Chairman King » Mobile Banking

Guaranty Trust Bank (GTBank) Introduces Naira-Denominated MasterCard Debit Cards in Nigeria

Staff Writer — Tue, 22 Sep 2009 12:22:36 +0000

Guaranty Trust Bank (GTBank) has introduced the first MasterCard-branded Naira-denominated debit cards in Nigeria. Guaranty Trust Bank in a statement said, “This innovation, which is also an ATM card, is fortified with the Chip and Pin technology and linked directly to the customer’s account. It allows the cardholder to withdraw cash from all automated teller [...]

Africa’s Mobile Banking Revolution

Staff Writer — Sun, 23 Aug 2009 17:39:22 +0000

“We have over seven million customers who have registered for M-PESA … Our average transaction is actually less than $40 [£24] – this is the kind of customer we are addressing … But in total we are moving in excess of $8.5m per day.” – Pauline Vaughan, Head of M-PESA, Safaricom Millions of Africans are using [...]

VIDEO: Mobile Banking in Kenya

Staff Writer — Sat, 22 Aug 2009 23:11:21 +0000

Monitise Signs Mobile Banking Partnership with Paynet in East Africa

Staff Writer — Mon, 17 Aug 2009 13:13:43 +0000

Mobile banking service provider Monitise says that it is extending its business further into Africa and the Middle East with a joint venture with Paynet, an electronics payment company. The agreement with Paynet, which has a well-established electronic payment network in Kenya, Tanzania, and Uganda that connects to 35 regional financial institutions, will allow Monitise to [...]