Agreement to support greater financial inclusion among unbanked in Nigeria Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, the leading enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering. Under the agreement, Network International will issue and process
The PCI Security Standards Council (PCI SSC) published a minor revision to the PCI Point-to-Point Encryption (P2PE) Standard. The PCI P2PE Standard provides a comprehensive set of security requirements for the validation of PCI P2PE solutions to protect payment card data via encryption. PCI P2PE v3.1 includes clarifications and updates previously released via bulletins and
EMV® 3DS Version 2.3 expands support for digital channels and devices to help issuers, acquirers and merchants fight card-not-present fraud, while improving the consumer experience. Global technical body EMVCo has enhanced the EMV® 3-D Secure (3DS) Specifications to improve the consumer experience and fraud fighting capabilities for issuers, acquirers and merchants across e-commerce channels and devices. The latest version,
SME-in-a-Box solution will enhance the Small and Medium Enterprise (SME) customer value proposition and support the enablement of a digital-first approach for merchant mobile payments Partnership will drive secure electronic payments and digital transformation of SMEs, which represent 97% of all businesses in Zambia Mastercard has partnered with Zambian-based fintech company, Digital PayGo, to launch
Buy Now, Pay Later (BPNL) services are making headlines this year. Fintechs, big tech and merchants are forming new alliances to produce attractive financing options that are surging in popularity. How is this diffferent from instalment plans? How will this affect credit card companies and international payment schemes? Can you be sure that this is
Mastercard has welcomed the banking-as-a-service (BaaS) provider and modern card issuing platform, NymCard, as the newest company to join its Network Enablement Partner program, providing it with the ability to deliver Issuances in record time. As a Network Enablement Partner, NymCard gets a direct connectivity with Mastercard, providing it with privileged access to Mastercard’s core
Lulu Exchange will be the first exchange house in the UAE to enable debit cards on its payments app LuLu Money Service will use multi-rail processing gateway MPGS (Mastercard Payment Gateway Services) to enable power, speed, and security of transactions Mastercard has entered a strategic partnership with Lulu Exchange to enable UAE consumers to carry
Strive kicks off with initial commitment of $25 million in philanthropic funding to strengthen financial resilience and growth of small businesses globally Micro and small enterprises are important contributors to job creation and global economic development, representing approximately 90% of business and more than 50% of employment worldwide. However, the pandemic necessitated a rapid shift
New Visa research reveals that 54% of ‘cash only’ merchants have missed business opportunities, with 70% of women-owned businesses expecting eCommerce to expand beyond the pandemic September 23rd, 2021 – As the rate of women entrepreneurs across Sub-Saharan Africa continues to rise, Visa is expanding its global She’s Next initiative to empower women entrepreneurs on
New resources enable use of EMV Payment Token data for EMV 3DS authentication to support improved consumer experience. Global technical body EMVCo has published new resources to help card issuers and merchants to optimise the EMV® 3-D Secure (EMV 3DS) authentication experience for online shoppers when EMV Payment Tokens are in use, enhancing the fraud-prevention benefits that EMV 3DS provides.
