Financial Technology Africa

The Dividends of Facility Management: The Lagos Experience

Wale Akinnriade was in his Vauxhall, South London office when he received a text informing him that his father had been injured in a bad motor accident on the 20th of September 2011. He got on the next available flight the following day and went straight to the Lagos State University Teaching Hospital (LASUTH) from the airport. As his taxi approached the hospital gate, he shuddered...

AITEC Banking and Mobile Money West Africa 2011 Kicks off in Accra

Accra, Ghana: With the theme: Driving trade and investment through financial integration, the 2011 edition of AITEC Banking and Mobile Money West Africa kicks off in Accra, the capital city of Ghana today. African banks have a great challenge in overcoming their heritage of colonial banking, which is designed to cater for government, corporate and high-worth individuals...

Tigo Cash Ghana introduces Out with new TV commercial

Accra, Ghana: Tigo Ghana has said its Tigo Cash mobile money transfer service is the only one that allows subscribers to send money to loved ones and business associates on other networks. This was contained in a statement that announces the newly introduced TV commercial about the cross-network Tigo Cash service...

Ecobank, Airtel Ink Deal on Mobile Banking

Lagos, Nigeria: Ecobank Transnational Incorporated and Bharti Airtel Telecommunications Company Monday signed a Memorandum of Understanding (MoU) to promote mobile banking services across Africa...

Striata to Simply SA e-billing System with Mobile Platform

Johannesburg, South Africa: Electronic billing specialist, Striata is partnering with billing platform and payments provider, POCiT to provide a simple, secure bill payment process for the South African market using mobile phone payment technology. Striata delivers millions of electronic invoices on behalf of South Africa’s largest bill issuers, says Striata SA Managing Director, Alison Treadaway...

LAMATA Commences e-Ticketing

Lagos, Nigeria: The Lagos Metropolitan Area Transport Authority, LAMATA, management of Bus Rapid Transit, BRT, in collaboration with its partners, will commence the pilot phase of e-ticketing system on its BRT, today. Meanwhile, men of the Lagos State Traffic Management Authority, LASTMA, have been charged to maintain high level of discipline, respect for the public and cautiousness while performing their duties and maintain excellent service delivery...

CBN Commences Evaluation of M-Payment Operators in April

Abuja, Nigeria: The Central Bank of Nigeria (CBN) has commence the evaluation of the 16 companies it granted M-Payment operators Approval in Principle (AiP) in April. The evaluation will lead to the award of provisional licenses to those who will scale through the stringent frameworks...

EMVCo Releases Guide Paper on EMV

EMVCo, the EMV standards body collectively owned by American Express, JCB, MasterCard and Visa, has launched a paper entitled 'A Guide to EMV' to provide an overview of the EMV Specifications, processes and the role of the technology within the context of the wider payments industry...

GTBank to Leverage MTN Platform for M-Payment Services in Nigeria

Lagos, Nigeria: GTBank will leverage on the over 30 million MTN subscriber base to inaugurate its mobile payment services in Nigeria. The service that is currently on pilot stage is available to all MTN subscribers and can be accessed with any mobile phone as long as the subscriber has a duly registered Mobile Money enabled SIM card...

Unistal Releases New Version of Protegent Enterprise Security

Unistal Systems Pvt Ltd, a giant in Data Security and business continuity solutions has released new version of Protegent Enterprise Security 2011 by adding new module of Asset Tagging, Tracking and Early Warning System...

iVeri is now the longest PCI DSS Level One certified entity in Sub-Saharan Africa

Johannesburg, South Africa: With this third certification in a row, iVeri is now the longest PCI DSS Level One certified entity in Sub-Saharan Africa. This unequivocally testifies to iVeri's commitment to international compliance standards and payment data security...

eNNovators Breakfast Series Examines Benefits of Mobile Phone to Insurers in Nigeria

Lagos, Nigeria: As Nigeria prepares to celebrate 10 years of GSM revolution in few months, financialtechnology eNNovators Breakfast (FTeB), a quarterly breakfast event designed for Dreamers-Drivers and Doers (3Ds) of technology business in financial services industry across Africa, has announced that the June edition of the knowledge acquisition event will examine the relevance of cellular technology to the insurance industry in Nigeria...

ePassports: De La Rue to Roll Out 500K for e-Passport for Cameroon

Yaounde, Cameroon: As part of the Cameroon Government identity solutions road map, De La Rue Identity Systems announced plans for the roll out of nearly 500K Cameroon e-passports over the next three years...