How Banks and Processors Leverage Dedicated SaaS to Accelerate Payment Innovations – OpenWay

Posted on by kara | 1695 Views | 6 min read

Read more here. A staggering one-third of global software is used in a Software-as-a-Service (SaaS) model, and the volatile payment sector is quick to see its benefits. Both digital-native fintech companies and large, established banks and processors turn to SaaS for rapid product launches without substantial upfront investments or compliance-related delays. They can transition from

Kotani Pay Expands to Rwanda and Uganda, Driving Digital Payment Adoption in East Africa

Posted on by kara | 3259 Views | 11 min read
Kotani Pay

Kotani Pay, a licensed on-ramp and off-ramp service provider, has announced its expansion into Rwanda and Uganda. This development marks a significant milestone in empowering local fintech and crypto businesses, providing them with the essential tools to reach more customers and accelerate the adoption of digital payments in East Africa. Rwanda and Uganda are vibrant

Orange MEA & Mastercard to Digitise Payments Across Africa by 2025

Posted on by kara | 3726 Views | 12 min read
Orange

Orange Middle East and Africa (OMEA) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. This collaboration, one of the largest of its kind in the region, will enable millions of Orange Money wallet holders to access digital payments through Mastercard’s global network of merchants by 2025.

Moniepoint: Africa’s Fastest-Growing Fintech Secures $110M to Scale Digital Payments & Banking

Posted on by kara | 4326 Views | 22 min read
Moniepoint

Moniepoint Inc. (“the Company” or “Moniepoint”), Africa’s fastest-growing fintech, announces it has successfully raised US$110 million in equity financing to power the dreams of millions of businesses and their customers across Africa and the diaspora. Founded in 2015 by Tosin Eniolorunda and Felix Ike, Moniepoint (formerly known as TeamApt) has an enviable track record of

President Ruto: African Payment System will Unlock the Continent’s Trade Potential – COMESA

Posted on by kara | 3113 Views | 22 min read
President Ruto

President William Ruto has asked Member States of the Common Market for Eastern and Southern Africa (COMESA) to ratify the Pan-African Payments and Settlement System to enable and ease trade among the countries. The President said the African payment system will save Africa more than $5 billion annually in payment and foreign exchange transaction costs.

Volante Technologies and Standard Bank Partner to Transform Africa’s Payments with Historic PaaS Deal

Posted on by kara | 3657 Views | 11 min read
Volante

Volante Technologies, the global leader in Payments as a Service (PaaS), is proud to announce a strategic partnership with Standard Bank, Africa’s biggest bank by assets, to modernize payment infrastructure across the African continent. This marks one of the most ambitious PaaS payment deals signed in history. No other payment provider services this many countries

South African Bank Blocks Crypto Payments, Faces Industry Backlash

Posted on by kara | 4408 Views | 8 min read
South African Bank

South African bank Capitec has blocked electronic funds transfers and real-time payments to cryptocurrency exchanges as a security measure. While Capitec acknowledges growing interest in cryptocurrencies, the bank maintains that the measure is necessary to protect clients from fraud. Some industry players view this move as an attempt to restrict crypto trading. Crypto Payments Blocked

Fincra’s Continental Vision: Bridging Africa’s Payment Gap

Posted on by kara | 3148 Views | 12 min read
Fincra

Fincra, an African payment infrastructure provider, has achieved a significant milestone in its expansion plans. The company has secured a Third Party Payment Provider (TPPP) licence in South Africa, enabling it to offer its payment solutions to businesses in the country. This regulatory approval aligns with Fincra’s goal of simplifying value transfer across Africa and

NMB Bank Plc Launches Tanzania’s First QR Pay by Link (QR PBL) Payment Solution in Collaboration with Mastercard

Posted on by kara | 4508 Views | 14 min read
NMB Bank

NMB Bank Plc, in collaboration with Mastercard, proudly announces the launch of Tanzania’s first QR Pay by Link (QR PBL) payment solution, a significant milestone in the country’s journey toward digital transformation. This innovative solution allows SMEs to accept card payments via QR code or secure link, providing businesses with an efficient, cost-effective way to

Financial Institutions Staying Ahead With Advanced Digital Verification Methods – RelyComply

Posted on by kara | 1926 Views | 18 min read
Financial Institutions

By Bradley Elliott, CEO of Anti-Money Laundering (AML) software provider RelyComply Digital onboarding and real-time transactions are key to delivering a slick customer experience for financial services in today’s age. Yet this world of open trading has created gaps for financial criminals, including money launderers, terrorist financiers and fraudsters, to exploit. They are adept at