Standard Bank Group has expanded its Africa footprint with the opening of a representative office in the Ivory Coast (Côte d’Ivoire). This means that Standard Bank, which is the largest African banking group by assets and earnings, now has operations in 19 African countries. The representative office, which is based in Abidjan, officially opens for
The Board of Ecobank Transnational Incorporated (ETI) announced the decision of Kolapo Lawson to stand aside as its Chairman. He will retire from the Board on 31 December 2013 and hands over to André Siaka as interim Chairman with immediate effect. Commenting on his decision, Mr. Lawson said: “The last few months have seen huge
Access Bank has introduced Nigeria’s first Corporate Internet Banking Solution with a variety of features optimised to address the traditional payment and cash management requirements of large corporate and other categories of businesses. Unveiled in Lagos, Primus by Access Bank is developed to address the complexity of daily business operations through effective management of payments,
In its bid to continually improve banking services and ease customers’ experience, FirstBank is set to change the way consumers and merchants facilitate payment for goods and services using social and digital media. FirstBank in conjunction with 3AL limited has built a portal to provide various services which include retail, insurance products and e-ticketing solutions.
Bango and MMIT have released M-Iflọ, a payment solution that enables online transactions for digital content. M-Iflọ navigates the mobile payment environment in Sub-Saharan Africa and is tailored to the needs of the industry leaders in mobile content. Africa’s growing population of smartphone users are young, tech savvy and early adopters by instinct. But when
United Bank for Africa (UBA), a Nigerian commercial bank, has launched an e-commerce platform aimed at supporting the growth of small and medium sized enterprises (SMEs) in the West African country. U-Mall is a partnership with Netplus Advisory Limited, which UBA said will allow SMEs to set up online stores and extend their reach. U-Mall
Ghana Interbank Payment and Settlement Systems (GhIPSS) plans to introduce four new products on the gh-link platform next year, officials have said. The products are intended to maximise the payment platform and provide better and convenient banking to customers. The proposed products are Instant Bank Transfer, Instant Bill Payment, Multiple Account Enquiry and Identity and
Cross River state, Halogen Security Limited, Federal Inland Revenue Service (FIRS) and Igabi Local Government Area in Kaduna state have emerged winners at the maiden edition of the International Conference on Payment Systems. In a statement, Interswitch said the recipients bagged the awards for their adoption of e-payment. “All four have been recognized by the
MasterCard has announced the launch of the Priceless Africa campaign in Nigeria, a part of the global Priceless Cities campaign; that aims to reward consumers in Nigeria for their loyalty and to enhance their journey towards embracing cashless transactions. Nigeria will be joining the current 26 MasterCard Priceless destinations across the globe, as consumers get
The challenges faced by owners of electronic businesses in Nigeria will be discussed by stakeholders from various industries and sectors at the e-Business Fair organised by Connect Nigeria, an information search portal. Emeka Okafor, chief executive officer (CEO) of Connect Nigeria, said the goal of the fair is to raise public awareness on e-business and
