Ghana Interbank Payment and Settlement Systems (GhIPSS) has urged banks to issue more proprietary ‘local’ ATM cards to their customers. Historically most banks in Ghana would issue international cards, which had wider footprints than local options, but the introduction of the new national switch, gh-link, is set to change that. Gh-link is a new service
The African Guarantee Fund (AGF) has entered into an agreement with Diamond Bank to support the bank’s lending to small businesses in West Africa to the tune of USD 25 Million. Speaking at a press conference held after the partnership agreement signing ceremony, Executive Director – Retail Banking, Diamond Bank PLC, Mr. Uzoma Dozie, said
Computer Warehouse Group (CWG) understands the need to have a robust platform that will support the Mobile financial services initiative and is proud to present their M- Commerce platform in conjunction with MTN Nigeria called MTN XaaS platform. In a bid to make financial services accessible to all Nigerians in a cost effective manner and
Kenya, South Africa and Nigeria, and the African continent as a whole, lead the world in the uptake of mobile banking, according to a new report by mobile trade association MEF. The first report in MEF’s Global Consumer Insights Series on Mobile Money said 82 per cent of consumers in Africa engaged in mobile banking,
Latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed an increase in ATM withdrawal levels for December 2013. The SCI revealed a month-on-month increase of 2.97% in average cash withdrawal figures for December
The state of Akwa Ibom in southern Nigeria has introduced online payment for all legal fees, becoming the first Nigerian state to introduce e-payments in its judiciary arm. The state has also acquired an e-Judiciary enterprise resources planner (ERP), an electronic application that handles court processes. According to the chief judge of the state Justice
Verve International, Africa’s leading indigenous payment card brand, has announced a competition in partnership with Nokia and Microsoft aimed at supporting Nigeria’s indigenous application development community by providing payments in mobile apps. The theme of the competition is “Build with Verve: Lumia Edition”, with Verve saying the partnership is aligned with its drive towards effective
According to a report in the Nigerian Tribune The Central Bank of Nigeria has improved the Nigerian payment system with the introduction of a new Real time Gross Settlement System (RTGS) and integrated with a Scripless Securities Settlement System ( SSSS). The new systems were produced by CMA, a Swedish company which has implemented similar
Qash Services, a non-bank, non-GSM operator, has announced the launch of its mobile phone-based financial services in Cote d’Ivoire, under the name Qash Mobile Banking. Qash Services is one of four independent companies with a mobile money agreement from the Central Bank of the West Africa Monetary Union (BCEAO). According to Francis Zago, CEO of
The Managing Director/CEO of Guaranty Trust Bank plc, Segun Agbaje has been announced as the 2013 Pan Africa- CEO of the Year award winner by EMEA Finance, United Kingdom. Hosted by EMEA Finance; the leading bimonthly global industry publication that reports on major financial events influenced by the international financial industry active in Europe, Middle
