ATM Security Takes Centre Stage At Diebold Conference in Kenya

Posted on by wademinnie | 14629 Views | 9 min read

The rising threat of automated teller machine (ATM) fraud, and the innovative technology solutions that financial institutions could adopt to address security challenges, will dominate discussion at tomorrow’s conference in Nairobi. At the event, Diebold, Incorporated and its Kenya distributor, Tracom Services Ltd., will showcase advanced self-service technology and security solutions that boost branch productivity

Launch of SpotCash to Facilitate Money Transfers to M-Pesa

Posted on by wademinnie | 9957 Views | 5 min read

Tangazoletu Limited recently launched one of its products ‘Spot Cash’ at the Hotel Starbucks in Karatina town of Central province, Kenya. Speaking during the event, the company’s Technical Director Chris Gathingu, clearly explained that members of SACCOs (Savings and Credit Cooperatives) and Microfinance institutions will now be able to withdraw and deposit their money from

Kipochi launches first Bitcoin wallet in Africa with M-Pesa integration

Posted on by wademinnie | 9017 Views | 4 min read

Kipochi Ltd has launched a groundbreaking solution that allows people to send/receive BitCoin and convert it to and from an M-Pesa balance. This enables Kenyans to receive money transfers from the diaspora in an easier, faster and cheaper way, compared to using banks and money transferring services such as Western Union and MoneyGram. Kipochi is

StanChart To Launch Islamic Banking In Kenya, Indonesia

Posted on by wademinnie | 13682 Views | 6 min read

Standard Chartered Plc will start offering Islamic banking in Kenya as a springboard into the rest of Africa and it may expand services in Indonesia, its global head of Islamic consumer banking said. Shariah-compliant banking makes up two percent of Kenya’s banking industry, split between two Islamic lenders and conventional banks with Shariah-compliant products, like

MTN Uganda Revises Mobile Money Tariffs Following New Tax on Money Transfer

Posted on by wademinnie | 13839 Views | 7 min read

MTN Uganda announced revised Mobile Money rates effective July 2nd, 2013. Commenting on this increment, the MTN Uganda’s GM Corporate Services, Anthony Katamba said, “According to the new national budget 2013/2014, the 10% levy on Mobile Money is to be applied on transaction fees paid on all money transfer services and as such the fee

TNM and Escom Strike Mobile Payment Deal

Posted on by wademinnie | 18786 Views | 5 min read

TNM has sealed a deal with the Electricity Supply Corporation of Malawi (Escom) which will see TNM customers paying their Escom bills or buying electricity units through TNM Mobile Money or mobile payment service also known as ‘Mpamba’. The signing ceremony took place at Protea RyaIls Hotel in Blantyre. Speaking during the ceremony, TNM Chief

Safaricom Introduces Lipa Na M-Pesa Service

Posted on by wademinnie | 11278 Views | 11 min read

M-PESA, the flagship brand of the leading integrated communications service provider Safaricom Limited, has now set its sights on the medium and small entreprises with the launch of Lipa Na M-PESA- a campaign aimed at entrenching the use of its payment services as primary tool of transactions. Lipa na M-PESA is an umbrella service for

TPA Automates Payment System

Posted on by wademinnie | 13806 Views | 6 min read

Tanzania Ports Authority (TPA) has automated its billing and payment system, a move that seeks to improve revenue collections and transform the authority’s operations to paperless. According to TPA’s Acting Director of Information and Communication Technology, Phares Magesa, the electronic payment system that has started with CRDB bank, will in the next two weeks, be

FNB Zambia to open three new branches across Zambia in 2013

Posted on by wademinnie | 10804 Views | 13 min read

First National Bank will open five new branches this year including in Chipata, Solwezi and Chingola as it continues to extend its services in to the unbanked population. And FNB Zambia chief executive officer Sarel van Zyl has noted that the bank has achieved significant growth during its four years of business in Zambia. Speaking

MasterCard Launches Training Centre To Enhance Payments Industry Skills Development in Kenya

Posted on by wademinnie | 8958 Views | 11 min read

MasterCard announced the launch of a brand new training facility in Kenya to empower the financial services ecosystem with knowledge on various aspects of cashless payments in order to boost acceptance readiness in the region. The training centre, located at MasterCard’s East Africa offices in Eldama Park, off Peponi Road, will be used for training