SWIFT and Accenture Publish Joint Paper on Central Bank Digital Currencies in Cross-border Payments

Posted on by Staff Writer | 3285 Views | 13 min read

New report discusses opportunities and challenges of CBDCs for international payments Sets out practical requirements for adoption of digital currency at scale Outlines how SWIFT can support the financial community as new solutions are developed SWIFT and Accenture have published a paper on central bank digital currencies (CBDCs) in cross-border payments as part of broader

GCB Records Significant Growth In Q1

Posted on by Staff Writer | 3708 Views | 9 min read

GCB Bank recorded significant growth in all key performance indicators during the first quarter of 2021, compared to the same period in 2020. Strong growth in customer deposits, revenue and increased focus on optimization of operating expenses were the key drivers of the performance. Profit for the period (before tax) amounted to GHS 181.39m, up

Mastercard Partners with Billetera to Offer Cutting-edge Digital Payment Solutions in Democratic Republic of Congo

Posted on by Staff Writer | 7731 Views | 15 min read

Millions of unbanked and financially excluded residents in DRC to gain access to formal financial and digital services   Mastercard’s technology to enable development of diverse digital payment solutions   Partnership is aligned with DRC’s National Digital Plan (NDP)  Mastercard has partnered with Billetera – a digital payments technology company headquartered in Kenya – to

Mastercard New Payments Index: UAE Consumer Appetite for Digital Payments Takes Off

Posted on by Staff Writer | 3565 Views | 28 min read

97% of consumers in the UAE 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 Almost 90% of UAE consumers have access to more ways to pay compared to this time last year   3 out of 4 UAE

Adopting EMV 3D Secure Protocol Benefits Entire E-commerce Ecosystem

Posted on by Staff Writer | 4664 Views | 17 min read

A collaborative effort between merchants, banks and card networks is required if the greater e-commerce landscape is to benefit from faster approval rates, low-risk trading environments, and a better user experience offered by the new EMV 3-D Secure protocol, says authentication specialist, Entersekt. The original release of 3-D Secure by the credit card networks took

Three Fintech Heavy Hitters Join Direct Transact to Take SA Into An Open Finance Future

Posted on by Staff Writer | 3520 Views | 9 min read

Direct Transact, the largest independent provider of transaction processing solutions for banks and businesses in SA, is appointing three financial industry heavy-hitters to expand the local industry’s open finance capabilities in the global market. The company, which handles more than R30-billion in financial industry transaction flows per month – the flows of nearly 70% of

One Billion Additional Touch-free Visa Payments Made as Consumers Embrace Contactless Commerce

Posted on by Staff Writer | 4757 Views | 13 min read

Less than a year since contactless limits increased across Europe, Visa has hit one billion additional touch-free transactions, 400 million of which took place in the UK. Consumers and merchants are increasingly turning to contactless payments as a secure and seamless way to shop – two thirds (65%) of consumers say they would prefer to

Mastercard New Payments Index: Consumer Appetite for Digital Payments Takes Off

Posted on by Staff Writer | 3991 Views | 27 min read

93% of consumers are considering emerging payments such as biometrics, digital currencies, and QR code, in addition to contactless, according to the Mastercard New Payments Index  Now, nearly 90% of in-person transactions globally take place at a contactless-enabled merchant  As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace

1st Commonwealth Women’s Entrepreneurship Summit to Be Held 19 – 20 May in Countdown to Commonwealth Heads of Government Meeting

Posted on by Staff Writer | 2822 Views | 23 min read

The inaugural Commonwealth Women’s Entrepreneurship Summit is the first global event to focus on women in emerging tech sectors.  Taking place from the 19th to 20th May 2021, it is a 2 day online conference focusing on women’s entrepreneurship featuring 50 speakers, 20 talks and 12 panel sessions. Targeting policy-makers, entrepreneurs, government agencies, entrepreneurship support

Econet Group and Mastercard to Collaborate on Fintech Solutions for COVID-19 Response in Africa

Posted on by Staff Writer | 4226 Views | 10 min read

The Econet Group through its subsidiary Cassava Fintech International (Cassava Fintech) and Mastercard have entered into a strategic partnership to advance digital inclusion across Africa and collaborate on a range of initiatives including expansion of the Africa CDC TravelPass. TravelPass is a digital health pass developed by Cassava Fintech and offered in conjunction with the