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

Posted on by kara | 3415 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 | 2313 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

Entersekt Closes Record Year of Growth and Expansion

Posted on by kara | 2506 Views | 14 min read

FY24 momentum fueled by new clients, technology innovation, and strategic partnerships sets the stage for 2025 and beyond Entersekt, The Financial Authentication Company, announced today that it achieved unprecedented growth in its 2024 fiscal year, driven by the continued adoption of its innovative authentication solutions. Financial institutions worldwide are increasingly choosing Entersekt as their partner

With Giants Campaign, FirstBank Is Truly Woven Into the Fabric of Society

Posted on by kara | 2217 Views | 40 min read

The ‘Giant in you’ campaign of the FirstBank has again confirmed the common expression that ‘apple doesn’t fall far from the tree’ given the history of the financial brand and its legendary relevance to the growth of enterprises, within and outside Nigeria. In its usual creative conjecture, 13O-year-old FirstBank, has hit the airwaves and other

BankservAfrica and UnionPay International Enhance E-commerce in Africa

Posted on by kara | 2161 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,

enza and TerraPay Announce a Partnership to Transform the Payments Landscape in Africa

Posted on by kara | 1730 Views | 7 min read

enza, the innovative payments technology company liberating African banks from the constraints of legacy technology and operating models, and TerraPay a leading global money movement company, are excited to announce a strategic partnership to transform the payments landscape of Africa. By partnering, the organisations aim to tackle two problems that have inhibited the growth of

Credit du Maroc and Mastercard Sign Strategic Partnership to Advance Digital Transformation in Morocco

Posted on by kara | 2167 Views | 8 min read

Credit du Maroc and Mastercard have signed a strategic partnership agreement to bring new technologies to the market, contribute to advancing the bank’s digital transformation, and provide personalized solutions to its customers. Both banking giants state that this partnership aims to address the daily financial needs of Moroccans and reinforce the bank’s position as an

The Future of Cross-Border Payment: Traditional vs Digital – Verto

Posted on by kara | 3578 Views | 14 min read

As the world of finance evolves into the digital age, businesses now have the luxury of choosing platforms that offer convenience and efficiency in managing their finances. Companies dealing with clients in other markets can opt for digital payment systems for cross-border transactions, which promote speed, safety and cost savings. Africa is experiencing an increase

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

Posted on by kara | 1889 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,

SMEs Require a Banking Relationship, Even in This Digital Age – Standard Bank

Posted on by kara | 2386 Views | 12 min read

The World Bank estimates that small businesses constitute 90 percent of all businesses worldwide. In sub-Saharan Africa alone there are 44 million small businesses, with small and medium-sized enterprises (SMEs) accounting for 60 percent of jobs. In South Africa there are approximately 3.2 million SMEs, which make them the backbone of the economy with a