Zenith Bank Ghana, one of the leading financial institutions in the country, has initiated an innovative product dubbed Z-Web, verified by Visa, towards creating value for stakeholders in a cashless transaction of businesses. Z- Web is a service product to provide the enhanced security platform for online transactions, which consumers can now shop or make secure online payment without fear of compromised security.
Speaking in an interview with the Business Chronicle, the Chief Executive Officer (CEO), Mr. Daniel Asiedu, observed that web acquisition was one of the technological innovations being used in developing countries as a platform to facilitate online transactions. He said the Z-Web would be serving only visa cardholders, and also only platinum debit, classic credit, classic debit and classic prepaid holders would have the opportunity to make business transactions easier, timely, and safer with the Z-Web services. Touching on the challenges anticipated towards the service products, Mr. Asiedu explained that, “it is only when people will defeat the purpose by not using the services of Z-web. But, for now, I think that we need to develop our part of the world. For instance, if you see something on the net, all you have to do is to purchase it with your visa card, and it will be delivered to your doorstep.”
He cited that the bank believes in using technology to deliverer products and services to clients in their homes. “I just want to encourage people to use these new services without any fear.” Mr. Asiedu called on all businesses to sign on to the Z-Web, as well as customers to apply for Zenith Visa classic, so as to experience a new level of online shopping confidence and security protection similar to what obtains in face to face business transactions. “Zenith Bank is committed to identifying the expectations of the customer, and finding ingenious ways to exceed them. You will agree with me that competition in the banking industry is already keen. We can no longer rely on yesterday’s technology for tomorrows needs,” he added. It will be recalled that the bank launched Z.Com, a unique revolutionary business and banking solution, developed in partnership with Google, for small and Medium Enterprises (SME’s), also the first of its kind in Ghana and the West African Sub-region.
Orange Telecom and Visa Incorporated February 29, 2012 announced that Orange Money customers in Africa and the Middle East will soon have access to Visa prepaid account features inside their Orange Money accounts. Both made the announcement at the Mobile Congress in Barcelona, Spain. This will bring a significant step in Visa-quality payments to consumers in developing markets, they said. The service enables Orange, in partnership with financial institutions, to offer Visa prepaid account services on mobile phones to unbanked and under-banked consumers, both said in a statement.
By Ekow Quandzie
The mobile health (mHealth) market’s worth is predicted to reach $23 billion in terms of revenue by 2017, according to a new report released by the GSM Association (GSMA) February 15, 2012 as Africa is predicted to make a revenue of $1.2 billion by that year.
The GSMA says this milestone must be driven by mobile technology which will play a significant role in the provision of healthcare services globally. The findings are from a new report, ‘Touching Lives through Mobile Health: Assessment of the Global Market Opportunity’, conducted by PwC for the GSMA. The report looks at the key challenges the healthcare
industry is facing worldwide and the opportunity mobile technology provides in overcoming these challenges.In terms of the market opportunity, the GSMA said the research found
that the provision of pervasive mHealth services and applications worldwide could provide mobile operators with revenues worth approximately $11.5 billion by 2017 while “device vendors could benefit from a revenue opportunity of $6.6 billion, content and application providers $2.6 billion, and healthcare providers $2.4 billion by 2017.”
The report noted that Europe would become the largest mHealth region by 2017 with revenues of $6.9 billion followed by Asia Pacific with revenues of $6.8 billion. North America could account for $6.5 billion, Latin America $1.6 billion and Africa $1.2 billion, it added.
For individual countries, the United States, according to GSMA could benefit from revenues of $5.9 billion – accounting for a quarter of the global mHealth market by 2017, and revenues in China and Japan could reach $2.5 billion and $1.4 billion respectively. To enable this opportunity, the report urged governments, regulators and healthcare providers “to work w ith mobile operators and organisations in the broader mHealth ecosystem, including device vendors
and content and application players, to support the roll-out and adoption of new mHealth services.”
“By 2017, mobile technology will be a key enabler of healthcare delivery reaching every corner of the globe,” said Jeanine Vos, Executive Director, mHealth at the GSMA.
By Ekow Quandzie
via Africa to generate $1.2b revenue from mHealth by 2017 – GSMA Report.