Direct Transact becomes first comprehensive Visa Ready partner in South Africa

Fintech enablement company Direct Transact has entered into a strategic partnership agreement with Visa, which will open up an array of multi-currency opportunities for banks, fintechs and businesses in the Central Europe, Middle East and Africa (CEMEA) region. Direct Transact (DT) has long been one of the largest Visa processors in the CEMEA region and

Pick N Pay Smart Shopper Innovates With New Digital Platform

Pick n Pay, a trailblazer in the loyalty space, celebrates its pioneering spirit as it embarks on a digital transformation journey with the launch of the Pick n Pay Smart Shopper app. This marks the start of a new era of customer engagement and convenience for Smart Shopper as it aims to become South Africa’s

Entersekt’s One-Call, Real-Time API Slashes E-commerce Card Fraud With One Simple Integration

Entersekt has announced a one-call, real-time API that will enable banks to automate cardholder updates and close the gap on e-commerce payment card fraud. With RealSync, the real-time API, card-issuing banks can now immediately act if a customer reports a credit card lost or stolen, to prevent them falling victim to online fraud. Additionally, the

BNPL, Cards and Wallets: The Technology that Connects the Dots – OpenWay

Download the report here. BNPL (Buy Now, Pay Later) wallets are no longer positioned as an invincible challenge to international card schemes. Even the most successful BNPL app providers have opted to collaborate with supposed rivals. Afterpay, for instance, has introduced the Afterpay Plus card, a contactless Mastercard product, and Klarna extended its popular “Pay

Scan to Pay Powered by Ukheshe – More Than Just Another Way to Pay

Since the brand evolution of Masterpass to Scan to Pay, Powered by Ukheshe, earlier this year, South Africa’s appetite for mobile QR payments has surged. Crafted with the user in mind, Scan to Pay is more than just a payment application – it’s a financial hub tailored for the everyday consumer. “We wanted to provide

Stitch Announces $25 Million Series a Extension Led by Ribbit Capital

The funding will be used to continue building out its end-to-end payments solutions and expand to additional markets Payments infrastructure company Stitch today announced a $25 million Series A extension, led by Ribbit Capital, bringing the total raised to $52 million. Stitch will use the funding to continue building its end-to-end payments solutions – designed

Global Purchase Volume Hits $42.7 Trillion as Economies Recover From Pandemic – RBR

Payment card spending increased by 1% in 2022 as growth in credit and prepaid volumes counteracted a fall in debit card expenditure Post-pandemic recovery drove overall growth in global purchase volume A brand-new report by RBR Data Services, a division of Datos Insights, reveals that growth in purchase volume in 2022 was driven by increasing

Mastercard and Equity Bank to Work Together to Foster Financial Inclusion in Uganda

Mastercard and Equity Bank Uganda signed a memorandum of understanding today aimed at improving financial inclusion for digitally excluded individuals, communities, and businesses in Uganda. Equity Bank intends to leverage Mastercard’s Community Pass solution to: • Issue financial inclusion cards that will serve as an online and offline store of value, enabling individuals to securely

Visa’s Digital Authentication Framework and Mastercard’s Token Authentication Framework: Getting set for this seismic shift in the payments landscape

Over the past few years, the evolution of standards such as 3D Secure 2 (3DS2) and regulations such as the Strong Customer Authentication requirements in Europe’s Payment Services Directive 2 has helped to contain the growth of card-not-present (CNP) fraud. Yet with online transactions growing at a rapid rate, the payments sector can’t afford to

South Africa: How Banks and Fintechs Can Encourage Participation In the Digital Economy – Compass Plus Technologies

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