Worldline Continues to Build its PPaaS Solution, at the Heart of its Terminals, Solutions & Services Transformation Roadmap

Posted on by Staff Writer | 2750 Views | 19 min read

Worldline announced that it has completed the second phase of development of its new “Payments Platform as a Service” (PPaaS) solution. Worldline, the European leader in the payments and transactional services industry, has announced that it has completed the second phase of development of its new “Payments Platform as a Service” (PPaaS) solution. The commercial

Saudi Payments Launches Instant Payments System ‘sarie’ in Cooperation with IBM and Mastercard

Posted on by Staff Writer | 3037 Views | 19 min read

The system aims to increase non-cash transactions in the Kingdom, supporting “Saudi Vision 2030” Saudi Payments, under the supervision of the Saudi Central Bank (SAMA) announced the launch of Saudi Arabia’s instant payments system ‘sarie’ in cooperation with IBM (NYSE: IBM) and Mastercard (NYSE: MA), the leading technology company in the global payments industry. This collaboration marks

Mastercard Enters into Strategic Partnership with Central Bank of Iraq to Advance Digital Payments in the Country

Posted on by Staff Writer | 2872 Views | 13 min read

Initiative will target the education sector followed by an expansion into other sectors Alliance set to reduce use of cash, drive financial inclusion, and encourage changes in consumer behavior to foster economic development Mastercard signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country’s payment ecosystem in a bid to boost financial

Customers Can Now Pay Small Businesses Via WhatsApp

Posted on by Staff Writer | 3958 Views | 12 min read

Nedbank, in collaboration with Mastercard and Ukheshe, has launched Money Message, a new payment platform that lets small and microbusinesses conveniently receive secure in-chat payments from their customers via WhatsApp. A first in South Africa, the solution will enable merchants to send an invoice requesting a payment from any customer seamlessly through WhatsApp. Their customers in

The South African Reserve Bank Modernises the National Payment System with the DebiCheck Project

Posted on by Staff Writer | 3116 Views | 7 min read

The South African Reserve Bank, as part of the modernisation of the national payment system (NPS), embarked on the Authenticated Collections (AC)/DebiCheck project. This project is a first of its kind that seeks to address the increasing levels of abuse in the debit order payment system, known commercially as the early debit order (EDO) payment

FNB Sets a New Standard in Protecting Customer Data

Posted on by Staff Writer | 3683 Views | 15 min read

The Bank helps make updating and protecting data easy for customers & SMEs As data privacy and protection continues to gain prominence globally, FNB has set a new norm in the South African banking industry through the launch of innovative tools enabling individual and business customers to manage and update their information and ensure compliance

Daniel Mminele Steps Down as Absa Group Chief Executive

Posted on by Staff Writer | 3495 Views | 9 min read

The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021. The parties have not managed to achieve alignment in relation to the group’s

FSS | Building the Intelligent Future of Payments

Posted on by Staff Writer | 2930 Views | 37 min read

Building the Intelligent Future of Payments Interview with N. Sathish Dy CPO, FSS Retail Payments Can you elaborate on the role of AI in payments? Globally, financial institutions have accelerated digital business transformation programs for long-term growth and profitability. Embedded AI is at the heart of this digital transformation and its applications are gaining momentum

Standard Bank | After a Cautious Start, Africa’s Policymakers Should Accelerate the Implementation and Adoption of AfCFTA

Posted on by Staff Writer | 3758 Views | 20 min read

By: Vinod Madhavan, Head of Trade at Standard Bank Group Africa’s policymakers need to ensure that the momentum behind the African Continental Free-trade Area (AfCFTA) is not lost following the trading bloc’s launch in January. This initiative could act a much-needed stimulus for the continent’s economies in the wake of the COVID-19 crisis. Signed in

Mastercard Track™ Business Payment Service Welcomes HSBC UAE as Part of Mission to Help Modernise the Middle East and Africa’s B2B Payment Ecosystem

Posted on by Staff Writer | 3428 Views | 6 min read

HSBC launches Mastercard Track™ Business Payment Service for commercial customers in the UAE Technology leader Mastercard continues to deliver on its promise to modernise business payments worldwide and across the Middle East and Africa region, announcing a new partnership with HSBC that will provide the bank’s commercial customers in the UAE with an enhanced business-to-business payment