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 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
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
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
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,
EMVCo has released security requirements to support the development of multi-factor authentication (MFA) solutions capable of preventing or detecting attacks that could compromise the security of payment authentication. The ‘Multi-Factor Authentication Solutions for Payments Security Requirements’ document is publicly available from the EMVCo website. MFA is an authentication method that requires the payee to provide
enza’s innovative Payment Orchestration will enable Wema Bank to provide secure and reliable payment options at a reduced cost enza, the acclaimed new disruptor in the African payments market today announced its strategic partnership with Nigeria’s most innovative bank, Wema Bank. Through this partnership, enza will engineer its innovative payment orchestration solution to expand Wema’s
The QR code payment industry has seen a surge in adoption in recent years, with estimates suggesting a global market value of USD$9.98 billion in 2022. QR codes are seeing a marked increase in popularity in South Africa as well, says Pieter Roux, President Payment Strategy at Ukheshe. From the brand evolution of Masterpass to
Startups building in fintech and payment space in Africa are encouraged to apply through the Visa website for a chance to access training, connections, technology, and investment opportunities Visa, the leading global payments technology company is now accepting applications for start-ups to participate in the first cohort of the Visa Africa Fintech Accelerator program. The
Verifone, the payments architect shaping ecosystems for online and in-person commerce experiences, today announces that its platform for digital commerce has won the Best Payments Solution and Best eCommerce Conversion Solution categories at the annual 2023 SIIA CODiE awards. SIIA CODiEs are the industry’s only peer-recognized awards program, annually awarding pioneers and innovators in the
