Ecobank Transnational Incorporated , the pan-African banking group announced the opening of its South Sudan banking affiliate. This new banking affiliate, the 34th on the African continent, offers the opportunity to support the youngest African state in addressing the challenges in regards to its development. Ecobank South Sudan has effectively started operations on 10 July
South African banks are now all in full swing with their respective loyalty or rewards programs. In a highly competitive banking environment, where the large South African banks are doing whatever they can to attract customers across all LSM’s, rewards programs can be used to ensure that existing customers are not tempted to switch banks.
Regional banking group, Equity Bank’s reduction of interest rates by 700 bps from 25% to 18% has paid off by growing its loan book by Kshs 11 billion to Kshs 150 billion from Kshs 139 billion in the first quarter 2013 resulting in a growth of 21% in Year on Year. The massive reduction in
Mobile payments provider Fortumo has announced direct carrier billing agreements with China Unicom and China Telecom. Together with an earlier partnership with China Mobile, Fortumo is now the first and only mobile payments provider who can provide mobile operator billing for in-app purchases to all 1.15 billion mobile phone subscribers in China. “China is already the largest
Wincor Nixdorf AG recorded growth of 8% in net sales and of 33% in operating profit (EBITA) during the first nine months of the current fiscal year 2012/2013. The provider of hard- and software for retail banks and retailers saw net sales for the Group rise to €1,841 million in the reporting period (previous year:
MasterCard announced that Alfredo Gangotena will retire as the company’s chief marketing officer, effective September 1. Gangotena, 60, has been with MasterCard for nine years and has held the top marketing role since April 2010. Tim Murphy, MasterCard’s chief product officer, will add oversight of marketing to his current responsibilities on an interim basis as
Identive Group, Inc. a provider of products, services and solutions for the identification, security and RFID industries, announced preliminary results of its second quarter (Q2) ended June 30, 2013. These results are subject to further review and completion by the Company and its auditors. Identive intends to hold a conference call and webcast to discuss
Leading mobile billing and messaging provider txtNation announces its acquisition of mobile entertainment outfit 24GMedia. 24GMedia, with headquarters in the UK and South Africa, designs, integrates and maintains consumer-focussed mobile payment apps for top-fight brands such as Pizza Hut and leading operators in online gambling. It specialises in solutions for selling digital and physical goods
Earthport, a provider of cross-border payment services, today announced an agreement with hyperWALLET Systems Inc., a provider of global payment solutions, to enhance cross-border payments for corporate customers. Under the new agreement, hyperWALLET will leverage Earthport’s global network to deliver more competitive payments services to a greater number of countries. Adopting Earthport enables hyperWALLET to
Visa’s latest Global Travel Intentions Study 2013 shows that four of the top five biggest spenders hail from emerging markets. Saudi Arabia leads the global pool of countries with the highest average spend per trip of US$6 666 while Australian US$4 118 and Chinese travellers US$3 824 were not far behind. Brazil ranked fourth amongst the
