South Africans are abandoning cash for card payments, cutting banking costs by reducing the need to transport money, according to First National Bank (FNB). The bank reported in December card payments were ZAR3 billion (US$289 million) higher than cash withdrawals, though this had fallen again by January. “The gap between purchases made with banknotes compared
Holders of UBA payment cards like Visa, MasterCard and Verve are being given an opportunity to get significant discounts on their card payments as UBA enters into a partnership deal with Parolz.com, an online platform which offers exclusive discounts and benefits from top outlets in Nigeria. The offers range from Dinning to Lifestyle,Hospitality, Transportation and
European consumers are concerned that draft EU legislation currently under discussion would make paying with cards more expensive and more complicated. According to a recent poll in 13 European countries, 2 in 3 consumers believe that proposals to cap interchange fees would make it worse for them to use their bank cards and 8 in
TSYS has announced the publication of a white paper titled “Implementing a Successful Commercial Card Program in Turkey — Avoiding Pitfalls: Lessons from the U.S. Experience.” The paper outlines the market opportunity and key drivers for commercial card growth in Turkey, drawing on experiences in the U.S. commercial card market to provide insights on accelerating
X-INFOTECH is pleased to invite you to attend the most attractive event for banking and mobile sectors in East and North Africa! Cards & Mobile Africa 2014 is held on the 25th of March, in the Nairobi Serena Hotel, in Nairobi, Kenya. Nowadays new payment technologies are rapidly developing and actively entering our everyday lifes.
TSYS has announced plans to release TSYS Authorization Controls — a new product that enables credit and debit cardholders to turn their account “on” or “off” from any user interface. This innovative product can be integrated with existing mobile and other online customer service tools, and will help financial institutions empower their consumers to manage
‘Cashless Nigeria’ is a project that was launched by the Central Bank of Nigeria last year in an effort to promote alternative payment methods in Nigeria and reduce the levels of cash being used in the economy. Monica Adoghe of Shared Services, Central Bank of Nigeria, speaking at the Card, ATM and Mobile Expo in
