Agency Banking Racing to Catch up with Mobile Money in Kenya
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Agency Banking Racing to Catch up with Mobile Money in Kenya

May 20, 2013 | 708 View(s)

  NAIROBI, KENYA : It is just a matter of time before Kenya's agency banking gives mobile cash transfer service a run for its money as adoption and use of the former continues to grow...

‘Electronic Funds Transfers to hit N160b Daily’

‘Electronic Funds
Transfers to hit N160b
Daily’

May 20, 2013 | 72 View(s)

  LAGOS, NIGERIA : The second phase of the cash-less policy billed to commence in July may raise the value of electronic funds transfer in the country to N160 billion per day by the end of this year, the Chief Executive Officer,...
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MasterCard Strengthens Asia/Pacific, Middle East & Africa Operations with Two Appointments

MasterCard Strengthens
Asia/Pacific, Middle East
& Africa Operations
with Two Appointments

May 17, 2013 | 93 View(s)

  MasterCard has announced two appointments in the Asia/Pacific, Middle East and Africa (APMEA) region: Robert Keenan will be taking on the role of Asia/Pacific Region Lead for Debit and Jason Tymms will take over as Prepaid Lead for the...
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M-PESA now Contributes 18% of Safaricom’s Total Revenue

M-PESA now Contributes
18% of Safaricom’s
Total Revenue

May 17, 2013 | 77 View(s)

    M-PESA revenue grew by 29.5% to 21.84 billion.   M-PESA now has 10.5 million active users.   There are 65,547 M-PESA agents. 26,000 M-PESA agents were added in the last financial year.   Kshs...
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  • Kenya's M-Shwari Targets Insurance Firms
    Kenya's M-Shwari Targets Insurance Firms
    May 17, 2013 | 101 View(s)

      NAIROBI, KENYA: Commercial Bank of Africa (CBA) chief executive officer, Jeremy... | Full story

  • Absa Bank Launches Multi-Currency Card for Prepaid Travel
    Absa Bank Launches Multi-Currency Card for Prepaid Travel
    May 17, 2013 | 68 View(s)

      JOHANNESBURG, SOUTH AFRICA: Absa Bank, a subsidiary of Barclays has launched a... | Full story

  • IFC, MasterCard Promotes M-Payments in Cote d’Ivoire
    IFC, MasterCard Promotes M-Payments in Cote d’Ivoire
    May 15, 2013 | 100 View(s)

      ABIDJAN, COTE D’IVOIRE: IFC, a member of the World Bank Group, and the... | Full story