Barclays subsidiary, Absa has announced that its Payment Pebble, a mobile point-of-sale (MPOS) innovation, which aims to fundamentally transform the payment acceptance industry, is gearing up to enter its pilot phase. The Payment Pebble is a small portable device which plugs into smartphones or tablets and enables small and medium scale enterprises to accept payments
According to a new research report from Berg Insight, in-store mobile wallet payments in the EU is forecasted to grow from less than € 0.1 billion in 2012 at a compound annual growth rate of 275 percent to reach € 45 billion in 2017. This will correspond to 1.6 percent of the credit card and
Online and mobile payments are increasing globally, with new channels emerging. The recent “Global Online Payment Methods 2013 – First Half 2013” report by Hamburg-based secondary market research company yStats.com provides information about the worldwide movement toward online and mobile purchase transactions. The report is based on recently published information from a variety of sources and
Financial services Group Absa announced that South Africans on its Rewards programme can now instantly redeem their cash rewards on the mobile banking platform, Absa.mobi. Through the Absa.mobi site, Absa Rewards members will not only be the first in South Africa to instantly redeem their cash rewards on cellphone banking, they can also view their
CashU, a payment service provider focussing on internet payments in Middle East and North Africa urges its customers to be aware of a virus that is distributed by the Urausy Trojan. CashU released a warning to its customers on Facebook stating that the virus targets users who speak Arabic languages, especially as the infection makes
Western Union, a leader in money transfer and global payment services today announced that it has signed an agreement with AlexBank, the Egyptian subsidiary of the Intesa Sanpaolo Group, to offer Western Union® money transfer services in Egypt. Egypt accounts for over 40 percent of total remittance inflows to the MENA region and the country
Visa Inc. announced that it has signed agreements with three leading mobile point-of-sale (mPOS) providers to enable merchants of all sizes to accept Visa payments using mobile technology. iZettle, SumUp and SCCP Group’s Swiff, will participate in the Visa Ready Program to have their mobile acceptance hardware and software tested and approved for use with
Equity Bank has notified the NSE, Capital Markets Authority and CBK of its decision to reorganize its finance function both at the Group level as well as the Kenyan subsidiary. The Board reached this decision following transitions that have taken place at the top level management of this function within the Group. Releasing the new
MasterCard announced recently that it will deploy a target of 410,000 MasterCard® PayPassTM-enabled point of sale (POS) terminals throughout Japan over the next three years, enabling travellers visiting the country to enjoy the speed and convenience of making contactless transactions. PayPass, which is presently accepted at approximately 866,000 merchant locations in 51 countries, is offered
The Chartered Institute of Bankers of Nigeria has restated its commitment to the development of manpower for the banking and finance industry with a view to ensuring a virile industry and economy. President/Chairman of Council of the Institute, Mr. Segun Aina, said at a press conference held at the Bankers House to commence the activities
