Investec and BankservAfrica Reveal Prototype of Blockchain-Based Identity System

Posted on by Staff Writer | 3757 Views | 13 min read

At the recent Blockchain Africa conference in Johannesburg, Investec, in collaboration with BankservAfrica and uPort, demonstrated a digital identity system anchored in the Ethereum blockchain. The initiative was born in the digital identity working group of the SA Financial Blockchain Consortium (SAFBC). The identity system enabled each conference attendee to create an individual identity by

Appointment of Matthieu Destot as EVP, Banks & Acquirers at Ingenico Group

Posted on by Staff Writer | 2639 Views | 9 min read

Nicolas Huss, Chief Executive Officer of Ingenico Group, appoints Matthieu Destot as EVP, Banks & Acquirers Business Unit, and strengthens the Business Unit’s strategic focus on the APAC region. Ingenico Group, the global leader in seamless payments, has announced the appointment of Matthieu Destot as EVP, Banks & Acquirers (B&A), effective April 1st, 2019. Matthieu

EMVCo Promotes Confidence and Consistency for EMV CDCVM Solutions

Posted on by Staff Writer | 3313 Views | 10 min read

The deployment of Consumer Device Cardholder Verification Method (CDCVM) solutions across the payments ecosystem is increasing. EMVCo is therefore working to promote confidence and consistency by identifying and addressing specific security, functional and performance needs for CDCVM. With traditional Cardholder Verification Methods (CVM), consumer authentication is performed on the merchant system (a PIN entered into

Bank Zero has Officially Implemented its EFT Payments Capabilities

Posted on by Staff Writer | 4125 Views | 21 min read

Bank Zero has officially implemented its powerful EFT payments capabilities and started full end-to-end Beta testing ahead of the bank’s launch in the second half of 2019. Bank Zero is now processing payments and debit orders efficiently and securely, as well as facilitating purchases of prepaid items such as data, airtime and electricity. Bank Zero’s

Remitly Partners with Visa to Enhance Cross-Border Money Transfer Service

Posted on by Staff Writer | 3158 Views | 8 min read

Visa Direct offers Remitly customers the choice to send cross-border payments to recipients’ eligible Visa cards Remitly has announced an agreement to further modernize the sending and receiving of funds internationally by adding another fast, secure and transparent channel to the Remitly digital money transfer platform through Visa Direct, Visa’s real-time push payments platform. Working together,

E-commerce Expected to Create Local and International Opportunities for Kenyan SMEs

Posted on by Staff Writer | 3713 Views | 7 min read

Kenyan SME must embrace e-commerce as a strategy to grow their business, increase capacity and eventually attract long term financing. Business and corporate leaders meeting during the E-Commerce Kenya Conference held at Strathmore University said that ecommerce is an indispensable proposition in the growth of the SME sector. Dr George Njenga, the Strathmore Business School

Introducing Apple Card, a New Kind of Credit Card Created by Apple

Posted on by Staff Writer | 3483 Views | 24 min read

Apple® has announced Apple Card™, an innovative, new kind of credit card created by Apple and designed to help customers lead a healthier financial life. Apple Card is built into the Apple Wallet™ app on iPhone®, offering customers a familiar experience with Apple Pay® and the ability to manage their card right on iPhone. Apple

Spaza Shop Fintech Closes a Gap in this R40bn Cash Market

Posted on by Staff Writer | 3431 Views | 16 min read

It is estimated that the spaza shop market in South Africa is valued at around R40 billion per year and that 90% or more of the transactions are in cash. This market is growing at around 10% each year. Despite this alarming statistic of unaccounted cash, South Africa’s informal market is characterised by unbanked spaza

NatSave and Mastercard Sign Strategic Agreement to Drive Digital Transformation and Financial Inclusion in Zambia

Posted on by Staff Writer | 4426 Views | 9 min read

The National Savings Bank (NatSave) and Mastercard have signed a strategic partnership agreement, which will see the bank rollout Mastercard Chip and PIN prepaid and debit cards to provide its customers with a safer and more convenient alternative to transacting with cash. This is in line with the government’s goal of creating an inclusive and

E-commerce Forecast to Rise to 24% of Card Spending – RBR

Posted on by Staff Writer | 3073 Views | 9 min read

Source: RBR (www.rbrlondon.com) Online card expenditure growing at double digit rates and will continue to increase significantly faster than card spending at physical outlets to account for nearly a quarter of all card expenditure by 2023. Cardholders moving away from physical outlets in search of lower prices and convenience Research from RBR analyses the role