Mastercard New Payment Index 2022: Consumers in Egypt Embrace Digital Payments

88% of consumers in Egypt have used at least one emerging payment method in the last year, with usage expected to further increase Adoption of Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating Gen Z and Millennials are leveraging more digital payment methods and are more open to

Nigeria’s Economy Reaps Benefits of Real-Time Payments and Digital Banking Transformation – US$6 Billion of Additional GDP Growth Forecast by 2026 – ACI Worldwide Report

Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking sixth in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report The widespread uptake of new digital and real-time payment services helped

Fintechs are set to Transform Cross-border Payments in Africa

For centuries people have crossed borders to live, work, and trade. While cross-border payment systems are crucial for financial inclusion and growth in a globalised economy, cost and efficiency challenges remain, particularly in Africa. Mark Dankworth, President Business Development Africa at leading pan-African fintech enablement partner, Ukheshe Technologies says fintechs are at the forefront of

Mastercard Expands its Jaza Duka Micro-Credit Program with Kasha and Surpasses 1 Billion Kenyan Shilling in Loans to MSMEs in Africa

Mastercard’s micro credit digital lending platform expands to benefit more women and micro-entrepreneurs than ever before through partnership with Kasha. Jaza Duka now provides over 1.2 Billion Kenyan Shillings loan value to support women and micro business owners to reach their potential. Mastercard today announced that Kasha, the purpose driven digital retail and distribution platform

SASSA Concerned by Beneficiaries Still using Old Cards

The South African Social Security Agency (SASSA) is pleased to announce significant progress in migrating beneficiaries of social grants from the old SASSA card to the new gold SASSA card. The old white SASSA card has reached expiry date and it however deeply concerns SASSA that some beneficiaries are still holding on to the old

CR2 Continues to Drive Innovation as Cardless ATM Access Goes Live in Eight Countries

It’s a major concern for banking customers worldwide in this time of a global pandemic – how can they access their daily banking needs without touching surfaces such as ATMs?   CR2 (www.CR2.com) enables you to respond to these concerns and allow your banking customers to withdraw cash without physically touching the ATM, by simply

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

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

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

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

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

Synthesis | Blockchain and The Future of Remittances

By Ramtin Mesgari, Synthesis Software Engineer Every year, hundreds of billions of dollars are sent across borders by emigrant workers who have moved away from their home countries. Global remittances in 2018 alone totalled over $600 billion and the number of migrant workers continues to increase every year. And yet, migrant workers who leave their