While cash was always considered to be king, that is no longer the case with consumers across Africa moving to alternative payment methods for convenience and safety reasons. Tap to pay has emerged as one such option. It uses short-range wireless technology to make secure payments between a contactless chip card or device and a
As the world emerges from a pandemic which has seen both market dynamics and consumer behaviours change, CR2 (www.cr2.com), along with senior banking leaders and market influencers, tease out some of the key trends that they feel will impact and shape banks of the future. The report, ‘The Bank of the Future’ looks at the post-pandemic challenges and opportunities
Accenture has been selected by the Central Bank of the UAE (CBUAE) to lead a consortium of companies to help execute its National Payment Systems Strategy. In collaboration with SIA, now part of Nexi Group, and G42, Accenture will build and operate the National Instant Payment Platform (IPP) over the next five years. The new
It is hereby notified, in terms of section 25(4) of the Banking Act [Chapter 24:20], that CBZ Bank Limited and CBZ Building Society, both incorporated under the laws of Zimbabwe and carrying on banking business, have applied to the Minister of Finance & Economic Development in terms of section 25(2) of the Banking Act, for
An increasing number of banks are looking to implement a modern payment hub – with 77 percent of respondents saying that ‘faster adoption of new payment methods’ would be the critical feature required from such a solution Almost two-thirds of banks globally (65 percent) say Open APIs that enable access to a broad range of
Cloud technology specialists, 1Stream, has launched a new customer relationship management platform, 1CRM. This innovative new offering is designed to manage customer experiences and drive sales from one centralised, omni-channel platform. 1Stream’s co-founder and joint CEO, Jed Hewson, says a growing number of successful businesses are realising the value of delivering an excellent customer experience.
New Buy Now, Pay Later (BNPL) program gives consumers a flexible, ubiquitous way to pay online and in-store through equal, interest-free installments – an additional choice to debit, credit or prepaid cards Mastercard Installments – set to go live this year – will give banks, lenders, fintech companies and wallets the ability to offer BNPL
Infobip, a global cloud communications company for businesses and a leader in omnichannel customer engagement, has implemented a WhatsApp-based chat banking solution for fintech start-up Afridig Wallets. Afridig founder and head of product development Zwelabantu Ntsubane says the Eastern Cape-based company is set to start operating in January next year, bringing to market a host
Standard Bank has enabled near real-time payments for Lesotho and Eswatini. This means that money sent by South African clients to accounts in these countries will only take two hours to arrive. In the past, payments would take a minimum of 24 hours and a maximum of 48 hours (about 2 days) to clear. “South
Financial technology leader FIS® has announced that it has been named to the America’s Most Responsible Companies 2022 list by Newsweek magazine. Newsweek’s third annual ranking identifies leading companies for corporate responsibility in the three areas of ESG – environment, social and corporate governance. FIS was selected and ranked from 2,000 companies evaluated in 14
