West Africa

MTN MOBILE MONEY, UT BANK PAY INSURANCE PREMIUM IN GHANA

MTN Ghana and UT life have paid their first insurance premium of GH 1945 to a subscriber within 72 hours of submission of the relevant documents for claims With this speed of delivery MiLife a Mobile Insurance Service which provides cover in the event of death of the subscriber or his next of kin has demonstrated strong commitment to the promise of paying claims within 10 working days Emelia Sena Adjei who has been on the service for only one month was the beneficiary of the first claim from MiLife She received her claim at the UT Life Insurance office at Tesano Accra The presentation ceremony was witnessed by the Managing Director of UT Li...[...read more]

Filed Under West Africa

UBA: A daring move to Self-Service banking channels

Babajide Komolafe United Bank for Africa UBA Plc believes it is time for customers particularly small depositors to fully embrace selfservice electronic banking services The bank however reasons that this change might not happen except some measures are applied to compel it Consequently the bank introduced a new minimum opening balance of N25000 effective July 1st Customers with less account balance according to the bank should migrate to either a mobile banking account which is selfserviced through UMobile a suit of electronic and mobile banking services offered by the bank or any of the other electronic banking channels of the bank In...[...read more]

Filed Under West Africa

Ghanaians embraces FCP Speed Banking service

First Capital Plus FCP Savings and Loans Company has described as phenomenal the reception of its Speed Banking product by customers and other potential clients in Kumasi Company officials say the service should impact positively on total deposit mobilization as customers increasingly sign onto the platform and continue to deposit money via their mobile phones The Speed Banking service is a unique solution that allows customers of FCP to deposit money into their accounts using a scratch card and a mobile phone Customers need to purchase vouchers worth 2 and 5 and text to a shortcode for the amount to reflect in their account The account ...[...read more]

Filed Under West Africa

New electronic payment cards launched in Ghana

An Accrabased company in the electronic payments processing industry inCharge Global Limited on Wednesday introduced a new line of loyalty payment cards Dubbed 93inCharge the cards have been designed to promote and facilitate electronic payments processing by providing merchants and organisations the opportunity to offer their own branded loyalty and corporate cards to their customers and members for secure pinbased transactions Mr Ekow Orleans Boham Chief Financial Officer said the cards provide d a way to make and accept payments easily and securely over the major electronic platforms such as mobile phones points of sale device internet...[...read more]

Filed Under West Africa

UBA Floats 'U-Mo' Banking Product

The United Bank for Africa Plc UBA said it has created a new banking product called the UMo to take care of its customers who will not be able to meet up with its new minimum balance of N25000 Executive Director Resources UBA Mr Kennedy Uzoka said the bank has introduced the UMo account a mobile banking product that allows customers to transact business with their mobile account any time Uzoka who made this known while briefing the media in Lagos Tuesday stated that the new product will help migrate customers whose account balances are below the new minimum balance of N25000 and are not able to upgrade between July 1 to September 1 2011 ...[...read more]

Filed Under West Africa

Ecobank Partners Airtel on Mobile Banking

Ecobank Transnational Incorporated and Bharti Airtel Telecommunications Company Monday signed a Memorandum of Understanding MoU to promote mobile banking services across Africa The agreement which was signed in Lagos according to both parties is to facilitate the development of innovative mobile financial services focused both on serving the unbanked and underbanked and contributing to the economic development of the 14 African countries in which they jointly operate Commenting on the development Ecobanks Group Chief Executive officer Arnold Ekpe explained that the agreement combines the distribution capabilities of Africas largest ind...[...read more]

Filed Under West Africa

Tigo Cash Ghana introduces new TV commercial

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 crossnetwork Tigo Cash service The statement said Tigo cash as of today is the only mobile money transfer service in Ghana that allows subscribers to transfer money across all networks So in effect a Tigo subscriber who wants to send money to a friend or loved one on any network can do so Competition does not have this service the statement added The statement said Tigo Cas...[...read more]

Filed Under West Africa

NIPOST partners with eTranzact on electronic payment service

The Nigerian Postal Services NIPOST has partnered with Nigerias leading electronic and switching payment company eTranzact International Plc to increase access to epayment services in Nigeria The partnership with NIPOST is in line with eTranzacts mission to provide convenient epayment services to Nigerians According to the Director Business Development eTranzact International PLC Sullivian Akala the partnership with NIPOST is to extend epayment services largely to the underbanked We are leveraging on the partnership with NIPOST to reach more customers especially in the rural areas NIPOST has all necessary facilities to drive epayment serv...[...read more]

Filed Under West Africa

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