Bank of Africa Chooses Sopra Banking Software’s Open Banking Platform to Operate North to South Money Transfers

Posted on by Staff Writer | 4742 Views | 10 min read

Sopra Banking Software (SBS), a global leader in financial technologies, have announced the recent signature with BANK OF AFRICA, to launch a new innovative offering for North to South money transfers based on SBS Open Banking Platform, powered by European open banking platform Tink. Technology disruption, new regulations, consumer shifts and the impact of the

Tanzania Government Cuts Mobile Money Transaction Charges by 30pc

Posted on by Staff Writer | 7294 Views | 5 min read

The statement added that newly reduced rates will be officially announced in the Government Gazette tomorrow Tanzania’s Government has reduced mobile money transaction levy by 30 percent. A press statement issued by the Ministry of Finance and Planning Tuesday stated that Minister Mwigulu Nchemba has already signed the review of the charges. Following concerns and

Shoprite’s Money Market Account Launches Instant EFT Payments

Posted on by Staff Writer | 5590 Views | 10 min read

Shoprite is the first South African retailer to launch an instant electronic funds transfer (EFT) service. The EFT service enables customers to instantly send vouchers to another person in just three simple steps. Senders only need to enter the recipient’s mobile number and the amount they wish to pay. There is no need to download an app

ACI Worldwide Announces 2021 Innovation Award Winners, Recognizing Global Digital Payments Innovation

Posted on by Staff Writer | 5967 Views | 11 min read

National ITMX, Oklahoma Wesleyan University, Plexus Worldwide and Volkswagen Payments Receive Top Honors ACI Worldwide, a leading global provider of real-time payments and digital payment software solutions, today announced the winners of the 2021 ACI Innovation Awards. The awards recognize leading banks, financial intermediaries, merchants and billers around the world for their innovative use of ACI’s digital payments

Enjoying Banking Convenience with FirstBank’s FirstMobile

Posted on by Staff Writer | 5069 Views | 24 min read

As the world is evolving digitally, Nigerian banks are currently looking for ways to make the banking experience better and FirstBank is not an exception to this aggressive drive. The efforts in this regard include building and constantly improving on its product offerings like the FirstMobile, its industry-leading mobile banking app; FirstOnline, the internet banking

TNM Mpamba and Mastercard Partner to Transform Malawi’s Payment Landscape

Posted on by Staff Writer | 14155 Views | 14 min read

TNM Mpamba is the first mobile money provider in Malawi to launch a Mastercard virtual payment solution powered by National Bank, enabling its mobile money customers to make safe and seamless international e-commerce payments on the Mastercard network. In a country-first for Malawi, mobile money service provider TNM Mpamba has launched a Mastercard virtual payment

Subsidized Banking Means that MiVoice App is SA’s First Free Digital Wallet

Posted on by Staff Writer | 4698 Views | 16 min read

An estimated 23.5% of South Africans are unbanked*, which brings several personal and economic disadvantages. In a concerted effort to change this situation, MiVoice, the world’s first fully mobile HR management solution for domestic employees, has designed South Africa’s first genuinely free digital wallet. According to the World Economic Forum, the fee structure of South

Fiserv Introduces Expanded Digital Capabilities for Consumer and Business Customers of Financial Institutions

Posted on by Staff Writer | 3886 Views | 11 min read

Capabilities will enable industry-leading digital banking experiences for financial institutions of all sizes Fiserv, Inc., a leading global provider of payments and financial services technology solutions, has introduced enhanced Fiserv Digital capabilities for integrated digital banking and card management. This enriched, mobile-first suite will enable financial institutions to offer their consumer and business customers an

Platform Technology a Big Boost for the Democratisation of Payments

Posted on by Staff Writer | 4866 Views | 14 min read

The concept of platforms is nothing new. Our railways, phone networks and even our shipping industry are all examples of networks which operate under agreed universal standards and can be described as platforms. Today, we participate on tech platforms every day when we use services like Airbnb and Uber or shop on eBay and Amazon.

Transforming B2B Payments Could Help Africa’s Local Businesses Grow

Posted on by Staff Writer | 12748 Views | 18 min read

By Clara Wanjiku Odero The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3 percent to about $56 billion in 2020. However, global businesses that want to pay their Africa-based vendors and patterns are often frustrated by their experience with B2B payments. Typically, international businesses must route funds through