Youtap Launches Mobile Money Payment Processing Platform as a Cloud-Based Service

Posted on by Staff Writer | 2503 Views | 9 min read

Youtap has launched Youtap Cloud, a payment processing platform delivered as a cloudservice for mobile money and payment providers in developing markets. Youtap Cloud enables real-time transaction processing for contactless mobile money and bank wallet payments. It supports QR code payments, as well as NFC technology, including low-cost micro point-of-sale (POS) devices, companion cards and

40% of Apple Users to Spurn Facial Recognition as a Payment Method

Posted on by Staff Writer | 2700 Views | 7 min read

A new survey conducted by Juniper Research has found that over 40% of iOS users in the US consider themselves unlikely to use facial recognition as a payment security technology. This suggests that a core use case for the iPhone X’s main security feature may struggle to gain traction amongst consumers. Contactless payment users considered

Allied Exchange Africa Launches a Cross-Network Mobile Money Platform

Posted on by Staff Writer | 3401 Views | 9 min read

Allied Exchange Africa Ltd. has launched its novel digital payment platform, ALEXpay to overcome the lack of cross-network fund transfer and interoperability which currently inhibits the potential of mobile money services in Ghana. According to Mr. Moses Kanduri, COO and Co-founder of ALEXpay, “the increased transactions and cash flows via mobile money transfer service platforms

Allied Exchange Africa Launches a Cross-Network Mobile Money Platform

Posted on by Staff Writer | 3349 Views | 9 min read

Allied Exchange Africa Ltd. has launched its novel digital payment platform, ALEXpay to overcome the lack of cross-network fund transfer and interoperability which currently inhibits the potential of mobile money services in Ghana. According to Mr. Moses Kanduri, COO and Co-founder of ALEXpay, “the increased transactions and cash flows via mobile money transfer service platforms

TerraPay to Launch Cross-Border Money Transfers in South Africa

Posted on by Staff Writer | 8817 Views | 8 min read

TerraPay, the world’s first mobile payments switch, announced today that it has successfully obtained regulatory approval from South African Reserve Bank to launch Cross-border money transfer services in South Africa. This makes TerraPay the 5th company to be licensed as a category three Authorised Dealer in Foreign Exchange with limited authority, also known as ADLA

CrediMax Launches ‘MaxWallet’ Digital Wallet

Posted on by Staff Writer | 2452 Views | 10 min read

In line with its strategy to continue delivering convenient and secure payment experiences to its customers, CrediMax in collaboration with Mastercard, a leading technology company in the global payments industry, has announced the launch of ‘MaxWallet’, its first Digital Wallet. The CrediMax ‘MaxWallet’ is Masterpass QR-enabled, allowing mobile banking users to safely pay for face-to-face

SA Tech Startup SnapnSave Attracts R14m in Investment

Posted on by Staff Writer | 3187 Views | 12 min read

Kalon Venture Partners, formerly Grotech, and Smollan Group SA both acquired a minority stake in South Africa’s fastest growing shopping community, SnapnSave. Kalon, a venture capital fund and Smollan Group, a leading international retail solutions business invested R7 million each. SnapnSave, founded by Mark Bradshaw is South Africa’s leading cashback coupon app that gives shoppers

Ghana: Mobile Money Fraud on the Rise

Posted on by Staff Writer | 3488 Views | 9 min read

Corporate Executive of MTN Ghana, Mrs. Cynthia Lumor, has warned customers and subscribers of the mobile money service against sharing their pin numbers with vendors or agents. According to her, no vendor or agent has the right to demand the private pin numbers of customers when performing a function on the mobile money platform. This

TerraPay and Instant Cash Launch Global Cross-border Money Transfers to Mobile Wallets

Posted on by Staff Writer | 4990 Views | 9 min read

TerraPay, the world’s first mobile payments switch and Instant Cash, one of the fastest growing money transfer companies in the world, have teamed up to enable real-time cross border money transfers to mobile wallets. Powered by TerraPay’s global clearing and settlement service for mobile wallets, the partnership will make cross-border money transfer faster and convenient

Youtap Launches Mobile Money QR Code Solution in Africa and Asia

Posted on by Staff Writer | 2263 Views | 6 min read

Youtap, a global provider of contactless mobile payments and financial services software, has launched a QR code solution and smartphone apps for mobile money services in Africa and Asia. Youtap’s solution enables customer-initiated or merchant-initiated QR code payments for smartphones and smart point-of-sale devices. The solution conforms to the BharatQR industry standard developed by Bharat,