The agent banking and mobile phone transaction are picking up while pushing up as demonstrated by increase the volume and value of transactions. The agency and mobile money have assisted financial sector penetration in the country to overtake its goal of reaching 50 per cent two years ahead of the deadline in 2016. At the
Leading pan-African banking group Ecobank Transnational Inc. (“Ecobank”) signed a landmark multi-country agreement with global payments technology company MasterCard to bring MasterCard’s payment solutions to more than 32 sub-Saharan African markets. It is a move that is expected to increase the acceptance and adoption of electronic payments in Africa. A culmination of the multi-country licensing
Allied Wallet, a globally leading provider of online credit card processing, multi-currency merchant services, and a PCI Level 1 secured payment gateway, is now a supported online payment provider of Spreedly. Allied Wallet forecasts that this partnership will increase business by 29% in quarter three of 2015. Spreedly’s service allows merchants to accept credit cards
CRDB Bank has managed to mobilise 254.4bn/- deposits through agent banking which was an increase of over 700 per cent in 2014. The bank’s FahariHuduma agent banking scheme was introduced in 2013 and in the first year managed to mobilise 31.7bn/- deposits. The agent banking though in its nascent stage has managed to recruit 1,067
Bank M, the corporate and investment bank, has continued to shine after posting robust first quarter pre-tax profit increase of 48.4 per cent. The Bank M Deputy Chief Executive officer, Ms Jacqueline Woiso, said at the news conference that the bank generated a pretax profit of 6.13bn/- in the 2015 first quarter compared to 4.13bn/-
Global payment gateway BlueSnap released new Coupon and Bank Transfer APIs that will help merchants increase sales and convert shoppers this holiday season. The Coupon API allows merchants to manage their own coupon library while the Bank Transfer API will allow shoppers to pay for online goods by transferring funds directly from their bank accounts.
NCR Corporation, the global leader in consumer transaction technologies, announced that Akbank has selected innovative Predictive Services technology from NCR to help increase the availability of its ATMs across Turkey. In 2013, NCR Predictive Services recovered an additional 32,000 hours of ATM up-time for Akbank customers. With more than 4,200 ATMs across 962 branches, Akbank
Banking the unbanked doesn’t come naturally to financial institutions who tend keep a firm eye on their top-line, however it is becoming increasingly clear just how important financial inclusion is for national economic development. M-Pesa in Kenya is the poster-child for how successful initiatives can be, and more and more countries across Africa are investigating
goSwiff, the leading innovator in mobile commerce and marketing services, launched its integrated mCommerce platform of payment solutions. The platform helps businesses to increase and streamline their mobile and online transactions. At its core, goSwiff mCommerce Platform is designed to maximise revenue and customer loyalty via the increasing number of channels through which customers make purchases. The platform offers the
VeriFone Systems, Inc. announced that Procesos de Medios de Pago S.A., the MasterCard acquirer in Peru will provide EMV-capable mobile point of sale (mPOS) terminals from VeriFone to merchant customers in Peru throughout 2014 and 2015 as part of its plan to increase payment mobility in the region. As part of a nationwide initiative to
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