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
The Bank of Ghana has approved the acquisition of ProCredit Ghana by Fidelity Bank. This follows Fidelity Bank’s shareholders’ approval at its extraordinary General Meeting on 23rd September, 2014. Following these approvals, Fidelity Bank has acquired 100% ownership of ProCredit Savings and Loans Company Ltd. (“ProCredit Ghana”) from its current two shareholders ProCredit Holdings and
Cuscal Limited, one of Australia’s leading providers of end-to-end payments, has announced plans to acquire Strategic Payments Services Pty Ltd, subject to shareholder approval. If the transaction is approved it will cement Cuscal’s unique market position as the only independent ADI licensed wholesale payments company to deliver banking capabilities and payments solutions across the entire
The Bitcoin Foundation’s Financial Standards Working Group is underway with chairperson Beth Moses, an aerospace engineer, formerly with NASA and now with Virgin Galactic, at the helm. The group’s priorities for 2014 Q4 and 2015 Q1 will focus on applying for ISO 4217 approval for a Bitcoin currency code as well as drawing up recommendations
FIS, the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions, announced it has been selected as the strategic technology partner for India’s largest microfinance institution, Bandhan, which is one of only two entities granted “in-principle” approval by India’s banking regulator to set up a universal
eTranzact International Plc, the leading mobile and switching company has been awarded the final approval to commercially launch the Mobile Money operation by the Central Bank of Nigeria. The approval to commence Mobile Money in Nigeria essentially marks the beginning of mobile payment revolution in the country. The eTranzact Mobile Money is designed to allow
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