handle cash in retailers’ back/front offices, although some are point of
ACI Worldwide and PAX have entered into a non-exclusive global agreement to offer additional payment terminal options for merchants worldwide. In addition, PAX payment terminals will be the first to receive nexo certification with ACI’s UP Merchant Payments solution. nexo certification enables fast, interoperable and borderless payments acceptance by standardizing the exchange of payment acceptance data
Cloud and partnerships key to survival for finservs While financial services institutions have been able to collect huge volumes of data on customers and their behaviours, they need to turn to new technologies and strategic partnerships to improve internal processes and customer experiences, in order to successfully monetise this information, according to Ron Raffensperger, CTO
Automated Teller Machines (ATMs) have changed markedly since they were introduced. The mordenisation of this popular banking device is one of the untold success stories of digital banking evolution and financial inclusion. Lee-Anne van Zyl, CEO of FNB Points of Presence says ATM devices, which are part of FNB’s Self-Service Channel, are no longer just
