Mastercard Is Modernising Commercial Payments With Embedded Virtual Card Technology

Posted on by kara | 6006 Views | 12 min read
Mastercard

Mastercard is simplifying and scaling interactions among banks, platforms, and corporates alike by launching a new program to accelerate the adoption of virtual cards. This transformation is powered by the latest advances in Mastercard’s embedded Virtual Card Number (VCN) technology, which delivers seamless and consumer-like commercial payments. Mastercard has pioneered Virtual Card Number (VCN) solutions

Somalia Launches First Nationwide Instant Payment System Powered by BPC

Posted on by kara | 8653 Views | 14 min read
Somalia

Somalia Payment Switch (SPS1) has successfully launched the country’s first-ever Instant Payment System with QR payments support, powered by BPC’s next-generation SmartVista platform, a global leader in payment solutions2. Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

Kenya’s Payments Evolution: What Banks and Fintechs Can Learn From M-Pesa and Mobile Operators

Posted on by kara | 12110 Views | 56 min read
Kenya

Author: Norman Frankel, Chief Growth Officer, Stanchion Payments Solutions. Originally published here. I had the pleasure of growing up in Kenya in the 1970s, so every time I return, it always feels special. Of course, the city of Nairobi has changed a lot, and when I send photos back to the office, some in the

Visa & Emirates NBD Unveil Advanced Payment Gateway

Posted on by kara | 4425 Views | 9 min read

Visa, a world leader in digital payments, and Emirates NBD Pay, a digital payment platform provided by Emirates NBD P.J.S.C., a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have partnered to launch Cybersource, a Visa Acceptance Solutions offering. Cybersource will be incorporated into the Emirates NBD Pay platform, providing

Reserve Bank Tightens Rules on ‘Inappropriate’ Cross-Border Banking

Posted on by kara | 3350 Views | 14 min read
Reserve Bank

Reserve Bank has instructed the banking sector to cease executing so-called low-value transactions within the Common Monetary Area (CMA) through “inappropriate” systems by March 2027 as part of measures to rein in potential money laundering. The directive issued by the Bank last week to the banking industry is geared towards efforts to remove SA from

Djamo Secures $17M to Expand Mobile Banking in Francophone Africa

Posted on by kara | 8309 Views | 5 min read
Djamo

Djamo, a financial services app based in Ivory Coast, has raised US$17 million in an equity funding round to expand its banking services for consumers and SMEs in Francophone Africa. Regis Bamba and Hassan Bourgi launched Djamo in 2021. It is designed to provide mobile-first, affordable banking solutions for consumers and small businesses in the

Tech-Driven Payments: Accelerating Financial Inclusion in Africa

Posted on by kara | 5727 Views | 31 min read
Tech

TechCentral and NTT DATA recently hosted an executive roundtable with senior financial services leaders to explore how emerging technologies reshape Africa’s payments landscape and the opportunities and challenges in building a more inclusive, efficient financial ecosystem. This is what transpired. Africa’s financial sector stands at a critical juncture. With rising mobile penetration, the rapid adoption

Flutterwave Launches Pay With Bank Transfer in Ghana for Secure Business Payments

Posted on by kara | 12928 Views | 5 min read
Flutterwave

Flutterwave, a Nigeria-based payments technology company, has expanded its presence in Ghana by integrating the Pay With Bank Transfer option in collaboration with Affinity Bank. Ghana recorded over 115 million bank transfer payments in 2023. While Mobile Money remains the dominant payment method for daily transactions, the increasing adoption of bank transfers highlights the growing

Ecobank named Africa’s Best Bank for Trade Finance in Global Finance Awards

Posted on by kara | 10193 Views | 8 min read
Ecobank

Ecobank Group, the leading private pan-African financial services group with unrivalled African expertise, is proud to have been named the Best Trade Finance Provider Bank in Africa at the Global Finance Trade Finance & Supply Chain Finance Awards 2025. Additionally, our affiliates in Burkina Faso, Côte d’Ivoire, and Rwanda have been recognised as the Best

Africa’s Digital Payments Economy to Hit $1.5T by 2030

Posted on by kara | 3336 Views | 21 min read
Africa's Digital

Africa’s digital payments economy is set to grow from strength to strength, according to a Mastercard-commissioned report by Genesis Analytics. The report states that the digital payments economy is expected to reach $1.5 trillion by 2030. As a longstanding technology partner to Africa, Mastercard continues strengthening its commitment to the continent’s digital growth through strategic