Wirecard Expands Cooperation with lastminute.com for Global Digital Payments

Posted on by Staff Writer | 3367 Views | 9 min read

Recently, lm group processed a Gross Transaction Value (GTV) of EUR 2.3 billion globally Wirecard announces collaboration with lastminute.com, part of lm group, as an international payment acceptance provider. Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with lastminute.com and is taking over payment acceptance for the online travel and

Ecobank Transnational Incorporated Announces the Appointment of Ayo Adepoju as Group CFO

Posted on by Staff Writer | 3081 Views | 8 min read

Ayo Adepoju was appointed as the Acting Group Chief Financial Officer in April 2019 Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announces that Ayo Adepoju has been appointed as Group Chief Financial Officer, with immediate effect. As a member of the Group Executive Committee, he will report directly to the

Mastercard Acquires Nets’ Account-to-Account Payment Business

Posted on by Staff Writer | 3348 Views | 17 min read

Advances Mastercard’s strategy to capitalize on the vast and fast-growing global Real-Time Payments opportunity Helps meet application, service and payment needs of governments, consumers, and businesses across card and account-to-account payments Further strengthens Mastercard’s existing capabilities with its proven Real-Time and Bill Pay technology and talent Mastercard has announced it has entered into an agreement

Prudential Authority Imposes Administrative Sanctions on Sasfin Bank Limited

Posted on by Staff Writer | 3683 Views | 6 min read

The Prudential Authority (PA) has imposed administrative sanctions on Sasfin Bank Limited (Sasfin Bank) for non-compliance with certain provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act). The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions of the FIC Act

UnionPay Cards Now Accepted at all Pick n Pay Stores across South Africa

Posted on by Staff Writer | 4522 Views | 9 min read

UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its

Ecobank Transnational Incorporated Announces New Appointment – Group Consumer Banking Head

Posted on by Staff Writer | 2808 Views | 8 min read

Nana Araba Abban held several senior positions with Standard Chartered Bank, Royal Bank of Scotland and other institutions Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, announce appointment of Nana Araba Abban as Group Consumer Banking Head with immediate effect. Nana will be a member of the Group Executive Committee and

South African Reserve Bank on Africapacity’s Intention to Buy VBS Mutual Bank

Posted on by Staff Writer | 3467 Views | 4 min read

The South African Reserve Bank (SARB) is aware of the assertions made by Africapacity of its intention to buy VBS Mutual Bank (VBS) or part thereof. The authorisation to conduct the business of a bank/mutual bank (banking licence) is not transferable and requires a formal new application for such authority to be submitted to the

Prudential Authority Imposes Administrative Sanctions on Bank of Baroda, South Africa

Posted on by Staff Writer | 3267 Views | 10 min read

The Prudential Authority (PA) has imposed an administrative sanction on Bank of Baroda, South Africa (Bank of Baroda) for non-compliance with certain provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act). The FIC Act mandates the PA, in terms of section 45, to supervise and enforce compliance with the provisions

Nigeria’s Access Bank Migrates to New ATM card solution

Posted on by Staff Writer | 4829 Views | 5 min read

Nigeria’s Access Bank has migrated its entire network of ATMs to CR2’s ATM driving and card switching solution. The project also includes the migration of the lender’s card management system, according to a company press release. As part of the deal, CR2, which is headquartered in Dublin, Ireland, will be responsible for the largest ATM

Malaicha.com Makes Life Easier for Zimbabweans in South Africa

Posted on by Staff Writer | 6071 Views | 9 min read

A new app created by Hello Paisa makes it possible for Zimbabweans in South Africa to send essential goods and groceries back home. For Zimbabweans who are far from home, ensuring that their family is fed and looked-after is one of their most fundamental goals. This is often easier said than done, when faced with