Mastercard Global Outlook 2021 Highlights Permanent Shift to Digital and Opportunity to Boost Financial Inclusion in the Middle East and Africa

Posted on by Staff Writer | 6768 Views | 24 min read

Mastercard Economics Institute report estimates that 20-30% of the COVID-related surge in e-commerce spending to be a permanent feature in share of overall retail spending Young and digitally savvy populations across the Middle East and Africa (MEA) are key to long-term growth outlook, but youth unemployment poses a threat to growth prospects The opportunity for

Malawi’s NBS Bank Launches Ecommerce Platform and Online Payment Gateway with Network International

Posted on by Staff Writer | 10110 Views | 11 min read

Enables bank to expand its offering to power digital payment acceptance among SMEs, large corporations, public institutions and individuals NBS Bank, a leading commercial bank in Malawi, launches its state of the art e-commerce platform, powered by Network International (www.Network.ae), the leading enabler of digital commerce across Africa and the Middle East. The implementation of

FirstBank Begins the Year with an Innovative, Convenient Virtual Payment Card

Posted on by Staff Writer | 4379 Views | 9 min read

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account. The FirstBank Virtual Payment Card is a suitable alternative

WIZZIT Digital Launches SoftPOS with PIN Mobile Payment Solution

Posted on by Staff Writer | 4227 Views | 16 min read

Software only solution enables smartphones to be used for PIN protected contactless transactions for any amount with no additional hardware required WIZZIT Digital has launched its Tap2Pay SoftPOS with PIN solution and is due to go live with an initial launch customer – one of the largest Pan-African commercial banks – during February 2021. The launch followed the certification

GCB Bank Puts in Tailor-Made Services for Customer Satisfaction

Posted on by Staff Writer | 4077 Views | 4 min read

GCB Bank reopened its Derby. Avenue Branch at a ceremony held on 4th January 2020. The branch was commissioned by Mr. Kofi Adomakoh, the Managing Director. In delivering his speech, the Managing Director acknowledged and thanked the customers for their loyalty and patronage MD of GCB Bank, Mr. Kofi Adomakoh cutting the ribbon at the

FNB | Global Recognition for SA’s Best Business Bank

Posted on by Staff Writer | 3921 Views | 15 min read

Bank on the Global SME bank of the year! FNB’s market-leading approach to providing helpful and contextual financial solutions to support business customers has been recognised through the accolade of Global SME Bank of The Year at the Global SME Finance Awards Ceremony late in 2020. Managed by the IFC, the SME Finance Forum was

Mastercard Pioneers Cloud Tap on Phone, its First Pilot of Cloud Point of Sale (POS) Acceptance Technology

Posted on by Staff Writer | 3423 Views | 17 min read

Mastercard and its partners move services to the cloud, democratizing access to payments technologies. Move unlocks opportunities for partners worldwide to enable contactless payments acceptance via a mobile phone. Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a Napa, Calif.-based independent IT Services provider. Cloud

Banking 2020, Digital Transformation, Past the Tipping Point – CR2 Webinar with Brett King and Guests

Posted on by Staff Writer | 6409 Views | 3 min read

“Banks are competing with technology companies who can onboard customers in real-time and scale at digital scale. Banks need to think of themselves as a technology company first, and a bank second”.  Brett King, CR2 Webinar, 2020 It was a privilege to have futurist and bestselling author, Brett King discuss banking in a COVID and

SWIFT Community Update – Focus on South Africa: The Future of Payments in an Evolving Digital Landscape

Posted on by Staff Writer | 3212 Views | 23 min read

The global payments industry is undergoing major change and transformation. With the rate of change accelerating, the financial industry must continue to evolve and innovate in order to stay ahead of customer expectations and deliver instant, frictionless, transactions. SWIFT’s 2020 Community Update – Focus on South Africa, brought together market leaders and industry experts to

Ovamba & Singularity Launch TradeTech Partnership in Egypt

Posted on by Staff Writer | 4272 Views | 8 min read

Singularity are the first to sign a Reseller Agreement with Ovamba in the region TradeTech innovator, Ovamba Solutions (www.Ovamba.com) and financial services provider, Singularity Finance (www.Singularity.finance) have partnered to deliver financial inclusion and growth capital to small and growing businesses in Egypt. Singularity are the first to sign a Reseller Agreement with Ovamba in the