Airtel Networks limited has entered into a partnership with Equity Bank in Kenya and First Bank of Nigeria that will offer comprehensive mobile commerce solutions to their customers in Kenya and Nigeria, through Airtel Money. In Kenya the service, available to all customers with Airtel lines, will enable customers from both Airtel and Equity Bank
MasterCard has signed a deal with regional card processor Paynet Group to partner in a local initiative geared towards encouraging the switch from magnetic strip to EMV cards. Dubbed “The Great Migration to EMV Chip,” the local initiative brings together various stakeholders in Kenya’s banking and payments technology sectors in an effort to hasten the switch
In its bid to ensure safety of customer deposits and security in Internet banking, First Bank of Nigeria Limited has signed a G-secure Authentication Platform agreement with Clydestone Nigeria Limited to drive second level authentication on Card-Not-Present transactions. This initiative is in line with global practices and also compliant with the mandate of the Central
United Bank for Africa (UBA) Plc has taken a major step to secure all electronic banking transactions in the bank and protect its customers against cyber crimes and other forms of e-banking threats. To this end the bank has commissioned a state-of-the-art Security Operations Centre (SOC) & Forensic Lab that provides all round security monitoring
In a bid to strengthen its dominance of international money transfer and give its customers wide range of options, First Bank of Nigeria Limited (FirstBank) has partnered with Trans-Fast Remittance LLC, a global money transfer company and owner of Trans-Fast money transfer brand, to provide money transfer services to families and friends through the over 700 branches of
The 29th meeting of the Committee of Governors of Central Banks of the West Africa Monetary Zone (WAMZ) has taken place in Accra. The meeting provides a regular platform to review developments in the WAMZ and to chart the way forward, Welcoming participants to the meeting in Accra, yesterday, Dr Abwaku Englama, Director-General of the
Access Bank’s merger deal with the defunct Intercontinental Bank has been judged Africa’s top merger and acquisition (M&A) deal by the Banker Magazine. The Banker Magazine, a member of the Financial Times stable of publications, selected the Access Bank and Intercontinental Bank deal as the “2012 Mergers and Acquisitions Deal of the Year” for Africa.
Orange is launching a quick and easy international money transfer service at a competitive price called “Orange Money International Transfer”. The offer is available between Mali, Senegal and Cote d’Ivoire. Every year, 200 million euros are moved between those three countries in the form of money transfers. With the new service, Orange meets the needs
Wincor Nixdorf is opening a new representative office in Lagos, the largest city in the western African country of Nigeria. The company is extending its involvement in Nigeria as part of the expansion of its business in the world’s growth markets. Eckard Heidloff, President and CEO of Wincor Nixdorf AG, explained the company’s future presence
United Bank for Africa (UBA) Plc has introduced a personalised debit card called the UBA “All About U” Card which allows Customers carry around their fond memories while using their Debit Cards. The UBA “All About U” Card is an award winning customized Debit MasterCard which gives customers the opportunity to create a one-of-a-kind card
