SlipMate Offers First Mastercard Corporate Prepaid Cards for E-Commerce

Posted on by Staff Reporter | 18846 Views | 8 min read

South African expense management solution SlipMate has announced that it has enabled e-commerce functionality for its Mastercard corporate prepaid cards, a first-of-its-kind integration for the South African market. SlipMate is an intelligent expense management solution designed by Innervation Rewards that enables South African companies to reconcile employees’ corporate expenses from their Mastercard prepaid corporate card,

Grindstone Ventures Launches $6.5m Venture Capital Fund for SA Tech SME Development

Posted on by Staff Reporter | 7544 Views | 18 min read

Female-led African venture capital fund  Fills need for post-seed, pre-Series A funding for the African continent  Aligned to President’s vision of a startup nation in South Africa Grindstone Ventures has launched a US $6.5m (R100 million) fund dedicated to seed funding predominantly South African innovative technology startups who have completed, or are part, of its

Proparco and Standard Bank South Africa Strengthen their Partnership to Increase Access to Finance for Small Businesses

Posted on by Staff Reporter | 16980 Views | 18 min read

Proparco and Standard Bank signed two guarantee agreements for €28.5 million in Johannesburg during Proparco’s Deputy CEO, Djalal Khimdjee’s visit to South Africa. The guarantees are in line with the Choose Africa initiative to accelerate the growth of Micro, Small and Medium Enterprises (MSMEs) and entrepreneurship in Africa. Standard Bank will further support job creation

Standard Bank Enabled UnionPay Contactless Payments Across South Africa

Posted on by Staff Reporter | 12642 Views | 9 min read

Standard Bank South Africa (SBSA) and UnionPay International (UPI) jointly announced that Standard Bank point-of-sale devices have been enabled for UnionPay contactless payment. The cooperation is a strategic move from UPI that follows the surging trend of the global contactless payment industry and accelerates the development of international mobile payment services. According to a survey

Rate Hike by SARB is a Sign that Economic Recovery is Underway, says FNB CEO

Posted on by Staff Reporter | 8990 Views | 9 min read

Following the South African Reserve Bank’s (SARB’s) decision to increase its repo rate by 0.25%, FNB will also lift its prime lending rate by 0.25%. The new rate will take effect on all prime-linked accounts from Friday 19 November 2021. FNB CEO Jacques Celliers says that “Today’s rate hike by the SARB is a sign

Visa’s Cybersource and IATA Help Airlines Take Off With New Efficiencies Through IATA Financial Gateway

Posted on by Staff Reporter | 10075 Views | 13 min read

Hundreds of airlines now have access to the leading Cybersource global payment management platform through the International Air Transport Association’s Financial Gateway As the airline industry works to bring customers back on board, it is simultaneously challenged with protecting passengers, brand and revenue. To expedite takeoff, today Visa’s global payment and fraud management platform, Cybersource,

Cellulant to Power Payments for ImaliPay’s Drive for Gig Workers’ Financial Inclusion

Posted on by Staff Reporter | 15311 Views | 9 min read

The partnership will further drive financial inclusion by allowing ImaliPay users to access financial services quicker through Cellulant’s payment rails ImaliPay, the one-stop financial platform for Africa’s gig workers, has partnered with pan-African payments company Cellulant, for its payments infrastructure and solutions in Kenya and Nigeria. The ease of making and receiving payments for freelancers

MyBank, Mastercard and Network International Elevate Ecommerce in Somalia with New Debit Card Launch

Posted on by Staff Reporter | 27918 Views | 14 min read

Mastercard debit card can be used for both in-store and online purchases  Partnership will be instrumental in enhancing Somalia’s digital economy and prospects for financial inclusion   As part of continued efforts to expand access to the digital economy and drive financial inclusion in Somalia, MyBank, Mastercard and Network International have partnered to launch a new

Digital Payments in Kenya Grow Beyond Pandemic-Led Push, Reports Cellulant

Posted on by Staff Reporter | 40456 Views | 9 min read

The growth witnessed in Kenya is reflective of the payments landscape in the rest of Africa, reports Cellulant, with a noted shift in consumer behaviour Digital payments have shifted from being a nice-to-have for businesses to a necessity as more consumers prefer digital platforms as their primary payment method. This is according to Faith Nkatha,

Lake Harvest Zambia Joins the Tingg Digital Payment Ecosystem

Posted on by Staff Reporter | 23873 Views | 14 min read

This partnership will place Cellulant’s payment platform, Tingg, in all of the 13 Lake Harvest outlets across Zambia and ensure they are able to accept all forms of mobile money Cellulant  (www.Cellulant.io), a leading Pan-African payments company, has partnered with one of Zambia’s leading fish distributors, Lake Harvest to enable mobile payments in all their