EMVCo Promotes Confidence and Consistency for EMV CDCVM Solutions

Posted on by Staff Writer | 3288 Views | 10 min read

The deployment of Consumer Device Cardholder Verification Method (CDCVM) solutions across the payments ecosystem is increasing. EMVCo is therefore working to promote confidence and consistency by identifying and addressing specific security, functional and performance needs for CDCVM. With traditional Cardholder Verification Methods (CVM), consumer authentication is performed on the merchant system (a PIN entered into

Bank Zero has Officially Implemented its EFT Payments Capabilities

Posted on by Staff Writer | 4079 Views | 21 min read

Bank Zero has officially implemented its powerful EFT payments capabilities and started full end-to-end Beta testing ahead of the bank’s launch in the second half of 2019. Bank Zero is now processing payments and debit orders efficiently and securely, as well as facilitating purchases of prepaid items such as data, airtime and electricity. Bank Zero’s

Remitly Partners with Visa to Enhance Cross-Border Money Transfer Service

Posted on by Staff Writer | 3132 Views | 8 min read

Visa Direct offers Remitly customers the choice to send cross-border payments to recipients’ eligible Visa cards Remitly has announced an agreement to further modernize the sending and receiving of funds internationally by adding another fast, secure and transparent channel to the Remitly digital money transfer platform through Visa Direct, Visa’s real-time push payments platform. Working together,

Africa’s First UnionPay Payroll Card and Student Card Issued in Kenya

Posted on by Staff Writer | 3540 Views | 10 min read

UnionPay has been an international payment brand recognised by local consumers and institutions. UnionPay International recently announced that the partnership to issuing the first ever 300,000 payroll cards and student cards in Africa with Kenya Commercial Bank (KCB), the largest bank in East-Africa region. Cai Jianbo, CEO of UnionPay International, and Samuel Makome, COO of

E-commerce Expected to Create Local and International Opportunities for Kenyan SMEs

Posted on by Staff Writer | 3692 Views | 7 min read

Kenyan SME must embrace e-commerce as a strategy to grow their business, increase capacity and eventually attract long term financing. Business and corporate leaders meeting during the E-Commerce Kenya Conference held at Strathmore University said that ecommerce is an indispensable proposition in the growth of the SME sector. Dr George Njenga, the Strathmore Business School

United Bank for Africa: Kenya Reports a Notable 185% Growth in Profit after Tax for the Full Year Ending 31 December 2018

Posted on by Staff Writer | 3489 Views | 5 min read

United Bank for Africa, Kenya has announced its results for the period ending December 31, 2018 registering a 185% growth in Profit After Tax, overcoming a challenging macroeconomic and business environment. The profit after tax increased from KES 18.6 Million in the full year ending December 31,2017 to KES 53.1 Million for the full year

How Technology is Changing Africa’s Banking Landscape

Posted on by Staff Writer | 2713 Views | 12 min read

With 2019 now in full swing, Renovite Technologies’ Issa Keshek, regional manager for Africa, considers banking innovation and what we can expect in the year ahead. Innovation and transformation will be key themes in the African banking sector as we continue to move through 2019. Many of those who previously lacked access to financial services

Introducing Apple Card, a New Kind of Credit Card Created by Apple

Posted on by Staff Writer | 3466 Views | 24 min read

Apple® has announced Apple Card™, an innovative, new kind of credit card created by Apple and designed to help customers lead a healthier financial life. Apple Card is built into the Apple Wallet™ app on iPhone®, offering customers a familiar experience with Apple Pay® and the ability to manage their card right on iPhone. Apple

Spaza Shop Fintech Closes a Gap in this R40bn Cash Market

Posted on by Staff Writer | 3396 Views | 16 min read

It is estimated that the spaza shop market in South Africa is valued at around R40 billion per year and that 90% or more of the transactions are in cash. This market is growing at around 10% each year. Despite this alarming statistic of unaccounted cash, South Africa’s informal market is characterised by unbanked spaza

NatSave and Mastercard Sign Strategic Agreement to Drive Digital Transformation and Financial Inclusion in Zambia

Posted on by Staff Writer | 4392 Views | 9 min read

The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to transacting with cash. This is in line with the government’s goal of creating an inclusive and