Capability is powered by Masterpass, Mastercard’s digital payment service FNB, South Africa’s best digital bank, is expanding its digital payments ecosystem by enabling consumers and sole proprietor businesses to perform and accept QR code payments using the FNB Banking App. This makes FNB the first bank in South Africa to integrate QR code payments for
Folarin is a smart entrepreneur who is in touch with technological advancement and the digital age. He has different apps on his mobile phone which he uses to organise both his business and private lives. He has a food app which he uses to order for his breakfast and lunch, he has another one that
3-D Secure 2 access control server comes bundled with APIs for a wide range of in-app payment experiences Entersekt, an innovator in mobile-first fintech solutions, announced that it has gained EMVCo certification for its 3-D Secure 2 access control server. EMVCo is a payments industry consortium managing global specifications for secure card-based e-commerce transactions. Entersekt
UnionPay International has announced the launch of the UPI Developer, an open platform that gives global developers access to 18 of UnionPay’s UnionPay cross-border mobile Internet payment products and services in the first phase. Through the platform’s application programming interface (API), developers can integrate UnionPay’s technical services into their products efficiently and cost-effectively, thus providing
This is the last of a three-part series on the importance of interoperability in the payments space. In the first article we looked at the early history of electronic payments and how interoperability played a key role in the success of credit cards and ATMs. In the previous article we will take a closer look
The Nordic firms Vipps and ePassi, leading smart payment providers from Norway and Finland respectively, revealed that their users will be able to use their home app to scan the QR code of the partner scheme from 2019. This will provide easier payment solutions to the existing 4 million app users when they travel, with
Ecobank The Pan-African bank has announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170 million mobile money users through an integration with MFS Africa that covers all Telcos in the MFS
This is the first of a three-part series on the importance of interoperability in the payments space. In this article we look at the early history of electronic payments and how interoperability played a key role in the success of credit cards and ATMs. In the next article we will take a closer look at
Two of Africa’s largest mobile operators and mobile money providers, Orange Group and MTN Group, have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali makes it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost. Mowali will
Safaricom, Kenya’s leading mobile network operator and provider of M-PESA, a leading mobile wallet, and the Western Union Company, a leader in cross-border and cross-currency money movement, have joined forces again—this time to unlock global money transfers for more than 28 million mobile wallet holders, by leveraging the Western Union global money movement platform. In
