Mastercard commits to supporting the roll-out of the Huduma Card in Kenya as the technology partner of choice for the local government organisation. The secure payment solution supports Kenya’s Vision 2030 that calls for reforms in public services to enhance accountability, transparency and efficient service delivery, with focus on developing a cashless economy. The Huduma
Nest, early-stage venture capital firm and global innovation accelerator to launch the Visa Bootcamp, an intensive 4-day FinTech bootcamp. The first-of-its-kind programme in Africa is designed to accelerate innovation from across Africa and the world shaping the future of finance for consumers and businesses across the continent. The Visa Bootcamp will power collaboration opportunities between
TransferTo, leading B2B cross-border mobile payments network has appointed Sandra Hua Yao to lead TransferTo’s business operations in East Africa. The appointment is part of the company’s continued geographic expansion to support its global strategy and grow TransferTo’s presence in the emerging markets. Sandra Hua Yao, Vice President, Business Development joins from the National Bank
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FUTURE OUTLOOK 1. Regional operating environment characterized by strong collaboration of economic drivers and harmonization of reform agenda and policies characterized by stable micro economic indicators with average GDP growth of 6% against a background of 1.5% GCP growth of Sub-Sahara Africa provide impact for rapid growth. The region has become a leading investment destination
80 percent of the region’s employment and fueling demand for goods and services. The introduction of digital payment solutions such as Masterpass QR, will help these businesses become more efficient.]]>
“Our study confirms that not only is there a huge appetite for new ways to pay, but consumers overwhelmingly want to use their mobile phones. In fact, many are ready to do so right now. For decades, payment cards have been the only reasonable alternative to cash – but consumers are saying loud and clear
Consumers can pay merchants by scanning a QR code on a smart phone or by entering a merchant number into a feature phone. The payment goes straight from the consumer’s bank account into the merchant’s account and provides real-time notification to both parties. The QR code, which provides the customers with the merchant’s bank details,
