Wirecard AG acquired all shares of MyGate Communications (Pty) based in Cape Town, South Africa. MyGate is a leading payment service provider (PSP) in Africa. The company operates one of Africa’s largest and fastest growing online payment gateways and was recently voted the best online payment gateway in Africa in 2016. MyGate’s enables merchants across
Creamfinance, a leading consumer finance provider and the fastest-growing European fintech, announced the closure of a €21 million deal in Series B financing with Capitec Bank Holdings Limited (“Capitec”). This round follows a €5 million in Series A investment from international venture capital fund Flint Capital. Capitec is listed on the South African stock exchange
Tesco has announced it is extending its Same Day Click and Collect service, allowing customers to pick up their online groceries more quickly and easily than ever before. Customers can now order an unlimited number of items before 9am and book a two hour window to collect their groceries from midday onwards. This new slot
To mark the 10th anniversary of ground-breaking mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that Kenyans continue to be early adopters of
To mark the 10th anniversary of ground-breaking mobile money service M-PESA, WorldRemit has released new data showing that the Kenyan diaspora is the biggest sender of digital remittances to mobile accounts. Transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that Kenyans continue to be early adopters of
In recent years, microinsurance has started to play a bigger role in helping facilitate mobile money uptake, with the GSMA reporting a 9% year over year growth in mobile insurance services in 2015. However with 63% of the120 live services being led by mobile operators globally, the reality is that only eight of these services
Across the globe, banks have validated the identity of their customers at the ATM with something the user has (such as a bank card) and something the user knows (typically a PIN). This approach is becoming outdated and increasingly vulnerable to identity fraud. To make matters worse, the number of digital identities seems to grow
The first self-service current account that anyone can open, activate online, and which is not subject to income conditions. Starting on 18 April 2017, consumers will have access to a completely new type of product: • C-zam, the first self-service current account that anyone can open and activate online, and which is not subject to
ACI Worldwide, a leading global provider of real-time electronic payment and banking solutions, announced the expansion of its relationship with the Egyptian Banks Company for Technological Advancement (EBC), the central domestic infrastructure provider for payments in Egypt. ACI will help drive the bank’s ambitious growth plans and initiative to move from the use of cash
In support of Ghana’s Vision 2020 goals, Mastercard has committed its support to helping the country to develop a cashless economy, in furtherance of its push to be an economic powerhouse in Africa. This was highlighted during a recent discussion between Mastercard and Ghana’s new Vice President, Alhaji Dr Mahamudu Bawumia. With aspirations of becoming
