The banking sector growth has brought fresh small and huge claims among stakeholders since its liberalisation some two decades ago in the country. Over the years, these complaints were either left to be dealt with the main stream courts or with the banks via internal mechanisms – whatever the case, customers, majority of them, seemed
CRDB Bank has reported impressive financial results after posting 13.4 per cent net profit growth that reached 95.64bn/- for the quarter ended December 31, 2014, up from 84.37bn/- for the similar period a year earlier. The period under review, according to the audited financial statements published on Tuesday, saw other key bank’s variables like assets,
MasterCard Reveals strong growth of contactless payments in Europe driven by convenience, mass transit and mobile payments. Whether at major retailers, grocery stores or parking , using vending machines or taking mass transit and taxis, Europeans love tapping to pay for their everyday purchase. In the last quarter of 2014, tap transactions in Europe grew
Online shopping hit the mainstream in South Africa during 2014, says e-commerce payment services provider PayGate and the growth is set to continue during 2015. “The number of merchants we serve doubled this year, and the vast majority of those are new entrants to the market,” says PayGate CEO Peter Harvey. “We’ve also seen significant
“Mobile money, while undoubtedly achieving impressive growth across Africa, is really still in its infancy,” says Vahid Monadjem, co-founder and CEO of cash-based POS platform provider Nomanini. “Unfortunately, many of the statistics surrounding the number of mobile money transactions taking place in countries like Kenya are misleading. We need to continue to build on the
Capitec Bank posted headline earnings growth for the six month period to end August 2014 of 21%. Headline earnings per share was also up 21% to 1018 cents. An interim dividend per share of 246 cents was declared, up from 203 cents a year ago. The bank reported that income was driven by client growth,
GCB Bank Limited has recorded a phenomenal growth in its unsecured personal loan sales of more than GH¢700 million within three years. Besides, the Bank had registered over 1.5 million transactions per month from less than 100,000 transactions in four years. The Managing Director of the Bank, Mr Simon Dornoo, who disclosed this at the
Headline earnings from continuing operations increased 12% to R9 338m. However, headline earnings which were negatively affected by the performance of discontinued operations, increased by 2% to R8 306m. Headline earnings per share were up 1% while the group’s return on equity showed a decrease to 12.7% from 13.8%. As communicated to shareholders in June
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