Diamond Trust bank recently launched PayEasy, a mobile phone payment collection system that enables customers to pay for goods directly from their mobile money account to the merchant’s bank account. PayEasy looks to effectively introduce a secure and convenient cashless payment system which can be used in all categories of business...
Standard Chartered Bank is is set to introduce its newest mobile and online banking platform across eight African markets, as it looks at innovative solutions for its 1 million clients across Africa. With the update, Clients will be able to enjoy a consistent online experience across laptops, tablets or mobile...
Every online business seeks to have a reliable way of recieving money and processing payments. The truth is that no one payment processor comes close Paypal’s reach and range of services, but once in a while, you need an alternative, especially if you have been burnt by Paypal. Today, we present...
Uganda Technology and Management University (UTAMU) are set to benefit from a new official University Student & Staff Card. The student card goes beyond a simple ID and can works as a meal card, library card, access card, debit card, all in one. The card was introduced to students on Tuesday, 10th May...
SimbaPay the money remittance service has announced that it is raising the single transaction limit to a whopping $45,000. This is substantially higher than the previous transaction limit of $3,000. According to Victor Karanja, Head of Operations at SimbaPay, sending money home and buying property across Africa has just become a whole lot...
Tigo Pesa users have been paid a total of $2.3m/- as profit share paid every quarter by Tanzania’s leading digital lifestyle telecom. This is the eighth time that Tigo is disbursing the quarterly payment to its mobile money users – a practice the company became the first telecom in the world...
A new report is indicating how virtual currencies and distributed ledgers, like bitcoin, are gaining strength in emerging economies by cutting out huge fees charged by local banks and financial institutions. According to the report, the cost for receiving $200 remittance transfers in emerging economies averages about 10 percent, and it...
MoneyGram and GT Bank, on Thursday announced the launch of MoneyGram’s receive services across the GT Bank network. This service will be available through MoneyGram’s cash to account service. MoneyGram CEO Alex Holmes and GT Bank general manager, operations division, Tayo Asupoto made the announcement during a signing launch ceremony at...
Hackers have attempted to siphon $24 million (Ush81 billion) through the Uganda central bank in four separate incidents starting July last year. The hackers targeted some of the biggest budget holders such as Ministries of Energy and Agriculture, Defense as well as parastatals like Uganda National Roads Authority, managing to successfully...
The continent's leading start-up events DEMO Africa is set to be hosted in Johannesburg this year. The two-day event which acts as a launchpad for emerging technology and trends will take place in September, at a venue which has not yet been disclosed. Pre-selected start-ups will receive mentoring, coaching and the...