To further the adoption of digital payments in a safe and secure manner, the RBI has issued a framework for processing of e-mandates on recurring online transactions. It has made AFA (Additional Factor of Authentication) mandatory for all recurring transactions below INR 5000 on debit cards, credit cards, even UPI and other Prepaid Payment Instruments
Partnership will leverage Mastercard’s expertise and solutions to provide SMEs and micro merchants in the Kingdom with digital payment tools Mastercard has partnered with Bahraini fintech & Payment service provider Eazy Financial Services to provide SMEs and micro merchants with digital payment tools and access to financial services that will accelerate inclusive economic growth in
Mastercard has announced the appointment of Bossman Akuffo Kwapong as Country Director for Ghana. His 20 years of experience in the financial services industry includes leadership roles in business development, banking operations, client experience, payments and digital innovation. In his new role, Bossman will manage Mastercard’s operations and relationships in Ghana, enabling strategic delivery of
The Global Prepaid Card Market size was valued at USD 2.01 trillion in 2019 and is predicted to reach USD 18.47 trillion by 2030, with a CAGR of 22.5% from 2020-2030. The global prepaid card market is on a strong growth momentum, owing to the growing demand for digital payments and a proliferating e-commerce sector,
73% of SMEs in Egypt are optimistic about the next 12 months compared to a regional average of 74% SME Confidence Index of the Middle East and Africa Research identified key areas with the greatest potential for growth with two thirds of SMEs projecting an increase in revenues in the next 12 months After facing
B2B Payments Driving Value A new study by Juniper Research has found that the global value of virtual card transactions will reach $6.8 trillion in 2026, from $1.9 trillion in 2021. Virtual cards, secure digital cards with randomly generated details, will show strong growth as they are increasingly used for B2B payments. The research identified that businesses
The collaboration between both companies includes financial support from Visa and will be spread over the five-year partnership period Carbon (ng.getCarbon.co), a pan-African fintech company providing access to basic financial services for Africans, has announced a strategic five-year partnership with Visa, the world leader in digital payments, to offer both digital and physical issuance of
In the midst of the COVID-19 pandemic, six in 10 SMMEs in South Africa anticipate growth and are proactively planning for the future Upskilling staff for the future, access to data, analytics and insights, and digitising business operations offer highest growth potential for SMMEs As the COVID-19 pandemic continues to put pressure on Small, Medium
Collaboration and co-creation accelerating digital payments uptake and financial inclusion in Africa Visa, the world leader in digital payments, showcased key innovation capabilities that will accelerate financial inclusion in Sub-Saharan Africa. Hosting industry stakeholders at an event focused on innovation, the company highlighted co-creation as an essential component in developing market-ready payment solutions to accelerate
IDEMIA launches Global Fintech Accelerator Card programme dedicated to support fintechs in South Africa in expediting the process of cardholder onboarding and card issuance According to data, fintechs continue to attract the lion’s share of venture capitalist funding. In South Africa, reports put the figure anywhere between 25-30%, meaning fintechs in the country absorbed almost
