Mama Money Partners With Access Bank and Paymentology to Launch New WhatsApp-Powered Bank Card

Paymentology the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer

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

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

Shaping the Future of Banking in Africa With EFT Corporation

Last year, the World Economic Forum called Africa the “world leader” in digital and mobile banking. There’s no doubt that banking in Africa has undergone significant changes in the last few years and that it will continue to change and grow in the coming years. How can business leaders prepare for this? How has the

“GCB Has Been An Active Player In Supporting Various Sectors Of The Economy” – Mr. John Adamah

On Wednesday 20th September, Executive Head, Retail Banking Mr. John Adamah was a guest on GTV’s ‘Market Avenue’ hosted by Maurice Ogbete to speak on GCB Bank’s 70th anniversary celebrations. Mr. Adamah began the conversation by answering questions on GCB Bank’s contributions to the socio-economic development of Ghana over the last 7 decades. He spoke

The 9th Edition Connected Banking Summit – West Africa will be held on the 15th and 16th of November in Accra, Ghana

Innovations Powering Digital Inclusion and Sustainable Transformation The Connected Banking Series focuses on building future-oriented banking models by accelerating the pace of digital transformation and delivering a delightful customer experience in line with policy and regulations while ensuring the highest standards of privacy and security. The Summit, collocated with the Connected Banking summit Innovation and

Ecobank Group and PAPSS Partner to Enhance Cross-Border Payment Across Africa

Mr. Jeremy Awori, Chief Executive Officer of Ecobank Group, and Mr. Mike Ogbalu III, CEO of PAPSS signed the Memorandum of Understanding on June 19, 2023, in Accra, Ghana. Ecobank Group, the leading pan-African banking Group, and The Pan African Payment and Settlement System (PAPSS) have signed a Memorandum of Understanding (MoU) to facilitate settlement

Tingg by Cellulant Automates Payments for Petrol Stations in Ghana

OMCs can now track and reconcile transactions easily, increasing their operational efficiency by 50% Tingg by Cellulant In-Store solution is transforming the digital payments space in Ghana by providing Oil Marketing Companies (OMCs) with a single payment collection point across multiple payment options and channels, ensuring real-time settlement. This advancement allows OMCs in the country

Collaboration Between Banks And Fintechs is the Future of Banking – GCB MD

The Managing Director of GCB Bank PLC, Mr Kofi Adomakoh, has stressed the need for more collaboration between banks and fintechs. He said fintechs and banks working together, cooperation and collaboration is the future of banking. Speaking at the Money Summit, organized by the Business and Financial Times (B&FT) in Accra, Mr Adomakoh added that

Pan African Payment and Settlement System (PAPSS) and African Securities Exchange Association (ASEA) Forge Strategic Partnership to Revolutionize Cross-Border Payment of Stock Exchanges in Africa

African Export and Import Bank (Afreximbank) and the African Continental Free Trade Area (AfCFTA) Secretariat developed PAPSS, which enables instant cross-border payment in local currency The Pan African Payment and Settlement System (PAPSS) and the African Securities Exchange Association (ASEA) have signed a Memorandum of Understanding (MoU) to enhance collaboration and cooperation in promoting cross-border

Growing Compliance to Take its Toll on Acquiring Margins Unless Banks Act

Banks hoping to navigate the uncertainties of 2023 will be looking to their modernisation efforts as a way to claw back some value. In its 2023 banking outlook, Deloitte has advised banks to “…reassess traditional product, service, and industry boundaries to create new sources of value.” The company has suggested that this could include exploring