Cellulant’s Payment Processing Platform to Power Online and Offline Payments for Businesses in Africa

Posted on by Staff Reporter | 27136 Views | 12 min read

The payments market in Africa is experiencing rapid growth, mainly due to advancements in peer-to-peer (P2P) and consumer-to-business (C2B) payment solutions  Cellulant (https://www.Cellulant.io), a leading payments technology company, aims to change how businesses in Africa make and receive payments by introducing online and offline payment solutions. The payments market in Africa is experiencing rapid growth,

Mukuru Drive-Thru Takes Innovation to the Next Level in Zimbabwe

Posted on by Staff Reporter | 14440 Views | 9 min read

The Chisipite Drive-Thru is one of the fintech’s new locations in Zimbabwe, along with nine other sites for domestic and international money transfers launched across the region in February   Mukuru (https://www.Mukuru.com) recently launched a first-of-its-kind drive-thru service in Chisipite, Harare, to enhance its promise of making financial services more accessible to people in Zimbabwe. The

Visa Foundation Outlines Commitment to Support Women Entrepreneurs in Africa

Posted on by Staff Reporter | 15079 Views | 11 min read

Visa Foundation expects to commit more than $5 million to expand equitable access for women in Africa Today Visa Foundation announced that it expects to contribute $5 million in grants and impact investments in Africa that will support women’s participation in the digital economy.  The Foundation investments were made in connection with United States Vice

Mastercard and EthSwitch Partner to Drive Digital Transformation of the Payments Sector in Ethiopia

Posted on by Staff Reporter | 84435 Views | 15 min read

With momentum building, EthSwitch joins hundreds of organizations that are already using Mastercard Send™ to speed up and improve fund transfers for billions of people in 100+ markets. EthSwitch will leverage Mastercard’s global network and digital payments capabilities to allow fast and secure transfer of funds. EthSwitch, Ethiopia’s national payment switch has signed a Memorandum

Boitumelo Mosako Assumes Office as DBSA CEO

Posted on by Staff Reporter | 16249 Views | 15 min read

The Development Bank of Southern Africa (DBSA) is pleased to announce that Ms Boitumelo Mosako assumed office as its new Chief Executive Officer and a Director of the Bank’s Board of Directors effective 1 April 2023. The appointment and handover process which kicked off in February 2023 has gone seamless, led by the Board with

EMVCo, FIDO Alliance and W3C Extend Collaboration to Promote Seamless and Secure Web Payments

Posted on by Staff Reporter | 9685 Views | 9 min read

EMVCo, the FIDO Alliance and the World Wide Web Consortium (W3C) have renewed the charter for the Web Payments Security Interest Group (WPSIG) for a further two years.  Formed in 2019, the charter renewal will enable the organisations to continue collaborating to enhance the security and interoperability of web payments to support seamless e-commerce checkout experiences. The renewal follows

Ingenico Acquires Phos, Extending its Offer for Merchant Payment Acceptance via Smartphone

Posted on by Staff Reporter | 23500 Views | 15 min read

The strategic purchase of Phos is a next step in Ingenico’s evolution towards software-driven services, following recent acquisition of Ingenico by the investment funds managed by affiliates of Apollo Global Management (the “Apollo Funds”) in September 2022. Ingenico, the global leader in payments acceptance solutions, announces its acquisition of 100% of Phos, a leading provider

Growing Compliance to Take its Toll on Acquiring Margins Unless Banks Act

Posted on by Staff Reporter | 44073 Views | 19 min read

Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring

Firstbank Announces a Name Change of its Subsidiaries, Reiterates its Commitment to Boosting Cross-Border Business Opportunities in Africa and the World.

Posted on by Staff Reporter | 21539 Views | 10 min read

First Bank of Nigeria Limited, Nigeria’s premier financial services institution, has announced a phased corporate name change of its subsidiaries in the United Kingdom and Sub-Saharan Africa. FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia and FBNBank DRC are the first set of subsidiaries effecting the name alignment. They are now known and addressed as FirstBank

Standard Bank: Tackling SA’s Unemployment Crisis Head On

Posted on by Staff Reporter | 15934 Views | 19 min read

Standard Bank client insight enables practical private sector job creation Unemployment compromises GDP growth, threatens economic stability and tears at the fabric of our society. Standard Bank, as well as independent research, show that South African employment is still 5% lower than pre-Covid-19. A 35% unemployment rate means that only 200 000 out of the