Penny Software Signs Partnership to Launch Mastercard Track™ Business Payment Service in Saudi Arabia and the MENA Region

Posted on by Staff Writer | 25733 Views | 12 min read

The collaboration will enhance the region’s B2B electronic payment ecosystem Penny Software, the digital procurement software has signed a partnership agreement with technology leader Mastercard to provide its customers with an enhanced business-to-business payment experience via Mastercard Track™ Business Payment Service. The collaboration will pilot Mastercard Track in Saudi Arabia and the greater MENA region. Mastercard Track facilitates secure and efficient

Nigeria’s WEMA Bank Expands Long-term Business Agreement with Network International

Posted on by Staff Writer | 4454 Views | 8 min read

Renewed agreement to cover increase in capacity for card issuance and ATM processing WEMA Bank Plc., one of Nigeria’s oldest financial institutions, has renewed and expanded its long-term business agreement with Network International (https://www.Network.ae/en), the leading enabler of digital commerce across Africa and the Middle East. Building on their long-term relationship, Network International will be

Mastercard Brings Egyptians Closer to Their Passions as It Expands Priceless Platform

Posted on by Staff Writer | 27182 Views | 12 min read

Mayar Sherif and Amir Eid named as Mastercard’s first Egyptian brand ambassadors, joining its global roster including Naomi Osaka and Camila Cabello In line with its ongoing commitment to Egypt, Mastercard has announced the expansion of its globally-renowned Priceless platform in the market to bring people in Egypt closer to their passions. As part of

TNM Mpamba and Mastercard Partner to Transform Malawi’s Payment Landscape

Posted on by Staff Writer | 13730 Views | 14 min read

TNM Mpamba is the first mobile money provider in Malawi to launch a Mastercard virtual payment solution powered by National Bank, enabling its mobile money customers to make safe and seamless international e-commerce payments on the Mastercard network. In a country-first for Malawi, mobile money service provider TNM Mpamba has launched a Mastercard virtual payment

Mastercard and PayFast Launch Priceless Campaign to Support Small Businesses and Boost Online Sales

Posted on by Staff Writer | 3845 Views | 13 min read

Partnership with online payment gateway PayFast sees launch of a “shop local” campaign with prizes for consumers and SMEs using online checkout Campaign aims to elevate SMEs and their ingenuity, inspiring South Africans to get behind local businesses through safe and convenient online shopping As Small and Medium sized Enterprises (SMEs) accelerate digital transformation efforts in

Cash is King – But Digital Payments are Coming For the Throne

Posted on by Staff Writer | 3533 Views | 13 min read

Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. Anton van der Merwe, the recently-appointed COO of Ukheshe Technologies, a fintech enablement partner that works with financial institutions to

Pan African Payments Company Cellulant Acquires PSP License in Ghana as it Rolls Out a Digital Payments Solution for Businesses

Posted on by Staff Writer | 7977 Views | 13 min read

The license is a requirement under the Payment Services Act 2019 which mandates that all Financial Technology or digital payments companies be licensed by the Bank of Ghana Digital payments has seen tremendous growth in the past couple of years. As of January 2021, 38.9 percent of the population aged 15 years and older had

Equity Named the Best Regional Bank in East Africa by the 2021 African Banker Awards

Posted on by Staff Writer | 4124 Views | 19 min read

Equity demonstrated a strong and consistent financial performance in the 2020 financial year The Group continues to pioneer technological innovations that have led to more convenient banking and transaction cost reduction for customers The Group distinguished itself for its role in safeguarding and cushioning the lives and livelihoods of its host communities Equity has been

FSS white paper | New Trends in Forex Prepaid Cards

Posted on by Staff Writer | 3416 Views | 2 min read

Prepaid cards are fast-emerging as a preferred transaction instrument among international travellers due to the inherent protection they offer to customers from currency fluctuations. With growing adoption, the role of prepaid cards has expanded from being a mere store of value to include added value functions such as loyalty, card controls, expense management and budgeting.

MoData’s Agtech Solutions Boost Growth in Africa’s Agricultural Sector

Posted on by Staff Writer | 3096 Views | 28 min read

With Africa fast becoming a global leader in the agtech space, MoData’s value propositions offer smart solutions for the sector. Agriculture has always been key to Africa’s economic growth. It accounts for 14 per cent of Africa’s GDP, 52 per cent of the continent’s workforce, and 70 per cent of the population’s livelihoods. New research