By Patrick Mowatt, Compass Plus Technologies Financial inclusion is a prominent issue in South Africa; an issue that prompted the government to take action, and, in 2012, they challenged the financial sector to achieve 90% financial inclusion by 2030. Fast forward a decade and financial inclusion in the country is no longer an issue of
Absa launches first-of-its-kind augmented reality card game offering prizes and giveaways to customers and non-customers with incentives for transactional and credit card account take up. What is a bank card? Is it simply a card or a bridge to benefits, a stepway to the day-to-day amenities or a highway to the attainment of life’s greater
Mukuru, the leading next-generation financial services platform headquartered in Cape Town, has announced a partnership with online learning platform Digemy to provide financial literacy education for its users. Mukuru CSI Manager Deidré Vrede says the fintech business, which connects with underserved and unbanked users across the continent and walks them along a digital financial journey,
Mastercard, a leading global technology company in the payments industry, recently announced its partnership with SomBank, one of the innovative financial institutions in Somalia. The purpose of the partnership is to promote the adoption of digital payment solutions in the country, bringing more Somalis into the digital fold. The partnership allows SomBank to issue and
Today, Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and process virtual card payments. The innovation complements Mastercard’s virtual card platform as the company provides choice in payments to players across the ecosystem and accelerates the digitization of B2B transactions across buyers and suppliers. In
Domestic networks continue to drive financial inclusion worldwide but face an ongoing challenge to stay up-to-date on card functionality and flexibility 2% of all card expenditure is through local payment networks RBR’s Global Cards Data and Forecasts to 2027 study found that the share of spending made on domestic network cards was unchanged at 2%
Consumers in South Africa are experiencing escalating levels of financial stress and are actively seeking alternative forms of payment due to the country’s rising cost of living. The use of developing digital payments are gaining pace in South Africa and statistics show that there is a rising desire for credit among consumers with digital payment
By launching these cards, Access Bank has improved its overall offering to its retail and private bank customers In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the first American Express
Continued growth supported by product innovation and ongoing customer success cracks open new markets Payment24, the global platform provider specialising in payment and loyalty solutions, today announced that the organisation is enjoying continued growth, has significantly expanded operations and acquired several new logo clients as it diversifies its business beyond a provider of solutions for
E-commerce shoppers have been promised a frictionless checkout for years, but new moves by the card schemes will take South African consumers a step closer. Soon, local merchants will be able to offer online shoppers a faster checkout experience giving them a seamless experience, much like the ones already available on Amazon and other global
