Omnisient, the SA-Founded Fintech, Secures $7.5m Investment From Arise.

Posted on by kara | 92 Views | 8 min read
Omnisient

The South African fintech start-up, Omnisient, has received a $7.5 million investment from Arise, advancing financial inclusion in Africa. Founded in December 2019, Omnisient is a privacy-preserving data collaboration and insights platform that allows the owners and users of consumer data to collaborate to extract commercial insights without compromising consumer privacy. The technology provides a

Paymentology Achieves Mastercard’s Cloud Edge Certification

Posted on by kara | 529 Views | 10 min read
Paymentology

Paymentology. the leading global issuer-processor, today announces its connection to Mastercard leveraging Mastercard’s Cloud Edge, further advancing its comprehensive cloud-first strategy to deliver next-generation payment solutions across the globe. The new certification aligns seamlessly with Paymentology’s cloud-first approach. Mastercard’s Cloud Edge allows customers to connect to Mastercard from cloud providers of their choice and supports

Equity Bank (Kenya) Limited Announces New Appointment

Posted on by kara | 1169 Views | 13 min read
Equity Bank

Equity Bank (Kenya) Limited, a subsidiary of Equity Group Holdings Plc, is one of the leading banks in Kenya. Equity Group Holdings Plc. is a Pan-African financial services holding company listed on the Nairobi Securities Exchange and cross-listed on Uganda Securities Exchange and Rwanda Stock Exchange. The Group has other banking subsidiaries in DRC, Rwanda,

dLocal and iTransfer Partnership Enables Faster and Cheaper Cross-Border Payments in Emerging Markets

Posted on by kara | 819 Views | 12 min read
Cross-border Payments

dLocal, a Uruguayan cross-border payment platform, has forged a partnership with iTransfer, a money remittance company. Their collaboration aims to address the complexities of cross-border payments in emerging markets, with a focus on mitigating currency risks and enhancing transfer efficiency. The partnership’s primary objectives include offering competitive rates, providing real-time currency updates, and increasing flexibility

Klasha Unveils Whitepaper on Future of China-Africa Cross-Border Payments

Posted on by kara | 648 Views | 12 min read
Klasha

Klasha, a prominent global cross-border payments company, has released a comprehensive whitepaper exploring the future of payments between Africa and China. The report, titled “Unlocking opportunities: The future of cross-border payments between Africa and China,” delves into key trends, emerging opportunities, and innovative solutions shaping this dynamic sector. China’s role as a major trading partner

South African Banks to Cut Digital Payments to CMA Countries – Standard Bank

Posted on by kara | 1505 Views | 9 min read
South African Banks

South African banks, in the next month, will halt electronic fund transfer (EFT) services to Namibia, eSwatini, and Lesotho, restricting clients from transferring money to these Common Monetary Area (CMA) countries. From September 4th, EFT services will be unavailable to South African customers wishing to send money electronically to these key Southern Africa Development Community

CrowdStrike Downtime Disrupts Payments Globally, Reminding Businesses of the Need for a Back-up Plan

Posted on by kara | 2522 Views | 12 min read

By Nicole Dunn, Co-founder and COO of Precium CrowdStrike, a leader in cybersecurity solutions, experienced a major service disruption due to a technical glitch in their cloud-based infrastructure. This unexpected downtime lasted for approximately 14 hours, leaving numerous businesses grappling with the fallout. Payment processing services were among the hardest hit, as many financial institutions

Temenos and Tech Mahindra Launch New Service on Temenos SaaS for EMIs to Get Faster to Market

Posted on by kara | 1620 Views | 10 min read

Temenos today announced it has signed an agreement with Tech Mahindra, a leading global provider of technology consulting and digital solutions, for Tech Mahindra to provide a core banking offering on Temenos SaaS specifically designed for Electronic Money Institutions (EMIs) in the UK and Europe. By leveraging Temenos composable banking capabilities and Tech Mahindra services,

Paycorp Expands Into Embedded Business Funding in South Africa and the UK

Posted on by kara | 2145 Views | 8 min read

Paycorp, a global leader in payment solutions, continues shaping the future of payments across Southern Africa, Central and Eastern Europe, and the UK. With over two decades of experience, Paycorp stands as an acknowledged innovator, leveraging a collaborative and integrated ecosystem, blending expertise, reliability and agility in transaction processing, cash management solutions, value-added services like

GenAI in Digital Payments: How to Maximize the Benefits? – OpenWay

Posted on by kara | 2816 Views | 3 min read

Financial institutions in EMEA, APAC, and USA agree on the two common barriers to the full potential of GenAI: “too much complex infrastructure” and “data quality and access”. However, both barriers are eliminated for companies that can integrate GenAI with their data-rich, real-time payments processing platform like OpenWay’s Way4. Nexi, the pan-European acquirer serving two million merchants, is positive