95% of consumers in South Africa used at least one emerging digital payment method in the last year with usage expected to increase further Adoption of cryptocurrency, biometrics, Buy Now Pay Later (BNPL), open banking and account-to-account payments are anticipated to continue accelerating The adoption of a broad range of digital payment methods is accelerating
Nigerians can now access cashless services over USSD channel Clickatell, a CPaaS innovator and Chat Commerce leader, has partnered with the Central Bank of Nigeria (CBN) to deliver fast, simple, and cost effective eNaira banking services to all Nigerians using the USSD channel, eliminating the need for data and available on all handsets. Clickatell has
In a move to further reduce dependency on cash transactions, stimulate innovation and drive the growth of digital payments in Nigeria, ProvidusBank together with Mastercard, Interswitch and Thales Group, today announced the introduction of a new Tap-to-Pay service. The service allows cardholders to make fast, secure, and convenient in-store payments by tapping their NFC enabled
This partnership enables customers to move funds from their bank accounts through their cards straight into their Orange Money wallets Orange Money, the mobile money service of Orange and leading Pan-African payments company, Cellulant (www.Cellulant.io), have launched a partnership to enable card-to-wallet transfers for 8 banks in Botswana. The Orange Money Card-To-Wallet service (https://bit.ly/3ex927w) in
The PCI Security Standards Council (PCI SSC) is pleased to announce the release of its new mobile app. The PCI SSC mobile app allows for more direct engagement with payment industry stakeholders, including instant notification of Council news and announcements, and easier access to important resources. PCI SSC launched its mobile app as a new
Quick and convenient addition to the payment ecosystem allows users to securely pay with Android phones or supported Wear OS device Mastercard, a leading technology company in the global payments industry, has collaborated to launch Google Pay in South Africa. Cardholders can conveniently and securely tap to pay with their Android phones or supported Wear
Zapper users can now link their bank accounts in the Zapper app to pay their favourite merchants securely at POS, in just one click South African independent mobile payments, insights, loyalty, and rewards platform Zapper has teamed up with payments and data API Stitch via its LinkPay product, to bring the latest in payments innovation
Capitec customers now enjoy added protection when using Samsung Pay thanks to Entersekt’s SIM age validation capability, also known as MNO (Mobile Network Operator) Authentication. The silent risk signal, which recognises if a SIM card has recently been swapped, helps crack down on the concerning rise in local SIM-swap fraud. South Africans have been particularly
The fintech has gained significant traction with its payment’s app and nationwide agency banking network PalmPay (https://PalmPay.com/), a fintech innovator aiming to make digital payment more accessible and flexible, announced that it has reached 10 million users in Nigeria. This represents a doubling in its user base within just six months and puts its customer
Africa’s fintech industry is coming of age. In the face of political and economic challenges and a global pandemic, fintech on the continent is booming. DOWNLOAD THE ARTICLE HERE
