IBM Report: Identity Comes Under Attack in Middle East and Africa, Straining Enterprises’ Recovery Time From Breaches

IBM released the 2024 X-Force Threat Intelligence Index highlighting an emerging global identity crisis as cybercriminals double down on exploiting user identities to compromise enterprises worldwide. This global trend is also reflected in the Middle East and Africa region (MEA), with the use of valid local accounts and valid cloud accounts, making up the primary

Visa’s Growing Services Business Infused with New AI-Powered Products

Visa, a leader in digital payments, announced continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The new products, part of the end-to-end Visa Protect suite, are designed to reduce fraud across immediate account-to-account and card not present (CNP) payments, as well as transactions

Who’s Leading the Fintech Pack in Africa? – Ukheshe

The local fintech bubble may have burst, with valuations becoming much lower as investors look for profitability and maturity instead of growth prospects, but there is still a lot of capital available. And for those ahead of the curve, there’s no slowing down, says Clayton Hayward, CEO at Banking as a Service (BaaS) and embedded

FSB Middle East and North Africa Group Discusses Regional Financial Stability Issues and Cross-Border Payments

The Financial Stability Board (FSB) Regional Consultative Group for the Middle East and North Africa (RCG MENA) met today in virtual format. The group discussed global and regional macroeconomic and financial stability developments. Spillovers from bank failures in the US and Europe in March have been muted. However, geopolitical factors are weighing on the outlook

Stanchion Taps Pierre Aurel as New Chief Product Officer

Stanchion Payments, a prominent global provider of payment technology, is thrilled to announce the appointment of Pierre Aurel as its new Chief Product Officer. With a remarkable track record in payment product development and innovation, Pierre brings a wealth of experience to his role in Stanchion’s dynamic and expanding team. Pierre Aurel’s achievements include spearheading

Network International Delivers Strong H1 2023 Results Across MEA Markets

Network International Holdings Plc has announced its interim financial results for the half year ended 30 June 2023. The company reports good H1 2023 results with total revenue growing 19% in constant currency year-on-year (y.o.y.) demonstrating broad-based growth across all regions and business lines, with the total value of consumer payments processed with merchants across

The Bank of Tanzania Grants License to DPO Pay

Leading African digital payments provider, DPO Pay, registered under One Payment Tanzania Limited, has received approval from the Bank of Tanzania to operate as a Payment Service Provider (PSP) in the country. The National Payment System Act, 2015 requires all PSPs to undergo a rigorous license application process to provide payment services in Tanzania. DPO