Ukheshe & Eft Corporation Announce Market Shifting Fintech Transaction

In a significant move for the African fintech ecosystem, Ukheshe International has acquired 100% of EFT Corporation Limited (EFTCorp) from parent Loita Transaction Services (LXS), a pan-African payment solutions and financial switching provider. This transaction follows on Ukheshe’s 2022 acquisition of Masterpass in South Africa and the closing of their funding partnership with Development Partners

Black Friday Sales Numbers Show Consumer Strain – Ecentric Payment Systems

Although the volume of Black Friday and Cyber Monday sales increased over the sales period, data from leading payment service provider Ecentric Payment Systems shows that the value of transactions and the timing of purchases made indicates that consumers are carefully shopping around while also spending less. At the same time, says Wesley Fetter, Product

How Can African Businesses Ensure They Benefit From Evolving Online Payments This Festive Season? – Paystack

Payment solution offerings are advancing at a rate of knots, especially with the integration of technologies like AI, biometrics, and voice payments. No longer is it an option for small-scale businesses to offer their wares online without the ability for consumers to pay for their goods via a web-based portal. In fact, PricewaterhouseCoopers’ recent research

BankservAfrica and UnionPay International Launch a New Era for Card Processing in SA

Johannesburg – In a monumental move for the South African card ecosystem, BankservAfrica has been appointed by UnionPay International (UPI) as its domestic on-soil processor to fast-track affordable, accessible and innovative card payments for South Africans. “BankservAfrica has built a solid reputation as Africa’s largest Automated Clearing House and the banking sector’s trusted clearing partner.

Entersekt’s One-Call, Real-Time API Slashes E-commerce Card Fraud With One Simple Integration

Entersekt has announced a one-call, real-time API that will enable banks to automate cardholder updates and close the gap on e-commerce payment card fraud. With RealSync, the real-time API, card-issuing banks can now immediately act if a customer reports a credit card lost or stolen, to prevent them falling victim to online fraud. Additionally, the

EMVCo Releases Draft EMV® Click to Pay Customer Experience Guidelines for Public Review

Global technical body EMVCo has released the draft EMV® Click to Pay Customer Experience (CX) Guidelines for public review and feedback. The draft guidelines aim to support merchants, payment service providers, product owners, developers and CX designers in simplifying online checkout and making it more consistent, convenient and secure. This can help merchants to reduce

Equity & Mastercard Sign a Ten-Year Agreement to Scale Consumer’s Payment Experience in the Region

Equity Bank has signed an ambitious Customer Business Agreement with Mastercard, aimed at giving customers a broad range of benefits from a wide selection of Mastercard payment solutions ranging from World and World Elite cards, corporate cards and virtual cards. In addition, customers will be able to perform a range of payments including cross border

SA’s Payments Gold Mine: The Alchemy of Data Into Growth

The African payments industry, by furnishing diverse, robust and user-friendly platforms, is catalysing entrepreneurship and financial independence, while also enhancing income for entrepreneurs. Over the past five years, mobile payments have seen tremendous growth in South Africa. As of 2023, the South African mobile payments market is estimated to be worth $25 billion, with a

PAYM8 Expands E-Commerce Offering, Empowering Merchants with Seamless Payment Solutions Amid Surging Demand

Leading tech and financial gateway service provider PAYM8, announced the expansion of its e-commerce offering. This comes in response to the South African e-commerce market’s projected growth of 11.89% in the next five years, reaching a market volume of US$9.97 billion, roughly R75 billion, by 2027. As consumers increasingly value the convenience, time savings, and

Cultivating a Frictionless Payment Experience for Merchant Success

By Wesley Fetter, Product Manager at Ecentric Payment Systems In the world of business, especially within the e-commerce sphere, the adage ‘the customer is king’ has never rung truer. Today’s rapidly evolving digital landscape requires businesses to provide effortless, seamless, and most importantly, frictionless experiences to customers. Central to this is the payment process, which,