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
Shoprite’s Money Market Account is now a full-fledged bank account. It already provides almost two million banked and unbanked customers the best deal on the market. It’s official: Shoprite’s Money Market Account is now a full-fledged, transactional bank account, the first ever offered by a South African retailer – and the lowest cost entry-level bank
FMBcapital Holdings Plc (FMBCH) announced further positive performance in the first half of the 2022 financial year, with a very strong growth in profit after tax (93% growth to US$25.2m on 2021 first half). The interim period of 2022 followed through strongly on concerted efforts from 2021, and saw the Group’s banking operations in Botswana,
Zapper users can now link their bank accounts in the Zapper app to pay their favourite merchants securely at POS, in just one click South African independent mobile payments, insights, loyalty, and rewards platform Zapper has teamed up with payments and data API Stitch via its LinkPay product, to bring the latest in payments innovation
Capitec customers now enjoy added protection when using Samsung Pay thanks to Entersekt’s SIM age validation capability, also known as MNO (Mobile Network Operator) Authentication. The silent risk signal, which recognises if a SIM card has recently been swapped, helps crack down on the concerning rise in local SIM-swap fraud. South Africans have been particularly
iPiD secures US$3.3m seed funding from Rapyd Ventures, Jungle Ventures ,1982 Ventures, Resolution Ventures, Saison Capital, the XA Network, and investor Wing Vasiksiri More than 20 financial institutions around the world signal their interest to use iPiD’s technology Alain Raes, payments industry veteran and former SWIFT Chief Commercial Officer, joins iPiD management team Fintech start-up
Tata Consultancy Services (TCS) announced that Absa Corporate and Investment Bank has selected TCS BaNCS™ Global Securities Platform to transform and modernise its investor services offerings and enrich customer experience across the trade and corporate actions lifecycle in South Africa. Absa Corporate and Investment Bank is a service leader in the African capital markets industry,
Growth of digital business with 99% of transactions happening outside the branch Growth of profit after tax, 36% Growth in Net loans to customers, 29% Growth in Net Interest Income, 28% Growth in Non-Funded Income 23% Growth in Total Assets, 19% Out of Kshs 171.4 billion Covid restructured loan book, Kshs 46.6 billion has been
Absa has expanded its digital payments universe with Google Wallet™, amid rapidly growing customer demand for convenient, innovative and secure digital payment options. “Following record increases in contactless card volumes last year, with debit and credit card usage surging by 231% and transaction volumes rising by 180%, customer demand for reliable contactless wallet payment and
The partnership will allow Kenyans living in the UK and US to send money directly from their banks, through the NALA app, instantly and at the most competitive rates to Equity Bank Kenya accounts and other mobile wallets Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed
