Arise has become a shareholder of reference in Ecobank Transnational Incorporated (ETI) with a c.14.1 percent stake Ecobank Transnational Incorporated (“ETI”) announces that IFC and the funds managed by the IFC Asset Management Company (“AMC”) have completed the sale of their c.14.1 percent stake in ETI to Arise B.V. (“Arise”). Accordingly, Arise has become a
Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced an integration with 3dcart to provide a more comprehensive solution for merchants. 3dcart’s software enables users to build, adjust, and maintain an online store without any programming or HTML knowledge. 3dcart can be used in conjunction with Allied Wallet
Applications for the Global Fintech Hackcelerator @ Southern Africa are open. The South African Reserve Bank calls fintech firms to submit their innovative and sustainable solutions to challenges identified within the financial services industry. The South African Reserve Bank (SARB) has launched the 2019 Global Fintech Hackcelerator @ Southern Africa competition. The Global Fintech Hackcelerator,
Consumers are embracing the technology offered by virtual cards, as Standard Bank starts to see the benefits of online shopping ecosystem, nine months after the launch its virtual card proposition. In the past nine months, virtual card payments have increased by more than 300%, though they started off at a very low base. A virtual
Shopping has always been a social activity that brings people together, creates conversations, and helps build brand loyalty. Last year, we launched Shopify Ping, a mobile app that centralizes all customer conversations along with intelligent, automated marketing workflows to leverage the power of chat to help you grow your business. Today, we’re excited to launch
Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced that they will be able to service X-Cart users to further aide global entrepreneurs. This integration will serve to simplify e-commerce for merchants all around the world. With a custom, tested integration process, Allied Wallet Africa and X-Cart products
New format may impact environments beyond payments that use card details to identify and reward customers EMVCo is working to evolve the EMV® Integrated Circuit Card Specifications for Payment Systems to support both future eight-digit Issuer Identification Numbers (IIN), as well as the existing six-digit format. As the change may have implications for merchant and
Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally.
Cash Matters, a movement by the International Currency Association (ICA), issued a study today that makes the case for cash as a public good, “Virtually Irreplaceable: Cash as Public Infrastructure.” The paper by Dr. Ursula Dalinghaus , Visiting Professor of Anthropology at Ripon College and affiliated scholar at the Institute for Money, Technology & Financial
Mastercard and Bahrain’s leading electronic financial transactions network, BENEFIT, will enable banks to send and receive cross-border business-to-business payments on a secure, private and direct network Blockchain technology will strengthen authenticity, improve efficiency, turnaround time and certainty of such payments Bahrain’s Electronic Network for Financial Transactions (BENEFIT), and Mastercard have partnered to launch a pilot
