NBC Tanzania plans a number of new products to maintain profitability and secure its strong presence in the market, its new Chief Executive Officer has said. Mr Edward Marks, NBC’s new Managing Director, told reporters in Dar es Salaam on Thursday that he would focus on system improvement and profitability to steer the bank to
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
Brazil’s card market is expanding rapidly and domestic card labels are now growing faster than the established international labels. During the first three months of 2014, the Brazilian card market grew by 17% to a total volume of 223 billion Real (US$ 100 billion). While Visa and MasterCard are still predominant, local brands such as
Europe’s mobile operators could save millions of Euros per year with better management of mobile payments compliance, claims Empello. In the UK, a market with 80 million mobile subscribers, Empello estimates that £400,000 could be saved per year by the big four UK operators, just from the reduction in call centre costs. Across Europe, a
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