A new study from Juniper Research has found the number of virtual card transactions will exceed 121 billion globally by 2027; increasing from 28 billion in 2022. This represents growth of 340%. It predicts the rising integration of virtual cards to existing digital wallets services, such as Apple Pay and Google Pay, will drive this growth by
Salary advance delivers significant benefits for cash-strapped employees TymeBank, South Africa’s fastest-growing digital bank, is helping South African businesses reduce their employees’ financial stress with TymeAdvance, a zero-interest solution that gives staff early access to their earned salary, while protecting them from expensive debt. “Consumers are having a tough time making ends meet, even those
One of the largest financial services groups in Africa, Nedbank, partners with Africarare to lead in the virtual world As the digital economic voyage into the metaverse starts to accelerate, major players in trade and industry are poised to develop custom experiences in this digitally enhanced world, which is being heralded as the future of
The strategic partnership is to provide a more personalized, seamless banking journey for Capitec clients Customer experience management and business process outsourcing company, iSON Xperiences, is empowering the banking industry to adopt tailor-made solutions to advance the sector’s digital offering. The company uses the powerful capabilities of technology, including AI, to create valuable customer experiences
Mastercard and Ecobank Group will deploy Mastercard Farm Pass, an award-winning, innovative solution that helps connect smallholder farmers to financial and agricultural ecosystems Mastercard Farm Pass will be rolled out leveraging the 33 countries where Ecobank has banking operations, helping millions of smallholder farmers gain digital access to markets, quality inputs, financial services, and real-time
Equity Group Holdings Plc through Equity Bank (Kenya) Ltd. has entered into an Assets and Liabilities Purchase Agreement with Spire Bank for purchase of certain assets and liabilities Equity Bank will take on Spire Bank’s 20,000 existing depositors with a deposit of approximately Kshs 1,322Million and approximately 3,700 loan customers with a loan book of
Alain Nkontchou, Ecobank Group Chairman, thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group (www.Ecobank.com), today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age
RapidCollect™ caters for the needs of business customers across Africa, as the continent is at a unique point in its history With only one account, business customers can receive funds instantly from their clients in their home country and across Ecobank’s (www.Ecobank.com) pan-African network; Ecobank business customers can now make instant automated reconciliation leveraging Ecobank’s
By Mark Chirnside, CEO & Co-Founder of Xago Technologies With the bear market trading in full swing, crypto companies are hamstrung by lower trading volumes and fees earned, which is hurting the bottom line. Finger pointing towards UST, Defi lending and general subpar operations are all leading to regulators rightly taking a stronger stance on
New capability leverages SWIFT’s insight on millions of daily transactions to flag upfront when a payment may stall because of incorrect payee details Innovation is latest in SWIFT’s strategy to eliminate friction and drive instant international payments around the world As part of its ambitious strategy for instant and frictionless transactions, SWIFT today announces a
