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SASSA Rejects Allegations of Claims of over R1 billion by CPS

The South African Social Security Agency (SASSA) has rejected allegations of claims of over R1 billion by Cash Paymaster Services (CPS) based on the alleged breach of the terms of Read More →

Deutsche Bank appoints Andreas Voss head of TFFIs in Sub-Saharan Africa

Deutsche Bank has announced the appointment of Andreas Voss as Head of Trade Finance for Financial Institutions (TFFI) in Sub-Saharan Africa, in addition to his current role as Head of Read More →

UnionPay Cross-border B2B Payment Service Platform facilitates exports of SMEs in Yiwu

UnionPay International has announced that the official website of Yiwu Market ( ) now connects to UnionPay Cross-border B2B Payment Service Platform. Purchasers outside mainland China are able Read More →

FNB Enhances USSD Card Maintenance Functionality

FNB customers who actively use cellphone banking will now be able to fully maintain their bank cards without having to walk into a branch. The bank has enhanced card management functionality Read More →

Mastercard SpendingPulse: Retail Sales Grew 4.9 Percent this Holiday Season

Mastercard SpendingPulse today reports that holiday sales increased 4.9 percent this year, setting a new record for dollars spent. This is the largest year-over-year increase since 2011 and a further Read More →

CrediMax and Mastercard Announce First Launch of Masterpass in Bahrain

CrediMax and Mastercard recently launched the Masterpass service in Bahrain for the first time by integrating the service in the CrediMax Digital Wallet – MaxWallet. Masterpass is a digital payment service from Read More →

Union Bank of Nigeria Announces Changes to its Board of Directors

Union Bank of Nigeria Plc (Union Bank) has announced changes to the membership of its Board of Directors with the retirement of an Executive Director, Mr. Ibrahim Kwargana and the Read More →

Gemalto Launches the First Biometric EMV Card for Contactless Payments

Gemalto, the world leader in digital security, has been selected by Bank of Cyprus to supply the world's first EMV biometric dual interface payment card for both chip and contactless Read More →

Test Case on the Payment of Social Grants on Track

The South African Social Security Agency (SASSA) has today successfully initiated a test case to directly pay about 100 social grant beneficiaries using commercial bank accounts of their choice as Read More →

Holiday e-Commerce Spending Sees Record Year

As the primary e-Commerce shopping period comes to a close due to shipping deadlines, Mastercard SpendingPulse reports that online shopping will play a bigger role in what’s under the tree Read More →

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