Barclays Africa Group and Frontclear Partner to Develop Africa’s Interbank Markets

Posted on by Staff Writer | 27351 Views | 9 min read

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

UBA Introduces First Mastercard Debit Card in Zambia

Posted on by Staff Writer | 3266 Views | 10 min read

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 Gains Security Certification in 12 Countries Across Africa

Posted on by Staff Writer | 15939 Views | 11 min read

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,

Has Africa Been Left Behind by Formal Financial Services?

Posted on by Staff Writer | 6667 Views | 9 min read

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

Zambia to Host Southern Africa Banking and ICT Summit 2015

Posted on by Staff Writer | 6483 Views | 11 min read

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

StreetCred Secures Exclusive Partnership with Nomanini

Posted on by wademinnie | 14018 Views | 9 min read

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

Afreximbank Plans Mobile Payment Platform for Africa

Posted on by wademinnie | 9042 Views | 13 min read

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 Voted Second Most Trusted Mobile Money Transfer Company

Posted on by wademinnie | 8836 Views | 2 min read

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 installs its 20th ATM for Cavmont Bank

Posted on by wademinnie | 8737 Views | 7 min read

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

MTN and Ecobank Partner to Improve Access to Mobile Financial Services

Posted on by wademinnie | 37846 Views | 8 min read

MTN Mobile Money users, who are also Ecobank customers in 12 African countries, will soon be able to withdraw cash from Ecobank ATMs. They will also be able to transfer money between their Mobile Money and Ecobank accounts. The service was piloted in Ghana last month, and will soon be launched in Benin, Cameroon, Ivory