First international money transfer service of its kind within a native mobile wallet in the U.S., offering seamless cross-border payments The in-app ‘Money Transfer’ service powered by Travelex, a Finablr company, makes international payments easier than ever, right from the Samsung Pay app. Samsung Pay users in the U.S. can now send money to recipients
SWIFT is expanding options for customers moving to the cloud, announcing today both an initiative to smooth their migration to large public cloud providers such as Microsoft and Google Cloud, as well as the next generation of SWIFT’s own private cloud platform. SWIFT already has a proof of concept in place with Microsoft, building on
SA’s leading retail bank has again produced a solid set of interim results. Their affordable banking solution that is simple to understand, transparent and helps clients improve their financial lives continues to resonate with consumers from all walks of life. Capitec obtained an average client growth of almost 200 000 clients per month over the
To transform bank cards into vectors of change in favour of the environment. That is MCB’s chosen vision, through the implementation of its “Your card for change” program launched earlier this year in May. Through this programme, MCB donates 10 cents, for each transaction made with a debit card, to a fund destined to the
Emirates NBD, a leading banking group in the region, today announced that it has created E20., the UAE’s first digital business bank for entrepreneurs and SME businesses. E20. will enable start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs and small-to-medium sized companies to open a bank account and carry out their day-to-day banking
To provide easy, fast and more convenient digital financial services to millions of Moroccans inwi, Moroccan telecom operator known for its digital innovations, has recently launched its mobile money service “inwimoney”. The service works on Comviva’s mobiquity® Money, one of the world’s largest mobile money platform. The service offers consumers a quick, convenient and secure way
Yet, as digital payments continue to grow, banks can tap into US$500 billion opportunity in new payments revenue if they adopt innovative business models As much as 15% of banks’ global payments revenue, or US$280 billion, is likely be displaced by the growth of digital payments and competition from non-banks, as payments become more instant, invisible
AccèsBanque Madagascar in partnership with UnionPay International launched the first UnionPay. The UnionPay debit cards are accepted by automated teller machines and point of sale terminals in all UnionPay International networks. This launch event is attended by UnionPay representative, government officials, and ambassadors, giving a new image of banking industry in Madagascar. This announcement has
Nets Fraud Ensemble uses machine learning to reduce fraudulent transactions by up to 40% Nets, a leader in the European payments industry, has collaborated with multinational professional services provider, KPMG, to develop Nets Fraud Ensemble, a next-generation fraud monitoring and prevention solution. As the total annual value of fraudulent transactions across Europe hits €1.8 billion,
Sasfin posted a 32.05% growth in headline earnings to R161.305 million (June 2018: R122.152 million) with an increase in headline earnings per share of 31.42% to 501.00 cents (June 2018: 381.21 cents) for the year ended 30 June 2019. According to Group Financial Director, Angela Pillay, the growth in the earnings is primarily due to
