BIODUN COKER eTransact has released its second quarter forecast result for Q1 2012, to the Nigerian stock exchange showing that the company expects N952 million turnover in its second quarter (Q1)2012 , and profit before tax of N184 million, just as it targets N125 million. The latest figures of eTranzact made available to Business Day
Globacom partners UBA, Stanbic on service roll-out
Adline Atili In line with the Central Bank of Nigeria’s (CBN) policy of driving financial inclusion and to promote the ‘cash-lite’ payment system, United Bank for Africa, (UBA) and Stanbic IBTC Bank are partnering with Globacom to offer mobile payment (m-payment) services on the Glo network. At a briefing yesterday in Lagos, the companies said
Fortis Mobile Money signs MoU with NAMBLAG
AMAKA ABAYOMI In its efforts to ensure that more Nigerians have easy and reliable access to finance and foster financial inclusion, the National Association of Microfinance Banks, Lagos State chapter (NAMBLAG) has signed a Memorandum of Understanding (MoU) with Fortis Mobile Money, a mobile money operator licenced by the Central Bank of Nigeria (CBN) to
MTN selects Fortis for mobilemoney service in Nigeria
Africa’s. Leading mobile network provider MTN,has signed a memorandum of understanding with Fortis mobile money, a recently licensed mobile financial services provider in Nigeria. With the partnership, fortis mobile money can now available to every subscriber across different device types on Nigeria’s largest mobile network, MTN. The mobile network is active in 21 countries in
Vodafone signs up mobile payment guru Joseph
Katherine Rushton Telepgragh Vodafone has hired Michael Joseph, the father of mobile payments, to spearhead the global roll-out of its own m-payments business – and has also warned that Three is endangering Britain’s position in the burgeoning market. Mr Joseph, who spent a decade as chief executive of Safaricom, the Kenyan mobile operator, is credited
Pay-by-phone takes on a whole new meaning
TOBY SHAPSHAK TimesLive.co.za SOUTH Africa – which pioneered pay-as-you-go on cellphones – is emerging as a leader in digital payments by those customers who are on the move. The world’s largest “cashless” rock festival – Oppikoppi in August – allowed customers to pay with a preloaded card, and the country’s big banks each handle over
Absa begins South Africa’s first NFC pilot
Sarah Clark The trial will see five hundred bank staff using BlackBerry NFC smartphones to make MasterCard PayPass payments, and the technology used will in future also support the country’s national transportation ticketing technology. Leading South African financial institution Absa has announced it will begin the country’s first live user trial of NFC technology in
Western Union, Vodacom Tanzania Launch Quick, Convenient and Reliable Cross-Border Mobile Money Transfer Service
New offering enables consumers in Tanzania to receive money from abroad. Now, thanks to a new service from Western Union WU and Vodacom Tanzania, consumers in Tanzania can get even more from their mobile phones. With the launch of this service, friends and family members can visit one of more than 108,000 participating Western Union
Tanzania: Airtel Money launched, seeks inclusive financial solutions
Airtel yesterday re-launched its mobile money platform, aptly named Airtel Money, which is better positioned to provide consumers with immediate access to affordable and innovative financial solutions through their mobile phones. The platform allows consumers and communities to take maximum advantage of the mobile commerce innovations sweeping through the industry by enabling them to conduct
MTN mobile money to go global
Moses Mugalu As it upgrades its network – the biggest part of which has lately provoked public fury after disrupting transactions – MTN notes that the new service will include a platform where customers will be able to send and receive money across borders. Quoting Richard Mwami MTN’s Head of Public Access, a media statement,
