Online money transfers have become so popular in African countries. You could transfer money to about anyone, no matter where they live in the world. Add to it the fact that you could even make payments to other companies, no matter whether you are choosing a product or a service. For instance, with depositing with
India Post Payments Bank, the country’s largest digital-first bank is leveraging Financial Software and Systems (FSS), a leader in payments technology and transaction processing systems, through their Payments-in-a-Box solution to bring a wide range of affordable, quality banking and payment services to financially underserved customer segments – especially rural households, small and medium enterprises and
Garmin Southern Africa have announced that the Garmin Pay contactless payment feature is now live on a range of Pay-Enabled Garmin watches in South Africa. The feature is currently available to VISA-enabled cardholders of First National Bank (FNB) and RMB Private Bank. This new feature from Garmin enables consumers to make highly secure contactless payments at near-field
The South African Social Security Agency (SASSA) is ready for the October payment cycle in which all social grant payments to beneficiaries will be made by itself in partnership with the South African Post Office (SAPO). Cash Paymaster Services (CPS) which is a Net1 subsidiary is currently responsible for paying less than 10% of beneficiaries
In a move to further expand its efforts to displace cash, stimulate innovation and drive the growth of digital payments in South Africa, Mastercard is working with participating banks to enable Mastercard cardholders to make quick, secure and convenient in-store payments from their mobile devices using Samsung Pay. Samsung Pay, Samsung’s mobile payments service, is
Rokel Commercial Bank is bringing greater financial inclusion and convenience to participants in Sierra Leone’s economy by launching the mobile banking platform, Sim Korpor. Starting in Freetown, customers with an account at RCB can now enjoy the convenience of making secure offline transactions such as withdraws, deposits, remittances, check balances, transfers, pay utility bills or
In less than a year from now, on 1st July 2019, the instant payment system of Hungary will go live – fundamentally changing the way Hungarians make payments. The implementation of the instant payment system is an historic step not only for GIRO, a leading provider of services to financial institutions in Hungary, but for
EcoCash and Mastercard have announced the launch of EcoCash Scan & Pay, a simple, secure and instant mobile payments solution for consumers and merchants, as part of their efforts to reduce cash usage and increase digital financial inclusion in Zimbabwe. The Scan & Pay payments functionality is available to EcoCash’s five million active subscribers, and
Equity Group has launched its fintech subsidiary, Finserve, signaling a future defined by disruptive innovation beyond the Group’s current financial services. Finserve will operate as an autonomous commercial enterprise, delivering solutions not just for Equity Group, but to the entire economy. Finserve has been the technology arm of Equity Group and is credited with revolutionizing
Visa Inc., the global leader in payments, has announced a strategic partnership with Maxcom Africa PLC – a merchant aggregator also known as Maxmalipo – that will enable more than 30,000 retailers in Tanzania to accept Visa on mobile payments, as well as 20,000 local agents to conduct cash deposits and withdrawals. This effort aims
