Payments > IB Staff Writer > Middle East and Africa - News

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HyperPay partners with ACI Worldwide to expand in Middle East and North Africa

By IB Staff Writer

ACI Worldwide has announced that HyperPay, a Payment Service Provider (PSP), is utilizing ACI’s UP eCommerce Payments solution to drive growth in the burgeoning Middle East-North Africa region.
Banking Services > Payments > News

Barclays, Wave conduct first blockchain trade finance transaction

By IB Staff Writer

British banking giant Barclays and Israeli start-up Wave have conducted the first trade transaction using blockchain technology.
Banking Services > Payments > News

Absa launches Mastercard-powered digital wallet

By IB Staff Writer

Absa has launched the Absa Masterpass App, a digital wallet powered by Mastercard, enabling South Africans to make safe and easy payments wherever Masterpass is accepted.
Banking Services > Payments > News

Oman Arab Bank chooses BPC’s SmartVista to boost its payment business

By IB Staff Writer

BPC Banking Technologies, a provider of payment solutions, announces that Oman Arab Bank (OAB) has selected SmartVista suite to enhance its payment business.
Banking Services > Retail Banking > News

MobiCash partners with Boloro to launch mobile payment services in South Africa

By IB Staff Writer

In keeping with the concept of ‘Connecting Africa’s Resources through Digital Transformation’ at World Economic Forum on Africa event in Kigali, Rwanda, Patrick Ngabonzizathe Chairman and Founder of MobiCash announced a game-changing approach to financial inclusion in Africa.
Banking Services > Payments > News

WorldRemit rolls out instant money transfer services in Niger

By IB Staff Writer

Money transfer app WorldRemit has launched instant money transfers to Airtel Money wallets in Niger.
Banking Services > Payments > News

Access Bank enhances ATM portfolio with NCR’s latest SelfServ ATMs

By IB Staff Writer

Nigerian multinational commercial bank Access Bank has enhanced its ATM portfolio with NCR’s latest SelfServ ATMs to improve customer experience with reduced ATM downtime.
Banking Services > Payments > News

Network International to buy Emerging Markets Payments from Actis

By IB Staff Writer

Network International has agreed to acquire Emerging Markets Payments (EMP) from private equity firm Actis.
Banking Services > Payments > News

Warburg Pincus and General Atlantic to acquire 49% stake in Network International

By IB Staff Writer

Private equity firms Warburg Pincus and General Atlantic have agreed to acquire a 49% stake in payment solutions provider Network International from Abraaj Group.
Technology > Banking Technology > News

Kenya Commercial Bank clears MasterCard PayPass certification

By IB Staff Writer

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that with its technological assistance, Kenya Commercial Bank is now able to offer acceptance of contactless cards based on MasterCard PayPass technology.
Banking Services > Payments > News

EMP signs technology and center of excellence partnership with Afghanistan Payments Systems

By IB Staff Writer

Emerging Markets Payments (EMP), the leading electronic payments processing company in the Middle East and Africa (MEA), has announced the signing of an exclusive technology and center of excellence partnership with Afghanistan Payments Systems (APS), the local domestic payment card switch in Afghanistan.
Banking Services > Payments > News

EthSwitch selects SmartVista to enhance payments infrastructure in Ethiopia

By IB Staff Writer

Ethiopian banks consortium EthSwitch has selected Swiss-based BPC Banking Technologies’ SmartVista for national switching operations in Ethiopia.
Banking Services > Payments > News

Western Union, MTN launch mobile money transfer service in Ivory Coast

By IB Staff Writer

The Western Union Company, a leader in global payment services, announced the launch of a new mobile money transfer service in the Ivory Coast in conjunction with the MTN Group.
Banking Services > Payments > News

DSG fully automates payment with Dubai Islamic Bank

By IB Staff Writer

Dubai Smart Government (DSG) has announced the activation of electronic linkage between its Government Resources Planning (GRP) Systems and Dubai Islamic Bank (DIB) to fully automate the financial processes for government suppliers and salary payments; in line with its current strategy to shift to smart government and smart city.
Banking Services > Payments > News

VeriFone, ITS launch new EMV-ready payment solutions in Saudi Arabia

By IB Staff Writer

VeriFone Systems, Inc. (PAY) announced the introduction of two EMV-ready payment terminals from VX Evolution—its latest line of portable and countertop terminals—to the Kingdom of Saudi Arabia market with its partner, International Turnkey Systems Group (ITS), an integrated IT solutions and software services provider.
Banking Services > Payments > News

BBR White Paper Recommendations

Revenue Leakage – Opportunity Calling! By Suntec
Revenue Leakage has been a universal phenomenon, gnawing up the profit margins of transaction-based industries, especially across their business support systems. Though the Banking industry people are particularly quick in acknowledging the glaring prevalence of revenue leakage, they are not able to pinpoint its source or quantity, or chart methodologies to ensure Revenue Assurance.... Banking Services > Commercial Banking > White Papers Customer Profitability Vs. Customer Satisfaction: Keep Guessing or Model your Pricing Strategies By Suntec
Most financial institutions do not have a clear understanding of what or who drives their profitability. They make assumptions or guesswork, and most of the time, try and fix their profitability metrics into the 80/20 rule or something similar — the majority of profits (80%) come from a minority (20%) of customers, products or business segments. Is profitability as simple as this? While there is no denying the 80/20 rule, how does an organization find this 20%? ... Banking Services > Commercial Banking > White Papers Banks - Reward Your Customers Incrementally, Based on Their Profitability By Suntec
Financial Institutions (FI) are on the verge of a strategic make-over. The market conditions imply an increased need to generate revenues and customer profitability, to ensure sustainability and future business success. In order to achieve these objectives, the FIs need to devise strategies that leverage customer relationships in a way that has never been done before. ... Banking Services > Commercial Banking > White Papers Achieving Measurable Gains by Automating Claims Processing By Kofax
Moving to a fully automated process is a goal for claims processing of nearly all insurance executives. Companies are at various levels of automation and often do not have an appropriate strategy to achieve higher levels of automation. This white paper identifies seven levels of claims automation and provides a roadmap that can be followed to enhance claims processing. This straightforward approach can be used to increase the likelihood of successful automation. Download this free white paper from Kofax to find out more.... White Papers Customer Centricity: The Key to Success in Retail Banking By Kofax
The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more

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