By Mxolisi Msutwana – Chief Operating Officer at Baxi All around the world, governments are trying to encourage cashless payments. Their reasons for doing so are multiple, including expanded financial inclusion and transparency, wanting to formalise the informal economy, and to drive economic growth and innovation. Nigeria is no exception. By the end of 2022,
OMCs can now track and reconcile transactions easily, increasing their operational efficiency by 50% Tingg by Cellulant In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement. This advancement allows OMCs in the country
By Harsha Maloo, Head of Payments at Synthesis In the rapidly evolving landscape of cross-border payments, one trend stands out as a game-changer: the migration of SWIFT (Society for Worldwide Interbank Financial Telecommunication) into the ISO 20022 standards. This shift impacts global banks and holds significant potential for transforming the way we conduct international transactions. With
Payments as a Service provider, Network International (NI) is excited to announce that it has been appointed as a digital payments technology partner to Vodacom Financial and Digital Lifestyle Services. This means it will provide a fully managed service offering. The NI omni-channel digital payment capabilities will allow card holders to pay anywhere in multiple
Modern point of sale solutions with smart value adds can make a significant difference to small business growth and customer engagement, explains Gareth Corbishley, Commercial Lead at Halo Dot. Most businesses, when faced with the point of sale (POS) conversation, get inundated by potential solutions. It’s a minefield of acronyms, lingo, and depreciating hardware. In
The Bank of Mauritius (Bank) wishes to draw the attention of the public regarding the misuse of debit cards and One-Time Passwords (OTPs) for internet banking and online transactions. These cases relate to a form of money laundering known as “money muling”. Money muling is a criminal activity whereby fraudsters (usually phishers) entice people, often
Ecobank, the leading pan-African banking Group, through its representative office in Ethiopia, has partnered with Ethiopia’s Dashen Bank to enable Ethiopians living in the diaspora, specifically Europe, to send money instantly to any Dashen Bank account, other local bank accounts, mobile money wallet and cash pick up using Ecobank’s Rapidtransfer International app (RTI). The cross-border
• Stanbic Uganda selects IBM to help build banking-as-a-platform services. • The shift enables Stanbic Uganda to meet growing customer expectations in line with global trends. Stanbic Bank Uganda Holdings Limited (Stanbic Bank Uganda), Uganda’s largest commercial bank by assets with over three decades of serving the market, has selected IBM’s (NYSE: IBM) Cloud Pak
CR2 the global digital banking and payments platform has again further improved its position as a Technology Leader in Quadrant report on Digital Banking Platforms 2023. The report summarizes different vendors capabilities, competitive differentiation and market position. Commenting on the recognition, Kieran Kilcullen, Chief Commercial Officer, CR2, said, “We are delighted to receive this recognition
By launching these cards, Access Bank has improved its overall offering to its retail and private bank customers In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the first American Express
