A major change is coming to South Africa’s banking and payments sector. Known as the Rapid Payment Programme (RPP), this evolutionary banking concept aims to create a simpler, safer instant payment ecosystem that would give people the ability to make real-time payments using simple identifiers, such as mobile numbers or email addresses. Led by BankServAfrica
The ATM Industry Association (ATMIA) has published the 2nd edition of its Next Gen Business Case Matrix, increasing the number of opportunities presented by the Next Gen ATM ecosystem for either cost-savings or new revenue streams from 44 to 47. The Matrix presents the business case for each stakeholder segment of the ATM industry, providing budget worksheets
The Managing Director of GCB Bank Limited, Mr Kofi Adomakoh, says there is no reason why banks will not invest in renewable energy and other projects to spearhead the development of the national economy. He explained that banks including GCB, largely look at the viability of the projects and conduct due diligence before investing in
Provides systemic liquidity and supports vital supply chains across Africa’s markets Sustains and increases access to goods and services during the pandemic Bolsters economic opportunities and inclusive growth, in markets such as Togo, Burkina Faso and Chad. CDC Group, the UK’s Development Finance Institution and impact investor, has announced a US$50 million trade finance facility
NCR Corporation has been named the global market leader for multivendor ATM software in the RBR ATM Software 2021 Report. “Financial institutions are under pressure to improve efficiencies and deliver exceptional customer experiences across all channels,” said Frank Hauck, president and general manager, Global Banking, NCR Corporation. “NCR’s ATM software enables self-directed banking, empowering branch staff
By Lance J. Johnson Greetings to our PCI SSC stakeholder community! With 2021 half done, I wanted to take this opportunity to share with you what the PCI Security Standards Council (PCI SSC) is doing to assist the industry as we continue to navigate the changes brought on by the pandemic. The current phase is
Harnessing Verizon’s 5G connectivity and the power of the Mastercard network, Verizon Business and Mastercard will work closely to innovate the future of payments and commerce. Companies will work together to deliver solutions such as immersive retail technology, compelling point-of-sale experiences, and digital capabilities for small and medium businesses (SMBs). Verizon Business and Mastercard have
Comviva, the global leader in mobility solutions, has announced the launch of mobiquity® Pay X, its next generation digital wallet and payment platform. mobiquity® Pay is amongst the world’s largest digital financial services platforms, powering over 70 digital wallets and payment services for 130+ million consumers and processing over 7 billion transactions exceeding USD 130
Synthesis combines RegTech experience and AWS to deliver Compliance Solutions to Standard Bank. Good Governance means adhering to all applicable laws, regulations, policies and procedures. In practice, these processes are often complex and time consuming for employees. Standard Bank’s Compliance division recognised the need to re-engineer its approach to managing employee outside interests, gifts and
96% of consumers in Nigeria are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index 86% of Nigerian consumers have access to more ways to pay compared to this time last year 78% of consumers in Nigeria say digital
