SwaziBank has launched the MasterCard Festive Campaign in Swaziland to reward the banks customers for purchases made on weekends only during the months of October to December 2015, when they use their MasterCard debit card for purchases at selected malls.
Vodafone Group and MTN Group have inked a deal to interconnect their mobile money services. This will enable customers of M-Pesa and MTN Mobile Money in East Africa to transfer money to each other.
Verifone Mobile Money (VMM) and South Africa’s MTN Group have inked an agreement to deliver retail payment devices to merchants across 16 of MTN’s operating countries. The solution will enable customers to pay for goods and services using their mobile phone and MTN Mobile Money wallet, while merchants will be provided with payment terminal solutions from Verifone.
WorldRemit and MTN have signed a global partnership that will enable WorldRemit customers to send remittances instantly to MTN’s Mobile Money customers. The agreement extends WorldRemit’s position as the leading provider of remittances to Mobile Money users (also known as mobile wallets) at a time when the technology is experiencing rapid uptake, especially in Africa.
American Express agrees to distribute MasterCard’s multi-currency Cash Passport card in South Africa. AmEx says the success of the first multi-currency Cash Passport, a co-branded card that AmEx launched with Absa in 2013, has paved the way for AmEx to make the Cash Passport product available through more outlets across South Africa this year. The MasterCard Cash Passport card can be preloaded with up to four currencies (U.S. Dollars, Pound Sterling, Australian Dollars and Euros) at once.
iVeri’s EMV chip-and-PIN mobile payments solution, mPress has been approved by the Visa Ready program. Visa Ready is designed to provide innovators with an easy way to collaborate with Visa and quickly introduce Visa-compliant devices, software and solutions that can be used to initiate or accept Visa payments. As well as being Payment Card Industry Data Security Standard compliant, iVeri’s mPos services are EMV-approved and meet industry standards and best practices for mPOS devices according MasterCard, another major card network.
The SADC Integrated Regional Electronic Settlement System (SIRESS) was successfully implemented in a live environment for South Africa, Namibia, Lesotho and Swaziland. First stage of SADC Payment System project is in production; South Africa, Namibia, Lesotho and Swaziland are live on SIRESS; and benefit to our community of existing investment SWIFT. The first funding instructions between South Africa’s Real Time Gross Settlement System, SAMOS, and SIRESS were processed at 08:12 while the first customer payment was settled at 11:01 and by close of day twelve payments to the value of R 215,814,276.95 had been settled.
The Western Union Company and MTN Group announced the launch of a mobile money transfer service in Uganda, allowing MTN customers to send and receive money across borders using just their mobile phones for the first time. The service, announced today at a press conference in Kampala, marks the debut of an offering from Western…
Visa is now allowing access to secure financial services and electronic payments to consumers in developing countries for unbanked and under-banked consumers with a mobile prepaid account. The globally interoperable electronic payment account will be offered to MTN Mobile Money customers across its markets, first to customers in Nigeria and Uganda. This allows account holders to send funds to each other, send and receive international remittances, make purchases at merchants or online where Visa is accepted or withdraw funds at a Visa ATM.
N&P’s debit card fee-free ATM withdrawals and POS transactions outside the UK, has gone global since it was launched in January 2011, the Society has announced. N&P’s VISA debit card has been used all the way from Afghanistan to Zimbabwe, with hundreds of thousands of ATM withdrawals and point of sale purchases being carried out without any additional fee to the cardholder, resulting in some very important savings for customers. Spain had the highest number of ATM withdrawals in the first six months of 2011, more than three times that seen in France (second highest), with Australia third and Thailand fourth; The average withdrawal of local currency from an overseas ATM was the equivalent of £108.60 in Sterling; The largest average withdrawal of local currency was in Afghanistan with the equivalent of £247.03 for each withdrawal, closely followed by Russia (£237.16), Ivory Coast (£217.87) and Swaziland (£204.66); The smallest average withdrawals were seen in Senegal (£20.25) per withdrawal, Botswana (£25.66), Bosnia (£26.51) and Cayman Islands (£27.06); and The average ATM withdrawal in super-rich Monaco was just £83.48, almost the same as Ethiopia (£82.37).
MTN Group EMEA mobile operator and Western Union global payment services have inked commercial agreements to introduce international mobile remittance services in the 21 countries where MTN operates. This service will allow MTN subscribers to conveniently send and receive Western Union Money Transfer transactions using their MTN MobileMoney accounts, which will first be introduced in Uganda. Uganda receives nearly US$500 million in remittances every year, making up 3% of the country’s GDP. An MTN subscriber who receives a Western Union Money Transfer transaction in his MobileMoney account will be able to use the funds to pay bills or withdraw cash at MobileMoney Agents or any participating ATM.
MTN Group EMEA mobile operator and Western Union global payment services have inked commercial agreements to introduce international mobile remittance services in the 21 countries where MTN operates. This service will allow MTN subscribers to conveniently send and receive Western Union Money Transfer transactions using their MTN MobileMoney accounts, which will first be introduced in Uganda. Uganda receives nearly US$500 million in remittances every year, making up 3% of the countryÂ´s GDP. An MTN subscriber who receives a Western Union Money Transfer transaction in his MobileMoney account will be able to use the funds to pay bills or withdraw cash at MobileMoney Agents or any participating ATM.