KCB, Western Union launch ABMT service in Kenya

Western Union, a global payment service, and KCB Group, East Africa's indigenous bank, announced the launch of Account Based Money Transfer service (ABMT) for its customers in Kenya and the region allowing them to receive and send money from more than 200 countries around the world. 24 Apr 2013 11:06

Standard Bank is cleanest and greenest

Standard Bank, the country's biggest banking group in terms of assets‚ has been ranked the 12th 'greenest' bank in the world and the cleanest in Africa by Bloomberg Markets. 12 Apr 2013 10:35

PesaPoint welcomes KBA guidelines

PesaPoint Limited on Friday, 5 April 2013, clarified that its fleet of ATMs deployed across the country have been EMV-Chip compliant for over three years now. The payment networks company said its focus was now upgrading the agency banking network which serves over 30 banks to be in compliance with the standard. 8 Apr 2013 10:19

Mobile cash services bank on growth

[Thabiso Mochiko] The growth of mobile money will continue at a rapid rate this year‚ global mobile industry body GSMA said in a recently released report entitled The Economy of Mobile 2013. 20 Mar 2013 07:09

Old Mutual puts billions into Africa

[Phakamisa Ndzamela] Old Mutual will invest R5bn in Africa over a three to five year period as part of its strategy to expand its footprint on the continent. 5 Mar 2013 09:34

Mobile money could encourage savings

[Helmo Preuss] Research in northern Ghana funded by SWIFT (Society for Worldwide Interbank Financial Telecommunication) showed that mobile money can help foster a savings culture and address financial exclusion. 27 Feb 2013 07:33

MoneyGram remittance costs are just 5%

MoneyGram remittance costs are 5% or less depending on the size of the transaction‚ MoneyGram's Vice President for Africa Hervé Chomel told a media roundtable on Thursday (7 February). 8 Feb 2013 10:45

Lagarde says global uncertainty limits Africa growth

[Ntsakisi Maswanganyi] Continued global uncertainty‚ coupled with internal factors such as drought and associated food shortages‚ threaten Africa's economic growth prospects‚ warns International Monetary Fund's (IMF) managing director Christine Lagarde. 8 Jan 2013 10:48

Fundamo reports mobile financial services growth

Fundamo, a Visa Inc. company and a global specialist mobile financial service provider, have reported accelerated growth of mobile financial services in Africa. In 2012, Fundamo has launched three new services - FirstMonie with First Bank Nigeria and Celpay with Celpay International in Uganda and Zimbabwe. 13 Nov 2012 10:50

Uganda names Top 50 Brands

[Walter Wafula] As one of activities to commemorate Uganda gaining independence from the British in 1962, the Private Sector Foundation Uganda has identified and honoured its Top 50 Brands of the last five decades. 23 Aug 2012 11:40

Barclays, Absa to combine African operations

Barclays Bank and its subsidiary, Absa, say they are engaged in negotiations to combine the majority of the Barclays Africa operations. 21 Aug 2012 11:41

SBV Services expand their operations into Africa

SBV Services, who has been providing its cash operations services to the Nigerian market for over five years, is also active in Lesotho with plans being afoot to extend its footprint further into Africa, including Uganda and Namibia. 10 Jul 2012 09:27

FNB officially launches in Tanzania

First National Bank, a division of FirstRand Bank Limited has announced the official launch of First National Bank Tanzania Limited. Since commencing their operations in July 2011, FNB's operations have performed well in Tanzania and are in line with expectations illustrating the sound investment and business opportunity provided in the country. 3 Feb 2012 07:26

Mobile: 'world-first' virtual payment card launches in Kenya

NAIROBI, KENYA: Airtel Africa, Standard Chartered Bank and MasterCard have rolled out what is claimed to be the world's first virtual payment card on a mobile phone. 15 Sep 2011 09:37