KCB Group and Safaricom have launched a new mobile banking product with the most comprehensive features yet in the market. KCB-M-PESA Account will enable customers to get loans using their mobile phones, the loans will be offered with a flexible repayment period ranging from one month to six months. In addition the facility fee for
FinTech startup Azimo, the digital money transfer service, has launched a new instant £1 money transfer service to 15 countries across Latin America. According to the International Organisation for Migration, 4.5 million South Americans live in Europe, while 1.25 million Europeans currently live in South America and the Caribbean. The World bank estimated that money
The management of Heritage Bank one of Nigeria’s commercial banks has launched portable POS solution a Mobile Point of Sale (mPOS) product that getting popular in various parts of the world. Niyi Adeseun, executive director, Manila Banking, Heritage Bank said: “The Nigerian retail and corporate market is undergoing a massive transformation in a battle for
Entrust Datacard announced that it has launched the first integrated instant issuance kiosk solution in South Asia with State Bank of India (SBI). State Bank of India opened its first set of seven outlets immersed with digital capabilities in prime business districts and shopping malls in Mumbai, New Delhi, Bengaluru, Chennai, Kolkata and Ahmedabad. The
The GSMA launched a Code of Conduct for Mobile Money Providers, outlining a series of common business principles to enable the development of safe and responsible digital financial services. The first mobile network operators (MNOs) to endorse the Code are Airtel, Avea, Axiata, Etisalat, Millicom, MTN, Ooredoo, Orange, Telenor, Vodafone and Zain. Together, these MNO
ROAM, part of Ingenico Mobile Solutions and the leading mobile commerce platform provider, launched the latest version of its mobile point of sale (mPOS) application, ROAMpay X5. This new version features a completely redesigned User Interface (UI) and is the first and only native tablet application for both iOS and Android that supports all mobile
Payment credential management specialist, Bell ID, has launched its Tokenization Manager software. The solution will be used by card issuers and merchants to enhance security and limit fraud by facilitating tokenized payments. EMV payment tokenization is the process of replacing a personal account number (PAN) with a unique identifier, known as a ‘payment token’. The
Westpac has launched its new mobile payment sticker, enabling customers to make payments with any mobile device. The Westpac PayTag, can be attached to the back of a mobile device (or any other suitable item), enabling customers to make quick, secure contactless payments of up to $80 simply by holding their smartphone up to a
Nigeria’s money transfer business landscape entered a new phase yesterday as Africa’s global bank, the United Bank for Africa (UBA) Plc and global Money Transfer giant, MoneyGram launched the first outbound money transfers in Nigeria while Phillips Oduoza, UBA GMD/CEO became the first person to carry out MoneyGram outbound money transfer service from Nigeria. The
TWIGA Bancorp Limited (TBCL) and Tanzania Revenue Authority have launched a new service to help customers to pay taxes through a network of Tanzania Customs Integrated Systems (TANCIS). The Chairman of Board of Directors of TBCL, Prof Amon Mbelle, said in Dar es Salaam that the partnership was aimed at improving services to customers wherever
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