Leading African digital payments provider, DPO Pay, registered under One Payment Tanzania Limited, has received approval from the Bank of Tanzania to operate as a Payment Service Provider (PSP) in the country. The National Payment System Act, 2015 requires all PSPs to undergo a rigorous license application process to provide payment services in Tanzania. DPO
Today, Mastercard announces the launch of Mastercard Receivables Manager, a new, automated solution that streamlines the way businesses accept and process virtual card payments. The innovation complements Mastercard’s virtual card platform as the company provides choice in payments to players across the ecosystem and accelerates the digitization of B2B transactions across buyers and suppliers. In
(L-R): Daniel Huba, Vice President of Sub-Saharan Africa Market Development for Community Pass at Mastercard; Charles Mudiwa, Chief Executive Officer and Managing Director of dfcu Bank; and David Gerbrands, Global Head of Agri and Banking Advisory Services and Inclusive Business Ventures at Rabo Partnerships, signing the partnership agreement in Uganda. Through the Farm Pass platform,
Ordinary South Africans don’t need to be told to save more, or that they have a poor saving culture. What they need is opportunities to grow their wealth through investments that are accessible to their income level, says the founder of a local venture builder and business incubator Aions Creative Technology. There’s enough money to
Startups building in fintech and payment space in Africa are encouraged to apply through the Visa website for a chance to access training, connections, technology, and investment opportunities Visa, the leading global payments technology company is now accepting applications for start-ups to participate in the first cohort of the Visa Africa Fintech Accelerator program. The
Infor offers People365 Payroll and Time Management solutions to customers along with Infor ERP and Human Capital Management solutions to enable automated and streamlined payroll functions while ensuring compliance with the region’s rules and regulations Infor®, the industry cloud company, recently announced it is expanding its offering in the Middle East and Africa with advanced
Central banks are determined to conquer inflation, even if the last mile to price stability may be the most challenging. There is a material risk of further financial stress as the financial system adjusts to the end of low-for-long interest rates. To safeguard stability and trust, monetary and fiscal policy must operate within a “region
By Quintin van der Linde, Senior New Business Developer at Ecentric Payment Systems Africa is projected to have more than half a billion e-commerce users by 2025. In part, this can be attributed to the growing adoption of alternative payment methods in the wake of the pandemic. With 45% of the population in Sub-Saharan Africa
The size of a small, informal, or rural business shouldn’t be an obstacle to them attaining the same growth rate as larger, more formal enterprises. In fact, their smaller scale should be an advantage with fewer bureaucratic hurdles and greater flexibility. But in reality, rural businesses and informal traders are often limited by access to
Reduction in ATM deployment worldwide disguises more positive outlook in majority of markets More than half of countries see an increase in ATM installations New research from RBR’s Global ATM Intelligence Service shows that the number of ATMs installed worldwide fell by 2% in 2022 to stand at 3.0 million. The comprehensive market report and
