Contactless (tap and pay) transactions, over the last year, have become synonymous with safe instore payments. Everyone — from large retail chains to mom-and-pop neighbourhood stores — is adopting contactless transactions, as customers are reluctant to handle cash or type in their PINs on devices for hygienic reasons. Multiple industry surveys have highlighted the impact
The Managing Director of GCB Bank Ltd, Mr Kofi Adomakoh, has decribed Ghana’s digital transformation agenda as laudable. He cautioned that, while pursuing digitilisation goals, “we must take cognisance of the inherent risks associated with digital transformation such as cyber-security, fraud, data and privacy breaches.” Addressing the 5th CEO Summit in Accra in the presence
$2.0 million USD to be extended to qualifying MSMEs The African Union Development Agency NEPAD (AUDA-NEPAD) and the Ecobank Group (ecobank.com) its strategic partner on the development of the 100,000 Micro, Small and Medium Enterprises (MSMEs) Initiative, are set to launch the financing component as from 27 May 2021. AUDA-NEPAD launched the 100,000 MSMEs Programme
The COVID-19 pandemic has accelerated Africa’s need to transform and adapt self-service banking to meet consumer needs, with smart ATMs playing an essential role. Globally, 2020 saw rapid and unprecedented changes in the banking sector. Lockdowns, calls for social distancing, and a demand for online banking solutions forced banks and financial services to quickly adapt
FSS (Financial Software and Systems), a globally leading provider of integrated payment products and a payments processor, has introduced significant enhancements to its prepaid multi-currency card offering, aimed at providing greater choice, security, and convenience to international travellers. As countries around the globe relax pandemic-induced travel restrictions, cross-border travel is beginning to show signs of
The partnership will allow over 8m Ethiopian Diaspora to send money instantly through Amole, to Amole Wallet, bank accounts and cash pickup locations at over 2500 locations. Flutterwave, Africa’s leading payments technology company, has today announced its partnership with Amole, Ethiopia’s largest mobile Digital Wallet platform, to facilitate money transfer into Ethiopia through Amole, to
The ATM Industry Association (ATMIA) this week announces the approaching retirement of their much-loved Global Director of Finance and Member Services, Sharon Lane. “Sharon’s 18-year career with ATMIA has been extraordinary and her legacy will be highly effective systems of both financial and membership management, as well as the culture of caring for each and
With the African Continental Free Trade Agreement set to generate combined consumer and business spending of $6.7 trillion by 2030, the continent requires payment platforms to cater for this growth. To this end, Pay@ – a leading South African payment aggregator and provider of secure payment solutions – will be expanding into several African countries
Mukuru’s recent inclusion in the iAMTN 2020 Annual Report: A Trend Driven by the Covid-19 Crisis – the Shift to Digitalisation in Cross-Border Remittances, highlights the importance of strong payment system interoperability that enables the scalability of digital remittance channels. Where this does exist, the global pandemic has been a catalyst for digital growth in
National Kuwaiti Banking Company (KNET) utilizes ACI Enterprise Payments Platform to introduce new innovative, digital payments services for its banking customers ACI Worldwide, a leading global provider of real-time digital payment software and solutions, has announced that it has expanded its partnership with KNET, Kuwait’s national electronic banking company, to launch a number of new and innovative digital payment
