Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced that it signed a payments agreement with one-stop travel service provider Ctrip. One of China’s leading travel agents, Ctrip is using the Digital River World Payments solution to process credit cards, including Visa, Mastercard and UnionPay on its Singapore site at http://www.ctrip.sg/. Later this
Digital River, Inc., a leading global provider of Commerce-as-a-Service solutions, announced that it signed a global payments agreement with Tenfu Tenmax, a China-based, direct marketing company. Tenmax is using the Digital River World Payments solution to support its rapid global expansion plans and offer localized payments across Southeast Asia, Japan, Korea, Russia and the United
African Development Bank (AfDB) and Equity Bank (Kenya) Limited (Equity) have signed an agreement for a US $148-million multi-sector senior Line of Credit to facilitate onward lending to key economic sectors in Kenya. The Line of Credit (LoC) extended to Equity Bank Kenya by AfDB is expected to boost Kenya’s private sector development through financing
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
ACI Worldwide, a leading global provider of electronic payment and banking solutions, announced that it has signed a Letter of Commitment in support of the UK Faster Payments Scheme’s New Access Model, to operate as both ‘single tenant’ and ‘multi-tenanted’ aggregator. Launched in December 2014, the New Access Model is designed to broaden access to
As it continues to expand its vertical market reach in the retail and finance sectors, Ingram Micro Asia Ltd. has signed a deal with Powa Technologies to distribute the PowaPOS tablet-based POS hardware in Southeast Asia. With this move, the global technology leader showcases its commitment to its growing Point-of-Sale business by expanding its relationship
Citigroup and MasterCard announced that the companies have signed a new and expanded 10-year agreement. Citi will begin aligning the company’s consumer proprietary credit and debit portfolios to the MasterCard network in 2015. Citi will continue to work with other networks, including on consumer co-brands and commercial cards. “Citi’s new global agreement with MasterCard harnesses
Stanbic Bank Uganda Limited (Stanbic Uganda) has signed a US$85 million, eighteen month term loan facility in Dubai on 28 January 2015. The transaction, which is a debut Stanbic Uganda transaction was launched in an amount of USD 75 million and an over subscription of USD 15 million was obtained, thus allowing a final take
KCB Group has picked three Islamic banking experts to run the Bank’s Sharia Advisory Committee, heightening the lender’s roll-out the Islamic banking services in Kenya. The scholars and religious leaders— Sheikh Ahmed M. Msallam, Sheikh Ibrahim Lethome and Dr. Ahmed Sheikh Abdualatif Osman—on Tuesday morning signed their contracts with KCB during the inauguration of the
Payment Processing specialist Vogogo Inc. announced a signed agreement that will provide its customers access to the Interac Online payment network. Interac Online is a transfer and payment service made available to Canadians who bank online with Canada’s largest banks: BMO, Scotiabank, TD Canada Trust and RBC Royal Bank. It has recently gained traction as
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