By: Andy Jury, Group CEO of Mukuru In years gone by, pages such as these have been awash with articles and opinions about fintechs and their potential to drive financial inclusion and improve the lives of millions of unbanked and underserved communities. While these opinions have been crucial in raising awareness, the discussion should now
A new mobile payments application will allow businesses to securely transact in multiple currencies across Africa. Leading African digital payments company DPO Group launched DPO Pay Mobile, a new version of their payments app. With several new features, DPO listened to merchant feedback to redesign and redevelop the payment app. DPO Pay Mobile app, previously called DumaPay, now offers
With the national unemployment rate hovering at around 40%, it’s clear quality education is a necessity in South Africa, but despite the dire need higher education remains out of reach for millions of young people. With the aim of providing individuals from disadvantaged backgrounds with the financial assistance they need to pursue a degree, the
The PCI Mobile Payments on COTS (MPoC) Standard Provides Flexibility in Mobile Payments Acceptance and Mobile Payment Acceptance Solutions Development Today the PCI Security Standards Council (PCI SSC) published a new standard designed to support the evolution of mobile payment acceptance solutions. PCI Mobile Payments on COTS (MPoC) builds on the existing PCI Software-based PIN
PayPal withdrawal service is now available on Equity Mobile App and Equity Online Customers to enjoy seamless PayPal account linking and withdrawal service alongside other numerous bank services on Equity Mobile App and Equity Online Equity Bank is currently the only Kenyan bank offering 24 hours PayPal withdrawal into a bank account Equity Bank has
Millennial and Gen Z consumers are driving demand for embedded finance across a range of existing and emerging touchpoints, according to new FIS research. As technology evolves and the physical, digital and virtual worlds converge, younger generations are inhabiting new channels, such as the metaverse, and creating the need for new ways to transact. Findings
Recorded fraud attempts remained flat despite a surge in transaction volumes, values and increased number of payment methods, as the broader retail market used Amazon Prime Days 2022 to drive sales, according to new data from ACI Worldwide (NASDAQ: ACIW). ACI Worldwide is a global leader in mission-critical payments software and its merchant business serves tens of thousands of
Mukuru, the leading next-generation fintech platform that enables simple, cost-effective financial services across Africa, Europe and Asia, says its enterprise payment platform (EPP) is poised to make a meaningful difference across Africa as it is designed to make financial experiences easier, safer and more accessible through the distribution of bulk payments. Michael Scott, Group Head
Merchants that use Peach Payments to accept digital payments can now leverage Instant EFT by Peach Payments to improve conversion, reach more customers and save on card fees South Africa-based digital payments gateway Peach Payments and API fintech Stitch have partnered to enable online merchants across South Africa to accept secure, low-cost instant EFT payments.
Financial inclusion is severely skewed in South Africa, with higher-income groups having more access to a range of financial services such as bank and savings accounts, loans, and insurance products. Those who are financially excluded have more difficulty accumulating wealth – further deepening this divide. But there are ways of overcoming this serious problem according
