Bank of Ghana’s launch of GhanaPay mobile wallet for banks, savings and loan companies and rural and community banks, marks yet another milestone in digitisation of the financial system. Banks in Ghana are re-inventing themselves and have continued to respond positively to the competitive nature of the payment systems, characterised by increased consumer preferences for
As part of BankservAfrica’s efforts to get closer to the market for TCIB (Transactions Cleared on an Immediate Basis), a Collaborator Forum was launched on 9 May. This virtual meeting point enables key role-players and stakeholders to join forces with the TCIB team to ensure the success of cross-border payments in the SADC (Southern African
Partnership will enable millions of potential EziPay customers to transact on global online platforms with a Mastercard virtual payment solution linked to the EziPay wallet Collaboration underpins a new wave of financial inclusion through mobile devices, unlocking opportunities for millions of people across MENA Mastercard has strengthened its collaboration with major fintech operators by partnering
This partnership will allow customers in the province to conveniently pay their water bills with their preferred mobile money and selected bank accounts Zambia is pleased to announce a digital payment partnership with five leading Zambian water utility companies; Nkana Water, Kafubu Water, Mulonga Water, Chambeshi Water and Western Water. This partnership will allow customers
Vantage Africa Limited, trading as “VantagePay”, a payments and technology company, has announced that Crossfin Holdings (Proprietary) Limited (“Crossfin”) has acquired a meaningful stake for an undisclosed sum. Barry Lobel, VantagePay’s CEO and co-founder welcomed Crossfin’s investment. “VantagePay has developed a leading cloud-based payments platform to address the massive latent demand for access to trusted
Sokin has teamed up with Mastercard to connect consumers in 39 new markets to payments services that are more open and transparent, removing the barriers that have historically hindered access and financial inclusion The partnership has been expanded to help consumers make transactions on their own terms Sokin, the new generation fintech payment firm, has
Equity Virtual Assistant (EVA) chatbot is Equity’s latest addition to self-service digital banking EVA, offers Equity customers a seamless interactive banking social media platforms: WhatsApp, Facebook Messenger and Telegram. EVA chatbot facilitates digital banking transactions and customer support services anytime anywhere. This latest innovation reaffirms the Bank’s commitment to continue giving customers the freedom, choice
UBA Kenya and Cellulant Kenya launch payments gateway to accelerate adoption of cashless payments The volume of global cashless transactions is set to grow by more than 80% between 2020 and 2025 according to the Payments 2025 & Beyond Report by PWC. In recent years, individuals and businesses alike have adopted digital payments reshaping the
Mobile point-of-sale solutions (mPOS) are no longer ‘alternative’ payment solutions – even small vendors who aren’t using this technology, will soon lose out if they don’t adapt. The market is expected to achieve a compound annual growth rate of almost 20 percent between 2021 and 2027, with many merchants not only adding these solutions to
Independent mobile payments, insights, loyalty and rewards platform, Zapper, has announced that their merchants will now be able to accept tap-on-phone payments. The new functionality gives them access to virtually all digital payments without the need for any additional point of sale hardware and irrespective of whether consumers have the Zapper app. “After a successful
