One only needs to take a quick look at a website like scambuster.co.za to get a first-hand sense of how prevalent payment crime and fraud is. Regardless of the platform; whether traditional classifieds, online trade sites like OLX or Gumtree, or simply the phishing scams that come to your inbox, payment crime and fraud are
Safaricom has introduced a new enhancement to M-PESA that will enable customers confirm the name of the intended recipient of funds, before completing an M-PESA transaction. ‘Hakikisha’ which has been under pilot for the last one month will be rolled out in phases with a view to covering the entire 21.7 million M-PESA customer base
GoldMoney Inc., a full-reserve and gold-based financial service and technology group, is pleased to announce that its wholly owned subsidiary BitGold Corp. has launched the world’s first automated gold to fiat settlement technology enabling gold payments to instantly settle as fiat currency. The new feature can be found within the BitGold platform settings under “Automatic
The number of merchant outlets worldwide accepting card payments is set to double from 46.6 million at the end of 2014 to 90.3 million by 2020. This is one of the findings in RBR’s new report, Global Payment Cards Data and Forecasts to 2020. While Visa and MasterCard are currently accepted at 78% of outlets
Standard Bank Group has expanded its already extensive East African footprint with the official opening of a representative office in Ethiopia. This means that Standard Bank, which is Africa’s largest bank by assets, has a continent-wide footprint in 20 African countries. The representative office, which is based in Addis Ababa, was opened by Standard Bank
First Data, a global leader in commerce-enabling technology and solutions, announced that UberRUSH, a new on-demand delivery service from Uber, will be available in First Data’s Clover App Market. One of the largest POS app markets currently available, the Clover App Market is offered through First Data’s Clover point-of-sale solution. With just a click business
The Western Union Company, a leader in global payment solutions, launched WU Connect, an innovative technology platform that integrates with leading consumer messaging and social media platforms to give users a unique way to quickly and conveniently transfer money worldwide. The WU Connect platform embeds Western Union’s robust global money transfer capability into third-party digital
Following this week’s partnership announcement at Money 2020 between MCX and Chase Pay, mobile commerce provider P97 Networks, Inc. announced that they will launch a program to enable mobile commerce with Chase Pay to pay at the pump and make in-store purchases with their smart phones. Chase Pay is a simple, rewarding and secure payment
fastacash, a global platform enabling payments across social networks and messaging apps, and Xpress Money, one of the world’s most dependable international money transfer brands, have launched XOPO. XOPO is the world’s first service allowing users to send, request and receive money – across borders – through social networks and messaging channels, including Facebook, WeChat,
Wirecard AG announced its acquisition of the payments business of Great Indian (GI) Retail Group. Founded in 2006, GI Retail Group is one of India’s and South East Asia’s leading electronic payment and retail-assisted e-commerce groups. Wirecard will acquire 100 percent of the shares from GI Retail and financial investors of companies operating payment services
