Ingenico Group supported the roll-out of a secure biometric solution in Zambia in partnership with Paycode. This program allowed the distribution of 22 million dollars subsidies in rural Zambia within 3 months. Since 7 November 2017, the program has allowed registered farmers to access a government-funded program, the FISP subsidy, in which farmers make a
Barclays Africa Group Limited (BAGL) has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility. The contribution reflects the bank’s commitment to building inclusive, stable and liquid interbank market development through providing training, regulatory support and essential market infrastructure. The programme will be rolled-out
United Bank for Africa Zambia (UBA) announced the launch of the first Mastercard debit card in Zambia to financially empower its citizens. Focused on displacing cash, the electronic payment solution will deliver a quick, convenient and secure payment alternative for citizens – instantly. In line with the bank’s strategic vision, UBA is introducing innovative payment
Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 African countries. This comes after the successful completion of comprehensive audits in the Group’s global headquarters and all its other markets which include Kenya, Tanzania,
AFRRI report looks at eight countries from Sub-Saharan Africa, comparing various metrics to determine the maturity of the current financial services in each country, and highlighting areas of opportunity for formal retail banking. Produced by Calleo, a South African based marketing consultancy, in consultation with iVeri Payment Technologies, Africa’s leading payment solution provider, the report
Efforts to curb increased incidences of Cyber crime within Africa’s financial institutions, Government Agencies and private sector have received a boost with the planned Southern Africa Banking and ICT Summit set for April, 30th , 2015 at Intercontinental Hotel Lusaka Zambia. The one-day meeting, organized by Cyber Security Africa and industry stakeholders, is designed to
Zambian airtime distributor StreetCred (Zambia) Ltd. secured an exclusive partnership with Nomanini – a South African-based mobile point of sale service that specialises in facilitating cash transactions in informal markets. Vahid Monadjem, CEO of Nomanini, comments: “We have been working with StreetCred for the past nine months or so, trialing and increasing the number of
The African Export-Import Bank (Afreximbank) is working to introduce a mobile payment platform to support intra-African trade and payments, Jean-Louis Ekra, President of the Bank, announced in Lusaka. In an address at the opening of Afreximbank’s annual Seminar/Workshop on the Fundamentals of Structured Trade Finance, Mr. Ekra said that the successful introduction of the initiative
MTN Zambia was last Friday, 17th October 2014 recognized as Zambia’s Most Trusted Telecommunications Operator and Internet Service Provider in the inaugural Zambia’s Most Trusted Organizations Awards. The company was also voted second most trusted Mobile Money Transfer Company. We wish to thank our customers and the general public for the trust and confidence shown
ATM Solutions Zambia, a subsidiary of Paycorp, has installed its 20 ATM for Zambia’s Cavmont Bank. The installations to date have been located at Cavmont Bank branches across Zambia, with the latest being in the northern province of Mpulungu. ATM Solutions is largely driven by providing financial inclusion to people who otherwise have limited or
