Mastercard Track™ Business Payment Service Welcomes HSBC UAE as Part of Mission to Help Modernise the Middle East and Africa’s B2B Payment Ecosystem

Posted on by Staff Writer | 3446 Views | 6 min read

HSBC launches Mastercard Track™ Business Payment Service for commercial customers in the UAE Technology leader Mastercard continues to deliver on its promise to modernise business payments worldwide and across the Middle East and Africa region, announcing a new partnership with HSBC that will provide the bank’s commercial customers in the UAE with an enhanced business-to-business payment

PASA | How Did South Africa Manage to End the Use of Cheques?

Posted on by Staff Writer | 4053 Views | 20 min read

31 December 2020 marked the end of Cheques, one of the oldest recognized payment instruments in South Africa. For the Payments Association of South Africa (PASA), the legal and operational structures and constructs that governed Cheques were formally disbanded on 31 March 2021, bringing the end to a grand old payment system. By contrast, several

Ecobank Transnational Incorporated Appoints Akin Dada as Group Executive, Corporate & Investment Banking

Posted on by Staff Writer | 3638 Views | 6 min read

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, is pleased to announce the appointment of Akin Dada as Group Executive, Corporate and Investment Bank. He joined Ecobank in 2017 as the Executive Director for Corporate Bank in Nigeria, and prior to his new appointment was Group Head, Corporate Banking for the Ecobank Group.

Mastercard Recovery Insights: E-commerce a COVID Lifeline for Retailers with Additional $900 Billion Spent Online Globally

Posted on by Staff Writer | 3764 Views | 11 min read

As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce made up roughly $1 out of

Affordable Digital Banking to Revolutionise Price-sensitive East African Payments Market

Posted on by Staff Writer | 4116 Views | 11 min read

In a region still dominated by cash and mobile money options, like M-Pesa, new collaborations between fintechs are looking to capture the price-sensitive market with innovative, open-loop digital payment solutions in East Africa. According to Mark Dankworth, President International, Ukheshe Technologies, the region is poised for a surge in digital banking growth, with the likes

Mastercard Recovery Insights: E-commerce a COVID Lifeline for Merchants with Additional $900 Billion Spent Online Globally

Posted on by Staff Writer | 3310 Views | 16 min read

New Report Spotlights Retail’s Digital Acceleration As COVID-19 kept consumers around the world at home, nearly everything from groceries to gardening supplies was purchased online. According to Mastercard’s latest Recovery Insights report, this amounted to an additional $900 billion being spent in retail online around the world in 2020. Put another way: in 2020, e-commerce

Standard Bank | Africa 2021: Emerging from the COVID-19 Abyss

Posted on by Staff Writer | 3362 Views | 19 min read

Hari Chaitanya, Head of Investor Services, Product Management at Standard Bank  A year ago, investors finally accepted the gravity of the looming COVID-19 crisis. In March 2020, major equity markets collapsed by almost a third, while safe-haven assets – including US Treasury bonds – came under unprecedented strain. Although markets have since recovered, the crisis

Zeepay Ghana Acquires Mangwee Mobile Money in Zambia

Posted on by Staff Writer | 5481 Views | 9 min read

Zeepay, the leading African Challenger Fintech with operations in over 10 African countries has acquired a 51 percent stake in Mangwee Mobile Money in Zambia. In a private placement Zeepay and Mangwee agreed to a sale of 51 percent of Mangwee shares to Zeepay. The deal makes Zeepay Ghana the majority shareholder of the entity. Mangwee has

Crossfin Ventures Invests in SA’s First Gold-backed Savings Account, Debit Card

Posted on by Staff Writer | 4087 Views | 13 min read

Crossfin Ventures, the angel investment arm of Crossfin Technology Holdings, has announced its investment in Troygold, a South African fintech enabling gold owners to digitise physical gold and use it for day to day transactions via a mobile app and gold-backed Mastercard. Crossfin Ventures chief operating officer Anton Gaylard says they were attracted to Troygold

Samsung and Standard Bank Partner to Offer 0% Interest on Samsung Products

Posted on by Staff Writer | 3550 Views | 8 min read

These days we all are in search of devices and products that make life better, whether at work, home or play. Samsung’s range of products are designed to achieve this and so much more. There is therefore great news for those wanting to purchase a must-have device or home appliance. Samsung and Standard Bank have