Ecobank Transnational Incorporated (“ETI”), the parent of the Ecobank Group, the leading pan-African bank with operations across 34 countries, held its 33rd Annual General Meeting (AGM) & Extraordinary General Meeting virtually on the 27th of May. Ecobank Group Chairman Mr Alain Nkontchou said: “I became Chairman of the Ecobank Group in June 2020, when our
Data published by EMVCo shows that at the end of 2020, 10.8 billion EMV® chip cards were in global circulation – an increase of nearly 1 billion compared to the previous twelve months. In addition, EMVCo reports that 66% of all issued cards are EMV, with over 86% of all card-present transactions conducted globally using EMV chip technology.
54% growth in total assets 58% growth in customer deposits 64% growth in profit after tax 31% strong topline revenue growth Strong revised 2021 outlook Equity Group has returned strong quarter one results in a challenging environment amidst the multi-faceted Covid-19 crisis of health, economic disruption, and humanitarian challenges, giving hope of resilience and recovery.
Telda promotes innovative digital payments by offering digital financial services through its mobile app Telda to issue Mastercard prepaid cards, with Mastercard facilitating payments through its processing technology The partnership offers a secure, convenient and seamless experience for consumers Mastercard has announced a partnership with Telda, Egypt’s first of its kind payment app. This partnership is
Mastercard has announced that the Bahrain-based NEC Payments is now a global partner of Mastercard Fintech Express, which connects tech-savvy startups with traditional players such as banks. The program supports digital payment innovators by making it simple to collaborate with the tech company and its partners to launch new products, add payment solutions and innovate
New Mastercard feature enables banks to equip people with carbon footprint data and insights about environmental impact Recent research by Mastercard revealed 98% of adults in South Africa are willing to take personal action to combat environmental and sustainability issues Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue
Fintech startup and buy now pay later (BNPL) provider Payflex says that the part-payment platform grew from a shopper base of 2 000 to 85 000 in 12 months and its customer base soared from 70 merchants in 2019 to over 750 active stores this year. In addition, online merchants in SA which offer a buy
ATMIA has certified the world’s first Next Gen ATM product, following a multi-year global project, involving over 400 companies in 56 countries, to create a new global API App model for ATMs. “This is a milestone in the actual reinvention of the ATM to integrate ATMs into the mobile-digital world and to set up a
Standard Bank decided to migrate its on-premise Atlassian toolset onto the AWS infrastructure and partnered with Synthesis to ensure best practices were adhered to and a seamless transition was possible. Challenge A number of significant outages were experienced on this toolset due to the on-premise infrastructure having aged. Users were faced with an increase in outages
Mastercard has announced the appointment of Victor Ndlovu as Director, Country Business Development Lead, East Africa. Victor is a seasoned business leader with close to three decades of solid experience in the fintech, banking and payments industry. He joins Mastercard from Ukheshe, based in South Africa, where he spearheaded the Fintech’s presence in Africa with
