• Mastercard launches white paper exploring attitudes and behaviors of consumers and Small, Medium, and Micro Enterprises (SMMEs) in South Africa’s informal sector • Convenience and safety are identified as key alternatives to cash as a preferred form of payment in the informal economy • Study examines how consumers and micro-enterprises can be incentivized for
The majority of users (97%) lost up to USD $1,000 equivalent as a result of these incidents, while 3% of the respondents reported a loss of more than USD $1,000 equivalent According to the Kaspersky (www.Kaspersky.co.za) Digital Payment survey, 37% of respondents from Nigeria experienced financial losses associated with threats when using online banking and
While cash and mobile money remain the dominant payment methods in Africa, they come with significant challenges. Cash is inefficient, insecure, and expensive, while mobile money services often lack the necessary regulatory support to operate independently. However, key emerging trends in the sector are helping to drive meaningful financial inclusion across the continent, notes Mark
Leading global fintech brand, Unlimint, is set to launch its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the CBN. This milestone development authorizes Unlimint to operate as a recognized payment service provider in the region, enabling the delivery of a wide range of payment services and methods that will
Banks are selecting software to maximise the efficiency and functionality of their ATMs Deployers increasingly aware of the advantages of multivendor set-ups Profiling nearly 40 operators across the world, RBR’s ATM Software 2023 study examines some of the key decision-making processes behind ATM software procurement. The study shows that the majority of the banks surveyed
The collaboration with Network enables Polaris Bank to provide low-cost digital solutions on a secured platform, making customer acquisition and digital onboarding seamless. Network International (Network) (https://www.Network.ae), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has renewed its partnership with one of Nigeria’s largest financial service providers, Polaris Bank
The GSMA’s State of the Industry Report on Mobile Money 2023 shows adoption rates are even more significant than expected, with registered accounts, transaction values and deployments exceeding industry predictions. Mobile money services are growing faster than predicted around the globe, as digital services continue to rise in popularity, according to the GSMA’s annual ‘State
E-commerce card purchases continue to gain momentum as pandemic-driven habits remain popular and e-commerce card payments have become increasingly convenient, secure and widely available Online payments account for a fifth of payment card spending RBR’s study, Global Payment Cards Data and Forecasts to 2027, reveals that $8.1 trillion was spent using payment cards in 2021,
By Salomon Erasmus, Regional Head: Strategic Business Development at Network International The South African banking sector remains fiercely competitive with challenger banks and niche lenders intensifying the race. When it comes to securing both the lucrative SMME sector as well as a consumer market more willing than ever to switch, finding ways to curate and
How can banks cope with changes in a challenging environment and what are their options for updating their payment technology? Download the latest White Paper by Aite-Novarica Group to understand the current trends in retail payments. The report evaluates the need for banks to modernize their payment infrastructure by adopting the Cards-as-a-Service (CaaS) model. CaaS
