Interswitch, a leading Pan-African integrated payment provider has launched a new USD 10 million ePayment Growth Fund. The fund is intended to serve as a catalyst for funding innovation and disruptive business concepts within the payment industry across Africa. Interswitch is seeking to collaborate with African entrepreneurs and start-up businesses developing innovative products and services
Equity Bank Kenya has announced the launch of a prepaid card in conjunction with MasterCard. The card, which is readily usable to pay for bus fare in Kenya in line with the recent government directives on cashless bus fare payment system is more than a travel card. It is an all-purpose card that will be
Online money transfer service WorldRemit announced that it has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), with participation from existing investor Accel Partners. WorldRemit is a global leader in smartphone and web-based money transfers – providing a convenient, low-cost alternative to expensive brick-and-mortar agents. The company enables a
Samsung Electronics Co., Ltd. announced that it has agreed to acquire LoopPay, the acclaimed mobile wallet solutions provider that turns existing magnetic stripe readers into secure, contactless receivers. LoopPay’s technology has the potential to work in approximately 90% of existing point-of-sale (POS) terminals, according to internal research, with no investment in new infrastructure required by
Planet Payment, Inc., a leading provider of international and multi-currency payment processing services, is promoting its Pay in Your Currency solution as a way for US merchants to help offset the expense of upgrading their point-of-sale systems for EMV acceptance while also providing their international customers with enhanced customer service. In October 2015, the Payments
The iPad POS system provider for the hospitality orderbird leads together with its strategic payment partner ConCardis a solution for cashless payment by card or contactless NFC (Near Field Communication) such as Apple Pay. The jointly developed product positioned orderbird as best provider of cashless payments on the German market of mobile POS systems (mPOS).
The business community in East Africa has been assured of getting cash and perform transactions digitally, thanks to the initiative of ‘Umoja Switch’ across the region, which is Tanzania’s network of Automatic Teller Machines (ATMs) and Mobile Banking. The region has in the recent years made huge gains in intraregional trade and increased movement of
MasterCard Reveals strong growth of contactless payments in Europe driven by convenience, mass transit and mobile payments. Whether at major retailers, grocery stores or parking , using vending machines or taking mass transit and taxis, Europeans love tapping to pay for their everyday purchase. In the last quarter of 2014, tap transactions in Europe grew
Bluefin announced that it will provide its Decryptx PCI-validated Point-to-Point Encryption (P2PE) Solution to Heartland Payment Systems’ clients seeking a PCI-validated P2PE solution. Bluefin’s PCI-validated P2PE solution secures card transactions by encrypting all data within a PCI-approved point of entry swipe or keypad device, preventing clear-text cardholder data from being available in the device or
RBS and NatWest first UK-based bank to offer login to mobile app using just a fingerprint following feedback from customers. Never until now has banking for UK customers been more at their fingertips, or fingerprints. From 19 February, RBS and NatWest customers will be the first of any UK-based bank to be able to login
