UnionPay Cards are Accepted in Tunisia Stimulating Tourism Businesses

Posted on by Staff Writer | 9216 Views | 9 min read

UnionPay, with a massive 7.5 billion cards in circulation globally, now accepted in Tunisia, thanks to the strategic partnership with local payment switch, Monétique Tunisie (SMT) and recent developments with major Tunisian banks, significantly expands UnionPay’s presence across Tunisia, that ensures convenient local services to a growing number of global UnionPay cardholders. This partnership has

SBM Bank Partners with UnionPay to Rollout Debit and Prepaid Cards in Kenya

Posted on by Staff Writer | 4503 Views | 15 min read

SBM Bank has partnered the leading global payment network UnionPay International to roll out its UnionPay Prepaid Card. The partnership with SBM Bank enables cardholders of UnionPay prepaid card to leverage on UnionPay’s global footprint to make both online and real-time purchases. UnionPay cards are accepted in 174 countries and regions with 55 million merchants

Virtual Card for Online Shopping Payments are on the Up, says Standard Bank

Posted on by Staff Writer | 4642 Views | 15 min read

Consumers are embracing the technology offered by virtual cards, as Standard Bank starts to see the benefits of online shopping ecosystem, nine months after the launch its virtual card proposition. In the past nine months, virtual card payments have increased by more than 300%, though they started off at a very low base. A virtual

Allied Wallet Africa Will Service X-Cart Users to Extend E-Commerce Reach

Posted on by Staff Writer | 3968 Views | 5 min read

Allied Wallet Africa, a global FinTech company offering various payment solutions in 196 countries, recently announced that they will be able to service X-Cart users to further aide global entrepreneurs. This integration will serve to simplify e-commerce for merchants all around the world. With a custom, tested integration process, Allied Wallet Africa and X-Cart products

EMVCo to Support Expanding Issuer Identification Number as Defined by ISO and IEC

Posted on by Staff Writer | 3054 Views | 9 min read

New format may impact environments beyond payments that use card details to identify and reward customers EMVCo is working to evolve the EMV® Integrated Circuit Card Specifications for Payment Systems to support both future eight-digit Issuer Identification Numbers (IIN), as well as the existing six-digit format. As the change may have implications for merchant and

Discover and Verve Mark Launch of Verve Global Card With First Transaction Event

Posted on by Staff Writer | 3849 Views | 10 min read

Verve, a leading payments technology company and Interswitch’s card scheme in Africa, and Discover Global Network, the payments brand of Discover, held an event to launch the Verve Global Card. Cardholders will now have the ability to use their Verve Global Cards on the Discover Global Network which provides acceptance at millions of merchants globally.

Mastercard Acquires Nets’ Account-to-Account Payment Business

Posted on by Staff Writer | 3305 Views | 17 min read

Advances Mastercard’s strategy to capitalize on the vast and fast-growing global Real-Time Payments opportunity Helps meet application, service and payment needs of governments, consumers, and businesses across card and account-to-account payments Further strengthens Mastercard’s existing capabilities with its proven Real-Time and Bill Pay technology and talent Mastercard has announced it has entered into an agreement

UnionPay Cards Now Accepted at all Pick n Pay Stores across South Africa

Posted on by Staff Writer | 4393 Views | 9 min read

UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its

Nigeria’s Access Bank Migrates to New ATM card solution

Posted on by Staff Writer | 4711 Views | 5 min read

Nigeria’s Access Bank has migrated its entire network of ATMs to CR2’s ATM driving and card switching solution. The project also includes the migration of the lender’s card management system, according to a company press release. As part of the deal, CR2, which is headquartered in Dublin, Ireland, will be responsible for the largest ATM

Visa has announced it has Signed a Definitive Agreement to Acquire Verifi

Posted on by Staff Writer | 2900 Views | 9 min read

Expanded chargeback capabilities will deliver greater transparency and insight to help buyers and sellers resolve disputes quickly Visa has announced it has signed a definitive agreement to acquire Verifi, a leader in technology solutions that reduce chargebacks. The combination of Verifi’s best-in-class dispute resolution tools with Visa’s suite of risk and fraud management solutions will