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Lagos, South Africa and New York
Friday, July 10, 2020

Paytm plans messaging service to rival WhatsApp in India

MUMBAI  - India's leading digital payments firm Paytm plans to launch a messaging service to rival Facebook Inc's WhatsApp by the end of this month, a source familiar with the matter said on Tuesday. SoftBank and Alibaba-backed Paytm is seeking to attract people in India...

Nigeria’s Biggest Bank launches MVisa to ease customers’ retail transaction

Nigeria's Biggest Lender First Bank of Nigeria  Limited has partnered with Visa to launch the Mobile Payments Solution – mVisa. This mobile solution allows customers pay for goods and services by scanning a QR code using a smart phone via the FirstMobile App. Payment...

Ghana Banks Turn to Mobile Money in Bid to Boost Deposit Base

A record number of Ghanaians are saving money using mobile phones as lenders push products to lure deposits using technology that is cheaper than building branches. Deposits with mobile-money providers jumped 25 percent to 1.57 billion cedis ($360 million) this year through April, the Accra-based...

Vodacom Plans to Extend Mobile Money to New African Markets

African wireless operator to expand beyond voice license areas Combined mobile-money platform to be used by 30 million people Vodacom Group Ltd. sees the expansion of mobile-banking services into new markets in sub-Saharan Africa as a top priority following a shareholder vote to rubber stamp...

Nigerian cyber criminals use phishing emails to steal $3b worldwide: Reports

Nigerian hackers and cyber criminals are being accused of masterminding a grand theft of information and money running into billions of dollars, worldwide.According to experts, the Nigerians are able to carry out the heist by sending phishing emails to commercial organizations and industrial enterprises,...

Google faces big fine in first EU case against search practices

Search giant is braced for a fine that could top €1bn with decision expected shortly Google is braced for a fine of potentially more than €1bn as Brussels prepares to announce the first of its trio of antitrust decisions on the search giant’s practices, in...

Youtap partners MatchMove to deliver open-loop payments for mobile money customers in Africa and Asia

  This partnership is in response to the growing demand for Mastercard companion cards connected with mobile money accounts globally NAIROBI, Kenya, June 13, 2017/ -- Youtap (www.Youtap.com), a global provider of contactless mobile money payments and financial services software, has announced a partnership with MatchMove...

Safaricom’s M-Pesa Plans Nigerian, Angolan Expansion After Vodafone Stake Sale

Kenya’s biggest company may expand M-Pesa into Nigeria, Angola Regulator report into dominance to add measures to help rivals Safaricom Ltd. may expand its popular mobile-banking service M-Pesa into countries such as Nigeria and Angola, as East Africa’s biggest company grapples with regulatory scrutiny...

UBA rejigs Mobile Payments with *919# Magic Banking

  Lagos, Nigeria, May 09, 2017 - In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic...

Convenience is the key word with FirstBank’s FirstMobile

  In today’s world of technology and speed, convenience is the name of the game and this is so true for the 21st century financial institutions, as they are constantly challenged to provide customers with convenience, relevance, and ease of transactions. As financial institutions across...
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