UnionPay International (UPI) and Post Bank Uganda (PBU) have entered into a cooperation agreement. As a result of the partnership, EMV-compliant UnionPay debit cards will be issued in the Uganda market for the first time. Post Bank Uganda is one of the largest and leading Commercial Banks in Uganda and it owned by the government
The use of mobile money has witnessed exponential growth over the past 9 years; with a year on year increase in the number of mobile money accounts as well as the volumes and value of mobile money transactions. According to statistics from the Bank of Ghana, the total number of active mobile money accounts increased
Airtel and Comviva have emerged as the joint winners at The RemTECH Awards 2018 in the “Remittance Synergies” category for Airtel Money Domestic Mobile Money Interoperability service. The award was presented on the 8th of May during the Global Forum on Remittances, Investment and Development (GFRID) event in Kuala Lumpur, Malaysia. Airtel partnered with Tigo
Mastercard and Unilever have announced that they will expand their strategic partnership to help micro entrepreneurs in Africa and other regions overcome the cash constraints that limit their ability to buy and sell more products and ultimately grow their businesses. In Kenya, the two companies have launched Jaza Duka (“fill up your store”). The initiative
The Kenya Bankers Association (KBA) has partnered with financial service providers to create awareness on safety measures in conducting transactions while using ATM cards, mobile phones, and online platforms. The month-long initiative, dubbed “Kaa Chonjo!”, will be carried out with support from, including Visa, Safaricom, PesaLink, and the Retail Trade Association of Kenya (Retrak). Themed
FNB has become the first bank in South Africa to introduce a mini-ATM that uses biometrics as a means of validation for consumers. Known as TouchPoint, the device functions as a self-service kiosk from which customers can conduct transactional banking such as withdrawals, transfers and payments, view statements, purchase airtime and electricity and perform card
Adyen, the payments platform of choice for the world’s leading companies, has partnered with Retail Pro International to help retailers provide the ultimate in-store experience for customers. The partnership will be rolled out across markets in Europe, Singapore and Australia, to deliver a unified retail experience for customers across all channels. Retail Pro software is
Mastercard, Pick n Pay and FoodForward SA have announced a close working collaboration that is committed to donating 1.2 million meals to South Africans in need through an initiative called Tap to Feed. Between 07 May and 20 July 2018, every time a consumer makes a purchase at Pick n Pay with the ‘Tap &
Ingenico Group, the global leader in seamless payment, has announced the launch of a new retail PIN pad in its Telium TETRA range: the Lane/3000, designed to speed up the checkout process in multilane environments. Taking over from the former-generation iPP300 series, the Lane/3000 offers increased security and enhances consumer experience. As all Telium TETRA
Alipay, the world’s largest online, mobile payment and lifestyle platform, operated by Ant Financial Services Group, has announced the addition of two new money market funds to Yu’e Bao, the spare cash management platform within the Alipay app. The new funds, managed by Bosera Asset Management Co., Ltd and Zhong Ou Asset Management Co., Ltd, respectively, will
