Three Nigerian internet fraudsters who befriended many of their victims on dating sites have been handed down huge sentences by a Mississippi court after making tens of millions of dollars from their schemes. Oladimeji Seun Ayelotan, 30, was sentenced to 95 years in prison; Rasaq Aderoju Raheem, 31, was given 115 years and Femi Alexander … Read more
Top Ghanaian fintech company, expressPay, has introduced a new service on its platform that enables users to transfer money instantly to bank accounts all over Ghana. This service, Bank Direct, allows expressPay users to transfer money from their personal accounts (using their Visa, Mastercard or gh-link), or their mobile money wallets to bank accounts. Bank … Read more
UMB, always at the forefront of enhancing customer experience, has launched instant visa cards to provide customers with UMB visa cards in a matter of minutes. Coming on the heels of an impressive financial performance in the 2016 financial year, the bank is clearly not resting on its laurels and is focused on creating value … Read more
The Universal Merchant Bank (UMB) has reiterated its commitment to provide customers with speed banking to meet their changing need with the introduction of instant visa card. It is believed the move will also provide customers with convenience in banking. Speaking at the launch, the CEO of UMB, John Awuah remarked, “In November last year, … Read more
Shareholders of CAL Bank will not receive dividends with respect to the 2016 financial year. “As a result of the reduced profitability and the need to preserve the capital base of the Bank and ensure compliance with regulatory requirements, the Board does not recommend the payment of a dividend”, Chairman of the Board, Paarock Van … Read more
In support of Ghana’s Vision 2020 goals, Mastercard is committed its support to helping the country to develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa. This was highlighted during a recent discussion between Mastercard and Ghana’s new Vice President, Alhaji Dr Mahamudu Bawumia. With aspirations of becoming … Read more
The United Bank for Africa (UBA), in partnership with MasterCard, has launched the UBA MasterCard that allows customers to do transactions at Automated Teller Machines (ATMs), pay for goods and services and carry out secure web transactions. According to the highly diversified financial services provider, the UBA MasterCard, which was accepted in over 210 countries, … Read more
Airtel, the Smartphone Network and expressPay, Ghana’s leading innovative electronic payments platform have announced a partnership that enables Airtel customers to directly purchase data bundles through the expressPay app. The solution offers Airtel customers a seamless way to purchase data bundles anywhere, anytime through expressPay’s app or website using their Airtel Money wallets, Visa, MasterCard … Read more
The Bank of Ghana(BoG) has announced plans to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa( EMV) chip based cards this year. The move is targeted at reducing fraud in electronic transactions such as debit and credit cards. There have been calls in recent times for the central bank … Read more
The Bank of Ghana(BoG) has announced plans to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa( EMV) chip based cards this year. The move is targeted at reducing fraud in electronic transactions such as debit and credit cards. There have been calls in recent times for the central bank … Read more
The Bank of Ghana(BoG) has announced plans to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa( EMV) chip based cards this year. The move is targeted at reducing fraud in electronic transactions such as debit and credit cards. There have been calls in recent times for the central bank … Read more
The Bank of Ghana (BOG) has inaugurated a Payments Systems Council (PSC) under its Payments Systems Department to help drive the development of efficient and safe electronic payment systems in Ghana’s financial sector. The nine-member council is an advisory body composed of stakeholders in the payments systems sector. It would provide information and advice to … Read more
As part of efforts aimed at enhancing Ghana’s drive to attain a cash lite economy, Zenith Bank Ghana has partnered with MasterCard to launch the Zenith bank MasterCard credit, debit and prepaid cards. The electronic chip-based smart cards will allow customers to make withdrawals from all over the world and also pay for goods and … Read more
As part of efforts aimed at enhancing Ghana’s drive to attain a cashlite economy, Zenith Bank Ghana has partnered with Mastercard to launch the Zenith bank Mastercard credit, debit and prepaid cards. The electronic chip-based smart cards will allow customers to make withdrawals from all over the world and also pay for goods and services. … Read more
Barclays bank has launched two credit cards as part of measures to improve service to its customers. According to bank, it launched the cards as a result of a survey it conducted to identify the important needs of its customers. The cards are the Platinum and Classic credit cards. Speaking to Citi Business News after … Read more
Universal Merchant Bank (UMB Bank) has announced the introduction of three additional VISA cards to give its customers more options in carrying out their transactions. As one of Ghana’s most customer-centric banks, UMB Bank partnered with Visa Inc. in April 2015 to introduce the UMB VISA Classic debit card. A year later, UMB Bank has … Read more
Universal Merchant Bank (UMB Bank) on Thursday, introduced three additional VISA Cards to give its customers more options in carrying out their transactions. The new VISA Cards are UMB VISA Prepaid Card, the UMB VISA Business Card and the UMB Platinum Card. As one of Ghana’s most customer centric banks, UMB Bank partnered with Visa … Read more
Credit card users are being warned about rising interest rates and fees, which could add hundreds of pounds to a borrower’s annual costs. Moneyfacts.co.uk said some card issuers had moved to offset EU caps on how much they can charge merchants for card transactions by adding to a card holder’s costs instead. It charted the … Read more
A German tourist, Heike Stille, is in a state of shock after being repeatedly stabbed in the arm and neck by an unknown assailant at the Coco Beach in Accra on Sunday. Her attacker, she claimed, pounced on her at the washroom of the beach resort and succeeded in assaulting her with a screw-driver. Stille … Read more
The Bank of Ghana is to soon come out with revised regulations on Ghana’s mobile financial service sector. It follows what the central bank views as the significant contribution of the current Electronic Money Issuers Guidelines passed in 2015. According to the Second Deputy Governor of the Bank of Ghana, Dr. Johnson Asiamah, the revised … Read more