Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

Posted on by kara | 41121 Views | 22 min read

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

Over 10 Innovative CBDC Card Services Launched in Six Months on OpenWay’s WAY4 System

Posted on by kara | 43680 Views | 8 min read

In just 6 months after Kazakhstan launched the digital tenge, its Central Bank Digital Currency, over 10 innovative CBDC card services have become available to the country’s population of 20 million. Altyn Bank, Eurasian Bank and Halyk Bank leveraged the Way4 digital payments software system to swiftly join this CBDC project and onboard 72% of

Rand Merchant Bank Wins Global Trade Review Best Trade Finance Bank in Southern Africa and Best Trade Finance Deal in Africa With Sovereign Trade Finance Deal

Posted on by kara | 13682 Views | 12 min read

In the recent Global Trade Review (GTR) awards announcement, RMB has been awarded as the Best Trade Finance Bank in Southern Africa and for the Best Trade Finance Deal in Africa for the Sovereign Trade Finance transaction – a collaboration with the Multilateral Investment Guarantee Agency (MIGA) and the Ministry of Economy and Finance for

Berhan Bank and Mastercard Launch Innovative Prepaid Card for International Transactions

Posted on by kara | 26172 Views | 10 min read

In a significant move towards enhancing digital financial inclusion, Berhan Bank, in collaboration with Mastercard, has announced the launch of a co-branded prepaid card designed to revolutionize online international transactions. This strategic collaboration aims to cater to the growing needs of international travelers and diaspora communities by providing secure and convenient means of conducting digital

Accel-KKR Welcomes Tim Sherwin to Entersekt Board of Directors

Posted on by kara | 21637 Views | 8 min read

Accel-KKR, a technology-focused private equity firm, today announced the appointment of Tim Sherwin, former CEO and Co-founder of Cardinal Commerce, to portfolio company Entersekt’s board of directors. Entersekt, the financial authentication company, provides financial institutions around the world with digital banking fraud prevention and payment security solutions. As former CEO and Co-founder of Cardinal Commerce,

Access Bank Group and Mastercard Join Forces to Expand Opportunities for Cross-Border Payments for African Businesses and Consumers

Posted on by kara | 11528 Views | 13 min read

A leading multinational bank, Access Bank Group, has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. By leveraging the network and treasury capabilities of Mastercard Move, Access Bank, through its cutting-edge Access Africa platform,

iiDENTIFii Announces Strategic Channel Partnership

Posted on by kara | 14256 Views | 10 min read

South African face biometrics leader iiDENTIFii has announced that local cybersecurity provider CYBER1 Solutions, will represent their award-winning solution in South Africa. CEO of iiDENTIFii, Gur Geva, says, “We’re thrilled about the increased momentum our platform is gaining in the region through this strategic move. Collaboratively, we aim to provide a greater number of businesses

Crown Agents Bank and Invest Africa Launch the Payments Exchange Series

Posted on by kara | 12077 Views | 10 min read

A strategic campaign to drive the payments discussion forward in Africa Crown Agents Bank, the specialist provider of foreign exchange (FX) and cross-border payments for hard-to-reach markets, and Invest Africa, a leading platform for business and investment opportunities in Africa, today announces a new collaboration, ‘The Payments Exchange’. The campaign will drive new insight and

International Supervisory Community Meets to Discuss Challenges Ahead for Global Bank Supervision and Regulation – BIS

Posted on by kara | 14395 Views | 13 min read

International Conference of Banking Supervisors endorses the revised Core principles for effective banking supervision. Basel Committee agrees to consult on guidelines for strengthening banks’ counterparty credit risk management. Agrees to publish an analytical report on the digitalisation of finance. Over 220 central bankers and banking supervisors representing more than 90 jurisdictions met on 24-25 April

Sustainable Account in Africa – Standard Chartered Kenya

Posted on by kara | 15063 Views | 8 min read

Standard Chartered Kenya has today announced the launch of its first Sustainable Account in Africa, in response to growing momentum in the sustainable finance arena. Aligned to Standard Chartered’s commitment to enhance access to sustainable finance, the Sustainable Account provides clients an opportunity to participate in sustainable development by having surplus cash referenced against Standard