A recent report by Visa, the world leader in digital payments, has shown that Kenya is among the top market contributors to eCommerce in Sub-Saharan Africa (SSA) over the last 3 years. Visa’s white paper, titled eCommerce developments across Sub Saharan Africa (SSA), confirmed that, the Kenyan eCommerce scene has showcased growth, as the market’s
Developed more than ten years ago, 3D Secure 1 was welcomed, but not exactly user-friendly, widely adopted and recognised when a pop-up window appeared with ‘Verified by Visa’ (later rebranded as Visa Secure), ‘SecureCode’ from Mastercard of Safekey from Amex. The system was somewhat convoluted, complex and was often plagued by compatibility issues. A protocol
Ukheshe, Mastercard, Nedbank and Telkom collaborate to grow access to the digital economy with virtual product that enables secure e-commerce payments on phone Telkom has launched Africa’s first Mastercard virtual card for use on WhatsApp, enabling Telkom Pay customers to make e-commerce payments. This move is expected to empower millions of South Africans – even
Fintech startup and buy now pay later (BNPL) provider Payflex says that the part-payment platform grew from a shopper base of 2 000 to 85 000 in 12 months and its customer base soared from 70 merchants in 2019 to over 750 active stores this year. In addition, online merchants in SA which offer a buy
95% of consumers in Middle East and North Africa (MENA) are considering emerging payments such as wearables, biometrics, digital wallets and currencies, and QR code, in addition to Contactless, according to the Mastercard New Payments Index 88% of MENA consumers have access to more ways to pay compared to this time last year 3 out
94% of consumers in Egypt are considering emerging payments such as biometrics, digital wallets, transfers and QR codes, in addition to Contactless, according to the Mastercard New Payments Index 83% of consumers in Egypt have access to more ways to pay compared to this time last year 3 out of 4 Egyptian consumers say digital
A collaborative effort between merchants, banks and card networks is required if the greater e-commerce landscape is to benefit from faster approval rates, low-risk trading environments, and a better user experience offered by the new EMV 3-D Secure protocol, says authentication specialist, Entersekt. The original release of 3-D Secure by the credit card networks took
Less than a year since contactless limits increased across Europe, Visa has hit one billion additional touch-free transactions, 400 million of which took place in the UK. Consumers and merchants are increasingly turning to contactless payments as a secure and seamless way to shop – two thirds (65%) of consumers say they would prefer to
93% of consumers are considering emerging payments such as biometrics, digital currencies, and QR code, in addition to contactless, according to the Mastercard New Payments Index Now, nearly 90% of in-person transactions globally take place at a contactless-enabled merchant As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace
The Econet Group through its subsidiary Cassava Fintech International (Cassava Fintech) and Mastercard have entered into a strategic partnership to advance digital inclusion across Africa and collaborate on a range of initiatives including expansion of the Africa CDC TravelPass. TravelPass is a digital health pass developed by Cassava Fintech and offered in conjunction with the
