The funding will be used to continue building out its end-to-end payments solutions and expand to additional markets Payments infrastructure company Stitch today announced a $25 million Series A extension, led by Ribbit Capital, bringing the total raised to $52 million. Stitch will use the funding to continue building its end-to-end payments solutions – designed
By Joel Bronkowski, Country Lead, South Africa at Paystack With South Africa’s online retail space now worth more than R50 billion and growing continuously, the sector is only going to become more competitive. That’s true for online retailers of all sizes too. At the top of the market, online-only players that have long been dominant
Payment card spending increased by 1% in 2022 as growth in credit and prepaid volumes counteracted a fall in debit card expenditure Post-pandemic recovery drove overall growth in global purchase volume A brand-new report by RBR Data Services, a division of Datos Insights, reveals that growth in purchase volume in 2022 was driven by increasing
Mastercard and Equity Bank Uganda signed a memorandum of understanding today aimed at improving financial inclusion for digitally excluded individuals, communities, and businesses in Uganda. Equity Bank intends to leverage Mastercard’s Community Pass solution to: • Issue financial inclusion cards that will serve as an online and offline store of value, enabling individuals to securely
Scan to Pay, Powered by Ukheshe, has partnered with Xion Global to offer crypto payments on the Scan to Pay app. Scan to Pay, powered by Ukheshe, is the largest QR ecosystem in South Africa and is used by more than 600,000 vendors, 14 banks and fintech companies and 94 payment service providers. Now, this
From surviving to thriving in the post-COVID world, small and medium enterprises (SMEs) in Kenya have demonstrated optimism and confidence about the next 12 months. These are the findings of the second edition of the Mastercard Eastern Europe, Middle East and Africa (EEMEA) SME Confidence Index. The 2021 inaugural SME Confidence Index delved into the
On Wednesday 20th September, Executive Head, Retail Banking Mr. John Adamah was a guest on GTV’s ‘Market Avenue’ hosted by Maurice Ogbete to speak on GCB Bank’s 70th anniversary celebrations. Mr. Adamah began the conversation by answering questions on GCB Bank’s contributions to the socio-economic development of Ghana over the last 7 decades. He spoke
UnionPay International (“UPI” or “the Company”) has announced that 170 international wallets can now be directly used at merchants that accept UnionPay in China, offering a truly borderless payment experience for global cardholders. This brand new change brought by UPI’s rapid expansion of its cross-border business massively enhances the payment experience for global travelers in
Global technical body EMVCo has released the draft EMV® Click to Pay Customer Experience (CX) Guidelines for public review and feedback. The draft guidelines aim to support merchants, payment service providers, product owners, developers and CX designers in simplifying online checkout and making it more consistent, convenient and secure. This can help merchants to reduce
ACI Worldwide, a global leader in mission-critical, real-time payments software, today announced a collaboration with Microsoft to help financial institutions and technical services enable instant payments transactions faster through ACI’s Real-Time Payments Cloud (RTPC) platform. Hosted in the Microsoft Azure environment, ACI RTPC is a multi-tenant SaaS platform that provides a payments interface between financial
