The mobile payments company Fortumo is launching hybrid subscriptions using carrier billing. Hybrid subscriptions enable merchants to provide access to content on a limited time basis in low-income markets. Fortumo’s new product is intended to complement its subscription payments solution (available in more than 20 countries globally) in regions where recurring billing has proven to
United Bank for Africa (UBA) Plc has released 2014 full year audited results showing that consolidation of its African operations and enhanced productivity across the group are sustaining the Bank’s growth momentum. The results of the Pan-African Bank, released on Wednesday at the Nigerian Stock Exchange (NSE), show a 10% growth in gross earnings to
MasterCard launched Nigeria’s first Micro, Small and Medium Enterprise (MSME) focused Acceptance Development Program that will extend the security and convenience of electronic payments to merchants and their customers who previously depended on cash to transact. To kick off the program, MasterCard is partnering with First Bank of Nigeria and Guaranty Trust Bank Plc (GTBank)
FBN Holdings Plc has announced the appointment of Mr. Omatseyin Akene Ayida and Mrs. Bosede Adebola Osibogun as Non-Executive Directors on its board. The directors bring to bear several years of experience spanning the banking and financial services industry and their appointments are in tandem with FBNHoldings’ strategic focus to become the foremost financial services
MasterCard announced an agreement with eTranzact International plc, a leading pan-African mobile banking and payment services company, to make international remittance services available to millions of consumers in Nigeria. Under the agreement, citizens will be able to securely receive international remittances into their eTranzact mobile money wallets or select bank accounts through the international transfer
United Bank for Africa (UBA) Plc has introduced an innovative online banking solution called U-Social, which offers flexibility and convenience to customers who desire to do banking transactions on social media using their Facebook account. U-Social is designed to promote financial inclusion and to make the bank’s services available to customers regardless of the time
MasterCard Worldwide announced that it will work with customer financial institutions and the government to bring more innovation to commercial transactions and payment solutions to Nigerian consumers. Vicky Bindra, president, Asia/Pacific, Middle East & Africa, MasterCard Worldwide, who was recently in Nigeria on a two day visit, shared this at a dinner in Lagos. At
Diamond Bank Plc, has announced the launch of a fingerprint recognition feature on its Diamond Mobile App. The service, an iOS Touch ID, is a fingerprint reader that allows users of the Mobile App an easy and seamless login to their accounts by simply recognizing and identifying their individual fingerprints. Speaking on the new feature,
United Bank for Africa (UBA) Plc has emerged winner in three categories of the maiden edition of the MasterCard Cashless Champion Awards. The initiative was launched in October 2014 by global payments technology company, MasterCard, and is aimed at encouraging the adoption of cashless, hassle-free way of life. UBA won in three out of six
Interswitch, a leading Pan-African integrated payment provider has launched a new USD 10 million ePayment Growth Fund. The fund is intended to serve as a catalyst for funding innovation and disruptive business concepts within the payment industry across Africa. Interswitch is seeking to collaborate with African entrepreneurs and start-up businesses developing innovative products and services
