Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

Posted on by kara | 3296 Views | 9 min read

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank, in collaboration with Mastercard, has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. This strategic collaboration aims to cater to the growing needs of international travellers and diaspora communities by providing secure and convenient means

Mastercard and Premier Bank Collaborate to Expand Digital Payment Capabilities for Somali Businesses

Posted on by kara | 2250 Views | 13 min read

Mastercard has collaborated with Premier Bank, a Sharia-compliant commercial bank in Somalia, to launch Premier Payment Gateway, a digital payments platform that enables Somali businesses to accept international card payments for online purchases. This groundbreaking initiative is expected to significantly expand market reach, increase revenue for local businesses, and contribute to the growth of Somalia’s

BankservAfrica and UnionPay International Enhance E-commerce in Africa

Posted on by kara | 2125 Views | 7 min read

BankservAfrica and UnionPay International (UPI) are collaborating to facilitate easier and safer e-commerce transactions for UPI cardholders across Africa’s online merchants. Announced today, BankservAfrica and UPI have joined forces to introduce UPI e-commerce acceptance across several countries in Africa. This builds on UPI’s appointment of BankservAfrica, last December, as its domestic on-soil processor for affordable,

Kazang Partners With Masifunde to Boost Skills Development and Job Opportunities for Disadvantaged Youth

Posted on by kara | 2496 Views | 15 min read

Kazang, the micro-merchant division of JSE-listed fintech company Lesaka Technologies, has partnered with Masifunde Training and Development to provide employment opportunities for disadvantaged youth and contribute to the development of South Africa’s future workforce. This collaboration aims to empower young individuals from underprivileged backgrounds by equipping them with the necessary skills and knowledge to succeed

Mastercard Women SME Leaders Awards Reveals 2024 Winners

Posted on by kara | 5130 Views | 14 min read

Mastercard has announced the winners of the third edition of its Women SME Leaders Awards, celebrating the achievements of women-owned and led businesses across diverse sectors in the Eastern Europe, Middle East and Africa (EEMEA) region. Launched in 2022, the Mastercard Women SME Leaders Awards is the first initiative of its kind to recognize outstanding

Top Eight Steps to Strengthening Sa’s Path to Overcome Greylisting – RelyComply

Posted on by kara | 2941 Views | 15 min read

South Africa’s greylisting by the Financial Action Task Force (FATF) in early 2023 has created significant economic challenges. The development tarnishes the country’s reputation, causes delays and higher costs in international transactions, and potentially deters inbound foreign investment. But the good news is that the damage to the country’s international standing and economy needn’t be

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

Posted on by kara | 33665 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

Rand Merchant Bank Wins Global Trade Review Best Trade Finance Bank in Southern Africa and Best Trade Finance Deal in Africa With Sovereign Trade Finance Deal

Posted on by kara | 10651 Views | 12 min read

In the recent Global Trade Review (GTR) awards announcement, RMB has been awarded as the Best Trade Finance Bank in Southern Africa and for the Best Trade Finance Deal in Africa for the Sovereign Trade Finance transaction – a collaboration with the Multilateral Investment Guarantee Agency (MIGA) and the Ministry of Economy and Finance for

Crown Agents Bank and Invest Africa Launch the Payments Exchange Series

Posted on by kara | 9462 Views | 10 min read

A strategic campaign to drive the payments discussion forward in Africa Crown Agents Bank, the specialist provider of foreign exchange (FX) and cross-border payments for hard-to-reach markets, and Invest Africa, a leading platform for business and investment opportunities in Africa, today announces a new collaboration, ‘The Payments Exchange’. The campaign will drive new insight and

IKhokha Opens First Fintech Retail Store in Pietermaritzburg

Posted on by kara | 3225 Views | 14 min read

Fintech company, iKhokha has this week opened their first Pietermaritzburg retail store, where their point-of-sale devices can be purchased and where merchants can access support, networking opportunities and other business enhancement tools. Since launching in 2012, iKhokha has become one of the market leaders in the South African SME payments space, and have developed a