Account-to-account (A2A) payments are an online payment method that allows you to directly transfer money from one account to another without using third parties or alternative payment intermediaries, such as cards. Account-to-account payments aren’t new; they have been around since the 1970s. They are usually in the form of direct bank transfers at traditional financial
Africa’s payments ecosystem has undergone significant transformations in recent years, driven by technological advancements, changing consumer behaviour, and the evolution of fintechs. In this evolving landscape, Interswitch Group, one of the continent’s leading integrated payments and digital commerce companies, has reinforced its longstanding partnership with ACI Worldwide, a global leader in real-time payments software, to
In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travellers and diaspora communities by providing secure and convenient means
By Nicole Dunn, Co-founder and COO of Precium CrowdStrike, a leader in cybersecurity solutions, experienced a major service disruption due to a technical glitch in their cloud-based infrastructure. This unexpected downtime lasted for approximately 14 hours, leaving numerous businesses grappling with the fallout. Payment processing services were among the hardest hit, as many financial institutions
Mastercard has collaborated with Premier Bank, a Sharia-compliant commercial bank in Somalia, to launch Premier Payment Gateway, a digital payments platform that enables Somali businesses to accept international card payments for online purchases. This groundbreaking initiative is expected to significantly expand market reach, increase revenue for local businesses, and contribute to the growth of Somalia’s
FY24 momentum fueled by new clients, technology innovation, and strategic partnerships sets the stage for 2025 and beyond Entersekt, The Financial Authentication Company, announced today that it achieved unprecedented growth in its 2024 fiscal year, driven by the continued adoption of its innovative authentication solutions. Financial institutions worldwide are increasingly choosing Entersekt as their partner
By Quintin van der Linde, Head of Business Development & Don Lange, Partner Manager at Ecentric Payment Systems Even as more retailers turn to setting up online storefronts to extend their presence and cater to shoppers looking for convenience, the majority of South Africans still prefer to shop at physical stores, and retailers are looking
The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given the history of the financial brand and its legendary relevance to the growth of enterprises, within and outside Nigeria. In its usual creative conjecture, 13O-year-old FirstBank, has hit the airwaves and other
I&M Bank has collaborated with Mastercard to launch the new Business Credit Card proposition, a comprehensive financial tool designed to help businesses manage day-to-day expenses more effectively and support global operations. This initiative marks another longstanding engagement between I&M Bank and Mastercard. The Business Card proposition comprises the Business Credit Card and the World Business
Liquid Thought is proud to have been engaged by Stanchion to reimagine its website and design a new modern online experience along with a brand refresh explainer video for their B2B PayTech business. Stanchion founded in Cape Town 23 years ago has developed into a global business with offices on five continents. Stanchion sought a
