The Nordic firms Vipps and ePassi, leading smart payment providers from Norway and Finland respectively, revealed that their users will be able to use their home app to scan the QR code of the partner scheme from 2019. This will provide easier payment solutions to the existing 4 million app users when they travel, with
As part of his visit to Kenya, Tim Murphy, General Counsel at Mastercard met with Patrick Ngugi Njoroge, Governor of the Central Bank of Kenya to discuss their shared commitment to bringing the latest digital payment safety and security technologies to east Africa. “Our goal is to provide Kenyans access to the tools and solutions
Western Union, a leader in cross-border, cross-currency money movement, announces an alliance with TerraPay to enable mobile wallet and bank account payout. The alliance further expands upon Western Union’s account payout network for sending remittances directly into customers’ mobile wallets across Europe, Africa, Asia and Latin America. TerraPay’s low value payments network connects financial instruments
In line with its long-term digital strategy, ABC Banking Corporation, the flagship banking arm of ABC Group, has officially launched the ABC Banking QR Pay on Wednesday 05th December 2018 at Trianon Convention Centre. Developed in close collaboration with UnionPay International, the ABC Banking QR Pay is a cardless, secured and QR Code-based payment solution.
Ecobank The Pan-African bank has announced the appointment of MFS Africa as Digital payment partner enabling cross-platform payment services for Ecobank account holders. The partnership allows Ecobank customers to send and receive money to and from over 170 million mobile money users through an integration with MFS Africa that covers all Telcos in the MFS
Mastercard and DPO Group have announced a collaboration to enable more than 40,000 African merchants to accept Mastercard payments, connecting more people and businesses to the global economy. The collaboration will enable DPO to act as a Pan-African switch by using the Mastercard Payments Gateway Services (MPGS). DPO will now be able to independently authorise
Debit and credit card transactions reached 4.8 million during this year’s Black Friday. This represents a 4% year-on-year growth on 2017’s 4.7 million, according to BankservAfrica, Africa’s largest automated payments clearing house BankservAfrica’s figures, which covers all in-store card transactions (excluding ATM) by BankservAfrica between 00:00 – 23:59 on 23 November 2018, showed the highest
National Treasury and the South African Reserve Bank (SARB) today published a policy paper titled ‘Review of the National Payment System Act 78 of 1998’ for public comment. A national payment system (NPS) is a set of arrangements and infrastructures that enables consumers, businesses and other entities to transfer funds to one another. A number
The payments industry faces immense pressure on multiple fronts. Waves of technological advances, regulatory scrutiny, and changes in consumer and client behaviours and expectations, are having a significant impact on what was once a staid and relatively unchanging business. Consumers want their retail experience to be replicated in the banking world; this means instant, frictionless
Mastercard, in partnership with Housing Finance Bank, has launched Mastercard Debit and Prepaid Card options to the bank’s customers. These payment solutions will deliver a quick, convenient and secure alternative to cash, while further assisting in driving inclusive growth in Uganda. They will also underpin the Ugandan Government’s National Financial Inclusion Strategy (NFIS) 2017 –
