The groundbreaking Ecobank Mobile App, a single, unified financial services application across 33 African countries, has processed 9 million transactions worth over $1 billion since launch less than 18 months ago. With over 4 million users, the Ecobank Mobile App is available to all, enabling users to open an Ecobank Xpress™ Account instantly on their
PayPal and Safaricom announced a revolutionary collaboration that enables Kenyans to seamlessly move money between their M-PESA and PayPal accounts. The new service eliminates significant barriers that have hindered consumers and businesses in the country from taking full advantage of global eCommerce. “PayPal’s collaboration with M-PESA is part of the company’s long-term strategy to enable
A new study from Juniper Research has found that nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up by nearly 30% on the 1.6 billion recorded at the end of 2017. The study claimed that while contactless card payments were far more prevalent than
The upgraded version of Ecobank’s mobile app has attracted 3 million new customers in just 6 months, taking the total number of users to 4 million. The app builds on the core functionality that saw the original version applauded as a game changer for African banking by using digital technology to combat many of the
Qatar Duty Free becomes first Airport Retailer in MEA to introduce Alipay. Hamad International Airport ranked the world’s fourth ‘Best Airport for Shopping’ at the Skytrax World Airport Awards 2018, up one place from last year. Wirecard, one of the leading providers of digital financial technology, is expanding its collaboration with Qatar Airways by partnering
SimbaPay – a London based digital money transfer provider – has announced the launch of an AI (Artificial Intelligence) powered chatbot service which now makes International Money Transfer (remittance) possible with only an SMS. The SimbaPay chatbot will also enable 24/7 instant customer service for its customers across Africa and Europe. “We’re thrilled at the
Mastercard has completed its acquisition of mobile payments technology company Oltio from Standard Bank Group. The acquisition builds on Mastercard’s longstanding relationship with Oltio, a startup that pioneered and patented several mobile payments and banking solutions, including an authentication technology. Today, that technology enables consumers to authenticate Masterpass digital wallet purchases in South Africa using
Mastercard Payment Transaction Services S.A. (MPTS), a European processor, rolls out a new digital payment solution that leverages Mastercard Digital Enablement Service (MDES) tokenization for secure payment card provisioning on mobile devices. The solution allows Mastercard Issuers to easily deploy the latest mobile pay schemes including Apple Pay, Android Pay, Samsung Pay as well as
Mastercard’s partnership with Selcom, a leading East African fintech, will enable the global technology leader to expand its mobile payments solution, Masterpass QR, in Tanzania. The partnership will provide Mastercard access to Selcom’s established network of merchants in Tanzania and the two will work to empower these merchants to accept QR payments. Additionally, the partnership will
Comviva, the global leader in mobility solutions today announced that its flagship mobile money product, “mobiquity Money”, has crossed the 100 million registered customers mark across 60 deployments in 45 countries. Moreover, the product processes 3.6 billion mobile money transactions, valuing over $60 billion annually. On the occasion of completing a decade of mobiquity Money,
