Ukheshe and Coinvest Join Forces to Facilitate Payments to Students in Need

With the national unemployment rate hovering at around 40%, it’s clear quality education is a necessity in South Africa, but despite the dire need higher education remains out of reach for millions of young people.  With the aim of providing individuals from disadvantaged backgrounds with the financial assistance they need to pursue a degree, the

OpenWay Launches Card-and Wallet-as-a-Service Platform for CaaS Providers Across the Globe

OpenWay proudly announces that its Way4 Card-as-a-Service enabling platform, recently launched in Europe and already recognized as one of the top CaaS technology solutions on the market, is now available to Card-as-a-Service and Wallet-as-a-Service providers all over the world. The solution is based on the award-winning Way4 digital payment platform. It is designed for CaaS

Equity Group Appoints Group Chief Operating Officer (GCOO)

Samuel Kirubi, has been promoted to the position of GCOO from his current role of Managing Director of Equity Bank Uganda In his seven years of duty in Uganda, he turned around the entity from No 16 to the 5th most profitable bank in Uganda and the 6th largest bank in deposits and assets He

Following Increased Black Friday Activity in 2021, Customer Spend Set to Grow Throughout November

Absa processed over R60 billion worth of transactions last Black Friday, a trend which is expected to continue this year. As the first Black Friday falling outside of lockdown restrictions in two years, Absa anticipates further growth in debit and credit card spend as one of South Africa’s busiest shopping periods approaches. “Following a record

Equity Group Reports Strong 3rd Quarter Performance

Kshs.34.4 billion, PAT and Kshs.1.264 trillion assets 28% Profit After tax growth 31% growth in Non-funded income 27% growth in Earnings per Share 15% growth in customer deposits 21% growth in net loans Equity Group Holdings Plc today reported Kshs.34.4 billion shillings profit after tax for the nine months to 30th September 2022. The Group recorded

PCI SSC Publishes New Standard for Mobile Payment Solutions

The PCI Mobile Payments on COTS (MPoC) Standard Provides Flexibility in Mobile Payments Acceptance and Mobile Payment Acceptance Solutions Development Today the PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN

Black Friday Set to Surpass Christmas Sales

With the imminent arrival of the Black Friday promotion frenzy, NielsenIQ has analysed the dominance of this shopping phenomenon and found that Black Friday was bigger than the traditional festive season purchase week in December 2021.  In fact, during Black Friday, more than half the volume of all FMCG products was sold on promotion, equating

Adumo Raises R190 Million to Consolidate and Develop its Recent Acquisitions

Adumo, the leading independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions. CEO of Adumo, Paul Kent commented, “Local consumers are following a global trend of demanding digital and flexible methods of making cashless payments, through alternative methods. Likewise, merchants

Hibret Bank and Mastercard Partner to Give Small Businesses A Boost through E-Commerce Payment Solution

Powered by Mastercard Payment Gateway Services (MPGS), Hibir e-commerce will enable businesses in Ethiopia to sell their products and reach new international customers online Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind

Fintech Emerging as Africa’s Most Vibrant Sector, Finds Mastercard Study

White paper finds that fintech companies have tied up with banks, mobile network operators (MNOs), and other stakeholders to develop wide-ranging solutions for consumers, micro and small merchants Study further found that regulators across multiple African countries have adopted a collaborative approach to enable the introduction of new solutions by fintech companies Fintech startups in