Cellulant Named Number One Payment Brand in Kenya

Star brands are those that have achieved milestones, have a history of success, and, most importantly, have established themselves as trendsetters for newcomers to the industry  Pan-African payments technology company, Cellulant (www.Cellulant.io/), was named as the ‘Top Payments Gateway Brand in Kenya” at the Top Star Brand Awards 2022. This award recognises Cellulant as a

PayU Shares Black Friday and Cyber Monday Insights

Big ticket items and new payment methods deliver surprising data Black Friday and Cyber Monday came and went with a positive bang and a bag full of surprises, despite the concerns of pressure exerted by inflation and loadshedding. Chairperson of the ECommerce Forum of South Africa (EFSA) and PayU CEO, Karen Nadasen, shared, “Following trends from

Digital Payments: A Crucial Step in the Financial Inclusion Endgame

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

DPO Launches New DPO Pay Mobile Payments App

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

Ukheshe and Coinvest Join Forces to Facilitate Payments to Students in Need

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

PCI SSC Publishes New Standard for Mobile Payment Solutions

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

Equity Links PayPal Withdrawals to Equity Mobile App and Equity Online Enhancing Customer Experience

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

Gen Z’s Message to Merchants: Meet Us in the Metaverse – New FIS Data Shows Young Consumers Drive Demand for Innovation

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

Merchants Use Fraud Management to Shore Up Balance Sheets – ACI Worldwide Data

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’s Bulk Payment Platform Poised to Extend Financial Inclusion Across Africa

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