Hibret Bank and Mastercard Partner to Give Small Businesses A Boost through E-Commerce Payment Solution

Posted on by Staff Reporter | 57363 Views | 10 min read

Powered by Mastercard Payment Gateway Services (MPGS), Hibir e-commerce will enable businesses in Ethiopia to sell their products and reach new international customers online Hibret Bank pioneered in launching Hibir e-commerce, a digital payments platform that allows Ethiopian businesses and retailers to accept international card payments for online purchases. Hibir e-commerce is first-of- its kind

Mastercard and Cellulant Partner to Empower Millions of Consumers Across Africa to Join the Global Digital Commerce Market

Posted on by Staff Reporter | 38084 Views | 15 min read

Partnership will enable customers to pay globally with a Mastercard virtual payment solution linked to the Cellulant wallet, Tingg Mastercard’s technology will enable consumers to shop online with or without a bank account, through a simple and secure payment experience  Mastercard and Cellulant have partnered to allow millions of Cellulant customers across Africa to shop

Gen Z’s Message to Merchants: Meet Us in the Metaverse – New FIS Data Shows Young Consumers Drive Demand for Innovation

Posted on by Staff Reporter | 40270 Views | 15 min read

Millennial and Gen Z consumers are driving demand for embedded finance across a range of existing and emerging touchpoints, according to new FIS research. As technology evolves and the physical, digital and virtual worlds converge, younger generations are inhabiting new channels, such as the metaverse, and creating the need for new ways to transact. Findings

Merchants Use Fraud Management to Shore Up Balance Sheets – ACI Worldwide Data

Posted on by Staff Reporter | 32080 Views | 10 min read

Recorded fraud attempts remained flat despite a surge in transaction volumes, values and increased number of payment methods, as the broader retail market used Amazon Prime Days 2022 to drive sales, according to new data from ACI Worldwide (NASDAQ: ACIW). ACI Worldwide is a global leader in mission-critical payments software and its merchant business serves tens of thousands of

Peach Payments Partners With Stitch to Launch Instant EFT Checkouts for Merchants Across South Africa

Posted on by Staff Reporter | 60632 Views | 12 min read

Merchants that use Peach Payments to accept digital payments can now leverage Instant EFT by Peach Payments to improve conversion, reach more customers and save on card fees South Africa-based digital payments gateway Peach Payments and API fintech Stitch have partnered to enable online merchants across South Africa to accept secure, low-cost instant EFT payments.

One in Ten U.K. Consumers Victim of Payments Fraud – ACI Worldwide Report

Posted on by Staff Reporter | 30304 Views | 13 min read

Online fraud and digital wallet hacking now account for nearly 20% of U.K. fraud Individuals falling victim to confidence tricks has increased to 12.8% ACI Worldwide calls for a radical rethink of fraud fighting strategies and industry-wide collaboration More than one in ten people in the U.K. (12.1%) have fallen victim to payments fraud in

Nigeria’s Economy Reaps Benefits of Real-Time Payments and Digital Banking Transformation – US$6 Billion of Additional GDP Growth Forecast by 2026 – ACI Worldwide Report

Posted on by Staff Reporter | 52642 Views | 26 min read

Nigeria is Africa’s undisputed real-time payments and digital payments leader, recording 3.7 billion real-time transactions in 2021 and ranking sixth in the league table of the world’s most developed real-time payments markets, according to the third edition of ACI’s Prime Time for Real-Time report The widespread uptake of new digital and real-time payment services helped

A Mobile-led Risk-based Approach is Crucial to Achieving Financial Inclusion in Africa

Posted on by Staff Reporter | 20733 Views | 24 min read

By, Sandy Rheeder CIO of Mukuru Fintechs that are innovating, operating and growing throughout Africa have moved on from the broad academic concept of financial inclusion to the practical onboarding and walking hand in hand with underserved people along a financial journey. The first port of call is understanding that serving the underserved is not

COVID-19 Boosts E-commerce Card Spending Worldwide by $2 trillion

Posted on by Staff Reporter | 29237 Views | 9 min read

Online spending will continue to show strong growth over the coming years as pandemic restrictions have accelerated a shift in consumer habit Lockdowns and temporary store closures led to e-commerce boom RBR’s Global Payment Cards Data and Forecasts to 2026 study shows that a record $7.7 trillion was spent online using payment cards in 2020.