Mastercard partners with Vodacom to introduce first online card in Tanzania

Equity subsidiary eyes rival banks with e-commerce payments link

Equity Bank’s tech subsidiary is providing its payment platform to rival banks as it seeks a larger share of the e-commerce and remittances markets.
The subsidiary, Finserve, is looking to offer its platform and network of business partners to other lenders now that the firm is operating independent of Equity Bank.
Finserve has already integrated its platform with payment providers that include Alipay, established by Alibaba, Tencent’s WeChat, MasterCard and Visa, allowing it to process online payments across continents.
It is also working with other financial services providers to merge payment options in East and Central Africa on to one payment platform, accessible through mobile apps and online sites.
Finserve has so far signed up three banks to its platform, including Mayfair Bank, reflecting its shift to an independent company with own board and management.
Under the pact, it will share revenues with the lenders and businesses enroled to its platform.
“We are telling other banks and businesses that they need not set up their own costly payment infrastructure. We have done it for them and have the experience,” said Finserve managing director Jack Ngare, adding that Equity Bank is now its client.
Finserve had been behind innovations such as Equitel, Equity Bank’s mobile virtual network operator.
READ: Equity unit banks on tech to outpace competitors
Equitel had 1.93 million subscribers in March of the 42.8 million subscribers and moved Sh290.2 billion in the three months to March, accounting for 22.4 per cent of Kenya’s Sh1.29 trillion mobile commerce transactions.
Mr Ngare said the merged payment options for the region would mean people would not have to sign up for all the telecoms companies and banks services just to allow customers to pay into their business. “If you are a businessman doing business in, let’s say, Tanzania and you want to move to Uganda, then you can ... use our platform as soon as you land in Uganda to accept payments,” he said.
“One of my customers, who does a lot of Sino-Africa trade and he used to carry cash all the way to China to purchase goods, but now ... he is able now to push money back and forth,”Mr Ngare told Reuters recently, adding that the company has ambitions to expand beyond East and Central Africa into other African countries such as Nigeria and South Africa.
 
jamani hivi naweza link vodacom MasterCard na PayPal account yangu?

msaada wajuzi wa mambo
 
kennedy0000 said:
Visa
Assets - $68 billion
Revenue (2017) - $18.4 billion
Employees - 15,000

Mastercard
Assets - $21.3 billion
Revenue (2017) - $12.5 billion
Employees - 13,400

Visa Inc. - Wikipedia.
Mastercard - Wikipedia
Click to expand...


Kama hizi data ni sahihi, these numbers tell us the biggest here is MASTERCARD not VISA

Returns Asset Asset turnover
VISA 18.4 68 27%
MASTERCARD 12.5 21.3 59%


Numbers shows that Mastercard has assets with capacity to return to its owner twice as much compared to VISA. In other words VISA has assets similar to ELEPHANT in size but results are similar to ants (sisimizi).
 

Do you make an extra effort to be stupid?

Since when did return on investment become a measure of net worth?
Even without going far, there are many companies here in Kenya that have a better return % than Apple. Does that make them bigger than Apple?

Bongolala wewe.

Also, Amazon and Tesla have probably the world's worst return %.
Amazon has even been consistently making losses. If your Azam makes a profit today, does that make it bigger than Amazon or Tesla.

Wacha kutumia kichwa kama kifuniko cha shingo.
 
It seems what you are good at is matusi.... na sio hoja... Wingi wa asset kama standing alone figure sio kigezo cha kupima ufanisi wa kampuni kwa investor, kuwa na asset s nyingi its not a big deal coz they same can be financed by heavy loans with little returns...
 

Go back to school. I doubt you've ever entered an economic class.

Today I can open a small shop and in one year make a bigger profit than Kenya Airways.
Since my assets have given me a better return, my shop is now bigger than Kenya Airways according to you.

Maneno ingine hutoka kwa midomo ya watu ni ya kushangaza sana.
 
Naona hii huduma iko vizuri.Nimefanikiwa kulipia bidhaa online Ebay na AlliExpress
 
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