Nigeria’s apex bank the Central Bank of Nigeria (CBN) has announced mobile financial transactions in Nigeria had exceeded US$2 billion. This was announced by the bank’s Head of Payment System Policy and Oversight Division of Banking and Payments Department, Musa Itopa-Jimoh. He said a total of 15 million transactions have been made since the inception
Azimo, the online money transfer service, announced that customers can now send money to Lithuania for a flat fee of just £1 for any amount. The new service comes ahead of Lithuania’s scheduled adoption of the Euro on 1 January 2015. Azimo already charges a flat £1 fee to the Eurozone, meaning that the estimated
Tigo announced the first of its regular quarterly payments worth 3bn/- (US $ 1.8 million) to Tigo Pesa users. This payment comes three months after the company paid a staggering profit of TZS 14.25 billion (US $ 8.64 million) accumulated in the Tigo Pesa Trust Account to become the first mobile money service in the
Fiserv, Inc., a leading global provider of financial services technology solutions,announced the appointment of Alison Davis to its Board of Directors. Ms. Davis is a managing partner of Fifth Era, a firm that invests in and incubates early stage technology-enabled companies. Prior to Fifth Era, Ms. Davis was the managing partner of Belvedere Capital Partners,
ACI Worldwide, a leading global provider of electronic payment and banking solutions,announced it has been named among the 100 best performing public companies with revenue less than $1 billion by leading business authority Forbes. ACI is ranked at number 45 on Forbes’ annual list of America’s Best Performing Small Companies, up two spots from last
MasterCard announced that it has appointed Safdar Khan to lead its growing Islamic payments business in Southeast Asia with immediate effect. Mr. Khan, who is currently country manager for Malaysia and Brunei, will also be promoted to the role of group country manager for Indonesia, Malaysia and Brunei. He will continue to be based in
Nigeria’s gift cards retailer SureGifts has announced its customers can now use SimplePay as a method of payment for gift cards purchased on the platform. Both companies said the move would help to further redefine gift giving in Nigeria. In a statement they said the capability is live and available now on Suregifts and users
TSYS announced the results of its 2014 nationwide consumer primary research study. This fourth annual Consumer Payment Choice Study includes the latest data on key consumer payment preferences and new insights on a range of popular industry topics. The results provide insightful information for use in developing and confirming payment strategies and initiatives. “TSYS provides
Crystal Clear Payments, a leader in payment products for community financial institutions nationwide, announced a new strategic alliance with Elan Financial Services, a leader in EFT processing, to provide ATM and card processing for Crystal Clear Payments’ community financial institution customers. Crystal Clear Payments is leveraging Elan’s size and long-standing investment in ATM processing technology,
Equity Bank and American Express have announced the launch of the first American Express Cards in Kenya. Equity Bank now offers Kenyan consumers the Equity Bank American Express Green Card and the Equity Bank American Express Gold – both of which carry rich rewards and benefits. The launch builds upon Equity Bank’s reputation for offering
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