Tag: South Africa
The GAAFers
BRIC, MAVINS and PIIGS Back in 2003 the acronym BRIC was used by Goldman Sachs when talking about the economies of Brazil, Russia, India and China combined. The report speculated that by 2050 these four economies would be wealthier than most of the current major economic powers. In 2010, the Business Insider used the acronym…
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FNB eWallet gets a boost
Yet more positve news about the prepaid market in South Africa; this time regarding eWallets. First National Bank’s eWallet has seen a 133% jump in growth for the month of December 2011, processing over R140 million in money transfer transactions as compared to R60 million in December 2010. “Every festive season since its launch, eWallet…
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Banks chase R29bn prepaid-card market in SA
I’m off to Cape Town next week to meet some of the key players behind the growth of Prepaid in the region. In South Africa we haven’t got to the point yet where local celebrities are clamouring to get their names branded on prepaid cards, but it is a market that is showing so much…
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Moneystar appoints Citi Prepaid Services in South Africa
Citigroup, through its Global Transaction Services unit, announced that Citibank, N.A., South Africa Branch, has signed an agreement with Moneystar, a financial services provider based in South Africa. Under this arrangement, Moneystar has started disbursing micro loans to eligible loan applicants using Citi’s Visa® Prepaid Card.
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