Payment rails can be global or local in nature, and different options might be preferred for different businesses, depending on what their payments needs are and what they’re looking to achieve as a business. In this guide, we look at the existing payment rails in South Africa and how they work together. The payments landscape
Paymob, a prominent financial services enabler in the MENA region, has announced the launch of its new embedded checkout experiences for merchants, marking a significant extension of its partnership with the commerce platform Shopify. This new initiative is set to revolutionise the way merchants handle transactions, providing them with advanced card and wallet payment options
Paymentology’s cloud-first card issuing, and analytics platform powers Waafi by Salaam Bank to launch digital and physical cards across Somalia Paymentology, the leading global issuer-processor, proudly announces its partnership with Salaam Bank’s Waafi, on the launch of its co-branded tokenised tap-to-pay digital companion card, and physical card, for Waafi mobile app users in the Horn
In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travellers and diaspora communities by providing secure and convenient means
I&M Bank has collaborated with Mastercard to launch the new Business Credit Card proposition, a comprehensive financial tool designed to help businesses manage day-to-day expenses more effectively and support global operations. This initiative marks another longstanding engagement between I&M Bank and Mastercard. The Business Card proposition comprises the Business Credit Card and the World Business
Standard Bank continues to receive customer queries relating to potential fraud. The Bank’s fraud mitigation measures are robust and continue to protect and inform customers of any potential fraud on their accounts. Due to the nature of these incidents, Standard Bank issued a direct fraud notification to impacted customers on 2 July 2024. This contributed
VezoPay has introduced Africa’s inaugural smart ring, heralding a new era in contactless payment solutions across the continent. Engineered for convenience and security, the VezoPay smart ring epitomizes innovation with its array of cutting-edge features. The VezoPay smart ring enables lightning-fast contactless payments in just 1 second, seamlessly connecting your hand to any terminal. It
Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer
Eurasia’s first CBDC cards, recently launched in Kazakhstan, have provided 20 million consumers with a convenient, tangible way to manage their funds in CBDC (Central Bank Digital Currency). Today, plastic cards in the digital tenge currency are used for both in-store and e-commerce purchases and are accepted globally through the Mastercard and Visa networks. The
Mastercard has announced a groundbreaking $2.04 million investment in partnership with Wowzi, Africa’s premier influencer marketing platform, and Masria Digital Payments (MDP). This collaboration aims to transform the financial management landscape for content creators through innovative digital card solutions. The five-year initiative will provide Wowzi’s content creators access to a range of digital card benefits.
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