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Banking & Finance

WorldRemit ties up with MTN Mobile Money in Cote D’Ivoire

Digital money transfer service WorldRemit, the UK’s fastest growing technology firm and MTN Cote D’Ivoire have launched instant international remittances to MTN Mobile Money wallets in Cote D’Ivoire. With the WorldRemit app, the Ivorian expatriate population can now send overseas money transfers to any MTN Mobile Money wallet in Cote D’Ivoire – with a few […]

Network International selects cryptogram to secure non-card transactions

Network International, a payment solutions provider across Africa and Middle East, and Oberthur Technologies, a global provider of embedded security software products and services, announced their partnership to offer banks in Africa and Middle East region, a dynamic cryptogram payment card to secure online transactions. The OT MOTION CODE solution provides an extra layer of […]

Select athletes at Rio Olympics to use Visa NFC ring for payments

Visa, the exclusive payment provider at the Olympic and Paralympic Games, introduced a new innovation for use at the Rio 2016 Games. It has launched the first payment wearable ring backed by a Visa account. The Visa payment ring will be given to all Team Visa athletes in Rio, a group of 45 Olympic hopefuls […]

Ericsson developing mobile wallet to support humanitarian response to crises

Ericsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organisations and affected populations. The Ericsson Emergency Wallet solution will be designed for use in emergency situations where financial infrastructure is lacking. It will enable the distribution and use […]

MobiCash, Boloro, Big Save, tie up for SMB mobile payment in South Africa

In keeping with the concept of Connecting Africa’s Resources through Digital Transformation, at the World Economic Forum on Africa in Kigali, Rwanda, Patrick Ngabonziza the Chairman and Founder of MobiCash announced a new approach to financial inclusion in Africa. MobiCash and Boloro are launching their mobile payments ecosystem in the townships of South Africa with […]

Ecobank implements Tsys Prime 4 to manage POS transactions

Tsys announced that Ecobank, a pan-African banking group, has deployed the latest version of the Prime payments solution platform, Prime 4. This is to support its acquirer processing of MasterCard, Visa and UnionPay International point of sale transactions across 28 countries in Middle Africa. Ecobank has a major presence in Africa with more than 1,100 […]

Ernst & Young Africa adopts step-wise SAP implementation at Development Bank Namibia

Growing a small start-up operation of only ten employees into a national powerhouse with a multi-billion dollar loan book that finances some of Namibia’s most important businesses and infrastructure development initiatives requires dedicated partners and a technology platform that can adapt as the business grows. This is the learning for Brad Scott-King, Director for IT […]

Collinson Group launches loyalty suite for African financial services

Collinson Group, a global vendor in customer behaviour, launched a new loyalty solution for the financial services sector in Africa, helping brands create compelling rewards programmes, improve customer loyalty and spend. An established vendor in EMEA and Asia Pacific, this year Collinson Group provides banking clients more added value products and services to support consumer demands for […]

New Zealand Central Bank chooses SIA for new RTGS

The Reserve Bank of New Zealand, New Zealand’s central bank, has chosen SIA, a European vendor in technology infrastructure and services for financial institutions, to implement and support a new Real Time Gross Settlement system replacing the current Exchange Settlement Account System. The Real-Time Gross Settlement is a system that electronically streamlines the settlement of large […]

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