The Innotribe Startup Challenge Returns To Africa For The Third Consecutive Year. Startups, It Is Time To Apply!

Posted on by Staff Writer | 2062 Views | 10 min read

SWIFT Innotribe announces that the Startup Challenge for Africa is open for applications. For the third year running, the Startup Challenge will be part of SWIFT’s African Regional Conference (ARC) held in Abidjan, Ivory Coast, from 16-18 May 2017. ARC brings together policy makers, industry leaders and the broader financial community from across the African

Cardtronics Expands into South Africa By Acquiring Spark ATM Systems

Posted on by Staff Writer | 3489 Views | 9 min read

Cardtronics plc announced that it has closed on the acquisition of Spark ATM Systems Proprietary Limited — a move that marks Cardtronics’ entry into the South African market. Privately held and headquartered in Cape Town, Spark ATM Systems is a fast-growing independent ATM deployer (“IAD”) in South Africa, with a growing nationwide network of approximately

Mastercard Welcomes UK Court Ruling on Interchange Fees

Posted on by Staff Writer | 2161 Views | 4 min read

Mastercard is grateful that the Court has found in its favor with respect to the significant issues being heard in this case. The Court recognized the immense benefits that retailers derive from our payment system. In rejecting the retailers’ claims, it found that Mastercard’s interchange fees did not restrict competition and were necessary for the

Wirecard Forges Strategic Partnership With VocaLink

Posted on by Staff Writer | 2377 Views | 9 min read

VocaLink announces that Wirecard, one of Europe’s leading specialists for payment and internet technology, has joined the payment providers backing the Pay by Bank app mobile payments initiative. Pay by Bank app is a natural way to use banking apps to pay without the need for consumers to remember their personal details. Wirecard will bring

Wirecard Forges Strategic Partnership With VocaLink

Posted on by Staff Writer | 2295 Views | 9 min read

VocaLink announces that Wirecard, one of Europe’s leading specialists for payment and internet technology, has joined the payment providers backing the Pay by Bank app mobile payments initiative. Pay by Bank app is a natural way to use banking apps to pay without the need for consumers to remember their personal details. Wirecard will bring

Major Developments Expected for Fintech in 2017

Posted on by Staff Writer | 3618 Views | 18 min read

From digital banks to mobile-payment solutions, technology is set to change the South African financial services landscape at a pace that will continue to surprise even the most hard-core non-believer. Digital banks On the banking front, 2017 will be the year of the digital bank, both globally and locally. In South Africa we will see

Visa Signs Strategic Partnership Deal with Atlas Mara

Posted on by Staff Writer | 3203 Views | 8 min read

Visa, a global payments technology company, signed a commercial partnership with Atlas Mara Limited, the sub-Saharan Africa financial services group, as part of a wider strategic partnership to introduce a dynamic suite of payment solutions and expand access to electronic payments within the Sub-Saharan Africa region. Through this partnership, Atlas Mara’s banks will be able

SASSA Statement on Future Grant Payment System

Posted on by Staff Writer | 3049 Views | 12 min read

SASSA has been inundated with concerns regarding what happens after the current social grant payment contract with Cash Paymaster Services (CPS) expires at the end of March. This is understandable, given the fact that the ConCourt declared the current contract invalid but however, suspended the invalidity declaration. The Minister of Social Development, Bathabile Dlamini subsequently

Americans Pay More than Half of Their Bills Online

Posted on by Staff Writer | 2332 Views | 17 min read

While the shift to online payments continues to ascend, there are stark generational differences when it comes to paying bills, according to new benchmark data, “How Americans Pay Their Bills,” from ACI Worldwide and Aite Group.U.S. consumers spent a record-setting amount on bill payments in 2016 ($3.9 trillion). They are faced with a wide range

Lottomatica Empowers Its Merchant Partners With Ingenico’s Integrated POS

Posted on by Staff Writer | 2247 Views | 10 min read

Ingenico Group, the world leader in seamless payment, announced its extended partnership with leading operator in the lotteries and gambling sector in Italy, Lottomatica (an International Game Technology PLC subsidiary), for the deployment of an innovative tablet-based point-of-sale (POS) solution, the Integrated POS, in Italy. This roll-out consists of an upgrade of the existing fleet