US consumer adoption has grown 29.5% in the last four years 96% of global consumers are aware of at least one money transfer and payment FinTech service One-quarter of small and medium-sized enterprises use FinTech, with a 23% adoption rate in the US Financial technology (FinTech) adoption among consumers has nearly doubled over the past
Partners with Cellulant, bringing new payment capabilities across Africa, starting with Nigeria, Kenya, Tanzania, Ghana and Uganda. Adyen, the payments platform of choice for many of the world’s leading companies, has announced the expansion of its payment network to a number of major African markets, further increasing its capability to offer key payment methods around
Considering global market demand for independent and standardized payment solutions, G+D Mobile Security and IDEMIA announce their intention to create the White Label Alliance (WLA) to provide a new security solution for next generation payment applications. The solution will be based on White Label EMV specifications and will enable ready-to-deploy solutions for domestic payment schemes
Tanzania’s ClickPesa is entering into a partnership with Dutch Payment facilitator Ai2. The partnership provides farmers in the agriculture and horticulture industry in Tanzania a quicker and cheaper way to receive payments from buyers in Western Europe. The partnership will create substantial value for farmers based in Tanzania enabling them to collect payments directly from
Venture-backed technology company KOKO Networks today launched its first network of 700 “KOKOpoints” inside neighbourhood shops across Nairobi. KOKOpoints are multi-purpose consumer access machines, combining a fuel ATM, an e-commerce kiosk and an in-store digital media experience. KOKO builds technology for life in the world’s fastest-growing cities. The first consumer solution on the Network is
A consortium led by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP, and Crossfin Technology Holdings, a fintech investment company announced today the acquisition of Sureswipe (Pty) Limited and the formation of Crossfin Transactional Solutions, South Africa’s largest independent payments and merchant acquiring solutions platform The acquisition of Sureswipe complements
Allied Wallet Africa will introduce the region to a new level of economical growth Allied Wallet, a globally leading provider of mainstream online payment processing, and its CEO Andy Khawaja introduce Allied Wallet Africa to create a new cashless economy in Africa. Allied Wallet and Dr. Andy Khawaja are partnering with Aimable Mpore of Telecel
The purpose of this communiqué is to announce the adjusted interchange rates for automated teller machines (ATMs). The South African Reserve Bank (SARB) annually reviews interchange rates for transactions emanating from the ATMs, cards and point-of-sale devices. In 2018, the SARB decided to keep the interchange rates for cards and cashback at point-of-sale devices unchanged.
Mastercard has announced that it will collaborate with Samsung to explore and deliver a better way for people to conveniently and securely verify their digital identity on the mobile devices they use every day. People today are juggling multiple passwords and documents in an attempt to keep their identifying data and money safe. They have
Mastercard is expanding its Engage programme in sub-Saharan Africa, with the first Engage events in Nigeria and Kenya to introduce local fintech innovators to its broad partnership opportunities. Mastercard Engage, launched to fintechs in Nairobi and Lagos, is a global partnership and development programme that builds digital payment technology ecosystems and enhances speed to market.
