Mobile Banking News

Nigeria: Interswitch Partners Banks On New Lending Platform


 | Source: This Day; All Africa

Interswitch has intensified plans to boost financial inclusion drive through provision of non-collaterised micro and nano-loans to individuals and SMEs across various channels. The new innovation is design to accommodate multi-channel low-level retail lending without collateral.

Kenya: Digital Financial Products Re-Define Service Delivery


 | Source: Daily Nation; All Africa

Collaboration between microfinance banks and telcos in rolling out products and services that boost financing of micro small and medium Enterprises (MSMEs) is imminent, financial sector players say.

South Africa: Capitec Banks More Earnings As Self-Service Transactions Surge


 | Source: News24Wire; All Africa

Capitec Bank [JSE:CPI] announced on Wednesday that headline earnings for the six months to August 31 2017 grew to R2.05bn, from R1.75bn in the previous comparable period.

Nigeria: CBN Mulls Digital Currency


 | Source: The Guardian; All Africa

Following cautious considerations, the Central Bank of Nigeria (CBN) has commenced arrangement to introduce a digital currency in a move to key into the global adoption of Crypto currency initiative.

Tanzania: Ecobank Tanzania Unveils Two Digital Payment Systems


 | Source: The Citizen; All Africa

Ecobank Tanzania has unveiled two digital payment solutions on Wednesday, September 20, 2017 aimed at easing retail payment.

Tanzania: BoA Launches New Banking APP


 | Source: The Citizen; All Africa

Bank of Africa Tanzania (BoA) has launched a new banking App that will allow customers to make financial transactions through mobile phone for free.

Nigeria: CBN Reviews Limits On Mobile Money Transaction, Balance


 | Source: Vanguard; All Africa

The Central Bank of Nigeria (CBN) has reviewed daily mobile money wallet transaction and balance limit, as well as the Bank Verification Number (BVN) requirement for mobile money wallet holders.

Nigeria: CBN Moves to Protect Fraud Through USSD Banking


 | Source: Leadership; All Africa

With all the banks in the country now having Unstructured Supplementary Service Data (USSD) codes for banking transactions, the Central Bank of Nigeria (CBN) has issued an exposure draft regulatory framework for the use of USSD codes in the country.

Ghana: The Evolution of Digital Banking in Ghana


 | Source: Business Day Ghana; All Africa

Digital or electronic banking (e-banking) is believed to be providing an efficient and more reliable platform for banks and their customers to transact business with ease.

Tanzania: New Mobile Bank Platform to Boost Financial Inclusion


 | Source: Tanzania Daily News; All Africa

CRDB bank has introduced a new mobile bank platform, SimAccount, that operates using mobile phones to simplify banking services.

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