MasterPass Now Available to More than 40 Million Consumers Across Asia/Pacific

Posted on by Staff Writer | 3009 Views | 17 min read

MasterCard has revealed that its digital payments platform, MasterPass, has been gaining momentum, driven by the increasing trend among consumers in using it for smaller ticket, everyday payments. MasterCard has also seen a surge in transaction volumes, with a monthly compound average growth (CAG) rate of 38% for MasterPass transactions in Asia/Pacific for 2014. This

Tanzanians are Increasingly Using New Channels Over Traditional Banks and ATMs

Posted on by Staff Writer | 5484 Views | 9 min read

More Tanzanians are no longer visiting bank halls and automated teller machines (ATMs) as digital banking system gains momentum. The recent trend shows customers are turning their backs to bank halls and ATMs to other optional channels such as Simbanking, point of sales and plastic money. CRDB Chief Executive Officer, Dr Charles Kimei, said that

UBA Sustains Growth Momentum, Grosses N290 Billion Earnings in FY2014

Posted on by Staff Writer | 4232 Views | 13 min read

United Bank for Africa (UBA) Plc has released 2014 full year audited results showing that consolidation of its African operations and enhanced productivity across the group are sustaining the Bank’s growth momentum. The results of the Pan-African Bank, released on Wednesday at the Nigerian Stock Exchange (NSE), show a 10% growth in gross earnings to

Visa Checkout Will Soon be Available in 16 Markets Globally

Posted on by Staff Writer | 3825 Views | 10 min read

Visa Inc. announced that Visa Checkout will become available in a total of 16 markets in 2015, continuing the early momentum the product has seen since launching in three markets in the summer of 2014. “Visa Checkout has seen tremendous growth in the U.S., Canada and Australia in just the few months since its launch,”