There are several exciting trends emerging that will shape the way businesses and consumers process payments worldwide A global payment processing system is a network that enables financial institutions to process cross-border payments. It allows for currency exchange between banks and other financial institutions across borders. The system is used by businesses and individuals to
In the midst of a global economic downturn with a global GDP growth rate projected at 2.9% for 2023, with a downside growth outlook as a result of sticky stubborn inflation, elevated interest rates, turbulence in exchange rates, and a financial crisis, Equity Group has reported-: A 33% growth in dividend payout of a record
On the 8th of March 2023, the Corporate Affairs Department in collaboration with the Human Resource Department of GCB Bank PLC organized a Roundtable Talk to commemorate this year’s International Women’s Day. The theme for this year’s celebration was “Embrace Equity – DigitAll: Women in the IT And Digital Space” and the talk focused not
Namibia’s banking system remains resilient and sound, with solid capital and liquidity buffers in place to withstand risks emanating from internal and external shocks as the world reels from the closure of a number of regional banking institutions in the United States and a global systemically important bank based in Europe. The Bank of Namibia
Ecobank Burkina Faso, Ecobank Côte d’Ivoire, Ecobank Ghana and Ecobank Rwanda all scoop awards Lomé, 20 March 2023 – Four affiliates of the leading pan-African banking Group, Ecobank Group, have won the coveted ‘Best Trade Finance Provider 2023’ Award in their respective countries. The affiliates, specifically Ecobank Burkina Faso, Côte d’Ivoire, Ghana and Rwanda received this
Key facts: Emerging trend: Account-to-account payments continued to gain momentum in 2022 to account for US$525 billion in global e-commerce transaction value. Global forecast: Global e-commerce market is set to be worth nearly US$8.5 trillion in 2026. Shift in balance of U.S. payments: For the first time, digital wallets surpassed credit cards to become the leading payment method
Benefit from one integration and one portal for estate management. If you haven’t heard about Payment Platform as a Service (PPaaS) yet, you will. To stay relevant, acquirers need to find ways to keep up with merchant demands to meet evolving consumer behaviors. The growing number of digital-centric consumers expect consistent experiences across all channels. According to PwC
Mastercard, a technology leader in the global payment industry, has partnered with QNB, the largest financial institution in the Middle East and Africa, to launch “myPOS” tap on phone service, a new service for micro and small businesses, which allows business owners to accept payments for their products or services through a smart phone. The service, powered
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100 The Bank is the 3rd strongest bank in Africa, strategically representing the East and Central African region in the rankings Equity also ranked 291 in the top 500 most valuable banking brands in the world with a brand value of USD 531.7 million
South Africa’s long awaited and highly anticipated rapid payment programme (RPP), PayShap, offers huge potential to boost digital payments and, when used in conjunction with technologies such as Chat Commerce, could serve as a real game changer for businesses. But the disparity in launch pricing from local banks could hinder uptake, blunting the effects of
