Hamdok Hails the First Visa United Capital Bank (UCB) Card as A Symbol of Sudan’s Reintegration in Global Economy

The card issued by United Capital Bank (UCB), a leading bank in the market was presented to Hamdok by Yousif Ahmed El-Tinay, CEO and General Manager of UCB UCB is planning to launch more Visa products for a growing customer base; Sudanese banks attracted about US 500 million dollars following the recent decision on the

Ooredoo, Mastercard and QNB Announce the Launch of Mastercard Contactless Tap & Go and Virtual Prepaid Cards

Mastercard Virtual Prepaid Card enables immediate issuance of digital cards to enable safe and secure online payments Mastercard Contactless Tap & Go Cards allows customers to shop wherever you see the universal contactless symbol for an easier and safer checkout  Ooredoo Qatar, Mastercard and QNB have announced the launch of the first-of-their-kind Ooredoo Money Virtual

Worldline Achieves Mastercard “Enhanced Contactless” Certification on its New Contactless Standard

Worldline is proud to announce that the first terminal series supporting the new Ecos kernel have obtained certification from Mastercard. This includes the entire Telium Tetra platform. Worldline, the European market leader in payment and transactional services, is proud to announce that the company is the world’s first payments player to achieve Mastercard Enhanced Contactless

RBR | Banks Show Increasing Interest in Pooling and Sharing ATMs

Cost pressures are driving banks in more countries to consider pooling or sharing of ATMs, which offers deployers a way of maintaining access to cash while reducing operational costs Cashless payments continue to rise, but cash provision remains crucial RBR’s Global ATM Market and Forecasts to 2025 shows a prolonged decline in demand for cash

Women Entrepreneurs are Making Progress in South Africa, but Challenges Persist – Mastercard Index

While women entrepreneurs are making strides to overcome gender-related biases and advance their businesses in South Africa, they still face several structural and social obstacles, many of which have been exacerbated by the Covid-19 pandemic. This is according to the South African results of the latest Mastercard Index of Women Entrepreneurs Index (MIWE), announced on

Mastercard Completes Acquisition of Nets’ Account-to-Account Payment Business

Mastercard has completed its acquisition of the majority of the Corporate Services business of Nets, a leading European PayTech company, having met the conditions set out by the European Commission in its approval in August 2020. The additions to Mastercard will support a broader set of account-to-account capabilities, including clearing and settlement instant payment infrastructure,

Mastercard Partners with Hellopay to Bring Contactless Payments to South Africa’s Informal Economy

Hellopay to roll out Mastercard Tap on Phone technology, enabling small businesses to accept contactless payments using their NFC-enabled Android phone Hellopay, South African payments facilitator and the financial services arm of the Hello Group, and Mastercard today announced a partnership to roll out SoftPOS – a contactless acceptance solution that turns any NFC-enabled Android

SARB | Consultation Paper on the Feasibility of Establishing a Domestic Card Scheme in South Africa

The South African Reserve Bank recently launched a consultation paper on the feasibility of a domestic card scheme. According to their consultation paper, the purpose of this consultation paper is to obtain opinions, views, and suggestions on the feasibility of establishing a domestic card scheme and to request stakeholders to complete a questionnaire in this

RBR | Commercial Card Spending will See Strong Recovery Post-COVID-19

Despite being hit hard by travel restrictions in 2020, the long-term future for the commercial card sector is bright, with spending forecast to hit new highs by 2022 More than half of commercial card expenditure is on charge cards European commercial card spending rose by 11% in 2019 to €366 billion and accounted for 8%

Faisal Islamic Bank Becomes First Sudanese Bank to Obtain Mastercard License through Network International Partnership

Enabling digital transactions in Sudan supports Mastercard continued effort to bring 1billion people into the digital economy by 2025. Partnership will enable bank customers and businesses with greater choice and convenience in shopping.   Faisal Islamic Bank (FIB) in collaboration with Network International, the leading enabler of digital commerce across Africa and the Middle East,