The SWIFT global payments innovation (gpi) service is the largest change in cross-border payments over the last 30 years and is the new standard. SWIFT gpi dramatically improves the customer experience in cross-border payments by increasing their speed, transparency and end-to-end tracking. Hundreds of thousands of cross-border payments are being sent every day using the
There’s no doubt that technology has already re-shaped the way the world thinks about buying and selling. Who would have thought twenty years ago that people would be shopping on their phones? Despite the huge changes to the shopping experience in recent years, it’s important to understand that we are only part-way through this journey.
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
Emirates NBD customers in the UAE will soon be able to get banking updates, track spends as well as listen to daily market briefings on their Amazon Alexa devices, as the bank continues to lead digital innovation in the MENA region with new Voice Banking solutions powered by “Amazon Web Services” (AWS). Using the Emirates
Through the strategic investment, Standard Bank has launched a mobile application, powered by Nomanini, which offers underserved informal retailers financial services for the first time CAPE TOWN, 27th August 2019—Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed
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
Over 63% of the population of West Africa is unbanked and has a high mobile usage of 83%, thus suggesting the scope of successful digital transformation of banking and fiscal operations to establish growth not only in technology usage but also in the banking customer base. The region is ripe for technological disruption and is
Ingenico, the global leader in seamless payment, analyses the disruptive trends that will transform the payment industry in the future. For Michel Léger, EVP Innovation at Ingenico: “Over the past five years, consumer behaviour and expectations have radically changed the way we make and take payments: until recently, consumers still had to pay when they
A new payment services platform, utilised by two of South Africa’s oldest member organisations, promises to open up the buy-aid market to consumers and retailers alike. Co-Switch, a newly launched closed-loop payments platform, is currently being introduced to Cape Consumers and Iemas’ members and retail partners. Cape Consumers under their Bsmart card brand and Iemas
FNB Financial Highlights: Pre-tax profits up 11% Strong contribution from Retail, Commercial and Rest of Africa Domestic customer numbers at 8.2 million Digital platform providing new growth opportunities Upsell and cross-sell drove advances growth Targeted advances growth to existing client base NIR up by 11% in a difficult market Video and podcast link of Jacques
