Major retailers and hospitality operators are upgrading to a wide variety of modern applications to provide a seamless customer experience across channels. Investment in POS software bounces back The global POS software market is becoming ever more competitive, with nearly 400,000 new deployments in the year to June 2022, according to Global POS Software 2022,
Financial institutions saw 9% increase in online and mobile banking users Digital banking use is associated with higher net profit, product holdings, balance growth and transaction activity As consumers continue to seek day-to-day convenience, the number of digital banking users continues to grow, delivering significant benefits to financial institutions that offer these services. In 2022,
The collaboration will enable seamless and cashless ticketing for Amman’s public transport users Mastercard, a technology leader in the global payments industry, has partnered with the Greater Amman Municipality (GAM) and Network International – Jordan to roll out the first transit payment ecosystem in Jordan, in its capital city Amman. The new ecosystem, powered by
In furtherance of its strategic objectives, leading Nigerian bank, Fidelity Bank Plc, has announced the appointment of Mrs. Pamela Shodipo as Executive Director, South Directorate following regulatory approval by the Central Bank of Nigeria. Pamela joins the Board of Fidelity Bank Plc with over 25 years multifunctional and cross-border banking experience at leading financial institutions
Equity customers can now send and receive money conveniently through Western Union straight from their phones. The Bank’s digital strategy has seen it enhance its digital banking experience, while creating more convenience and accessibility for customers. Equity has integrated Western Union services on its Equity Mobile App and Equity Online banking suites as part of
Standard Bank is pleased to announce that it advised Vivo Energy on its combination with Engen to create one of Africa’s largest energy distribution companies. The combined group will have over 3,900 service stations and more than two billion litres of storage capacity across 27 African countries. Engen is the clear market leader in South
The UK has seen a 41% increase in payer manipulation fraud, (or as they call it, Authorised Push Payments fraud or APP), in the last year. And, unless banks take a proactive approach, they could soon face some stiff regulatory pressure, warns authentication specialist, Entersekt. According to the UK’s annual fraud report, there was a
Olaseni Alabede, a veteran of the payments technology sector with more than 18 years of experience, has joined Global Technology Partners (GTP), an MFS Africa company, as chief technology officer (CTO). Acquired by MFS Africa in June 2022, the US-based GTP is the largest processor of prepaid cards in Africa, with more than 80 banks
BOSS Money Customers across Africa will be able to Receive Money Transfers Directly into their Boss Money Wallet from Family and Friends in the U.S. IDT Corporation, a global provider of fintech, cloud communications, and traditional communications services, announced today that it is rebranding its Africa-based Leaf Wallet app to IDT’s flagship financial services brand,
With a recent report showing that over 80% of South Africans are ready to do all or most of their banking digitally, retail banks will need to reimagine their customer service with continuous innovation to meet and exceed customers’ evolving expectations. Retail banking in South Africa is increasingly competitive, with fintechs, neobanks and digital players
