Unleashing Economic Potential: The Soaring Growth of Cross-Border Payments in Africa – Synthesis

Posted on by kara | 36034 Views | 22 min read

By Arthi Narayanan, Lead Payments Consultant at Synthesis The pivotal role of digital accessibility for goods and services has become abundantly clear over the past few years. The global economy, now more than ever, relies on the seamless flow of transactions across borders. Whether it involves individuals, businesses, or financial institutions spanning different countries, the

PayU GPO Lauded as Best Payment Solution at Absa Awards, Broadening Financial Inclusion and Innovation

Posted on by kara | 40824 Views | 9 min read

PayU GPO, a leading South African financial services and payment service provider, is proud to announce its Absa Award win in the category: Best Payment Solution. The prestigious award showcases PayU GPO’s market leading and comprehensive suite of payment solutions tailored for the South African market and beyond. The category celebrates the Fintech company that

Banking-As-A-Service Platform Revenue to Reach $94 Billion Globally by 2028, as API Deployment Unlocks Fintech Innovation – Juniper Research

Posted on by kara | 33270 Views | 6 min read

A new study from Juniper Research, the foremost experts in fintech markets, forecasts that global BaaS (Banking-as-a-Service) platform revenue generated from account/card issuing and transaction fees will grow by 158% to 2028; up from $36.4 billion this year. This expansion primarily comes from API deployment across eCommerce and freelance platforms, by connecting consumers to innovative

Harnessing the Potential of Mobile Payments in Africa – Halo Dot

Posted on by kara | 102377 Views | 14 min read

Financial inclusion remains a critical barrier across Africa. A considerable segment of the population remains alienated from basic banking services. Yet, the arrival of mobile payment technologies, like Halo Dot, promises to bridge this gap. Halo Dot’s innovative approach turns mobile devices into secure, encrypted payment terminals, allowing for instant card payments without the need

Ukheshe & Eft Corporation Announce Market Shifting Fintech Transaction

Posted on by Staff Reporter | 57730 Views | 10 min read

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

Posted on by Staff Reporter | 60433 Views | 12 min read

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

Posted on by Staff Reporter | 94975 Views | 24 min read

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

Posted on by Staff Reporter | 72771 Views | 10 min read

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

Posted on by Staff Reporter | 145961 Views | 16 min read

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

Posted on by Staff Reporter | 80967 Views | 12 min read

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