The growth of application programming interfaces (APIs) continues unabated. However, as new regulations like PSD3 gather momentum, the call for API standardisation could be the next catalyst for an innovation leapfrog. And South African businesses who place designing for developers at the heart of their API projects are the ones most likely to reap the
There are several exciting trends emerging that will shape the way businesses and consumers process payments worldwide A global payment processing system is a network that enables financial institutions to process cross-border payments. It allows for currency exchange between banks and other financial institutions across borders. The system is used by businesses and individuals to
Key facts: Emerging trend: Account-to-account payments continued to gain momentum in 2022 to account for US$525 billion in global e-commerce transaction value. Global forecast: Global e-commerce market is set to be worth nearly US$8.5 trillion in 2026. Shift in balance of U.S. payments: For the first time, digital wallets surpassed credit cards to become the leading payment method
Cross Switch Ghana is set to leverage its payments and technology infrastructure to digitise merchant payments, collections and disbursements for ecommerce, remittances as well as for financial inclusion Cross Switch Ghana LTD, and Cross Switch (https://www.Cross-Switch.com) International S.A.R.L. are pleased to announce that Cross Switch Ghana LTD has obtained approval from the Bank of Ghana
Today’s digital-first consumers expect the same conveniences in-store that they have online – and merchants, acquirers, and solutions providers that enable them will remain relevant in their markets. Consumers have always wanted the most convenient, personalized, and enjoyable experiences possible. After a few years of shopping on digital channels, they now look for the same
3D Secure is now available as part of CR2’s platform to prevent fraudulent transactions while delivering a positive customer experience CR2, a world leader in the digital banking and payments platform industry has partnered with M2P Fintech, a global leader in embedded financial infrastructure. This partnership provides banks with an innovative solution to secure e-commerce
Mastercard helps to expand e-commerce payment services and digital offerings to all EazyPay merchants Mastercard, a technology leader in the global payments industry, has partnered with Bahrain’s leading fintech and payment service provider Eazy Financial Services (EazyPay) that will now be powered by Mastercard Payment Gateway Services (MPGS). MPGS is a trusted platform that provides financial institutions with a white-label
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’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,
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
