Interswitch Forms Business Combination with Paynet Group

Posted on by wademinnie | 9904 Views | 13 min read

Interswitch Transnational Holding, the leading pan-African integrated payments company, announces it has reached a partnership agreement with the Paynet Group, East Africa’s leading multi-institutional payments provider, to combine its businesses. Interswitch will acquire a majority shareholding in Paynet Group and unrivalled  existing shareholders will become shareholders of the Interswitch Group. Bernard Matthewman, current CEO of Paynet,

Rapid Communications to Launch Virtual Banking Services in Somalia

Posted on by wademinnie | 16369 Views | 5 min read

The mass market in Somalia will now be able to access various banking products virtually through their mobile phone after Kenya’s Rapid communications recently acquired 16% shareholding in Nationlink telecom, a GSM operator, along with the license for banking services. The company currently manages the content management system (CMS) platform for Nationlink telecom and with