Mastercard and Onafriq Collaborate to Increase Accessibility to Financial Services Across Africa’s Payment Ecosystem

Posted on by kara | 41076 Views | 8 min read

Mastercard and Onafriq (previously MFS Africa), a pan-African payments company, have collaborated to bring secure, cost-effective, and innovative payment options to consumers, as well as small and medium enterprises (SME) across the continent. Africa’s mobile money sector is one of the most established and fastest-growing fintech industries in the world. According to The State of

Parting Ways with Legacy Payments: Compelling Reasons To Take The Leap – OpenWay Group

Posted on by kara | 40203 Views | 3 min read

Large financial institutions with outdated payment platforms face many challenges. Compelling reasons to leave legacy systems behind include the need for cross-border capabilities, better customer experiences, consolidation of different businesses, managing multiple platforms, and anticipating rapid growth. Nevertheless, many organizations in the payments industry choose every year to take the leap and migrate to a

Innovate or Stagnate – Amplifin

Posted on by kara | 5981 Views | 14 min read

The modern landscape is continually and rapidly evolving, with innovation becoming an indispensable component of growth and adaptation. A recent Harvard Business School online article highlighted the importance of innovation in business as a critical driver of success. Besides success, considering the rapid – almost daily, it seems – advancements in technology such as AI,

Decoding Financial Crime to Address South Africa’s Financial Crime Emergency – RelyComply

Posted on by kara | 7189 Views | 11 min read

South Africa’s financial sector faces an Anti-Money Laundering compliance crisis, with authorities cracking the whip on institutions that fail to meet their obligations to combat financial crime and the country’s continued presence on the Financial Action Task Force (FATF) grey list, adding to the cost of doing business. That’s according to Bradley Elliott, CEO at

Unlimit Secures Payments Licence in Tanzania and Further Expands Presence in Africa

Posted on by Staff Reporter | 38176 Views | 7 min read

Unlimit, the global fintech company, today announced its entry into the Tanzanian market and the receival of the Bank of Tanzania (“BOT”) licence, marking another significant step in the company’s expansion within the region. The approval of Unlimit as an authorised payment service provider by the BOT will allow the fintech to provide a range

Mastercard Partners With Fintech Sava to Empower Africa’s Small Businesses Through Financial Management Technology

Posted on by Staff Reporter | 19085 Views | 12 min read

Mastercard and Johannesburg-based fintech company SAVA have announced a partnership that will support small, medium, and micro enterprises (SMMEs) through innovative payments technology and infrastructure. Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System (PTS), that includes

Proactive Strategies for SA Businesses to Protect Themselves Against Payment Fraud in 2024 – eftsure Africa

Posted on by Staff Reporter | 20206 Views | 19 min read

Amid a spate of high-profile payment fraud cases in South Africa, the need for robust fraud payment prevention measures has never been more apparent, says Ryan Mer, CEO of eftsure Africa, a Know Your Payee™ (KYP) and payment fraud prevention platform provider. In April 2023, three former bank employees received jail sentences of 15 years

Standard Chartered Kenya Refreshes Focus on Growing Medium Enterprises Segment

Posted on by Staff Reporter | 24238 Views | 9 min read

Standard Chartered Kenya has announced a comprehensive suite of products for the Medium Enterprise segment as it responds to increasing demand for more sophisticated needs from its clients. The Bank will leverage its strong global network to serve the clients, tapping into enhance demand for trade in key corridors across Africa, Middle East, Asia, and

Innovative POS Partnership Changes Zambia’s Payment Landscape – ExiPay and Izwe

Posted on by Staff Reporter | 67074 Views | 17 min read

ExiPay and Izwe’s all-in-one payment terminal opens new revenue streams for merchants A partnership between payment innovation company ExiPay and loans and financial services provider Izwe has resulted in an all-in-one point of sale (POS) solution, called Izwe Pay, that facilitates payments across mobile money and card payments in Zambia. It also brings additional value-added

Mastercard, MTN Group Fintech Forge Alliance for Digital Payment Expansion Across Africa

Posted on by Staff Reporter | 79854 Views | 17 min read

Mastercard and MTN Group Fintech have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments, expanding access to the benefits of the cashless digital economy. The partnership will use Mastercard’s cutting-edge