The prepaid industry is now a truly worldwide market. Since launching in the mid-1990s in the US and the first programme in Europe in 1999, the popularity of prepaid cards has spread across the globe. Originally introduced as a more efficient replacement for paper gift certificates, prepaid now represents a payment category that spans a
In celebration of the Final Draw for the 2018 FIFA World Cup Russia™, Visa (NYSE: V), the Official Payment Service Partner of FIFA, released travel and spending data for the 2018 FIFA World Cup. Throughout official FIFA venues, Visa will enable a cash-free fan experience by implementing point-of-sale terminals that accept a Visa credit or
In celebration of the Final Draw for the 2018 FIFA World Cup Russia™, Visa (NYSE: V), the Official Payment Service Partner of FIFA, released travel and spending data for the 2018 FIFA World Cup. Throughout official FIFA venues, Visa will enable a cash-free fan experience by implementing point-of-sale terminals that accept a Visa credit or
The Direct Pay Online Group (DPO) announces the acquisition of Setcom (Pty) Ltd, which operates SID Instant EFT, the original and leading instant electronic funds transfer (EFT) solution in South Africa. The deal will complement DPO’s comprehensive suite of payment solutions across the continent, which currently includes processing for all major cards, mobile money and
First Bank of Nigeria Limited, Nigeria’s most valuable bank brand, has successfully recertified to the Payment Card Industry Data Security Standard (PCI DSS) version 3.2, having been one of the first top-tier banks in Nigeria to obtain the PCI DSS certification in 2014. This recertification reaffirms the Bank’s leading position in the payment card industry
Mastercard has unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature phone helps create a digital record for kiosk owners to get access to micro-loans to stock inventory and grow their business. Kionect is currently being
As of today, boon by Wirecard – the fastest growing mobile payment solution in Europe – enables all Apple Pay users to utilize their boon digital credit card for online purchases. boon is the industry’s first fully digitalized mobile payment solution that works completely independently of other banks and network operators. The app is currently
Mastercard has announced its largest and most diverse class to enter the Mastercard Start Path program – the company’s global effort to support later-stage fintech and tech startups. The 11 selected companies from across five countries are working on the largest array of innovations the program has seen to date. They are developing new ways
Mastercard has announced its largest and most diverse class to enter the Mastercard Start Path program – the company’s global effort to support later-stage fintech and tech startups. The 11 selected companies from across five countries are working on the largest array of innovations the program has seen to date. They are developing new ways
In a Black Friday that saw the spike in volumes challenge many eCommerce companies, payment services provider, PayU, facilitated an increase of around 8.5 times the transaction volumes from last year and experienced 0% downtime across all of their system components. “Despite the massive increase in transaction volumes for our South African merchants, our platform
