Mastercard Partners with Billetera to Offer Cutting-edge Digital Payment Solutions in Democratic Republic of Congo

Posted on by Staff Writer | 7982 Views | 15 min read

Millions of unbanked and financially excluded residents in DRC to gain access to formal financial and digital services   Mastercard’s technology to enable development of diverse digital payment solutions   Partnership is aligned with DRC’s National Digital Plan (NDP)  Mastercard has partnered with Billetera – a digital payments technology company headquartered in Kenya – to

Mastercard New Payments Index: UAE Consumer Appetite for Digital Payments Takes Off

Posted on by Staff Writer | 3652 Views | 28 min read

97% of consumers in the UAE are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index Almost 90% of UAE consumers have access to more ways to pay compared to this time last year   3 out of 4 UAE

Adopting EMV 3D Secure Protocol Benefits Entire E-commerce Ecosystem

Posted on by Staff Writer | 4810 Views | 17 min read

A collaborative effort between merchants, banks and card networks is required if the greater e-commerce landscape is to benefit from faster approval rates, low-risk trading environments, and a better user experience offered by the new EMV 3-D Secure protocol, says authentication specialist, Entersekt. The original release of 3-D Secure by the credit card networks took

Three Fintech Heavy Hitters Join Direct Transact to Take SA Into An Open Finance Future

Posted on by Staff Writer | 3761 Views | 9 min read

Direct Transact, the largest independent provider of transaction processing solutions for banks and businesses in SA, is appointing three financial industry heavy-hitters to expand the local industry’s open finance capabilities in the global market. The company, which handles more than R30-billion in financial industry transaction flows per month – the flows of nearly 70% of

One Billion Additional Touch-free Visa Payments Made as Consumers Embrace Contactless Commerce

Posted on by Staff Writer | 4883 Views | 13 min read

Less than a year since contactless limits increased across Europe, Visa has hit one billion additional touch-free transactions, 400 million of which took place in the UK. Consumers and merchants are increasingly turning to contactless payments as a secure and seamless way to shop – two thirds (65%) of consumers say they would prefer to

Mastercard New Payments Index: Consumer Appetite for Digital Payments Takes Off

Posted on by Staff Writer | 4078 Views | 27 min read

93% of consumers are considering emerging payments such as biometrics, digital currencies, and QR code, in addition to contactless, according to the Mastercard New Payments Index  Now, nearly 90% of in-person transactions globally take place at a contactless-enabled merchant  As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace

Econet Group and Mastercard to Collaborate on Fintech Solutions for COVID-19 Response in Africa

Posted on by Staff Writer | 4297 Views | 10 min read

The Econet Group through its subsidiary Cassava Fintech International (Cassava Fintech) and Mastercard have entered into a strategic partnership to advance digital inclusion across Africa and collaborate on a range of initiatives including expansion of the Africa CDC TravelPass. TravelPass is a digital health pass developed by Cassava Fintech and offered in conjunction with the

G-Money Reaches One Millionth Customer Milestone

Posted on by Staff Writer | 4566 Views | 12 min read

G-Money which was established in January 2020 registered its one-millionth customer on the 10th of April, 2021. The achievement of this milestone in just over a year shows strongly that G-Money is a force to reckon with in the mobile money services marketplace. The trailblazing product was set up to offer an attractive alternative to Mobile

Bank of Mauritius Becomes Member of Organisation for Economic Co-Operation and Development International Network on Financial Education

Posted on by Staff Writer | 4026 Views | 6 min read

The Bank of Mauritius (Bank) has joined the Organisation for Economic Co-operation and Development International Network on Financial Education (OECD/INFE). The OECD/INFE is a forum that brings together central bankers and policy makers from over 125 countries. It constitutes an important platform for the sharing of best practices and experience on the promotion of financial

Ecobank Group Reports First Quarter 2021

Posted on by Staff Writer | 3805 Views | 8 min read

Ade Ayeyemi, Ecobank Group CEO, said: “The firm’s performance in the first quarter was strong, despite the continuing challenging operating environment. Revenues increased 4% to $409 million, and we earned $100 million in profit before tax, an increase of 11% year-on-year. Earnings per share grew by 8%, and return on tangible equity was 15.7%. These