Boston Consulting Group (BCG) Global Payments Report 2023 | Key to Growth Is Creating Disruptive Solution

Posted on by Staff Reporter | 5337 Views | 22 min read

The global payments industry has come a long way over the past decade—and in a myriad of directions. Consumers and companies have shifted from cash to a burgeoning and integrated system of electronic payments solutions and value-added services. Payments have become more accessible, with innovations such as digital wallets, QR codes, and mobile money accelerating

Little App, Absa, and Visa Introduce Convenient NFC Payment Feature for Taxi Drivers

Posted on by Staff Reporter | 82394 Views | 13 min read

Little App, a leading Pan-African “everyday everything” app, has joined forces with Absa Bank Kenya PLC and Visa, a world leader in digital payments, to unveil an innovative Near Field Communication (NFC) payment feature. This collaborative effort aims to streamline and expedite the payment process on Little App taxis by allowing drivers to accept card-based

Direct Transact becomes first comprehensive Visa Ready partner in South Africa

Posted on by Staff Reporter | 63276 Views | 12 min read

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

Posted on by Staff Reporter | 93902 Views | 12 min read

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

Posted on by Staff Reporter | 150873 Views | 16 min read

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

Posted on by Staff Reporter | 158526 Views | 7 min read

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

Posted on by Staff Reporter | 77119 Views | 12 min read

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

Posted on by Staff Reporter | 65134 Views | 10 min read

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

Posted on by Staff Reporter | 39817 Views | 13 min read

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

Posted on by Staff Reporter | 56644 Views | 10 min read

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