MyBank, Mastercard and Network International Elevate Ecommerce in Somalia with New Debit Card Launch

Posted on by Staff Reporter | 27382 Views | 14 min read

Mastercard debit card can be used for both in-store and online purchases  Partnership will be instrumental in enhancing Somalia’s digital economy and prospects for financial inclusion   As part of continued efforts to expand access to the digital economy and drive financial inclusion in Somalia, MyBank, Mastercard and Network International have partnered to launch a new

Digital Payments in Kenya Grow Beyond Pandemic-Led Push, Reports Cellulant

Posted on by Staff Reporter | 40206 Views | 9 min read

The growth witnessed in Kenya is reflective of the payments landscape in the rest of Africa, reports Cellulant, with a noted shift in consumer behaviour Digital payments have shifted from being a nice-to-have for businesses to a necessity as more consumers prefer digital platforms as their primary payment method. This is according to Faith Nkatha,

Lake Harvest Zambia Joins the Tingg Digital Payment Ecosystem

Posted on by Staff Reporter | 23691 Views | 14 min read

This partnership will place Cellulant’s payment platform, Tingg, in all of the 13 Lake Harvest outlets across Zambia and ensure they are able to accept all forms of mobile money Cellulant  (www.Cellulant.io), a leading Pan-African payments company, has partnered with one of Zambia’s leading fish distributors, Lake Harvest to enable mobile payments in all their

Synthesis | Blockchain and The Future of Remittances

Posted on by Staff Reporter | 18622 Views | 32 min read

By Ramtin Mesgari, Synthesis Software Engineer Every year, hundreds of billions of dollars are sent across borders by emigrant workers who have moved away from their home countries. Global remittances in 2018 alone totalled over $600 billion and the number of migrant workers continues to increase every year. And yet, migrant workers who leave their

ACI Secure eCommerce Wins Best Online Payment Solution at London Payments Awards

Posted on by Staff Reporter | 22758 Views | 6 min read

ACI Worldwide, a leading global provider of real-time payments and digital payment software, has been recognized as the winner in the Best Online Payment Solution – Merchant category for its ACI Secure eCommerce solution at last night’s UK Payments Awards, held at the Grosvenor Hotel in London. The Awards recognize and celebrate companies that have demonstrated excellence and innovation in the

Econet Group Announces Launch of Cassava Technologies

Posted on by Staff Reporter | 34739 Views | 16 min read

Cassava Technologies, headquartered in London, is Africa’s first integrated tech player of continental scale at the forefront of technology innovation Unique, pan-African technology leader, well-positioned to propel Africa into its economic future; built from the strong performance and track record of Econet Group. Privately held African telecommunications group, Econet, has announced the launch of Cassava

PayFast Launches Second Ecommerce Performance Index

Posted on by Staff Reporter | 30766 Views | 11 min read

South Africa’s retail sector has entered the age of ecommerce, with total online retail sales expected to reach R42-billion by the end of 2021. From the rise of contactless payments to the boom in social commerce, the pandemic has significantly altered consumer expectations when it comes to making purchases online. To unpack the major trends

Absa | Shifts in Transactional and Payment Behaviour Set to Intensify this Black Friday Season

Posted on by Staff Reporter | 21264 Views | 18 min read

With the easing of lockdown restrictions, Absa has witnessed a 231% increase in contactless card volumes (tap to pay) across debit and credit cards this year. With Black Friday once again falling over the pandemic period, consumer and retailer behaviour has been significantly altered, signaling a shift in how people transact as one of South Africa’s

Standard Bank Expects Bigger Black Friday this Year as Retailers offer Sales Ahead of Time

Posted on by Staff Reporter | 5452 Views | 18 min read

This year’s Black Friday event, which has emerged to become a major highlight on the South African calendar, is expected to bring in higher sales volumes than last year as many retailers that were hard hit by decreased consumer spend in 2020 have started offering their specials ahead of schedule, giving consumers more time to

Standard Chartered Appoints Bongiwe Gangeni to Lead Consumer, Private and Business Banking for Africa, Middle East, Europe Region

Posted on by Staff Reporter | 72251 Views | 9 min read

Bongiwe will be based in Dubai when she joins the Bank in March 2022 Standard Chartered (www.SC.com) has appointed Bongiwe Gangeni as Head, Consumer, Private & Business Banking (CPBB), Africa & Middle East, and Europe (AME/E), subject to regulatory approval. Bongiwe will be based in Dubai when she joins the Bank in March 2022. Bongiwe