ReD and Transact Connect Partner to Deliver Payment Solutions in Africa

Posted on by wademinnie | 13584 Views | 7 min read

ReD, a fraud prevention and payment services provider, has announced a new five year partnership agreement with South African payments experts, Transact Connect. The two companies will work together to introduce ReD’s full range of solutions to merchants and financial institutions across Africa. Transact Connect provides electronic payment expertise to Payment Services Providers, financial institutions,

Interview: Ugandan Techie Develops Mobile Money Transfer Service

Posted on by wademinnie | 11334 Views | 54 min read

Ugandan serial entrepreneur Teddy Ruge has launched a homegrown quick-pay service that targets the diaspora and aims to compete with industry giants such as Western Union and Moneygram. His project, Remit.ug, provides Ugandans living in the diaspora with the ability to send money to loved-ones using an African service, thus helping to boost the economy

Spark ATM Cash Index for South Africa – October

Posted on by wademinnie | 10588 Views | 10 min read

The latest statistics released by the Spark Cash Index (SCI), which measures the average value of cash withdrawals across more than 2 200 Spark Automated Teller Machines (ATMs) throughout South Africa, showed a slight increase in ATM withdrawal levels for October 2013 and illustrates that consumers are bracing themselves for the upcoming festive season. The

8 Gaming Companies that are Taking Payments to the Next Level

Posted on by wademinnie | 7448 Views | 8 min read

In recent months there has been an increasing trend for gaming companies to get creative with payments. With new technologies emerging all the time, gaming companies are constantly finding ways to make in game payments quicker and easier. Here is a rundown of some of the innovations gaming companies have been making in the payments

Wirecard is the First Payment Provider for African Airlines Association

Posted on by wademinnie | 12600 Views | 5 min read

Wirecard AG, a specialist for payment and risk management solutions, has joined the African Airlines Association (AFRAA) partner program as a full member with immediate effect. As a result, the Munich-based company is the first payment service provider in the world to join the AFRAA network. “We want to offer our association members clarification, and

VeriFone Payment Systems Selected in Egypt’s Retail Petroleum Market

Posted on by wademinnie | 11383 Views | 8 min read

VeriFone Systems, Inc., has announced that its portable payment acceptance systems, the VX 680 and VX 675, have been deployed by e-finance to facilitate the state-sponsored transition of Egypt’s entire gasoline and petroleum products retail market to an electronic payment system. e-finance, Egypt’s first and largest payment gateway service, was awarded the modernization contract in

SA Banking Industry Releases Crime Fraud Statistics

Posted on by wademinnie | 13179 Views | 9 min read

The banking industry is pleased to announce that debit card fraud losses have decreased by 42% for the period 1 January- 30 September 2013. This is according to the latest banking industry’s card crime statistics as released by SABRIC (The South African Banking Risk Information Centre). This figure is significantly lower when compared to the

Paga Partners with Bus.com.ng to Provide Alternative Payment Options

Posted on by wademinnie | 8938 Views | 11 min read

Paga, the mobile payments company in Nigeria announced its partnership with Nigeria’s online bus ticket pre-booking engine − Bus.com.ng to provide alternative ticket payment channels. This partnership will allow bus.com.ng customers to utilise Paga’s secure and easy to use payment options to pay for bookings online at www.bus.com.ng, via SMS and through the vast Paga

Kopo Kopo Mobile Money Merchant Services Platform Secures $2.6 Million in Financing

Posted on by wademinnie | 14311 Views | 8 min read

Kopo Kopo, a merchant services platform serving thousands of businesses in East Africa, announced that it raised $2.6 million in Series A financing. Javelin Venture Partners led the round with Vinod Khosla’s Impact Fund, an existing investor. Accion Venture Lab also participated. Noah Doyle of Javelin Venture Partners will join Kopo Kopo’s board of directors.

Deloitte: E-Commerce and Payments Fraud High Priority but Solutions Lacking

Posted on by wademinnie | 5429 Views | 6 min read

E-commerce and payments fraud remains high on the agenda for consumer-facing organizations, according to a recent Deloitte online poll. Nearly half (47 percent) of executives and managers reported that fraud protection ranks as a “high priority” for their organization and a further eight percent cited this as their organization’s number one priority. Despite fraud prevention