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
Computer Warehouse Group Plc (CWG), the leading Pan-African ICT Company has been issued the license to perform the activities of Payment Terminal Service Provider (PTSP) to Point-of-Sale terminals (PoS) in Nigeria by the Central Bank of Nigeria (CBN). This followed a visit by a delegation of the Apex bank to CWG late last year to
Orange and pan-African banking group Ecobank have rolled out a service that will enable Orange Money subscribers who also have bank accounts with Ecobank to transfer money between their respective accounts. The service has already been launched in Mali and will be rolled-out in several other African countries, including Cameroon, Côte d’Ivoire, Guinea Conakry, Niger,
The Central Bank of Nigeria (CBN) has ramped up its anti-electronic-fraud campaign with the implementation of a two-factor authentication requirement for deposit money banks. The initiative has been implemented in an effort to reduce the level of electronic fraud, a major component of which has been traced to increased insider abuse. The apex bank, in
SecureID Limited, an industry leader in smart card supply and personalization business, announces the launch of its new and first polycarbonate plant in Africa called SecureCard Manufacturing. This ultra modern plant focuses on the polycarbonate card body production and high security designs which confirms a successful fulfillment of another milestone in the backward integration of
Access Bank Plc has secured approval of the Securities and Exchange Commission (SEC) to proceed with plans to raise N52.6 billion in a share sale as it pursues expansion and a stronger cash reserve. Access Bank Plc, with operations in eight other countries, will be selling shares to existing shareholders by way of Rights Issue
United Bank for Africa (UBA) Plc has again proven its leadership position in e-Banking with the introduction of mobile Point of Sale (mPOS) terminals. UBA has gone live with this initiative in partnership mPOS partners across Africa. A mobile POS terminal is about the size of Blackberry Curve phone, but works just like the traditional
The Commercial Court of Abidjan ruled that Dr Daniel Matjila a director of Ecobank Transnational Corporation (ETI) and Chief Executive Officer of Public Investment Corporation of South Africa (PIC)), along with PIC and ETI are jointly liable for defamation against Mr Thierry Tanoh, a former Group CEO of ETI. The court ordered that the three
