Tag Archives: africa

MasterCard to roll out 3 million debit cards in Zimbabwe, partners with EcoCash

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International payment card firm MasterCard has partnered with African mobile money service and subsidiary of Econet, EcoCash, to enhance cashless payments in Zimbabwe. The collaboration will result in over 3 million MasterCard debit cards being issued throughout Zimbabwe. The cards …
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African FX Infrastructure Continues to Modernize, Reuters Adds 3 Benchmarks

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Thomson Reuters has won a competitive bidding process to provide currency benchmark rates on its Eikon FX trading platform for three economies from across the African continent: Kenya, Ghana and Zambia.
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United Bank for Africa cards now supported on PayPal

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The United Bank for Africa (UBA) recently announced its debit and prepaid cards will be supported on eBay Inc.’s owned PayPal payment platform. As one of the most popular and used payment methods, PayPal is offered as the payment option …
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PR: Volante Technologies releases ISO 20022 Conversion Pack for South African regions

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Global leader in the provision of innovative financial data integration Volante Technologies has released its latest ISO 20022 Accelerator, the SADC Payments IS0 20022 Conversion Pack. The SADC Payments IS0 20022 Conversion Pack is designed to help firms accepting payments, …
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Barclays Africa acquires 49% in South African P2P firm RainFin

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Barclays Africa has acquired a 49% stake in South African P2P platform RainFin. The new cash flow will help boost RainFin’s product range. According to RainFin, the new products will include supply chain finance, enterprise development funding, fixed asset purchases …
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M-PESA now to support online payments

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M-PESA is increasing its presence in Kenya, and has introduced Lip Na M-PESA. The new service will allow Kenyan residents to place transactions with supporting online merchants using their M-PESA account. M-PESA is a micro financing service for transferring funds …
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Malawi’s New Commodity Exchange Goes Live with Full E-Trading Capabilities

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Malawi, an emerging markets nation in Africa has gone live with InterContinental Systems’ exchange technology for its latest commodity bourse, AHL Commodities Exchange Ltd, the exchange aims to be the largest in Malawi.
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1st Major Forex Exhibition in South Africa 7 & 8 December 2012

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With markets maturing in Europe and Asia financial services firms are on the lookout for the next destination to park their FX band wagon. South Africa with economic growth above 3%; is fast becoming a destination of choice as its …
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African development bank Signs ISDA Agreement to push Local Currencies

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The African Development Bank and IFC, a member of the World Bank Group, have signed an ISDA Master Agreement to enter into cross-currency swap transactions to facilitate local currency lending and bond issuance in Africa. It is the first ISDA …
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