By Salomon Erasmus, Regional Head: Strategic Business Development at Network International The South African banking sector remains fiercely competitive with challenger banks and niche lenders intensifying the race. When it comes to securing both the lucrative SMME sector as well as a consumer market more willing than ever to switch, finding ways to curate and
How can banks cope with changes in a challenging environment and what are their options for updating their payment technology? Download the latest White Paper by Aite-Novarica Group to understand the current trends in retail payments. The report evaluates the need for banks to modernize their payment infrastructure by adopting the Cards-as-a-Service (CaaS) model. CaaS
Enables access to over 100 markets covering 90% of the world’s population with simple integration Mastercard introduced Cross-Border Services Express, a new tool that enables financial institutions to seamlessly set up international payments for their customers, including consumers and small and medium-sized enterprises (SMEs), which have a strong need for improved cross-border payment capabilities. Increasingly,
Digital banks and card issuers are pressured to compete like sprinters. It took Timo in Vietnam only 4 months to launch an award-winning digital bank with a unique human touch concept that targets 5 million cardholders. Enfuce, a recognized CaaS leader in Europe, onboards B2B clients in 8 weeks instead of the industry average of
The Bank of Namibia (BoN), in its ongoing pursuit of digital transformation for the central bank and modernisation of the financial sector to achieve higher levels of financial inclusion, has concluded a visit to the Central Bank of Kenya (CBK). The visit aimed to enhance the Bank’s capacity to effectively manage financial risks emanating from
ePayResources® and the ATM Industry Association (ATMIA) are pleased to announce they have entered into a partnership to strengthen their mutual missions of empowering their members to be informed, compliant, and competitive in the payments sector. This partnership agreement enables ePay and ATMIA to access expanded industry education, advocacy, market research, and networking resources as
Real value comes from giving merchants a choice of gift and loyalty solutions so they have the features they need to optimize customer experiences. Building customer loyalty is crucial to competitiveness in today’s retail environment, and some merchants can invest time, resources, and capital into effective ways to retain and engage customers. However, a simple
New integration will enable seamless connection to global financial networks, including SWIFT Financial institutions can simplify cross-border payments for their corporate clients with expanded financial network connectivity from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. Through an integration with Axletree, clients of Payments Exchange and Enterprise Payments
Public and private sector leaders from across Africa join Vice President Harris in Zambia to identify opportunities to close the digital divide. Mastercard calls for public and private sector alignment on Africa’s shared digital ecosystem. Mastercard’s Community Pass platform aims to enable 15 million people on the continent – mostly smallholder farmers – to participate
Company to require all payment cards to be Card Eco-Certified by 2028 Mastercard today announced it is accelerating efforts to remove the first–use, PVC plastics from payment cards on its network by 2028. This move further reinforces the company’s sustainability commitments and scales the accessibility of more sustainable card offerings for consumers seeking a way
