OT Strengthens Its Portfolio in Austria with Debit Cards Integrating the Local Quick Electronic Purse

Posted on by Staff Writer | 7588 Views | 4 min read

Oberthur Technologies (OT), a leading global provider of embedded security software products, services and solutions announced the strengthening of its portfolio for the Austrian debit market by providing rechargeable debit cards integrating the Quick Electronic Purse loaded on OT’s latest contact and contactless cards. This Austria-wide electronic purse service enables cashless micro payments at small

Nordea, SEB and Swedbank are the First Banks in Sweden to Issue the MasterCard Digital Wallet for Simple and Safe Shopping Online

Posted on by Staff Writer | 7729 Views | 10 min read

MasterCard launched the global digital wallet MasterPass in Sweden – the first Nordic country to do so. Nordea, SEB and Swedbank are the first banks to issue MasterPass, making the digital wallet available for Swedish consumers. With MasterPass, consumers can easily store all their cards and shipping addresses digitally, making their online shopping safe, simple

UnionPay, La Plus Vaste Société De Carte de Payment Mondiale S’installe Dans Les Pays Francophones D’Afrique

Posted on by Staff Writer | 2464 Views | 17 min read

UnionPay International, la plus vaste société de carte de payment Mondiale avec 5 milliards de cartes en circulation à annoncé un accord avec le groupe bancaire et services financiers La Société Générale qui lui donne une entrée immédiate dans huit pays Francophones: Madagascar, Bénin, Côte d’Ivoire, Burkina Faso, Cameroun, Guinée, Sénégal et Chad. Les cartes

UnionPay, the World’s Largest Card Payment Company, Moves into Francophone Africa

Posted on by Staff Writer | 9256 Views | 14 min read

UnionPay International, the world’s largest card payment company with 5 billion cards in issue, has announced an agreement with French banking and financial services group Société Générale which gives it immediate entry to eight Francophone countries: Madagascar, Benin, Cote d’Ivoire, Burkina Faso, Cameroon, Guinea, Senegal and Chad. UnionPay cards, already accepted at Société Générale ATM

Will the Interchange Cap on Consumer Cards Boost Commercial Cards?

Posted on by Staff Writer | 6140 Views | 21 min read

Commercial cards, consisting of Business, Corporate, Purchasing and fuel cards, benefit businesses by controlling expenditure and reducing cash handling costs. Nevertheless, according to RBR’s new study Commercial Cards in Europe 2015, in many countries the sector is still not well established, and represents a major, unexploited opportunity for banks. Looking ahead, the issuance of commercial

CardFlight Announces EMV Approval and Certifications via TSYS for Mobile Point-Of-Sale Solution

Posted on by Staff Writer | 11501 Views | 12 min read

CardFlight, a leader in mobile point of sale (POS) technology announced that its suite of mobile solutions has been certified by TSYS, a leading global payments provider, to accept EMV “chip card” payments. This will enable merchants who process payments through TSYS to accept EMV payments on iOS and Android devices. Effective October 1, 2015,

MasterCard Connects Startups to its Global Network of Big Brand Partners

Posted on by Staff Writer | 7169 Views | 11 min read

MasterCard announced the new startups comprising the first global Start Path class. During the six-month program, customized mentoring from MasterCard experts, in addition to access to the company’s commercial partners and the opportunity to integrate with MasterCard solutions. The startups will also have access to nearly 40 startups who have been previously mentored by Start

MasterCard and the ‘Customer of Tomorrow’

Posted on by Staff Writer | 9630 Views | 5 min read

Speaking at the Retail Congress Africa in Cape Town recently, James House CEO of 5one, a global retail consultancy purchased by MasterCard in 2014, discussed how the evolving retail environment is changing the way retailers must engage with their customers. Customers are no longer relying on just one channel when making a purchase and this

MasterCard: The Future of Payments is Mobile

Posted on by Staff Writer | 10144 Views | 7 min read

There is a digital convergence happening in the payments space. Online shopping, mobile devices, and pervasive connectivity are redefining the roles of ‘traditional’ and ‘emerging’ payments systems, while mobile devices are blurring the lines between card-not-present and card-present transactions. Payments Afrika attended the recent Retail Congress Africa conference and had an opportunity to speak to

Number of Card-accepting Outlets Set to Double by 2020 – Can Visa and MasterCard Keep Up?

Posted on by Staff Writer | 6054 Views | 19 min read

The number of merchant outlets worldwide accepting card payments is set to double from 46.6 million at the end of 2014 to 90.3 million by 2020. This is one of the findings in RBR’s new report, Global Payment Cards Data and Forecasts to 2020. While Visa and MasterCard are currently accepted at 78% of outlets