Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest
Continued growth in merchant outlet and EFTPOS terminals numbers worldwide strengthens coverage of all schemes, but acceptance of the largest players differs significantly between regions 82% of payment terminals now accept contactless While 2021 saw long periods of lockdown and continued retail closures, the second year of the pandemic was overall a positive one for
Big ticket items and new payment methods deliver surprising data Black Friday and Cyber Monday came and went with a positive bang and a bag full of surprises, despite the concerns of pressure exerted by inflation and loadshedding. Chairperson of the ECommerce Forum of South Africa (EFSA) and PayU CEO, Karen Nadasen, shared, “Following trends from
By: Andy Jury, Group CEO of Mukuru In years gone by, pages such as these have been awash with articles and opinions about fintechs and their potential to drive financial inclusion and improve the lives of millions of unbanked and underserved communities. While these opinions have been crucial in raising awareness, the discussion should now
Halo Dot – a division of Synthesis Software Technologies, announced today that it has achieved the latest Visa Certification for its products. Halo Dot is a fintech that enables instant contactless payments on any Android device. Earlier this year, Visa published new security standards for Software Development Kits (SDKs) that enable secure digital payment acceptance
A new mobile payments application will allow businesses to securely transact in multiple currencies across Africa. Leading African digital payments company DPO Group launched DPO Pay Mobile, a new version of their payments app. With several new features, DPO listened to merchant feedback to redesign and redevelop the payment app. DPO Pay Mobile app, previously called DumaPay, now offers
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
Mastercard payment cards now accepted at Oromia Bank’s ATMs across the country EthSwitch, Ethiopia’s national payment switch, Oromia Bank and Mastercard today announced a landmark partnership that sees all the bank’s Automated Teller Machines (ATMs) in the country accept Mastercard debit, credit, and prepaid cards. From today, tourists, and local citizens carrying Mastercard payment cards
Bank One announced today its partnership with Mastercard to roll out its whole new range of world-class debit and credit cards. The bank officially unveiled the new cards menu during a cocktail organized at Domaine de Labourdonnais in Mapou, on Friday 4 November 2022, in the presence of its customers, collaborators and the Mastercard team.
BitOasis customers will be able to link their crypto wallet balances to physical or virtual cards and make fiat payments across 90 million global locations using their BitOasis Mastercard Crypto Card New payment method will accelerate crypto adoption in the region by enabling customers to make payments across Mastercard’s network. BitOasis, the leading cryptocurrency platform
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