Mastercard Enters into Strategic Partnership with Central Bank of Iraq to Advance Digital Payments in the Country

Posted on by Staff Writer | 2893 Views | 13 min read

Initiative will target the education sector followed by an expansion into other sectors Alliance set to reduce use of cash, drive financial inclusion, and encourage changes in consumer behavior to foster economic development Mastercard signed a partnership agreement with the Central Bank of Iraq (CBI) to digitize the country’s payment ecosystem in a bid to boost financial

Customers Can Now Pay Small Businesses Via WhatsApp

Posted on by Staff Writer | 4034 Views | 12 min read

Nedbank, in collaboration with Mastercard and Ukheshe, has launched Money Message, a new payment platform that lets small and microbusinesses conveniently receive secure in-chat payments from their customers via WhatsApp. A first in South Africa, the solution will enable merchants to send an invoice requesting a payment from any customer seamlessly through WhatsApp. Their customers in

FNB Sets a New Standard in Protecting Customer Data

Posted on by Staff Writer | 3733 Views | 15 min read

The Bank helps make updating and protecting data easy for customers & SMEs As data privacy and protection continues to gain prominence globally, FNB has set a new norm in the South African banking industry through the launch of innovative tools enabling individual and business customers to manage and update their information and ensure compliance

Daniel Mminele Steps Down as Absa Group Chief Executive

Posted on by Staff Writer | 3536 Views | 9 min read

The Absa Group Board and the Group Chief Executive, Daniel Mminele have come to an agreement pursuant to which he has stepped down as a director and Group Chief Executive and will be leaving the group with effect from 30 April 2021. The parties have not managed to achieve alignment in relation to the group’s

FSS | Building the Intelligent Future of Payments

Posted on by Staff Writer | 2953 Views | 37 min read

Building the Intelligent Future of Payments Interview with N. Sathish Dy CPO, FSS Retail Payments Can you elaborate on the role of AI in payments? Globally, financial institutions have accelerated digital business transformation programs for long-term growth and profitability. Embedded AI is at the heart of this digital transformation and its applications are gaining momentum

CR2 named as Leader in SPARK Matrix: Digital Banking Platform, 2021 Report

Posted on by Staff Writer | 2722 Views | 9 min read

Quadrant Knowledge Solutions has named CR2, the Digital, Self-Service and Payments solutions provider, as technology leader following the publication of their SPARK Matrix: Digital Banking Platform 2021 Report. The research included comprehensive research and in-depth analysis of the major market vendors – evaluating their product portfolio, market presence and customer value proposition – then ranked and

FIS Opens New Growth Opportunities for Global Brands with Worldpay Domestic Acquiring Expansion into South Africa, Nigeria and Malaysia

Posted on by Staff Writer | 5483 Views | 12 min read

FIS continues to drive global eCommerce with domestic acquiring capabilities in high-growth regions of Southeast Asia and Africa. Through its Worldpay product portfolio, FIS will bring new payment options to merchants and eCommerce providers across these new regions. Expansion is part of company’s plans to enhance its merchant acquiring presence in additional markets. Continuing to

Netcash | How to Get Paid Faster By Making Bill Payments Easier for Customers

Posted on by Staff Writer | 3384 Views | 12 min read

By Paul Adant, Solutions Architect at Netcash As South Africa’s payment system sunsets cheques and accelerates its move away from cash, consumers and businesses are looking for convenient and simple instruments for bill payments. However, the payments ecosystem has grown more complex over the years, with payments providers and banks offering a dizzying array of

FSS and NIPL Partner to Expand UPI Global Footprint

Posted on by Staff Writer | 2697 Views | 19 min read

FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payments processor, and NPCI International Payments Ltd (NIPL, International arm of National Payment Corporation of India), have signed a strategic partnership to expand UPI (Unified Payment Interface) rails in international markets. India is among the first countries globally to

Standard Bank | After a Cautious Start, Africa’s Policymakers Should Accelerate the Implementation and Adoption of AfCFTA

Posted on by Staff Writer | 3799 Views | 20 min read

By: Vinod Madhavan, Head of Trade at Standard Bank Group Africa’s policymakers need to ensure that the momentum behind the African Continental Free-trade Area (AfCFTA) is not lost following the trading bloc’s launch in January. This initiative could act a much-needed stimulus for the continent’s economies in the wake of the COVID-19 crisis. Signed in