South African bank Nedbank is committed to prioritizing its product development to suit the needs of its personal and small business clients. To make banking services more inclusive and accessible, the bank worked with AWS Advanced Consulting Partner Synthesis to develop a software-based point-of-sale (POS) system. The solution, built on Amazon Web Services (AWS), can
Mastercard has collaborated with the Zanzibar e-Government Agency (eGAZ) to support and accelerate its ambitious digital transformation journey. This will allow different sectors across the Zanzibar islands, including tourism, to digitize payments which will significantly contribute to robust economic growth. The signing of the Memorandum of Understanding (MoU) took place at the launch of the
Leading tech and financial gateway service provider PAYM8, announced the expansion of its e-commerce offering. This comes in response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027. As consumers increasingly value the convenience, time savings, and
Paycorp, a leading provider of payment solutions, has been licensed as a direct clearing system participant by the South African Reserve Bank (SARB). This means Paycorp can now acquire payment transactions directly into the National Payments System through BankServ Africa and internationally through its principal memberships with Visa and MasterCard. As an independent non-bank participant
By Hayley Hopwood, Head of Revenue, Paystack Whether you realise it or not, there’s a good chance your company is using a financial technology (fintech) product. And even if by some slim chance it isn’t, chances are it will be in the near future. That’s as true in Africa as it is anywhere else in
In a significant move to bolster intra-African trade, the Secretariat of the African Continental Free Trade Area (AfCFTA) and Zenith Bank Plc have entered signed an MOU to develop a comprehensive online portal. This initiative aims to consolidate trade-related data and simplify business transactions across the continent, marking a pivotal step in making AfCFTA more
Banking as a Service (BaaS) and embedded finance enabler Ukheshe has partnered with Diamond Trust Bank (DTB) to provide an innovative BaaS platform in East Africa. BaaS, the provision of banking products and services through third-party distributors, is expected to grow at a compound annual growth rate of a whopping 25% in some markets, and
Network International Holdings Plc has announced its interim financial results for the half year ended 30 June 2023. The company reports good H1 2023 results with total revenue growing 19% in constant currency year-on-year (y.o.y.) demonstrating broad-based growth across all regions and business lines, with the total value of consumer payments processed with merchants across
Airtel Africa and Mastercard announced the launch of a new cross-border remittance service in partnership with Mastercard, which will enable Airtel subscribers across 14 African markets to send and receive money safely and securely, with speed and certainty. This innovative service will be rolled out in a phased approach to provide consumers with a seamless
Verifone, a leading global provider of payment solutions, announces that Mike Kohlsdorf has joined the company as CEO, succeeding Mike Pulli, who is stepping down after five years with the organization. Under Pulli’s leadership the Company went through a critical transformation from a provider of payment terminals and related legacy services to a modern FinTech
