Kshs.34.4 billion, PAT and Kshs.1.264 trillion assets 28% Profit After tax growth 31% growth in Non-funded income 27% growth in Earnings per Share 15% growth in customer deposits 21% growth in net loans Equity Group Holdings Plc today reported Kshs.34.4 billion shillings profit after tax for the nine months to 30th September 2022. The Group recorded
The PCI Mobile Payments on COTS (MPoC) Standard Provides Flexibility in Mobile Payments Acceptance and Mobile Payment Acceptance Solutions Development Today the PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN
Mastercard payment cards now accepted at Oromia Bank’s ATMs across the country EthSwitch, Ethiopia’s national payment switch, Oromia Bank and Mastercard today announced a landmark partnership that sees all the bank’s Automated Teller Machines (ATMs) in the country accept Mastercard debit, credit, and prepaid cards. From today, tourists, and local citizens carrying Mastercard payment cards
Adumo, the leading independent payments processor operating across Sub-Saharan Africa, has successfully raised R190 million to increase its shareholding and control in some of its recent acquisitions. CEO of Adumo, Paul Kent commented, “Local consumers are following a global trend of demanding digital and flexible methods of making cashless payments, through alternative methods. Likewise, merchants
Powered by Mastercard Payment Gateway Services (MPGS), Hibir e-commerce will enable businesses in Ethiopia to sell their products and reach new international customers online Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind
White paper finds that fintech companies have tied up with banks, mobile network operators (MNOs), and other stakeholders to develop wide-ranging solutions for consumers, micro and small merchants Study further found that regulators across multiple African countries have adopted a collaborative approach to enable the introduction of new solutions by fintech companies Fintech startups in
South Africa’s leading payment processor utilizes ACI Omni-Commerce to offer new, innovative, one-stop payment options for merchants ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, today announced that Ecentric Payment Systems, South Africa’s leading payments processor, is expanding its partnership with ACI. Ecentric will utilize ACI Omni-Commerce to enable its merchant customers to offer new and
BitOasis customers will be able to link their crypto wallet balances to physical or virtual cards and make fiat payments across 90 million global locations using their BitOasis Mastercard Crypto Card New payment method will accelerate crypto adoption in the region by enabling customers to make payments across Mastercard’s network. BitOasis, the leading cryptocurrency platform
Partnership will enable customers to pay globally with a Mastercard virtual payment solution linked to the Cellulant wallet, Tingg Mastercard’s technology will enable consumers to shop online with or without a bank account, through a simple and secure payment experience Mastercard and Cellulant have partnered to allow millions of Cellulant customers across Africa to shop
Ingenico, a world leader in payment services, has released the results of the Total Economic Impact™ study it commissioned from Forrester Consulting on the return on investment (ROI) that enterprises may realise by deploying “Terminal as a Service” by Ingenico. As a newly independent company following its recent acquisition by Apollo Funds, the release of
