TBD and African FinTech Chipper Cash partnered to facilitate B2C and B2B cross-border payments across 40 African countries. Chipper Cash has integrated with TBD’s open messaging protocol, tbDEX, to power cross-border payments and decentralized identity use cases, the companies said in a Tuesday (May 14) press release. “Across Africa, the challenges of currency liquidity and
Nikki Kettles, Executive: Licences and Payments Regulation at Mukuru Financial inclusion is vital to bringing millions of unbanked and underserved communities in Africa into the mainstream economy. This doesn’t just benefit the communities; it has a knock-on effect on economies, regions, and the continent. Financial services are tightly regulated, and this presents a challenge for
Digital currencies, along with digital asset infrastructures like blockchain and unified ledger technologies, are consuming the attention of central banks around the world. New central bank digital currencies (CBDC) pilots emerge almost monthly. Despite regulators’ fascination with these technologies, local banks remain fairly cautious about their adoption. The reasons for this cautious approach vary, but
Flash Group, a prominent player in digital payments and financial services and Ecentric, a leading payment solutions provider, have joined forces in a new strategic partnership set to transform the payment landscape in South Africa. Together, they will focus on expanding access to financial services, particularly through the integration of 1Voucher—a prepaid payment voucher that
Originally published here. Stanchion, a global Payment Technology company and a pioneer of Payment Fabric, announced today that it has joined the PCI Security Standards Council (PCI SSC) as a new Associate Participating Organisation. Stanchion will work with the PCI SSC to help secure payment data worldwide through the ongoing development and adoption of the
Banking specialists gathered on October 3rd in Nairobi to discuss the transformation of Africa’s payment landscape at an event organised by banking service provider Tietoevry. Participants from the Central Bank of Kenya, Co-op, NCBA, M-Pesa, KCB Bank, Kenswitch, Stanbic Bank, and others were in attendance. The overarching theme of the event was that Africa’s payment
Fintech SA has revolutionised the landscape for startups and small businesses that, two decades ago, had limited options for processing transactions, with cash being the only option for many. Startups by their very nature also lacked credit histories, making it difficult to apply for finance and leaving them vulnerable to unaffordable loans when seeking financial
Mastercard and Amazon Payment Services have signed a multi-year commercial partnership agreement to digitize payment acceptance in Middle East and Africa, across countries including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, South Africa and UAE. As part of the collaboration, the leading payment service provider (PSP) will adopt Mastercard Gateway – a single touchpoint for
Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. Kazang Pay makes it affordable for merchants to accept card payments on the same Kazang terminal they use to sell prepaid products and services. The Kazang Pay enabled
Originally published here. A customer’s worn-out debit card has just expired. Ordering a new card is the moment the customer has been dreading. Between the expected branch visits, identity verification and long delivery times for the replacement card, it’s a time sponge. That’s why digital-first customers are looking for a different experience. If customers switched
