Digital Wallet Opportunities in Middle East and Africa: A Whitepaper by Omdia, in Partnership with CR2

Posted on by Staff Writer | 3542 Views | 14 min read

Digital Wallets have become an entry point for consumers to engage with financial services and they create new opportunities to target the underserved banking population This Whitepaper, authored by Omdia (www.Omdia.com) and commissioned by CR2 (www.CR2.com), discusses the rise of digital wallets and how mobile wallets have successfully targeted the underserved banking population and offers

Subsidized Banking Means that MiVoice App is SA’s First Free Digital Wallet

Posted on by Staff Writer | 4383 Views | 16 min read

An estimated 23.5% of South Africans are unbanked*, which brings several personal and economic disadvantages. In a concerted effort to change this situation, MiVoice, the world’s first fully mobile HR management solution for domestic employees, has designed South Africa’s first genuinely free digital wallet. According to the World Economic Forum, the fee structure of South

Fiserv Introduces Expanded Digital Capabilities for Consumer and Business Customers of Financial Institutions

Posted on by Staff Writer | 3685 Views | 11 min read

Capabilities will enable industry-leading digital banking experiences for financial institutions of all sizes Fiserv, Inc., a leading global provider of payments and financial services technology solutions, has introduced enhanced Fiserv Digital capabilities for integrated digital banking and card management. This enriched, mobile-first suite will enable financial institutions to offer their consumer and business customers an

The Future of Banking, Now: FIS Adds New Digital Lending, Commercial Onboarding Components to Modern Banking Platform

Posted on by Staff Writer | 3037 Views | 12 min read

Retail Lending and Commercial Express components add to advanced digital banking functionality available on FIS’ flagship cloud-based core banking platform. Since launch in 2020, FIS Modern Banking Platform has grown to more than 60 advanced components through the platform’s ecosystem of FIS and third-party offerings. As a growing number of financial services organizations choose FIS

Fintech First to Offer International Trade Finance to SA’s SMEs

Posted on by Staff Writer | 3276 Views | 14 min read

SA’s SMEs have not been able to easily access international trade finance. A local fintech spotted the gap and figured out how to offer international trade finance effectively to this market segment. It’s a complicated niche that requires knowledge of regulation, compliance and forex. Traditional lenders have neglected finance for small businesses due to the high

Standard Bank | 5 Advantages of an International Debit Card

Posted on by Staff Writer | 5111 Views | 32 min read

Written by Head: SA Distribution for International Personal Banking at Standard Bank Spending in another currency can get expensive and complicated. Not all South African cards are accepted abroad, and those that do come with the caveat of hidden fees tied into every purchase. Any small movement in the rand can also affect the price of

Platform Technology a Big Boost for the Democratisation of Payments

Posted on by Staff Writer | 4549 Views | 14 min read

The concept of platforms is nothing new. Our railways, phone networks and even our shipping industry are all examples of networks which operate under agreed universal standards and can be described as platforms. Today, we participate on tech platforms every day when we use services like Airbnb and Uber or shop on eBay and Amazon.

The Mauritius Commercial Bank Limited Signs a USD 20M Term Loan Facility with Bank of Kigali Plc to Support its Strategic Growth Objectives

Posted on by Staff Writer | 7035 Views | 9 min read

The loan proceeds will be used mostly to fund their general corporate projects A USD 20M loan has been successfully signed between The Mauritius Commercial Bank Limited (MCB) (www.MCB.mu) and Bank of Kigali Plc on 26 July 2021. The aim of this loan is to provide additional liquidity to Bank of Kigali Plc over a

RBR | Convenience and COVID-19 Boost Contactless Spending

Posted on by Staff Writer | 3609 Views | 11 min read

Concerns about coronavirus transmission has encouraged use of contactless cards and this trend will continue as contactless limits are increased and new habits become ingrained Contactless payments are increasingly the norm in Europe Global Payments Cards Data and Forecasts to 2025 shows that contactless payments still account for a small but growing proportion of total

SWIFT Launches SWIFT Go, a Fast, Cost-effective Service for Low-value Cross-border Payments

Posted on by Staff Writer | 3604 Views | 22 min read

New service enables businesses and consumers to send payments in seconds with full transparency and strong security SWIFT Go is a key building block in the co-operative’s strategy to enable instant and frictionless cross-border transactions Seven leading global banks already live with the service SWIFT has announced the launch of SWIFT Go, a transformative new