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GSMA projects one billion mobile subscribers in India by 2020

India is expected to see a significant uptake in mobile subscriptions, broadband and connectivity by 2020, marking a period of rapid development of the country’s mobile economy, according to a new GSMA Intelligence study published today.

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WorldRemit commends restoration of money transfers to Nigeria

WorldRemit, the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit and other international money transfer operators (IMTOs).

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MoneyGram recognised as trusted money transfer provider in Nigeria

MoneyGram (MGI) announced the continuity of its operations in Nigeria.

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Prasac launches remote banking services using TranzWare from Compass Plus

Compass Plus, an international provider of retail banking and electronic payments software for processors and financial institutions, has announced that the largest microfinance institution in Cambodia, PRASAC, has launched Internet and mobile banking services using TranzWare from Compass Plus.

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Société Générale sends group innovation finalists to incubater

Société Générale today announced the results of its first Group innovation challenge in Africa on the theme of “customer satisfaction”.

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Rabobank Norfund and FMO partner for African growth

Norfund, FMO and Rabobank have entered into a partnership to reaffirm their long-term commitment to Africa’s future development, growth potential and the local financial sector.

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Nigeria clamps down on money transfer operators

The Central Bank of Nigeria (CBN) wishes to advise Nigerians at home and in the Diaspora to beware of the unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria.

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80% of merchants in Indonesia will be able to accept UnionPay cards next year

UnionPay International signed comprehensive cooperation agreements on August 2 with the top three Indonesian acquirers to expand its acceptance footprint in the market.

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Diamond Bank improves ATM experience with CR2

CR2 and Nigeria’s Diamond Bank have been working closely to raise the stakes in ATM banking in the country, having just released the next generation of ATM banking services into the market.

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African banks losing their share of payment space - report

Traditional banks are poised to lose as much as 50% of their ownership of the payment space by the end of 2016.

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House of Lords makes finacial exclusion call for evidence

The House of Lords Committee on Financial Exclusion has today published its call for evidence and is asking interested parties to submit their evidence by 14 September.

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ALTX East Africa launches in Uganda

Today, ALTX East Africa Ltd goes live with its high tech exchange.

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