The Kenyan government has put forward a plan to have all public sector payments made through the Postal Corporation of Kenya. This was announced at the launch of Posta Pesa, the corporation’s new Sh84 million e-payment platform. In a bid to keep the postal corporation relevant in an increasingly digital era they are hoping to
Transaction Capital today announced that it has entered into a definitive agreement to sell its wholly-owned subsidiary Paycorp to pan-emerging market private equity firm Actis. Paycorp, owned by Transaction Capital since 2006, is South Africa’s largest independent owner and operator of off-site ATMs and a deployer of Visa-certified pre-paid debit cards. Actis will acquire the
US debit and ATM network PULSE and Paydiant, a provider of a cloud-based mobile wallet and offer redemption platform, are working together to provide an easy-to-use mobile commerce solution for PULSE participants. The Paydiant solution will enable PULSE financial institution and merchant partners to quickly deploy contactless payment and cash access functionality to better serve their
The Western Union Company, a leader in global payment services, and eTranzact International plc, a multi-application and multi-channel electronic payment processing company, announced the launch of a new mobile money transfer service. Consumers in Nigeria who use the eTranzact Mobile Money platform now have the option of receiving a Western Union Money Transfer® transaction on their
MasterCard and United Bank for Africa (UBA) unveiled a personalized debit card in Nigeria, dubbed the UBA “All About U” Card. The unique MasterCard card can be customized with elements such as images, colors and more. The launch of the product in partnership with UBA is in harmony with MasterCard’s vision to advance a cashless
American Express announced new technology capabilities to help make travel easier for today’s well-connected corporate traveler while also encouraging alignment with a company’s strategic travel and expense program. The capabilities announced today include a new platform that leverages social gaming mechanics to reward policy-adherent traveler behaviors; an integration with TripCase; a new capability that updates
Heartland Payment Systems, Inc. one of America’s largest payment processors and leading provider of merchant business solutions, has announced Adjusted Net Income and Adjusted Earnings per Share of $23.1 million and $0.62, respectively, for the quarter ended June 30, 2013, compared to Adjusted Net Income and Adjusted Earnings per Share of $20.5 million and $0.51, respectively,
Emerging Markets Payments (EMP), an electronic payments card processing company in the Middle East and Africa, announced today that it has been appointed to provide electronic payments processing for taxes and customs fees at the Port of Douala in Cameroon. EMP has committed to pilot the service from next month, with the full launch scheduled
The Bank of Namibia has announced that e-BANK Limited was provided authorization under section 11 of the Banking Institutions Act, 1998 (Act No. 2 of 1998 as amended). The provisional license is valid for a period of six months as from 1 August 2013 to allow e-Bank to set up their operations. The public is
Wincor Nixdorf, one of the world’s leading suppliers of IT solutions for banks and retail companies, has expanded its range of robust, compact ATMs in the ProCash family with a new weatherized system. ProCash 285’s simple and intuitive design allows for easy cash withdrawals. The system can also be easily adapted to meet diverse, fast-changing
