Visa Foundation expects to commit more than $5 million to expand equitable access for women in Africa Today Visa Foundation announced that it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy. The Foundation investments were made in connection with United States Vice
With momentum building, EthSwitch joins hundreds of organizations that are already using Mastercard Send™ to speed up and improve fund transfers for billions of people in 100+ markets. EthSwitch will leverage Mastercard’s global network and digital payments capabilities to allow fast and secure transfer of funds. EthSwitch, Ethiopia’s national payment switch has signed a Memorandum
The Development Bank of Southern Africa (DBSA) is pleased to announce that Ms Boitumelo Mosako assumed office as its new Chief Executive Officer and a Director of the Bank’s Board of Directors effective 1 April 2023. The appointment and handover process which kicked off in February 2023 has gone seamless, led by the Board with
EMVCo, the FIDO Alliance and the World Wide Web Consortium (W3C) have renewed the charter for the Web Payments Security Interest Group (WPSIG) for a further two years. Formed in 2019, the charter renewal will enable the organisations to continue collaborating to enhance the security and interoperability of web payments to support seamless e-commerce checkout experiences. The renewal follows
The growth of application programming interfaces (APIs) continues unabated. However, as new regulations like PSD3 gather momentum, the call for API standardisation could be the next catalyst for an innovation leapfrog. And South African businesses who place designing for developers at the heart of their API projects are the ones most likely to reap the
The strategic purchase of Phos is a next step in Ingenico’s evolution towards software-driven services, following recent acquisition of Ingenico by the investment funds managed by affiliates of Apollo Global Management (the “Apollo Funds”) in September 2022. Ingenico, the global leader in payments acceptance solutions, announces its acquisition of 100% of Phos, a leading provider
Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring
First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now known and addressed as FirstBank
95.0B real-time payments (RTP) transactions were recorded globally in 2022, a YoY growth of 63.2%, according to the 2023 Prime Time for Real-Time report from ACI Worldwide and GlobalData India remains the undisputed RTP leader — responsible for 46% of all transactions worldwide — followed by Brazil, China, Thailand and South Korea Governments and regulators around the world are taking steps to drive
Standard Bank client insight enables practical private sector job creation Unemployment compromises GDP growth, threatens economic stability and tears at the fabric of our society. Standard Bank, as well as independent research, show that South African employment is still 5% lower than pre-Covid-19. A 35% unemployment rate means that only 200 000 out of the
