Consumers Prefer Cards to Pay, Choices Differ by Age, Shows Fiserv Research

Interest in digital card options has grown, with physical cards still in demand Credit and debit cards are the payment method of choice for most consumers according to new research from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. Cards are seen as the fastest, easiest and most

New Digital Collections Platform to Spur Growth for Kenyan Businesses

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

Mama Money Accelerates Global Expansion and Appoints New CEO

Cape Town-based fintech Mama Money is growing fast as it expands globally. This year, its cross-border money transfer volumes have more than doubled compared to the previous quarter with the company aiming to double its market share by developing new services as it enters new regions. From 2018 to 2021, the company’s volume increased by

Kenya Bankers Association: Bankers, Payments Firms and Retailers in Drive to Reduce Consumer Exposure to Fraudsters

Consumer education will play a central role in addressing emerging security challenges. During the launch of the Kaa Chonjo! (Be Alert!) card, mobile and online safety awareness campaign, players in the financial, payments and retail sectors highlighted the importance of continuing to empower the public with information on fraud prevention. In his remarks, Kenya Bankers

Namibians Embrace Cashless Payment App PayPulse

Namibian consumers and merchants are increasingly turning to cashless payment methods as their preferred method of transacting. Since launching in 2018 PayPulse, Standard Bank’s cashless transaction app, has gained significant traction in that market, processing just under a million transactions to the value of N$ 442 million during the period 1 January 2021 to 31

EBA CLEARING, SWIFT and The Clearing House to Deliver Pilot Service for Immediate Cross-Border Payments

Taking the next step towards faster cross-border payments, banks from both sides of the Atlantic are preparing to exchange payments across TCH’s and EBA CLEARING’s real-time payment systems. SWIFT and The Clearing House (TCH) has announced that they plan to launch a pilot service for immediate cross-border (IXB) payments with the support of banks from

SWIFT Broadens Access with New Public Cloud Connectivity through Amazon Web Services, Google Cloud and Microsoft Azure

Streamlines access to financial messaging service while ensuring resiliency and security Public cloud has potential to unlock significant benefits while lowering costs SWIFT has announced that it will enable financial institutions to connect to its network and applications through public cloud providers Amazon Web Services, Google Cloud and Microsoft – a move that will streamline

Cellulant has Partnered with NALA to Power Low-Cost Cross-Border Payments from the UK and USA into Africa

NALA provides an app for Africans living in the United Kingdom and the United States to send money to the continent seamlessly. NALA, a Tanzania based Fintech company, has teamed up with Cellulant (www.Cellulant.io), a Pan-African Payments Company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and

BankservAfrica enhances its Cash Service with Intix

BankservAfrica’s Integrated Cash Management System (ICMS) Team introduced an automated transactions monitoring system in March 2022 that will take customer services to the next level. BankservAfrica has partnered with Intix, a global company providing state-of-the-art technology solutions for institutions to gain a full view of financial transactions across data sources and data formats. The BankservAfrica

FIS’ Modern Banking Platform Now Available on the Microsoft Azure Cloud Platform

FIS has announced that the FIS Modern Banking Platform is now available on the Microsoft Azure cloud platform, expanding digital online banking to financial institutions in markets including the United Kingdom, Thailand and New Zealand. The offering combines the latest advancements in cloud security, monitoring, resiliency and operational analytics with a modern, cloud-native core. The