Absa launches first-of-its-kind augmented reality card game offering prizes and giveaways to customers and non-customers with incentives for transactional and credit card account take up. What is a bank card? Is it simply a card or a bridge to benefits, a stepway to the day-to-day amenities or a highway to the attainment of life’s greater
Africa’s largest bank by assets, Standard Bank, and one of the world’s leading banks, the Industrial and Commercial Bank of China (ICBC) have renewed their strategic cooperation partnership for another five years. The partner institutions continue to lead the Africa-China trade and investment markets, jointly providing unequalled expertise and capabilities to individuals and businesses trading
Over 1,400 Fintech startups from 64 countries across Africa and beyond applied for this year’s Ecobank Fintech Challenge with eight of them making the cut to the final where they will compete for the ultimate prize. This is the sixth edition of this international competition, with the highest number of applications on record. Ecobank Group,
Swift today announced strong progress toward goals set by the G20 for enhancing cross-border payments, reporting that 89% of transactions processed on its network reach recipient banks within an hour. That’s already well ahead of speed targets set by the Financial Stability Board to achieve one-hour processing for 75% of international payments by 2027. The
As of August 2023, Shoprite customers will now be able to purchase non-food items using leading digital credit provider, Mobicred. The fully digitised system will give shoppers access to credit offerings via their Money Market accounts, enabling them to pay off higher ticket items over a period of up to 12 months. Commenting on this
Financial Software & Systems Pvt Ltd (FSS), a globally leading provider of payments technology solutions has announced the launch of ‘BLAZE’, an advanced payments technology platform, designed to meet the diverse needs of banks and financial institutions. Using BLAZE architecture, for instance, the FSS Payment Gateway can process more than 5000 transactions per second. BLAZE
Paycorp, a leading provider of payment solutions, has been licensed as a direct clearing system participant by the South African Reserve Bank (SARB). This means Paycorp can now acquire payment transactions directly into the National Payments System through BankServ Africa and internationally through its principal memberships with Visa and MasterCard. As an independent non-bank participant
South African bank Nedbank is committed to prioritizing its product development to suit the needs of its personal and small business clients. To make banking services more inclusive and accessible, the bank worked with AWS Advanced Consulting Partner Synthesis to develop a software-based point-of-sale (POS) system. The solution, built on Amazon Web Services (AWS), can
Mastercard has collaborated with the Zanzibar e-Government Agency (eGAZ) to support and accelerate its ambitious digital transformation journey. This will allow different sectors across the Zanzibar islands, including tourism, to digitize payments which will significantly contribute to robust economic growth. The signing of the Memorandum of Understanding (MoU) took place at the launch of the
Leading tech and financial gateway service provider PAYM8, announced the expansion of its e-commerce offering. This comes in response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027. As consumers increasingly value the convenience, time savings, and
