Growth in Cashless Transactions Spurs New and Innovative Payment Solutions

Last year, exciting developments in South Africa’s payments sector were good reason to be cautiously optimistic about 2023 with new products and services setting the pace of the journey to a digital cashless future, says Andrew Springate, CEO of fintech payment solution provider PAYM8. “The South African economy is under tremendous pressure with rising interest

Mastercard and PayFast Continue to Support Small and Medium Sized Enterprises (SMEs) Through Priceless Possibilities

Mastercard’s partnership with payment gateway, PayFast, increases Priceless possibilities by supporting SMEs within the PayFast ecosystem Consumers who pay using their Mastercard card, Masterpass or any other Masterpass-enabled banking app at any PayFast online checkout point stand a chance to win R10000  For the second consecutive year, Mastercard and PayFast have partnered to support SMEs,

Real-Time Data Tracks Considerable Growth in Black Friday and Cyber Monday Spend

Hot on the heels of yet another interest rate increase adding more yet squeeze on businesses and consumers alike, South Africans showed they still have an appetite for retail spend, with data from leading omnichannel payment solutions provider Ecentric Payment System’s 2022 Black Friday Payment Gateway Dashboard showing whopping increases in both transactions volume and

Hibret Bank and Mastercard Partner to Give Small Businesses A Boost through E-Commerce Payment Solution

Powered by Mastercard Payment Gateway Services (MPGS), Hibir e-commerce will enable businesses in Ethiopia to sell their products and reach new international customers online Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind

Mastercard and Cellulant Partner to Empower Millions of Consumers Across Africa to Join the Global Digital Commerce Market

Partnership will enable customers to pay globally with a Mastercard virtual payment solution linked to the Cellulant wallet, Tingg Mastercard’s technology will enable consumers to shop online with or without a bank account, through a simple and secure payment experience  Mastercard and Cellulant have partnered to allow millions of Cellulant customers across Africa to shop

Gen Z’s Message to Merchants: Meet Us in the Metaverse – New FIS Data Shows Young Consumers Drive Demand for Innovation

Millennial and Gen Z consumers are driving demand for embedded finance across a range of existing and emerging touchpoints, according to new FIS research. As technology evolves and the physical, digital and virtual worlds converge, younger generations are inhabiting new channels, such as the metaverse, and creating the need for new ways to transact. Findings

Merchants Use Fraud Management to Shore Up Balance Sheets – ACI Worldwide Data

Recorded fraud attempts remained flat despite a surge in transaction volumes, values and increased number of payment methods, as the broader retail market used Amazon Prime Days 2022 to drive sales, according to new data from ACI Worldwide (NASDAQ: ACIW). ACI Worldwide is a global leader in mission-critical payments software and its merchant business serves tens of thousands of

Peach Payments Partners With Stitch to Launch Instant EFT Checkouts for Merchants Across South Africa

Merchants that use Peach Payments to accept digital payments can now leverage Instant EFT by Peach Payments to improve conversion, reach more customers and save on card fees South Africa-based digital payments gateway Peach Payments and API fintech Stitch have partnered to enable online merchants across South Africa to accept secure, low-cost instant EFT payments.

One in Ten U.K. Consumers Victim of Payments Fraud – ACI Worldwide Report

Online fraud and digital wallet hacking now account for nearly 20% of U.K. fraud Individuals falling victim to confidence tricks has increased to 12.8% ACI Worldwide calls for a radical rethink of fraud fighting strategies and industry-wide collaboration More than one in ten people in the U.K. (12.1%) have fallen victim to payments fraud in