je.st
news
Tag: money
Ghana to require mobile money licence for non-banks
2015-07-09 11:16:00| Telecompaper Headlines
(Telecompaper) Ghana's central bank (BoG) has introduced a new set of guidelines for telecommunication companies engaged in mobile money services. They will have up to six months to establish a separate business entity to handle their electronic money services. Under the guidelines, which became effective on 06 July, non-banks that have previously been offering mobile financial services in partnership with banks must apply within six months of the guidelines coming into effect for a licence, in order to conform to the new framework. The objective of the latest guidelines, the Bank of Ghana said, is to "ensure that electronic money is only provided by a financial institutions regulated under the Banking Act, or duly licenced non-bank entities which are engaged solely in the business of e-money and activities related or incidental to the business of e-money, and which are regulated and supervised by the Bank of Ghana". Three of the six mobile operators in Ghana - MTN, Airtel and Tigo - are involved in the mobile money business, which has grown from a transaction value of GHS 2.4 billion in 2013 to GHS 11.6 billion last year. The new regulation will mean that MTN, Tigo, and Airtel have a 06 January 2016 deadline to conform to the BoG's requirements.
Tags: money
mobile
require
ghana
3 mutual funds were fined for charging clients too much money
2015-07-08 13:59:58| Apparel - Topix.net
Wells Fargo , Raymond James and LPL Financial have been fined more than $30 million combined for overcharging clients on Class A shares from July 2009 through 2014. Investment News reports, "The firms either passed along the charges improperly or put investors into Class B or C shares, which come with high back-end and ongoing fees."
Tags: much
money
clients
funds
How Much Money Do Private Real Estate Fund Managers Have?
2015-07-07 15:00:00| National Real Estate Investor
Research firm Preqin estimates that fund managers with closed-end private real estate funds currently have $245 billion at their disposal, the highest amount on record. We look at the breakdown of the figures. read more
Tags: have
real
private
estate
California water rates rise as cities lose money in drought
2015-07-06 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
KPCC: Saving water doesn't always mean saving money in parched California. Millions of Californians expecting relief on their water bills for taking conservation measures instead are finding higher rates and drought surcharges. Water departments are increasing rates and adding fees because they're losing money as their customers conserve. They say they still have to pay for fixed costs including repairing pipelines, customer service and enforcing water restrictions -- and those costs aren't decreasing....
Tags: money
water
rates
california
Elburn could get money for bike bridge in forest district deal
2015-07-03 06:58:27| Railroads - Topix.net
Elburn will allow the Kane County Forest Preserve District to relocate one of its departments into the village if the district helps pay for a bicycle bridge over the Union Pacific Railroad tracks. The village board is due to vote Monday to allow the district to buy the former 18-acre Patten Rental business at 1001 S. Route 47 and use it to house its natural resources department.
Tags: money
deal
district
bridge
Sites : [132] [133] [134] [135] [136] [137] [138] [139] [140] [141] [142] [143] [144] [145] [146] [147] [148] [149] [150] [151] next »