TransferTo, a global Cross-Border Mobile Payments Network, has been chosen by Grab, a mobile ride-hailing and payments platform in South-East Asia, to enable real-time earnings payouts for Grab drivers using their GrabPay account, across Grab’s operating markets. For the first time, and as a result of this strategic partnership, Grab drivers can instantly collect their daily
In developing markets around the world, it is the informal economies that serve as the quietly humming engines of growth. By way of example, the informal economy accounts for over 70% of total employment in sub-Saharan Africa – an economy that includes street vendors, traders in open-air markets, subsistence farmers and fishermen, personal drivers, roadside
In developing markets around the world, it is the informal economies that serve as the quietly humming engines of growth. By way of example, the informal economy accounts for over 70% of total employment in sub-Saharan Africa – an economy that includes street vendors, traders in open-air markets, subsistence farmers and fishermen, personal drivers, roadside
Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services. Not only is this not safe, but it slows the country’s growth as large numbers of citizens remain financially excluded from formal financial services. To combat this, Mastercard and FSD (Financial Sector
Over half of Uganda’s adults are forced to keep their savings at home because of a lack of access to formal financial services. Not only is this not safe, but it slows the country’s growth as large numbers of citizens remain financially excluded from formal financial services. To combat this, Mastercard and FSD (Financial Sector
Technical body EMVCo has publicly released EMV® 3-D Secure – Protocol and Core Functions Specification v2.1.0. The updated document follows the release of version 2.0.0 in October 2016, and includes additional functionality and enhancements to promote secure, consistent consumer e-commerce transactions across all channels and connected devices, while optimising the cardholder’s experience. This version of
PayPal has announced the launch of its Seller Protection Programme in some Sub-Saharan Africa countries, in an effort to empower local businesses to trade online, both locally and globally with confidence and peace of mind. PayPal’s Seller Protection Programme is designed to help protect merchants from buyer’s claims, chargeback, and reversals, so that they are
First Bank of Nigeria has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank currently processes over 30% of the card transactions in the entire
First Bank of Nigeria has been named the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million cards to customers across the country. This makes FirstBank the second bank in Africa to achieve this feat. With this milestone, the Bank currently processes over 30% of the card transactions in the entire
Direct Pay Online Group (DPO) has received a second investment of $5M from the UK based private equity fund, Apis Partners. This investment, which follows the initial $10M investment made last year, will be used to fuel DPO Group’s ambitious strategic plan which includes organic growth across Africa, strengthening the Group’s position through mergers and
