Austin-based Mozido is acquiring a majority of NettCash, a Zimbabwe mobile wallet company. The NettCash pre-paid electricity solution is being extended by integrating Mozido’s Mobile Transaction Platform services, including mobile bill pay, stored value account, and person-to-person payment services, to launch Zimbabwe’s first mobile wallet that includes prepaid utility services.
Zimbabwe’s Steward Bank has rolled-out the first MasterCards in the country. The new MasterCard World Rewards credit and debit cards are targeted at cosmopolitan customers.
Zimbabwe’s Steward Bank is working with MasterCard to make international remittance services available to the bank’s more than 1.5 million account holders.
The African Development Bank (AfDB) and MasterCard partnered to expand financial inclusion across Africa and develop solutions that drive inclusive growth, broadening access and usage of digital financial services. MasterCard brings proven expertise to design and scale inclusive financial services solutions and infrastructure. The AfDB actively promotes sustainable economic growth and poverty reduction in Africa. Together they will work with African governments and local private sector companies to develop and deliver affordable services that meet the needs of a wide consumer base, especially the traditionally unbanked. This is meant to drive inclusion at a country level and enable service delivery on educate on financial inclusion and economic development.
Ingenico mobile money software vendor will now deliver mobile money solutions in Africa to address the specific mobile money demands of the continent with the objective to establish secured electronic transaction infrastructure which will drive financial inclusion in Africa. Tagattitude’s mobile money platform, TagPay, supports a full range of financial services such as account management, money transfer, retail transactions, airtime, payroll services, e-commerce, bill payments, and gift vouchers. Combining Ingenico’s leading experience in the payment industry with Tagattitude’s complete and adaptable mobile money platform, it is now possible for banks, telcos, Payment Service Providers, or other financial institutions to transform any customer’s phone into a secure transaction tool.
FBC Bank Limited announced that they are introducing the MasterCard Prepaid card to members of the Zimbabwean Association of Chartered Certified Accountants (ACCA). The FBC-ACCA MasterCard Prepaid card will provide Zimbabwean accounting professionals with the ability to transact safer, easier and more conveniently, by introducing an innovative electronic payment solution, thus removing the need for cash. ACCA members do not require a bank account to apply for the prepaid card, and will be able to pay tuition and exam fees, monitor their balances, track spending and download statements via the FBC Bank online portal.
NMB Bank Limited (NMB) has signed an agreement to migrate its Visa credit card portfolio to TSYS “Prime 4” licensed card and merchant management solution. NMB will use “PRIME” 4 to manage its cards issuing and cash acquiring as it seeks to expand its range of card services for consumers and businesses. The “PRIME 4” solution is a multi-lingual, multi-currency, multi-institutional and multi-product, single platform solution for issuers and acquirers.
Barclays Africa, which comprises 22,000 employees, selected the innovative role management system to centralise, link and manage all their diverse role information across the organisation. The solution also provides a careers website for accessing the information to its staff across 10 countries. Built on Force.com, salesforce.com’s social enterprise platform for building employee-facing cloud apps, the solution also provides a custom career development site and employee portal, which is automatically updated with the latest information from Role Manager. Barclays Africa can access the solution from any location through an internet browser, eliminating the need for costly hardware investment, software installation and subsequent updates.
ElectraCard Services (ECS) software solutions for electronic payment systems signed an agreement with FBC Bank to provide an end to end processing for its MasterCard debit and prepaid cards. With this, FBC Bank will be the first domestic bank to issue MasterCard® debit and prepaid card in Zimbabwe, since the introduction of multi-currencies. ECS is a preferred processor for Prepaid for MasterCard in whole of Africa, Middle East and Asia-Pacific and will handle complete processing of the debit and prepaid cards right from applications, card and accounts, transactions, billing, statements, payment and dispute resolution.
NetOne network operator is deploying Gemalto’s “LinqUs” solution for Mobile Money Transfer, which comprises of the server, user application, as well as system integration services. Marketed as the “OneWallet” service for the underbanked, “LinqUs” works on 100% of the handsets and will enable all NetOne subscribers to perform secure and convenient money transfer using their mobile phone. Its interface lets subscribers make secure and easy peer-to-peer money transfers, pay every-day bills and top up their prepaid phone cards. It alsolets NetOne’s customers to have their salaries paid directly onto their phones – an innovative feature that greatly empowers the unbanked with a secure and convenient digital wallet solution.
The government has arrested six smart card hackers on behalf of
MultiChoice Africa which beams DStv programmes across Africa. MultiChoice
Zimbabwe is the local franchise holder. The company launched a campaign to
educate Zimbabweans about the dangers of using pirated cards. Purchasers of
the counterfeit smart cards have been given up to the end of this month to
surrender them to the company.