HPS and Datos: Unlocking the Future of Payments with Cloud Technology

Posted on by kara | 3325 Views | 4 min read
HPS

Cloud technology transforms the payments landscape, enabling financial institutions (FIs) to modernize their operations, reduce costs, and improve customer retention. With a cloud-native infrastructure, payment providers can scale faster, access advanced data analytics, and deploy new solutions more swiftly, positioning themselves ahead in a competitive market. HPS, in partnership with Datos, has explored how cloud

Thunes Partners With Access Africa

Posted on by kara | 27966 Views | 10 min read
Thunes

Thunes – a B2B payments infrastructure platform – has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries. The collaboration will enable Access Africa to facilitate inbound and outbound cross-border payments in 13 markets: Botswana, Cameroon, the Democratic Republic of the Congo, Gambia, Ghana, Guinea, Kenya, Mozambique,

African Development Bank Appoints Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet

Posted on by kara | 4069 Views | 8 min read
African Development Bank

African Development Bank Group has appointed Dr. Emmanuel Pinto Moreira as Director of Special Operations in the President’s Cabinet Office, effective 1 July 2024. Dr. Pinto Moreira, a Beninise economist, brings over three decades of experience in macro-fiscal, growth, poverty, economic governance, trade, and competitiveness-related work. His career spans middle-income and low-income countries in the

Digital Currencies: Overcoming Inertia Could Boost Banking Innovation

Posted on by kara | 4796 Views | 23 min read
Digital Currencies

Digital currencies, along with digital asset infrastructures like blockchain and unified ledger technologies, are consuming the attention of central banks around the world. New central bank digital currencies (CBDC) pilots emerge almost monthly. Despite regulators’ fascination with these technologies, local banks remain fairly cautious about their adoption. The reasons for this cautious approach vary, but

Banking Specialists Meet in Nairobi to Discuss the Transformation of Africa’s Payment Landscape

Posted on by kara | 5113 Views | 13 min read
Banking specialists

Banking specialists gathered on October 3rd in Nairobi to discuss the transformation of Africa’s payment landscape at an event organised by banking service provider Tietoevry. Participants from the Central Bank of Kenya, Co-op, NCBA, M-Pesa, KCB Bank, Kenswitch, Stanbic Bank, and others were in attendance. The overarching theme of the event was that Africa’s payment

Kazang Pay Launches Card Acquiring Service in Zambia

Posted on by kara | 9672 Views | 11 min read
Kazang Pay

Kazang, the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. Kazang Pay makes it affordable for merchants to accept card payments on the same Kazang terminal they use to sell prepaid products and services. The Kazang Pay enabled

Stanchion: Embracing the Future of Card Issuance Innovations

Posted on by kara | 7357 Views | 32 min read
Stanchion

Originally published here. A customer’s worn-out debit card has just expired. Ordering a new card is the moment the customer has been dreading. Between the expected branch visits, identity verification and long delivery times for the replacement card, it’s a time sponge. That’s why digital-first customers are looking for a different experience. If customers switched

UNDP and Visa Partner to Boost Digital Transformation and Financial Inclusion in Somalia

Posted on by kara | 6531 Views | 13 min read
UNDP

The United Nations Development Programme (UNDP) in Somalia and Visa, a global leader in digital payments have signed a partnership agreement aimed at helping accelerate the implementation of the Sustainable Development Goals (SDGs) in Somalia through digital financial inclusion and digital transformation with relevant institutions in Somalia. The collaboration was announced at an event organized

Independent ATMs Keep Cash Accessible in South Africa – ATM Solutions

Posted on by kara | 21872 Views | 15 min read
Independent ATM

Cash continues to power everyday transactions for millions across the nation. According to The South African Reserve Bank (SARB) Payments Study Report released in August 2024, South Africans use cash most often as a payment method (87%), regardless of what they buy. Only 15% use cardless payments and 8% opt for credit card, while debit

African Development Bank Group Approves $6.6 Million Grant to Strengthen Somalia’s Financial Architecture for Growth

Posted on by kara | 6068 Views | 6 min read
African Development Bank

African Development Bank Group has approved a $6.6 million grant to assist the Federal Government of Somalia (FGS) in enhancing state capacity to develop its financial infrastructure, promoting inclusive and equitable growth. The Somalia Financial Sector Development Project will concentrate on strengthening the capabilities of financial institutions, including the Central Bank of Somalia, Somalia Development