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In 2002, the Islamic investment bank merged with the conventional bank, resulting in the loss of its Shariah-compliant status. [4] This decision was driven by management choices rather than shareholder demands and led to a significant decline in deposits, from Rs31.9 billion in 2001 to Rs24 billion by the end of 2002, representing a 23 percent drop. [4]
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
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Peer-to-peer payments platform Zelle is shifting users away from its stand-alone mobile app in favor of using the platform via banking apps, Zelle's parent company said on Thursday. Zelle, a ...
JVL Ventures, LLC d/b/a Softcard (formerly Isis Mobile Wallet), was a joint venture between AT&T, T-Mobile and Verizon which produced a mobile payments platform known as Softcard, which used near-field communication (NFC) technology to allow users to pay for items at stores and restaurants with credit and debit card credentials stored on their smartphones.
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Paystack launched a payments solution integrated with E-commerce platform Shopify to allow more African retailers to sell their goods on the platform in 2016. [10] It was selected as the preferred payment partner of open-source eCommerce solution WooCommerce in 2021. [11] It launched Pay with Apple Pay on its platform in 2021. [12]